With a customized mortgage from First Bank, you can get your dream home without having a nightmare of a monthly payment. Our loan representatives will tailor a loan to fit your needs.
(Please note: Some programs are not included in all areas. Some restrictions may apply.)
Call (888) 851-5851 or email Mortgage@FirstBankAK.com to get started today.
• Fixed rate of interest for the life of the loan.
• A variety of loan terms are available.
• No down payment.
• No PMI (Private Mortgage Insurance).
• Low, competitive interest rates.
• Allows borrowers in rural areas to finance the entire purchase price of the house and some closing costs — up to 100% of the appraised value of the home.
• Income limits do apply.
• This program can be combined with any of the interest rate reduction programs available through Alaska Housing Finance Corporation.
• Borrowers can use multiple Interest Rate Reduction Programs with AHFC loans to reduce interest rates by up to 2%.
• Tax Exempt First Time Home Buyer Program.
• Taxable First Time Home Buyer Program.
• Energy Efficiency Interest Rate Reduction Program.
• Interest Rate Reduction Program for Low Income Borrowers.
• State Veteran Interest Rate Preference.
• Allows borrowers to put down as little as 3.5% for a 1- 4 family homes.
• Closing costs and down payment may be gift funds.
• No income limits apply.
• Allows borrowers to finance up to $50,000 in home improvements when purchasing their new home.
• Available with Alaska Housing Finance Programs.
• Discounted interest rate and lower down payment requirements.
• Available to borrowers in Petersburg, Wrangell, Prince of Wales Island, and the in the Ketchikan Gateway Borough.
• Can be combined with any of the interest rate reduction programs available through Alaska Housing Finance Corporation.