First-Time Homebuyer Loans
OpenAlaska Housing Finance CorporationAKFirst-Time Homeowner
Updated: Nov 29, 2025
Summary
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.
Benefits
Who Can Apply
Eligible Locations
State of Alaska homebuyers using Alaska Housing Finance Corporation first-time homebuyer loan programs.
Eligibility
First-time homebuyers who have not owned a primary residence in the last three years (with targeted-area and qualified-veteran exceptions), using the home as their principal residence and meeting standard underwriting and, for First Home Limited, maximum income and acquisition cost limits.
Full Description
Verification & Details
Recommended Resource
First-Time Homebuyer Starter Pack (2025 Edition)
A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.
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