Come in and get acquainted with our programs!
For more information, email firstname.lastname@example.org
|Our low interest loan program provides
housing improvements to seniors and others on a fixed income.
Programs and Services
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: Based upon the "full-cycle lending system," the Fairbanks NHS
Loan Program opens home ownership opportunities to first time home
buyers of modest means‚many of whom never thought they would live
in a home of their own. Its six parts are: home buyer education One-on-one
counseling sessions, seminars, and the newly-designed home-buyers'
club explain the complete home purchase process, and cover credit
and budget counseling.
Loan Packaging and
Financial Assistance. We offer financing for home
purchase, purchase with rehab, down payment and closing costs assistance.
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 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.
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.