First-Home Limited

  • What It Offers: Lower interest rates for eligible first-time homebuyers who meet maximum income and acquisition cost limits.
  • Eligibility: Must not have owned a primary residence in the last three years unless they are qualified veterans or the house is within a targeted area.
  • Additional Considerations: Federal “recapture” tax may apply following the sale of the home.
  • Website: Alaska Housing Finance Corporation – First Home Limited

First Home

  • What It Offers: Reduced interest rate for first-time homebuyers whose income exceeds First Home Limited income limits or who wish to purchase a home that exceeds First Home Limited acquisition cost limits.
  • Eligibility: Must not have owned a primary residence in the last three years.
  • Website: Alaska Housing Finance Corporation – First Home