Mortgages

Mortgages

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

You can find dozens mortgage loan types, and a huge selection of factors to take into account whenever endeavoring to regulate how to get, but only one loan is right for you. We make discovering that right loan quick and easy to make contact with certainly one of our home loan professionals today to begin with!

Advance Payment Assistance

NeighborWorks Down Payment Assistance system helps make homeownership feasible for first-time homebuyers of moderate earnings by filling the gap between everything you are able and the expense of housing.

A first-time homebuyer is somebody who has perhaps maybe not owned a primary residence within the last 3 years. NeighborWorks Alaska provides 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 System

The Tax-Exempt system (TEP) offers reduced interest levels to qualified homebuyers that are first-time meet maximum income restrictions and purchase price restrictions. First-time homebuyers could be qualified to receive mortgage loan reduction additionally the NeighborWorks Alaska advance payment help http://speedyloan.net/reviews/advance-america-loans system to greatly help supply the payment that is down eradicate the requirement for home loan insurance coverage helping you save money on a monthly basis.

Taxable First-Time Homebuyer Program

This first-time homebuyer program provides a low rate of interest to qualified borrowers. Unlike the tax-exempt system, there aren’t any maximum earnings or purchase price limits.

Usa Department of Agriculture (USDA)

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

Federal Housing Assistance (FHA)

Made for a borrower with just minimal down payment and enables reduced credit ratings than that necessary for Conforming loans; now offers a ‘streamline refinance’ of a FHA that is existing loan minimal documents needs.

Veteran’s management

Especially reserved for the citizens whom served within the armed forces, and will be offering a purchase deal with no deposit

Do It Yourself Loans:

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

NeighborWorks Alaska provides the AHFC renovation loan options addressing three scenarios that are possible

1) Purchase Renovation

  • Renovations together with a purchase

2) Second for Renovation

  • Improvements to house you already own

.3) Refinance Renovation

  • Incorporates renovations in to a brand new loan.

Who’s Eligible?

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