Saving enough money for a down payment or closing costs on a new home can be a daunting undertaking, but there are several unique programs that can help make buying a home more affordable.

The assistance programs below are offered by community partners that work in conjunction with First Bank's many loan options. First Bank's team of professional lenders will work with you to find the best program and assistance.

Call (888) 851-5851 or email [email protected] to get started today!

Alaska Community Development Corporation

Home Opportunity Program

Promotes homeownership for low-income households. Applicants who qualify can receive down payment assistance, closing cost assistance and, if necessary, a buy-down of the first mortgage.

Native American Housing Initiative

Homeownership Assistance

First Bank works with Tlingit Haida Regional Housing Authority providing assistance to eligible home buyers with down payment and closing costs. Contact one of our mortgage experts at [email protected].com for details on these forgivable grants.


Homeownership Assistance

First Bank partners with local sponsors to provide income-eligible home buyers with down payment and closing cost assistance. Contact one of our mortgage experts at [email protected] for details on these forgivable grants.

Ketchikan Indian Community Housing AuthorityPDF

Home Buy-Down Program

Designed to increase the availability of affordable housing for those who are eligible by assisting with closing costs, buy-down of a portion of the purchase price, or assistance with the down payment.

Baranof Island Housing Authority

Closing Cost Assistance Program

Assists with closing costs to qualified low-income families to obtain affordable housing.

Neighborhood Lift Program

Downpayment Assistance

Provides eligible home buyers with $10,000 down payment assistance on qualified properties. Additional down payment assistance is also available for military members, emergency services providers, teachers, paraprofessionals, law enforcement and others. Home buyer education is available through this program to help prepare buyers to find and finance a home, and manage the financial responsibilities of home ownership. Assistance is not limited to first-time buyers. Contact one of our mortgage experts for full details: [email protected].

Neighborhood Lift Program (Funding for this program is Temporarily Unavailable)