PURCHASING ASSISTANCE

Unlock Your Purchasing Power

Saving enough money for a down payment or closing costs on a new home can be a daunting undertaking, but there are several unique programs that can help make buying a home more affordable. The assistance programs below are offered by community partners that work in conjunction with First Bank's many loan options. First Bank's team of professional lenders will work with you to find the best program and assistance.

 

Call (888) 851-5851 or email Mortgage@FirstBankAK.com to get started today!


Alaska Community Development Corporation

Home Opportunity Program

Promotes homeownership for low-income households. Applicants who qualify can receive down payment assistance, closing cost assistance and, if necessary, a buy-down of the first mortgage.

Home$tart

Homeownership Assistance

First Bank partners with local sponsors to provide income-eligible home buyers with down payment and closing cost assistance. Contact one of our mortgage experts at Mortgage@FirstBankAK.com for details on these forgivable grants.

Baranof Island Housing Authority

Closing Cost Assistance Program

Assists with closing costs to qualified low-income families to obtain affordable housing.

Native American Housing Initiative

Homeownership Assistance

First Bank partners with local sponsors to provide tribally enrolled income eligible home buyers with down payment and closing costs assistance. Contact one of our mortgage experts at Mortgage@FirstBankAK.com.com for details on these forgivable grants.

Designed to increase the availability of affordable housing for those who are eligible by assisting with closing costs, buy-down of a portion of the purchase price, or assistance with the down payment.