Purchasing Assistance

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 mortgage@FirstBankAK.com 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.

Tlingit Haida Regional Housing Authority

Native American Homeownership Initiative

THRHA is working exclusively with First Bank to provide assistance to eligible home buyers with down payment and closing costs though the Financial Cent$ financial literacy program. Ask our mortgage experts for full details.

Tlingit-Haida Regional Housing Authority

Down Payment Assistance Program

Funding available for down payment assistance for Native families meeting certain income eligibility requirements.

Ketchikan Indian Community Housing Authority

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

Mortgage Assistance Program

May assist with closing costs and buy-down of the mortgage to assist qualified families. Also provides educational and counseling services to assist buyers with managing credit, family finance management, and budgeting.

Baranof Island Housing Authority

Closing Cost Assistance Program

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

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