Affordable Housing Enhanced Loan program (AHELP)
AHELP provides qualified borrowers with down payment assistance that may come in the form of a grant, a second mortgage with deferred payments, a forgivable loan, or a combination of these options. The funds come through Alaska Housing’s network of local and federal government agencies, nonprofit agencies, or regional housing authorities
To be eligible, borrowers must meet the participating provider’s requirements.
Borrowers may not own other residential real estate in the same general area
Eligible properties are limited to owner-occupied single-family homes, condominiums, and manufactured homes
An authorized home inspector must examine any homes that are 10 years old or older
You must complete an approved home buyer education class
However, the website doesn’t provide much information about how much help is available. So your best bet is to speak with one of the many participating providers. You’ll find a list on the program’s website.