AHFC Veterans Mortgage Program
1% interest rate reduction on the first $50,000 of a home loan through the Alaska Housing Finance Corporation.
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Apply directly through the official Alaska agency.
About this benefit
Eligibility
Active duty completed initial obligation, or discharged/released under conditions other than dishonorable. Served in U.S. armed forces, reserves, Public Health Service, NOAA, or as a cadet at a military academy. Must close within 25 years of discharge date. For owner-occupied single-family residence. Veterans must meet AHFC "State Vet" income limits to qualify for the rate reduction.
Covers
1% interest rate reduction on the first $50,000 of the loan amount. Fixed interest rate. The rate preference cannot be combined with the AHFC Veterans Mortgage Program itself; it may be combined with a VA loan guarantee or PMI on AHFC programs other than the Veterans Mortgage Program.
Estimated value
Over a 30-year loan, a 1% reduction on $50,000 could save roughly $10,000-$15,000 in interest.
Verified against official source
Last checked 2026-05-06 against www.ahfc.us. Always confirm current rates and rules with the Alaska state agency before applying.
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