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A homebuyer that is first-time anyone who has perhaps not owned a main residence within the last few 3 years. Alaska Housing has two loans for first-time homebuyers, First Residence and First Residence Limited.
First Residence Limited provides lower interest levels to qualified first-time homebuyers whom meet maximum income restrictions and purchase price limitations.
To meet the requirements first-time homebuyers, borrowers might not have owned a residence that is primary the final 3 years unless your house is a targeted area (as defined below) or if perhaps they’ve been qualified veterans.
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