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NeighborWorks Down Payment Assistance system helps make homeownership feasible for first-time homebuyers of moderate earnings by filling the gap between whatever you are able together with price of housing.
A first-time homebuyer is anyone who has perhaps not owned a primary residence within the last 3 years. NeighborWorks Alaska provides two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt as well as the Taxable First-Time Homebuyer.
Tax-Exempt First-Time Homebuyer System
The Tax-Exempt system (TEP) provides reduced rates of interest to qualified homebuyers that are first-time speedyloan.net compare advance america loans with other lenders meet maximum earnings restrictions and acquisition price restrictions.