Updated 1/26/2026

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders, fill out this form here and I will connect you with one.

I've included all of the links and contact info needed to do this on your own, the form is meant to make it easier.

Connect with a DPA team

How Down Payment Assistance Works

I need to give a quick overview of how down payment assistance works. After that, the programs are listed.

With down payment assistance, you'll run into two different types:

  • A grant

  • A loan

A Grant

If we meet the qualifications up front, then it's money that does not need to be repaid.

A Loan

If the down payment assistance comes in the form of a loan, then pay attention to the three different types:

  • Repayable

  • Deferred

  • Forgivable

Repayable is just as most imagine. It charges interest over a certain amount of time, with monthly payments until it's paid off.

Deferred loans usually don't require a monthly payment, and typically don't charge interest. It's due in full when you refinance, sell the home, or when it ceases to be your primary residence.

Forgivable loans will disappear if you meet the criteria, which usually comes down to keeping the home as your primary residence for a specific amount of time.

Okay with that, here are the programs!

Alaska

Alaska Housing Home Opportunity Program (HOP)

  • What It Offers: Provides a zero-interest loan of up to $30,000 for down payment assistance, closing costs (up to $3,000), and a first mortgage buy-down if needed for affordability.

  • Who Qualifies: Low-income households.

  • Income Limits: Household income must be below 80% of the area median income (AMI), as determined and regionally adjusted by HUD.

  • Repayment: The first $10,000 is forgivable, conditional on continuous ownership and occupancy of the home for five years. Any remaining balance is a zero-interest loan due upon sale or refinancing of the home.

  • https://www.alaskacdc.org/home-opportunity-program.html

Anchorage Area Cook Inlet Lending Center (CILC)

  • Assistance: Offers multiple products:
    • NAHI Grant: Up to $25,000 (Native American/Alaska Native borrowers only).

    • Home$tart Grant: Up to $15,000 (Income-eligible borrowers).

    • DPA Loan: Up to 20% of the purchase price (max $75,000).

  • Terms:
    • Grants: Forgivable after 5 years.

    • DPA Loan: 30-year fixed-rate second mortgage (requires monthly payments).

  • Eligibility: Varies by product. The DPA Loan is open to all qualified borrowers; Grants have specific demographic or income requirements.

  • More Information: Cook Inlet Lending Center

City & Borough of Juneau Mobile Home Down Payment Assistance

  • Assistance: Provides up to $20,000 (or 50% of the required down payment) for manufactured homes.

  • Terms: Low-interest loan (1%). Repaid over 5 years.

  • Eligibility: Residents purchasing a mobile/manufactured home in Juneau. Income limit applies (approx. 120% AMI). Administered by True North Federal Credit Union.

  • More Information: Juneau Housing Programs

Interior Regional Housing Authority (IRHA) TEAM Program

  • Assistance: Provides a grant of up to 20% of the purchase price (max home price $300,000).

  • Terms: Forgivable Grant.

  • Eligibility: Specifically for Alaska Native / American Indian homebuyers in the Interior region. Income limits apply.

  • More Information: https://irha.org/programs/

Updated 1/26/2026

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders, fill out this form here and I will connect you with one.

I've included all of the links and contact info needed to do this on your own, the form is meant to make it easier.