Alaska Down Payment Assistance
Alaska Down Payment Assistance Programs
A guide to current down payment assistance options in Alaska, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Alaska homebuyers.
Alaska Housing Finance Agency
Alaska Housing Finance Corporation (AHFC)
AHFC administers the primary DPA programs for Alaska. Program details below are current as of April 23, 2026 - confirm current terms directly with AHFC before applying.
Statewide DPA Programs in Alaska
First Home Limited
AHFC
Below-market interest rate first mortgage for income-qualified first-time homebuyers.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Income: Income and acquisition cost limits apply; higher limits in HUD-designated targeted areas.
First-time homebuyer defined as not having owned a primary residence in the last three years. Exceptions apply in targeted areas and for qualified veterans.
Source: www.ahfc.us
Veterans Mortgage Program / State Veterans Interest Rate Preference
AHFC
One-percent interest rate reduction on the first $50,000 of an AHFC first mortgage for qualified veterans.
Paired with: Conventional, FHA, VA, USDA
- Primary residence only
- Income: State Vet income limits apply; see AHFC schedule.
Source: www.ahfc.us
Closing Cost Assistance Program (Government Loans)
AHFC
Interest rate reduction on AHFC FHA, VA, or USDA-RHS first mortgages for one-unit primary residences, including condos.
Paired with: FHA, VA, USDA
- Primary residence only
Program guidelines and income limits are published in AHFC Seller Guide Section 5013.
Source: www.ahfc.us
Alaska Notes for Homebuyers
- AHFC does not lend directly; loans originate through AHFC-approved lenders.
- Alaska has no state income tax; local recording fees apply at closing.
2026 Loan Limits in Alaska
Conforming (Conventional)
$806,500 baseline
Some Alaska counties qualify as high-cost, with limits up to $1,209,750.
FHA
$524,225 floor
Higher-cost Alaska counties can reach the FHA ceiling of $1,209,750.
Live DPA Pricing for Alaska
Pricing below is sourced live from hundreds of wholesale lenders for a Alaska scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Alaska with live pricing
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