Mortgage Loans

Our Homeownership Center can be your one-stop-shop!

You will find dozens mortgage loan types, and a huge selection of factors to take into account whenever endeavoring to regulate how to get, but just one loan is suitable for you. We make finding that loan that is right and simple to contact certainly one of our home loan specialists today to get going!

Advance Payment Assistance

NeighborWorks Down Payment Assistance Program helps make homeownership easy for first-time homebuyers of moderate earnings by filling the space between what you are able in addition to price of housing https://www.speedyloan.net/reviews/check-n-go.

A homebuyer that is first-time anyone who has maybe perhaps not owned a primary residence within the last few 36 months. NeighborWorks Alaska offers two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt as well as the Taxable First-Time Homebuyer.

Tax-Exempt First-Time Homebuyer Program

The Tax-Exempt system (TEP) provides reduced interest levels to qualified homebuyers that are first-time meet maximum earnings restrictions and acquisition price limits. First-time homebuyers can be qualified to receive mortgage loan decrease and also the NeighborWorks Alaska deposit help system to greatly help supply the payment that is down get rid of the dependence on home loan insurance coverage helping you save money each month.

Taxable First-Time Homebuyer System

This homebuyer that is first-time provides a lower life expectancy rate of interest to qualified borrowers. Unlike the program that is tax-exempt there aren’t any maximum income or purchase cost restrictions.

United states of america Department of Agriculture (USDA)

Provides up to 100% funding for qualified borrowers buying house in specified regions of rural Alaska.

Federal Housing Assistance (FHA)

Made for a debtor with reduced down payment and permits reduced credit ratings than that necessary for Conforming loans; now offers a ‘streamline refinance’ of a FHA that is existing loan minimal paperwork demands.

Veteran’s management

Particularly reserved for the residents whom served when you look at the army, while offering a purchase deal without a payment that is down

Do It Yourself Loans:

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

NeighborWorks Alaska provides the AHFC renovation loan options addressing three feasible situations:

1) Purchase Renovation

  • Renovations along with a purchase

2) Second for Renovation

  • Improvements up to a true home you already acquire

.3) Refinance Renovation

  • Incorporates renovations in to a loan that is new.

Who’s Eligible?

Owner-occupied single-family residences, duplexes, triplexes, fourplexes, condominium devices