Alaska Housing Finance Corporation (AHFC) offers loans of up to $100,000, with a repayment term of 15 years, to qualified borrowers through the Second Mortgage for Energy Conservation program. Borrowers apply to AHFC for financing to make energy improvements on owner-occupied properties. Applicants must select from the list of energy upgrades which are provided by an [http://www.ahfc.us/reference/energyraters.cfm AKWarm certified energy rater]. All improvements must be completed within 365 days of loan closing. The improvements not listed or recommended by the rater may not be included in the loan. The interest rate is the taxable program 15-year interest rate, plus 0.375. Click [http://www.ahfc.us/loans/interest_rates.cfm here] for current interest rates.