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Programs by loan type

Down payment assistance you can pair with an FHA loan in Alaska

10 programs name FHA loans: 1 county or regional, 9 statewide.

Two approvals, made separately. The lender underwrites the FHA loan; the program reviews its own application, and the lender must also accept the assistance. The loan type is one rule among several.

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The 10 programs, closest first

From a single county out to the whole state

Listed A–Z within each group, not ranked.

In a Alaska city 0 programs

No Alaska city program names FHA. 2 cities run a program of their own. Browse Alaska cities →

In a county or region 1 program

For homes anywhere in the county or the counties named

Fairbanks North Star Borough; Southeast Fairbanks Census Area; Matanuska-Susitna Borough; Kenai Peninsula Borough; Copper River Basin (Glennallen, Valdez, Cordova); City and Borough of Juneau; Haines Borough; Ketchikan Gateway Borough; Petersburg Borough; Wrangell Borough; Sitka Borough; Kodiak Island Borough; and other Alaska areas outside the Municipality of Anchorage

Home Opportunity Program (HOP)

Forgivable loan · 80% of area median income

Anywhere in Alaska 9 programs

Can sit alongside a city or county program where both allow it

Nationwide 33 programs · not in the 10

Nationwide: 33 more, not in the 10

What to know

What the 10 records say

From each program’s own record. The agency decides who can use it.

  1. 5 of 10

    ask for a homebuyer education class.

  2. 3 of 10

    are limited to first-time homebuyers, as each program defines it.

  3. 4 · 4 · 2

    are assistance grants, first mortgages and forgivable loans.

Free help in Alaska

2 HUD-approved counseling agencies in Alaska

5 of 10 of these programs ask for a homebuyer class. A HUD-approved counselor teaches it and can explain how the assistance and an FHA loan fit together.

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Questions, answered

Can down payment assistance be used with an FHA loan in Alaska?

10 programs in Alaska name FHA loans among the loan types they can be paired with. The assistance program and the first-mortgage lender underwrite separately, so a lender must also be willing to accept the assistance as a source of funds.

Does naming FHA loans mean a program is open to everyone using one?

No. The loan type is one eligibility rule among several — income limits, purchase price caps, credit requirements and occupancy rules all still apply, and each program sets its own.

Is Hey Prescott a lender?

No. Hey Prescott is an educational directory of down payment assistance programs. We list programs and link to official sources; we do not make loans or give individualized lending advice.

Programs and counts: Hey Prescott program records, each verified with its administering agency (July–August 2026). Counselors: HUD housing counseling agency list. Hey Prescott is not a lender.