Grant Directory

Verified government funding opportunities

Down Payment Assistance

Open

Alaska Housing Finance CorporationAKFirst-Time Homeowner

Funding: Nonprofit organizations provide down payment assistance to borrowers purchasing homes with Alaska Housing AHELP loan option; amounts and terms vary by organization and funding availability.OtherScope: Multi-county/Regionstate

Updated: Nov 29, 2025

Summary

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.

Benefits

Down payment assistance

Who Can Apply

Individual

Eligible Locations

Anchorage area, Southcentral (excluding Anchorage), Fairbanks area, and Southeast Alaska regions served by listed nonprofit down payment assistance providers.

Eligibility

Homebuyers using AHFC’s AHELP loan option who qualify under the guidelines of participating nonprofit organizations providing down payment and closing cost assistance in regions such as Anchorage, Southcentral, Fairbanks, and Southeast Alaska.

Full Description

This resource page centralizes information for Alaska homebuyers seeking gap funding to complement AHFC first mortgage products. Rather than being a single grant, it points borrowers to nonprofit organizations that administer their own down payment assistance funds tied to AHFC’s AHELP loan options. Each listed partner sets its own income limits, assistance caps and underwriting guidelines, but most target low- and moderate-income homebuyers who will owner-occupy the property. The page highlights service areas across Alaska—such as Anchorage, Southcentral communities, the Fairbanks region and Southeast—and provides contact information and website links so borrowers can quickly determine which organization serves their community. By pairing an AHFC first mortgage with regional down payment assistance, eligible buyers can reduce their cash-to-close and improve long-term affordability. This directory-style page is especially useful for first-time buyers and housing counselors searching for Alaska-specific down payment assistance that can be layered with AHFC mortgage products and other local or federal programs.

Verification & Details

Complexity: Moderate
Status: Open
Source: ahfc.us
Official source → ahfc.us
Apply on official siteUpdated Nov 29, 2025

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More statewide programs

Explore additional grants available throughout Alaska that complement this opportunity.

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), …

Funding: First Home and First Home Limited loans offer reduced interest rates to eligible first-time homebuyers; loan amount and eligibility are based on income and acquisition cost limits.Deadline: N/AStatewideIndividualReduced interest rateFirst-time homebuyer mortgage

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, …

Funding: $25,000 (NAHI) or $15,000 (Home$tart) per householdUntil funds exhaustedStatewideIndividualOtherDown payment assistanceClosing costsPrepaid expenses

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…

Funding: Provides down payment and closing cost assistance to low-income individuals and families through nonprofit intermediary agencies in major urban areas of Alaska; assistance amounts vary by agency and funding availability.Multi-county/RegionIndividualDown payment assistanceClosing costs

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 …

Funding: Provides a combination of grant and zero-interest loan assistance: first $10,000 conditionally forgivable over a five-year occupancy period, plus potential down payment assistance up to 2% of purchase price or $3,800, up to $3,000 in closing costs, and first mortgage buydown assistance not to exceed $30,000 per household.Until funds exhaustedMulti-county/RegionIndividualDown payment assistanceClosing costsMortgage buydown