CDFI
At HYFC, we are committed to helping Southeast Alaskans reach their goals as home buyers and owners. At HYFC, our services include:

Home Renovation—Renovation and repair loans assist homeowners who need to make repairs or to add a bedroom to relieve overcrowding. These loans are designed to be flexible to fit the borrower’s needs that include:

    • Up to 15-year terms
    • Loan may not exceed 80% loan to value, including 1st mortgage; $100,000 without an appraisal or $200,000 with a appraisal.
    • Proof of homeowners insurance required
    • Low interest rate, terms & rates dependent on credit score

Other Eligibility Criteria:

    • Available to Southeast Alaskan Tribes for rental properties owned by the Tribe.
    • Property must be located in Southeast Alaska.
    • Single family residence, condominiums, modular homes, or 1996 or newer mobile home.
    • Minimum 600 Credit score
    • Borrower’s are encouraged to attend THRHA home maintenance education class.
    • Renovations must comply with state laws regarding contractor licensing & minimum construction standards.

To apply for a loan, you must complete an HYFC application and provide HYFC with the following documents:

    • Last two year tax returns with all pages
    • Last two years W-2’s and/or 1099’s
    • One month of income verification( paystubs, retirement, SSA, etc.)
    • Two months of complete bank statements

Please note that loan terms and funding availability is subject to approval and may change without notice.

To learn more about our programs and services, contact our team at (907) 780-3117 or HYFC@thrha.org.