There is a new program available to provide down payment assistance for qualified home buyers. There is $2,500,000 set aside to provide either $10,000 or $12,500 for your down payment and if you own the home 5 years at least nothing needs to be paid back. Pretty sweet and the last couple offers I received on listings were using this program. I suspect they will run out of money fast so let me know if you want more information, 907-863-7289.
Most of the local mortgage lenders offer this program! NeighborWorks Alaska HomeOwnership Center is proud to be part of the NeighborhoodLIFT Program in collaboration with Wells Fargo and NeighborWorks America.
This is the first year that its available in Alaska where NeighborhoodLIFT will open to families earning up to the median area income. For a family of four in Anchorage, the income limit is $104,900; in the Matanuska-Susitna Borough, AK the income limit is $92,600. Below is more information & helpful links.
NOTE: No closings may take place before September 12.
If you have additional questions, visit our FAQ page . You can also contact the NeighborWorks Alaska HomeOwnership Center at firstname.lastname@example.org or 907-677-8431 for more information!