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Assistance program · Alaska

Closing Cost Assistance Program (CCAP)

Alaska state authority help of 3% or 4% of the loan, paid at closing and not repaid, for the down payment, closing costs or to reduce the principal; with 30-year fixed-rate FHA, VA or USDA mortgages

Find a participating lender See the official page
WhatsApp
Kind of help
Grant
Grant you never repay
First-time buyer?
Not stated — ask
The source does not say whether you must be a first-time buyer
Minimum credit score
640
The minimum the source asks for; a lender may ask for more.
Checked
November 5, 2026
Against the program's official page.

Type of help

What it is

  • Grant you never repay

What it gives

Source text

Funds are provided for transactional costs and may be used for down payment, closing costs (including reserves) and/or principal reduction. … FHA Loans … credit scores at 640 through 659 – 3% assistance … credit scores 660 and above with automated approval – 4% assistance … VA or USDA/RD loans – 4% assistance

A summary of what the program publishes; not a loan offer or advice. Amounts, limits and funding change without notice.

At a glance

Who qualifies

Each answer comes from the program's page. "Not stated — ask" means its page doesn't make it clear: ask before you apply.

Source text

Eligible loan types include FHA, VA or USDA-RHS. … borrower is an Alaska resident … property is owner-occupied primary residence … minimum credit score 640 … maximum total debt-to-income ratio of 45% … 30 years, fixed rate … purchase transaction (refinance is not eligible under the program)
  • First-time buyers only Not stated — ask
  • Homebuyer course required Not stated — ask
  • Minimum credit score 640
  • Income limit The source does not mention one
  • Price limit Per the program table
  • Mortgages it works with FHA, VA, USDA
  • Immigration requirement Not stated — ask
  • Accepts ITIN? Not stated — ask
  • Spanish materials Not stated — ask
  • Program status The source does not say whether it is open — ask
  • Where it applies All of Alaska

What its page says about being open

Its page does not say whether the program is open or has funds. Ask the lender or the agency before counting on it. Read on the official page on November 5, 2026.

Your area in numbers

What buying costs in Alaska

The program covers all of Alaska. The first column is Alaska's figure; the second runs from the lowest to the highest among its counties. Limits change by county: check yours.

The typical home value ($352,900) fits within Alaska's FHA limit ($541,287).

Figure AlaskaLowest to highest Source
Typical home value $352,900$84,300 (Kusilvak Census Area) to $450,300 (Sitka City and Borough) U.S. Census Bureau
FHA limit (one-unit home) $541,287$541,287 (Aleutians East Borough) to $596,850 (Juneau City and Borough) HUD
Conforming limit (one-unit home) $1,249,125$1,249,125 in all 30 counties FHFA
HUD low income (80%), household of 4 $91,350$84,700 (Aleutians East Borough) to $106,800 (Juneau City and Borough) HUD

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024) · FHA mortgage limits (HUD) (2026 data) · Conforming loan limits (FHFA) (2026 data) · Income Limits (HUD) (Fiscal year 2026)

Step by step

How to use it, step by step

Each step comes from what the program's page says. What its page leaves out is further down, in the questions.

Find a participating lender

  1. Ask first whether it is open

    Its page does not say whether it is open or still has funds. That is the first thing to ask.

  2. Pick a mortgage it works with

    According to its page, the help is used together with a FHA, VA and USDA loan. Each loan type has its own requirements.

  3. Check your score: the published minimum is 640

    That is the program's minimum; the lender may ask for more. If you are short, a housing counselor can explain how to raise it.

  4. Apply

    Find a participating lender: state programs do not take applications directly; the lender reserves the assistance while processing your mortgage.

  5. Compare the total cost before you sign

    Ask about the total cost. The mortgage with assistance may carry a higher rate than without it, and some programs charge for the course or a fee.

Before you call

What to ask

Its page leaves 9 points unclear. Write them down for when you talk to Alaska Housing Finance Corporation.

What its page does not say

  • Is it open now, and does it still have funds?
  • What is the most it gives, and how is it calculated?
  • Is it only for first-time buyers?
  • Do you require a homebuyer course? Which ones do you accept, and what do they cost?
  • Is there an income limit for my household?
  • Is there a maximum price for the home?
  • Which immigration status or residency documents do you ask for?
  • Do you accept an ITIN?
  • Do you have materials or staff in Spanish?

Worth asking for this kind of help

  • Is there any case in which the grant has to be paid back?

Sources

How we checked this program

We read the program's official pages on November 5, 2026 and copied their text as it appears on them. We add no amounts or requirements those pages do not state, and a program is listed as open or closed only when its page says so.

We check every program again. If more than 180 days pass without a check, the page says so.

A grandmother smiles, seated at home.

Get free help applying

A HUD-approved housing counselor explains the program's requirements, goes over your numbers and tells you what to ask the lender. They do not sell loans.

Find a counselor (HUD)

Read before you apply

Your county

Price and income limits depend on the county. Your county page has the typical value, the FHA limit and the counseling agencies that can walk you through the application.

Programs across the country

Run the numbers before you apply