Many Alaskans believe they are not able to pursue homeownership for various reasons. Challenges may include credit issues, low income or uncertainty regarding the actual purchasing process. Helping families become homeowners is the cornerstone of Cook Inlet Housing Authority’s (CIHA) efforts.
Opening doors to homeownership
CIHA strives to ensure that you are successful from the day you apply through the day you set foot in your new home. If you don’t know where to start, CIHA can recommend homebuyer education classes, counseling and other resources to help you with credit repair, debt consolidation, budgeting, loan advice and the actual purchasing process.
A brand new home
CIHA is building quality, craftsman-style three- and four-bedroom single family homes in Anchorage’s Mountain View neighborhood. Homes range in size from 1477 to 1529 square feet and feature two+ bathrooms, a two-car garage, a front porch, radiant in floor heat and a fenced and landscaped yard. These homes promise to be some of the most attractive, well-built and unique smaller homes anywhere in Alaska.
Making it affordable
The financing package on these homes – which combines grants, very-low interest loans as well as a standard first mortgage – results in monthly mortgage payments that are likely similar to, or perhaps less than, what you are currently paying your landlord in rent.
Let CIHA and Cook Inlet Lending Center help you realize the benefits of homeownership. If you earn less than $76,000 per year, depending on your family size, you may qualify. Minimum income limits may also apply.
If you are interested in learning more about the homes, please contact Carole Marvel at Cook Inlet Real Estate Services, a CIHA affiliate and a Re/Max Properties, Inc. Branch Office at (907) 793-3059. To find out more about the finance options for these homes, contact Cook Inlet Lending Center at 793- 3058. Or visit our website at www.cookinlethousing.org.