Down Payment Assistance: NeighborWorks Down Payment Assistance Program helps make homeownership possible by filling the gap between what you can afford and the cost of housing. 1st mortgage lenders require homebuyers to pay a minimum of 20% of the property value as down-payment or arrange for expensive insurance, we can assist by providing affordable loan to cover the gap.
Home Improvement / Renovation Loans: One thing we learned from working in communities is that many residents could use assistance to repair and improve their homes. Having healthy, vibrant neighborhoods and good-quality housing is part of the mission of our organization.
Limited Forgivable Loans: NeighborWorks Alaska provides eligible homebuyers with forgivable down payment assistance on qualified properties in addition to homebuyer education that will prepare you for finding and financing a home and for managing the financial responsibilities of homeownership (limited availability).