Mortgage Loans

Mortgage Loans

Our Homeownership Center is the one-stop-shop!

You can find dozens mortgage loan kinds, and hundreds of variables to take into account whenever attempting to determine how to shop for, but only 1 loan is suitable for you. We make finding that right loan quick and simple to get hold of certainly one of our home loan professionals today to begin with!

Deposit Assistance

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

A first-time homebuyer is somebody who has not owned a main residence in the last 36 months. 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 earnings restrictions and purchase cost restrictions. First-time homebuyers could be entitled to mortgage loan decrease and also the NeighborWorks Alaska advance payment help program to greatly help supply the payment that is down eradicate the significance of home loan insurance helping you save money on a monthly basis.

Taxable First-Time Homebuyer System

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

United states of america Department of Agriculture (USDA)

Provides up advance america near me to 100per cent funding for qualified borrowers thinking about purchasing house in specified regions of rural Alaska.

Federal Housing Assistance (FHA)

Made for a debtor with reduced deposit and permits lower fico scores 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 our citizens who served into the armed forces, and offers a purchase deal with out a payment that is down

Do It Yourself Loans:

Do you want to correct, renovate, or boost your house?

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 up to house you already possess

.3) Refinance Renovation

  • Incorporates renovations as a loan that is new.

Who is Eligible?

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

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