First-Time Homeowner grants in Alaska

AHFC’s Down Payment Assistance resource page connects Alaska homebuyers with nonprofit partners that provide down payment and closing cost assistance for purchases financed with AHFC’s AHELP loan options. The page serves as a statewide hub, listing organizations like Cook Inlet Lending Center, Alaska Community Development Corporation, Interior Regional Housing Authority, and Tlingit-Haida Regional Housing Authority, each serving specific regions.

Eligible for: Homebuyers using AHFC’s AHELP loan option who qualify under the guidelines of participating nonprofit organizations providing down payment a…

Alaska Housing Finance Corporation’s First-Time Homebuyer Loans program offers two primary mortgage options—First Home and First Home Limited—designed to give first-time buyers reduced interest rates and more affordable homeownership across Alaska. Borrowers work with approved lenders and can pair these loans with other AHFC options like energy-efficiency interest rate reductions and veterans’ preferences.

Eligible for: First-time homebuyers who have not owned a primary residence in the last three years (with targeted-area and qualified-veteran exceptions), …

Cook Inlet Lending Center’s NAHI and Home$tart grants are large, forgivable-style down payment assistance grants that can provide eligible Alaska homebuyers with $15,000–$25,000 to cover down payment, closing costs and prepaid expenses, significantly reducing the cash needed to become a homeowner.

Eligible for: For NAHI: Alaska Native, American Indian or Native Hawaiian homebuyers below ~80% of NAHASDA AMI who will owner-occupy a 1–4 unit property, …

AHFC’s Home Opportunity Program (HOP) channels HUD HOME funds through nonprofit intermediaries to provide down payment, closing cost and mortgage buydown assistance for low-income Alaskans buying their primary residence. The program targets households under 80% of area median income and is designed to bridge the affordability gap in Alaska’s higher-cost markets.

Eligible for: Low-income homebuyers (generally ≤80% of area median income) who do not already own a home, will occupy the property as their primary reside…

Alaska Community Development Corporation’s Home Opportunity Program (HOP) delivers substantial down payment, closing cost and mortgage buydown assistance to low-income homebuyers across most of Alaska, with loans structured as zero-interest and partially forgivable to make ownership truly affordable.

Eligible for: Low-income households (≤80% of HUD area median income) in eligible Alaska communities who do not own another home, will occupy the property …