Capital Home Mortgage Anchorage

Anchorage Conventional Home Loans

Conventional Mortgage Lender Anchorage Alaska

Conventional Home Loans in Anchorage Alaska

A home can be bought or refinanced using conventional loans, commonly referred to as conforming loans. Mortgages that adhere to the standards set by Fannie Mae and Freddie Mac are referred to as “conforming loans” and are purchased from lenders before being sold to investors by government-backed companies. This implies that lenders can offer qualified purchasers more money.  Although conventional loans are more expensive than FHA loans, they are more difficult to be qualified for. Many mortgage lenders provide conventional mortgages, which are utilized for a significant portion of property purchases and refinances.

They are the most typical type of mortgage, and private lenders must abide by the restrictions established by Freddie Mac and Fannie Mae.

Types of conventional loans
Conforming loans are those that adhere to the regulations.
Mortgages classified as conforming loans adhere to the FHFA’s guidelines as well as those of Fannie Mae and Freddie Mac. Loans must adhere to the regulations in order to be sold to Fannie Mae and Freddie Mac. Long term, this increases the market’s liquidity and stability.

Although conventional loans are all conforming loans, conforming loans are not the same as conventional loans. You require a FICO score of at least 620 to be approved for a conventional loan. Between three and five percent of the item’s cost must be paid. Private mortgage insurance must be financed if the borrower contributes 20% of the total loan amount (PMI).

Unconformity of loans to the rules
Home loans that violate the guidelines established by Fannie Mae and Freddie Mac, two government-backed corporations that invest in mortgage loans, are referred to as non-conforming loans. The Federal Housing Finance Agency is responsible for establishing these criteria (FHFA). Jumbo loans that exceed the conforming loan limit are classified as non-conforming loans.

An FHA mortgage
A loan that is backed by the Federal Housing Administration is known as an FHA loan (FHA). The Federal Housing Administration is managed by the government’s Department of Housing and Urban Development (HUD). FHA loans are intended to assist those with low and moderate incomes in obtaining a mortgage.

One of the best features of an FHA loan is that it allows borrowers with credit scores of at least 580 to put as little as 3.5% down. Additionally, FHA loans frequently have lower closing costs than conventional loans do.

Lenders must comply with the agency’s regulations in order to be eligible for an FHA loan. The FHA guarantees the loan once it has been granted in order to safeguard the lender in the event that the borrower defaults on the loan.

VA Mortgages
Private lenders like banks and mortgage companies offer VA home loans, but the U.S. Department of Veterans Affairs backs them (VA). The VA will cover a portion of the debt if the borrower defaults.

Service members, Veterans, and surviving spouses who satisfy specific criteria can apply for VA home loans to help them buy a home. The program provides home loan guarantees and other housing-related services to assist borrowers in purchasing, constructing, maintaining, or making changes to a property for their personal use.

The terms of a VA home loan are typically preferable than those of a loan from a private lender. If a potential borrower has a Certificate of Eligibility (COE) and satisfies the income and credit standards, they may apply for a VA home loan.

USDA-backed mortgage loans
A loan that is insured by the U.S. Department of Agriculture and doesn’t require a down payment is known as a USDA loan, sometimes known as a USDA loan or a Rural Development loan (USDA). These government-backed loans can be used to purchase, construct, repair, or refinance real estate. They are designed for individuals and families with low to moderate incomes who reside in rural areas of the nation.

A property must be located in an eligible rural area and the borrower’s income must be sufficient to qualify for a USDA loan. Only lenders that have been authorized by the USDA may offer USDA loans.

Large Loans
Jumbo mortgages, also known as non-conforming loans, are loans that are larger than what Freddie Mac and Fannie Mae will accept. These government-backed businesses purchase and package the majority of American house loans before offering them to investors.

A jumbo mortgage can be obtained for your primary residence, a secondary residence or vacation home, or an investment property. They have various conditions, such as fixed-rate and adjustable-rate loans. Both a low debt-to-income ratio and a high credit score are requirements for borrowers. Jumbo loans, which are larger than standard mortgages, typically have higher interest rates and stricter underwriting guidelines. They frequently demand larger down payments as well.

Obtain a conventional loan
The process of purchasing a home can be complicated, but Capital Home Mortgage can make it as simple and enjoyable as possible. We are a full-service mortgage firm with a vast selection of mortgage options and a commitment to giving our clients the best support in the business.

To speak with a home loan specialist and begin the process of becoming a homeowner, Contact us at (907) 531-5048. 

Why Anchorage HomeBuyers are Choosing Capital Home mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates and Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Anchorage Alaska Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Conventional Purchase Loans anchorage Alaska

Conventional Purchase Mortgage Lender

Conventional Purchase Loans are one of the most popular types of loans and a great choice for many home buyers. Conventional mortgages can be used to purchase any type of occupancy, while FHA, USDA, VA and Native American Loans are restricted to primary residence only. Conventional mortgages are great for borrowers that have higher credit scores and typically have easier qualifying.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Fleixble Terms
  • Maximum Loan Amount – $715,000
  • High Balance (Varies By County)

Conventional Refinance Loans ANCHORAGE Alaska

Conventional Refinance Mortgage Lender

Conventional Refinance Loans are used for more refinances than any other type of mortgage loan.   This is due to Conventional loans allowing for all occupancy and property types and typically don’t require any mortgage insurance due to loan to value requirements. Conventional mortgages due require higher credit scores but offer better rates.  

  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Fleixble Terms
  • Maximum Loan Amount – $715,000
  • High Balance (Varies By County)

Conventional Renovation Loans ANCHORAGE Alaska

Conventional Renovation Mortgage Loans

Want a new home? Don’t want to purchase a home from a builder?  Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town.  Making your dream home come true might just be updating that older home. 

  • 95% LTV Primary  Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $715,000
  • High Balance (Varies By County)
Anchorage Mortgage Programs

Anchorage Home Purchase

Thinking of Buying an Anchorage Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Anchorage renovation home loans

Looking to Rehab an Anchorage Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Anchorage FHA Home Loans

Great for 1st Time Anchorage Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Anchorage VA Home Loans

100% Financing for Anchorage Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Anchorage Conventional Home Loans

Flexibility for Anchorage Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Anchorage Jumbo Home Loans

Anchorage Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Anchorage USDA Home Loans

100% Rural Anchorage Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Anchorage Native American Home Loans

Anchorage HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Anchorage Manufactured Home Loans

Great Alternative Anchorage Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Anchorage reverse mortgages

Your Anchorage Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Anchorage Non QM Home Loans

Making Anchorage Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Anchorage One Time Close mortgages

Build Your Anchorage Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Anchorage Refinance Mortgage Loans

Anchorage Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Anchorage Cash-out Home mortgages

Anchorage Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Anchorage Alaska Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

Anchorage Mortgage Company Reviews

Alaska Cities

Anchorage Home Loans

Fairbanks Home Loans

Juneau Home Loans

Accessibility Toolbar