Mortgage Loans

Our Homeownership Center is the one-stop-shop!

You will find dozens mortgage loan kinds, and a huge selection of variables to start thinking about whenever seeking to determine how to purchase, but only 1 loan is suitable for you. We make discovering that loan that is right and easy to make contact with certainly one of our mortgage professionals today to begin with!

Advance Payment Assistance

NeighborWorks Down Payment Assistance system helps make homeownership easy for first-time homebuyers of moderate income by filling the gap between that which you are able to afford as well as the price of advance america insurance housing.

A homebuyer that is first-time anyone who has maybe not owned a primary residence in the last 3 years. NeighborWorks Alaska provides two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt plus the Taxable First-Time Homebuyer.

Tax-Exempt First-Time Homebuyer System

The Tax-Exempt system (TEP) provides lower rates of interest to qualified homebuyers that are first-time meet maximum earnings restrictions and purchase cost restrictions. First-time homebuyers might be entitled to mortgage decrease plus the NeighborWorks Alaska advance payment support system to simply help supply the advance payment and get rid of the dependence on home loan insurance coverage saving you money each month.

Taxable First-Time Homebuyer Program

This homebuyer that is first-time offers a lowered rate of interest to qualified borrowers. Unlike the tax-exempt system, there aren’t any maximum income or purchase price limits. (more…)