Down Payment Assistance

Closing Cost Assistance program

With Alaska Housing's Closing Cost Assistance program, assistance of either 3% or 4% of the loan amount is available, depending on credit qualifications, to homebuyers throughout the state of Alaska. Example: If receiving 4% assistance on a $300,000 mortgage loan, the assistance equals $12,000; if receiving 3% on $300,000, the assistance equals $9,000. The assistance funds may be used toward a down payment and closing costs. Closing cost assistance is funded directly by Alaska Housing at the time of closing and is available through certain approved lenders.

Down payment assistance

Nonprofit organizations provide down payment assistance to borrowers purchasing homes with Alaska Housing’s AHELP loan option. Funds are subject to availability, and borrowers must meet the organization's guidelines.

Anchorage Area

Anchorage Neighborhood Housing Services, Inc. dba NeighborWorks Alaska
(formerly Anchorage Neighborhood Housing Services)
2515 A St
Anchorage, AK 99503
907-677-8490
907-677-8450 (fax)
www.nwalaska.org/

Cook Inlet Lending Center
3600 Spenard Road, Suite 100
Anchorage, AK 99503
907-793-3058
907-793-3079 (fax)
http://cookinletlending.com/

Southcentral (excluding Anchorage)

Alaska Community Development Corporation (ACDC)
1517 S. Industrial Way, Suite 8
Palmer, AK 99645
907-746-5680
907-746-5681 (fax)
www.alaskacdc.org

Fairbanks Area

Fairbanks Neighborhood Housing Services (FNHS)
1427 Gillam Way
Fairbanks, AK 99701
907-451-7230
907-451-7236 (fax)
https://fnhs.org/

Interior Regional Housing Authority (IRHA)
828 27th Ave.
Fairbanks, AK 99701
907-452-8315
907-456-8941 (fax)
https://irha.org/

Southeast

Alaska Community Development Corporation (ACDC)
1517 S. Industrial Way, Suite 8
Palmer, AK 99645
907-746-5680
907-746-5681 (fax)
www.alaskacdc.org

Tlingit-Haida Regional Housing Authority (THRHA)
5446 Jenkins
Juneau, AK 99803
907-780-6868
907-780-6895 (fax)
https://www.regionalhousingauthority.org/home-owner-assistance-program-hoap/