The Alaska Housing Finance Corporation has launched a new program aimed at helping Veterans purchase homes in Alaska. The program, called the Veterans Mortgage Loan, is designed exclusively for qualified service members, and offers a fixed interest rate and long-term financing for newly constructed single-family homes built by the owner. This program aims to provide resources for purchasing a home, acknowledging the achievements and sacrifices of Veterans and ensuring they can build a stable future for themselves and their families.
Alaska has a large military and Veteran population, making resources available to help purchase a home imperative. With nearly 62,750 Veterans in the state and 15% of homeowners being former service members, this program is essential to supporting Alaska’s Veteran population. The loan program is available through AHFC approved lenders and is unique to Alaska, offering options that can save qualified borrowers thousands of dollars if they’re not placing a down payment of 20% in urban areas or 10% in rural areas.
In conclusion, the new Veterans Mortgage Loan program by the Alaska Housing Finance Corporation provides a unique opportunity for qualified service members, within 25 years of active duty service discharge, to purchase owner-occupied, single-family residences. This program aims to provide long-term stability for Veterans, acknowledging their sacrifices and service to the country. If you are a Veteran in Alaska interested in purchasing a home, it is recommended to contact an approved lender to find out if you qualify for this program.
