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HomeStart Grant

Home$tart Grant

What Is The Home$tart Grant?

Home$tart is a $7,500 grant that can be used for your down payment, closing costs, and prepaid expenses of your home purchase! 

  • Eligibility

  • Income Limits

  • Process

Am I Eligible?

  • Must be a first time home-buyer
  • Borrower must owner occupy for 5 years
  • Limited to 1-4 unit properties
  • Must be below 80% AMI- Income Limits subject to change (See Income Limits tab)
  • Must receive Home Buyers Education
  • Limited to one grant per household

Current Home$tart Grant Income Limits

The income limits are posted and will become effective for all applications received beginning on or after May 1st,  2022. Applications and income eligibility that have already been issued are not affected by this change.  Moving forward from May 1st, the Cook Inlet Lending Center will follow the new income guidelines posted below. Income limits are subject to change and may vary per borough.

Alaska

Homestart NAHI Alaska 2023

Anchorage

Homestart NAHI Anchorage 2023

What are the steps?

Cook Inlet Lending Center will help you to determine if you are eligible for the Home$tart program.  Our Office Coordinator will help guide you through the process and help you understand the requirements.  Please fill out the grants application and FHLB questionnaire to start the process. Email all applications and required documents to psanculi2@cookinletlending.com If you have any questions please contact our main office by phone 907.793.3058

Questionaire
Application

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CONNECT WITH US

info@cookinletlending.com

3600 Spenard Road, Suite 100
Anchorage, Ak 99503

907.793.3058

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