921 Wood Way, Fairbanks AK

Fairbanks Mortgage


Homeownership has many benefits

  • Increases pride in the community
  • Contributes to neighborhood safety
  • Improves the tax base
  • Provides housing for growing retail and indistry segments of the Fairbanks economy

Since 1995 FNHS has helped create over 250 new homeowners!

Getting a new home!

Full Cycle Lending

Fairbanks Neighborhood Housing Services offers:

  • home buyer education
  • loan packaging and financial assistance
  • capital for lending
  • property services
  • post-purchase education
  • outreach initiatives
  • Based upon the "full-cycle lending system, " the Fairbanks NHS Loan Program opens home ownership opportunities to first time home buyers of modest means‚many of whom never thought they would live in a home of their own. Its six parts are: home buyer education One-on-one counseling sessions, seminars, and the newly-designed home-buyers' club explain the complete home purchase process, and cover credit and budget counseling.

Loan Packaging and Financial Assistance. We offer financing for home purchase, purchase with rehab, down payment and closing costs assistance.

Capital for Lending. Loan program staff tailor loans to fit an individual's needs by offering tandem loans that incorporate both first and second mortgages. The lower interest rate on the second mortgage subsidizes the market rate charged on the first mortgage.

Post-Purchase Education. We have formal policies and procedures in place for delinquency intervention and foreclosure prevention such as face-to-face budget counseling and restructured payment plans. When a borrower's account is in arrears. When they must, Fairbanks NHS-loan program staff implement these measures with a caring and humane attitude.

Outreach Initiatives. Fairbanks NHS targets prospective home buyers through workshops and mailings, partners with other social service agencies, and publicizes specialized loan products. These efforts enable us to increase home ownership rates among traditionally underrepresented groups.



Share this article





Related Posts


Best mortgage rates UK
Best mortgage rates UK

Latest Posts
Low interest rate home Loans
Low interest…
Points, also known as “discount points…
Best Fixed rates remortgage Deals
Best Fixed rates…
The AA’s home loans will be fixed for…
Types of Home Loans Available
Types of Home…
Financing a home with a credit card is…
Government Assistance with mortgage
Government Assistance…
Risky Business: Government Mortgage Insurance…
Shop mortgage rates
Shop mortgage…
No. 3: Decide how long you ll keep the…
Search
Featured posts
  • Cheapest mortgage interest rates
  • Best mortgage rates UK
  • 30 Year Conforming Mortgage Rates
  • Interest rates on 10 year fixed mortgage
  • Programs that help you buy a house
  • Lowest interest rate for mortgage loan
  • Best interest only mortgage rates
  • Lower interest rate mortgage
  • US mortgage interest rates
Copyright © 2017 l needmortgagebroker.com. All rights reserved.