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AHFC Taxable Down Payment Assistance
AK Housing Authority
Max Funding
$15,000
Available In
AK
Program Overview
Provides down payment and closing cost assistance as a deferred, forgivable second mortgage to eligible homebuyers purchasing in Alaska.
Eligibility Requirements
First-time homebuyer in most cases Income limits apply (up to 140% AMI in some areas) Must use AHFC first mortgage program Property must be primary residence Complete homebuyer education
Additional Requirements
First-time homebuyer in most cases Income limits apply (up to 140% AMI in some areas) Must use AHFC first mortgage program Property must be primary residence Complete homebuyer education
How to Apply
Apply through an AHFC-approved lender when applying for your first mortgage. The DPA is processed simultaneously with the primary loan application.