Alaska first-time home buyer programs
Alaska Housing Finance Corporation lists 1 program that help buyers in Alaska with the down payment or closing costs. Amounts and terms are shown as the agency publishes them.
- Programs from the agency
- 1
- Biggest amount listed
- Set per program
- First-time buyers only
- None of them
- Income caps
- Set per program
Down payment assistance programs in Alaska
| Program | Amount | Grant or loan | Income limit | First-time buyers only |
|---|---|---|---|---|
| Home Opportunity Program (HOP) | Up to $30,000 | Forgivable or deferred loan: The first $10,000 is forgiven over 5 years. The rest is a 0% loan you repay when you sell or move out. | For low-income people and families | No |
Usually, "first-time buyers only" means you haven't owned a home during the past three years, though every program sets a rule of its own. The name of each program links to a Alaska Housing Finance Corporation page that says whether applications are open right now. The agency also maintains its own list of participating lenders. Compare down payment assistance programs across all states, or ask a lender that works with Alaska's programs.
How do you repay Alaska's programs?
- Forgivable loan: keep the home and its first mortgage for the set years, and this second loan is written off.
- Deferred loan: nothing to pay each month, but the full amount comes due when you sell, refinance or pay the first mortgage off.
How does your income compare with Alaska's caps?
Every program has its own income cap, which the table shows, and the exact chart is on that program's agency page. Use the HUD income limits lookup (FY2026) to find the figure for your county and household size. If a program relies on its own county chart or Freddie Mac's, the result can differ from HUD's number, and the agency's chart decides.
| HUD area | Median family income | HUD low-income limit |
|---|---|---|
| Anchorage | $135,100 | $106,800 |
| Matanuska-Susitna Borough | $119,300 | $95,450 |
| Fairbanks-College | $116,300 | $93,050 |
Talk to a lender that works with Alaska programs
These programs are paid out through the agency's approved lenders, so the lender is your next step. Tell us where you're buying and a lender that works with Alaska's programs can explain which ones fit you.
Rather not call? Send your details and the lender will reach you.