Lending Program

Come in and get acquainted with our programs!

For more information, email loans@fnhs.org

Our low interest loan program provides housing improvements to seniors and others on a fixed income.

Programs and Services

• Homebuyer Counseling and Education
• Post-Purchase Education
• Property Services
• Home Purchasing / Rehab Lending
• Community Beautification
• Affordable Rental Housing

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:

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

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. We also provide low-interest rehab financing such as the "5-5-5 loan."

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.