Down payment assistance · Alaska

Buying a home in Alaska

21 programs: 14 statewide, the rest run by counties and 2 cities. What you can use depends on where the home is.21 programs across Alaska: 14 statewide, the rest run by counties and 2 cities. What you can use depends on where the home is.

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Start with your county

Local help, prices and income limits differ county to county

County	Local programs	Median home value	Area median income (4 people)	Link
Anchorage	1	—	—	See Anchorage
Fairbanks North Star	1	$298,200	$116,300	See Fairbanks North Star
Kenai Peninsula	1	$323,200	$110,100	See Kenai Peninsula
Kodiak Island	1	$412,300	$113,100	See Kodiak Island
All 29 counties

Home values: Census ACS 2024 5-year. Income: HUD FY2026. Programs: Hey Prescott, verified July–August 2026.

Anywhere in Alaska

14 statewide programs

Up to $175,000

Manufactured Home Loan

First mortgage · New construction

See details

Up to $12,500

NeighborhoodLIFT Down Payment Assistance (NeighborWorks Alaska)

Forgivable loan · Forgiven over 5 yrs · Income limits · Veterans · Educators

See details

Up to $10,000

New Home Construction Rebate (AHFC)

Assistance grant · New construction · Income limits

See details

Plus 62 nationwide programs. See them See nationwide programs

Free help from a person

2 HUD-approved counseling agencies in Alaska2 HUD-approved housing counseling agencies in Alaska

5 of the 14 statewide programs ask for a homebuyer class first. Create a free account to see who’s near you.5 of the 14 statewide programs ask for a homebuyer class first. Create a free account, take the 90-second match, and we’ll show the counselors near you.

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Free account → 90-second match → your counselors

Income limitsIncome limits and price caps in AlaskaArea median income for all 29 counties, and the limit each program sets.See the limits

Alaska questions

What is Manufactured Home Loan?

Manufactured Home Loan, a first mortgage (new construction), open anywhere in Alaska and run by Alaska Housing Finance Corporation (AHFC). Its page has the details and a link to the official site.

Which Alaska counties run their own programs?

4 counties of 29 have a county or city program listed, among them Anchorage, Fairbanks North Star, Kenai Peninsula and Kodiak Island. The table above lists them, and each county page has its own programs.

Do I need a homebuyer class in Alaska?

Many programs ask for one. 5 of the 14 statewide programs list a homebuyer education requirement. HUD-approved housing counseling agencies teach them, often for free.

Can I use assistance on a Alaska condo?

10 of the 14 statewide programs list condos as eligible. Each program’s page lists the kinds of homes it accepts.