Mortgage Loans

Mortgage Loans

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

You will find dozens home loan kinds, and hundreds of factors to think about whenever seeking to regulate how to shop for, but only 1 loan is suitable for you. We make finding that right loan quick and simple to make contact with certainly one of our home loan specialists today to get started!

Down Payment Assistance

NeighborWorks Down Payment Assistance system helps make homeownership easy for first-time homebuyers of moderate earnings by filling the space between whatever you can afford plus the expense of housing.

A first-time homebuyer is somebody who has maybe not owned a main residence within the last few 36 months. NeighborWorks Alaska provides two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt therefore 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 purchase cost restrictions. First-time homebuyers can be entitled to mortgage loan decrease additionally the NeighborWorks Alaska advance payment support system to simply help supply the advance payment and eradicate the dependence on mortgage insurance coverage saving you money on a monthly basis.

Taxable First-Time Homebuyer System

This homebuyer that is first-time offers a decreased rate of interest to eligible borrowers. Unlike the tax-exempt system, you will find no maximum income or purchase price limits.

United states of america Department of Agriculture (USDA)

Provides up to 100per cent funding for qualified borrowers thinking about purchasing house in specified aspects of rural Alaska.

Federal Housing Assistance (FHA)

Made for a debtor with just minimal advance payment and permits reduced credit ratings than that needed for Conforming loans; now offers a ‘streamline refinance’ of an current FHA loan with minimal paperwork demands.

Veteran’s management

Particularly reserved for the residents whom served within the armed forces, and will be offering a purchase deal with cash america pawn azle tx no payment that is down

Do It Yourself Loans:

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

NeighborWorks Alaska supplies the AHFC renovation loan options covering three feasible situations:

1) Purchase Renovation

  • Renovations together with a purchase

2) Second for Renovation

  • Improvements to a true house you already obtain

.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

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