Second Mortgage Programs

Finance home improvements or maximize your energy conservation with AHFC's second mortgage programs.

Second Mortgage Program

Borrowers may obtain a second mortgage to finance home improvements or purchase a home in conjunction with an assumption of an existing AHFC loan and make repairs if need be.

Additional Considerations

  • The maximum loan amount with a new appraisal is $312,750.
  • The maximum loan amount with an alternate valuation is $100,000.
  • The maximum loan term is 15 years.
  • Individual program guidelines apply.

Loan Options

How to Apply


AHFC Second Mortgage Program for Energy Conservation

Borrowers may obtain financing to make energy improvements on owner-occupied properties. Borrowers select from the list of energy upgrades included with the energy audit of their home performed by an AkWarm-certified Energy Rater. All improvements must be completed within 365 days of loan closing (improvements not listed may not be included in the loan).

Program Note

For borrowers participating in the Home Energy Rebate Program the rebate received will be applied toward the outstanding balance of the Second Mortgage Program for Energy Conservation. To schedule an energy rater to participate in the Rebate Program, visit our online signup or call 877-257-3228.

Additional Considerations

  • The maximum loan amount is $30,000.
  • The maximum loan term is 15 years.
  • The interest rate is the Taxable Program or Rural Owner-Occupied 15-year interest rate plus 0.500. Go to Interest Rates

For forms and instructions, see the attached Second Mortgage Program for Energy Conservation.

Contact

Alaska USA Federal Credit Union
Real Estate Telephone Loan Center (RETLC)
907-786-2800 (direct)
888-425-9813 (toll-free)
P.O Box 196613
Anchorage, AK 99519-6613