AHFC Tax-Exempt First Mortgage Program

About This Program

AHFC's tax-exempt mortgage program provides below-market interest rate financing for eligible Alaskan homebuyers and homeowners. The program offers reduced mortgage rates funded through tax-exempt bond issuances, making homeownership more affordable in Alaska's high-cost market. Income and purchase price limits apply; check AHFC's current limits table. Veterans may qualify for additional benefits under special AHFC programs.

Rates are typically 0.25%–1.0% below conventional market rates. For a $400,000 mortgage, a 0.5% rate reduction saves approximately $100/month or $1,200/year.

Key Details

• Below-market mortgage rates for income-eligible Alaska homebuyers
• Tax-exempt bond financing — typically 0.25%–1.0% below market rates
• Income and purchase price limits apply — check AHFC table
• Special programs available for first-time buyers and veterans
• Contact AHFC Anchorage: 907-338-6100 or 800-478-2432 (AK toll-free)

How to Apply

Deadline: Rolling