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Alaska Home Opportunity Program (HOP)

Alaska Housing Finance Corporation offers Home Opportunity Program (HOP) to home buyers in Alaska: up to $30,000, as a deferred or forgivable loan.

Amount
As much as $30,000
Help type
Deferred or forgivable loan
Only first-time buyers
No

Forgivable or deferred loan: over 5 years the first $10,000 gets forgiven. Anything beyond that is a 0% loan, repaid if you move out or sell.

Keep your home and the first mortgage for the number of years the program sets, and the forgivable loan is canceled.

If you sell, refinance or pay off the home's first mortgage, the whole deferred loan comes due; until then it costs nothing monthly.

Who's eligible for Alaska Home Opportunity Program (HOP)?

  • Open to people and families with low incomes.
  • Being a first-time buyer isn't required.

Your county and household size set most limits. Use our HUD income limit tool to see the median income in your area and how your household compares.

Applying for Alaska Home Opportunity Program (HOP)

  1. Alaska Housing Finance Corporation sends this help through its approved lenders, so your application goes to one of them with your home loan.
  2. The lender compares your income, credit and the home with the program's rules, then reserves the money for you.
  3. This help is paid at closing and goes toward your down payment and the costs of closing.

For the full rules and current application status, use Alaska Housing Finance Corporation's page for Home Opportunity Program (HOP); to choose a lender, see the agency's lender list.

Discuss Alaska Home Opportunity Program (HOP) with a lender

Tell us where you're buying and a lender that works with Alaska's programs can tell you whether Alaska Home Opportunity Program (HOP) fits you, and what you could combine with it.

Call 866-602-7460

Don't want to call? Share your details and the lender will reach out instead.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

Other help for buyers in Alaska

All Alaska programs for first-time home buyers · Down payment help in every state