Mortgages

Our Homeownership Center is the one-stop-shop!

You can find dozens mortgage loan kinds, and a huge selection of factors to take into account whenever endeavoring to determine how to buy, but only 1 loan is right for you. We make discovering that right loan quick and simple to make contact with certainly one of our home loan specialists today to get going!

Advance Payment Assistance

NeighborWorks Down Payment Assistance system helps make homeownership easy for first-time homebuyers of moderate earnings by filling the gap between that which you are able additionally the price of housing.

A first-time homebuyer is someone who has perhaps not owned a primary residence within the last few 3 years. NeighborWorks Alaska provides two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt together with Taxable First-Time Homebuyer.

Tax-Exempt First-Time Homebuyer System

The Tax-Exempt Program (TEP) provides lower interest levels to qualified first-time homebuyers whom meet maximum earnings restrictions and purchase price restrictions. First-time homebuyers can be qualified to receive mortgage loan decrease in addition to NeighborWorks Alaska deposit support system to greatly help supply https://speedyloan.net/reviews/advance-america-loans/ the payment that is down get rid of the significance of home loan insurance coverage helping you save money on a monthly basis.

Taxable First-Time Homebuyer Program

This homebuyer that is first-time provides a lowered rate of interest to eligible borrowers. Unlike the tax-exempt program, there aren’t any maximum earnings or purchase cost restrictions.

United states of america Department of Agriculture (USDA)

Provides up to 100% funding for qualified borrowers buying a true home in specified aspects of rural Alaska.

Federal Housing Assistance (FHA)

Created for a borrower with just minimal deposit and permits reduced fico scores than that necessary for Conforming loans; now offers a ‘streamline refinance’ of a FHA that is existing loan minimal documents needs.

Veteran’s Administration

Specifically reserved for the residents whom served into the army, and will be offering a purchase deal without a payment that is down

Do It Yourself Loans:

Do you want to repair, renovate, or enhance your house?

NeighborWorks Alaska supplies the AHFC renovation loan options covering three scenarios that are possible

1) Purchase Renovation

  • Renovations along with a purchase

2) Second for Renovation

  • Improvements to house you already acquire

.3) Refinance Renovation

  • Incorporates renovations in to a loan that is new.

Who’s Eligible?

Owner-occupied residences that are single-family duplexes, triplexes, fourplexes, condominium units