Assistance grant
Tribal Equity Advantage Mortgage (TEAM)
Income limits · Single Family · Townhouse · Condo
Down payment assistance · Fairbanks North Star
Buying a home in Fairbanks, AK
1 Fairbanks program and 14 statewide.Fairbanks has 1 program of its own, and 14 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Fairbanks addresses
Fairbanks’s own program
The Fairbanks marketThe Fairbanks housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Fairbanks
- 33.7% single-familysingle-family
- 13.8% townhousetownhouse
- 20.7% 2–4 units2–4 units
- 31% 5+ unitscondo & apartment buildings (5+ units)
- 0.7% mobile & othermobile home & other
Condos count. Fairbanks’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Fairbanks’s homes were built
pre-19401970s2020+
51.3%
of Fairbanks homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$116,300
County area median income, 4 people (HUD)HUD area median income, Fairbanks North Star, 4-person household (2026)
$73,534
Fairbanks median household incomeMedian household income in Fairbanks (Census, 2024)
13 of the 77 programs here set their income limit as a share of Fairbanks North Star’s area median income, adjusted for household size. See the published limits for Fairbanks North Star
Free help nearbyFree help near Fairbanks
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Create a free account to see who’s near you and pick one.A HUD-approved counselor teaches homebuyer classes and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Alaska and nationwide
76 statewide & federal programs14 statewide programs, plus federal options
Fairbanks questions
Does Fairbanks have its own down payment program?
Yes, one: Tribal Equity Advantage Mortgage (TEAM), a assistance grant (income limits). It is for homes inside Fairbanks.
Can I use assistance on a condo in Fairbanks?
Fairbanks’s one local program accepts condos. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Fairbanks North Star?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Fairbanks North Star, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Fairbanks?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
99701 · 99706 · 99707 · 99708 · 99709 · 99710 · 99711 · 99712 · 99775 · 99790
Nearby in Fairbanks North Star
Sources
Sources: agency sites (July–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.