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First Time Home Buyer Grants

Fishing for Alaska first time home buyer grants to purchase that home?  Find the best grants, programs for home buying in Alaska and other down payment assistance available to you.

Purchasing a home in any state is an exciting prospect!

Before you obtain a grant and apply for a mortgage, you really need to understand how your credit profile looks.

You want to know your credit score and determine if you need credit repair before proceeding.

Unfortunately, without a minimum credit score of 640, you'll not qualify for these low down payment programs. The FHA 203b loan works well with the various grant options. The higher your credit score is the lower your interest rate.

With so many lenders to choose from, you want to be sure and select the right one.

Even though buying a house is exciting and it can also be daunting! However, do not let yourself become overwhelmed with the process. It is my plan to give you some useful information in this article about first time home buyer grants which will help you along the way.

FHA seems to be the home loan that works best with most of the grant programs you find. 

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

alaska first time home buyer grants

Alaska Grants for Home Buying and Other Programs

To begin with, the State of Alaska does offer an Alaska first time home buyer grant program for its residents. This is good news because not all states are able to offer home mortgage grants to first time home buyers.

One of the programs for home buying is called the "Closing Cost Assistance Program." It provides down payment or closing cost assistance for those wanting to purchase a home. Of course there are credit qualifications and limitations you have to consider.

There is another program called the "Affordable Housing Enhanced Loan Program (AHELP)." This program is designed to work with other non profit organizations to assist you. You have to meet these organizations guidelines and fund availability. The assistance can come as grants, or deferred payments, or even a loan that is forgiven over time. That is a pretty cool option. Since funding could become unavailable, it would be a good idea to investigate this right away. 

These programs all have restrictions and limitations you will want to consider.

The state agency which maintains this Alaska's first time home buyer grant program is the Alaska Housing Finance Corporation. 

You can find a summary of those various programs for home buying by clicking here.

Other programs available to Alaska residents are "Energy Efficient Rate Reduction," which is designed to help those building a new home or renovating an existing home to make it energy efficient.

There is also a program called "Low-Income Borrowers (IRRLIB)," which is designed to help low income borrowers reduce their interest rate to make home ownership easier to reach. Additionally, there is a cool program called "Tax-Exempt First Time Home Buyer Program," that gives lower interest rates to those who are eligible. Veterans have a special program for them as well. 

Alaska is awesome in providing help to their residents! You can find all these plus more programs at the above link.

Federal Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in Alaska. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Down Payment Assistance Grants/Programs

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Remember, you need a lender who will work with first time home buyer grants or programs. This sometimes isn't as easy as it sounds. 

The FHA loan products are very flexible and work well with other assistance programs. Would you like to know where you stand with their requirements? Learn what those requirements are by clicking here.

Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.

Otherwise, you may want to look at programs that have low down payment requirements

More Alaska First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Alaska First Time Home Buyer Grants. This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

Leave Alaska First Time Home Buyer Grants and return to the State Lists main page.

Go to House Buyer Solutions Home Page.

New Jersey Grants

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South Carolina Grants

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