Capital Home Mortgage Anchorage

Anchorage home purchase loans

Home Purchase lender Anchorage Alaska

Purchase Home Loans Anchorage Alaska

Capital Property Mortgage is available to assist you if you’re wanting to purchase a home in the Evergreen State. Homebuyers can choose the mortgage program that best fits their budget and level of financial responsibility because we provide a variety of mortgage packages. The ideal lending choice can be found with the assistance of our mortgage specialists in Washington.

Conventional-conforming Home Purchase Loan Programs in Washington

The most popular type of house loan in the nation is a conventional conforming loan. A potential home buyer should be qualified for a conventional loan if they have a sizeable cash reserve and good credit. Good credit qualifies individuals for cheaper interest rates. If you want to avoid paying mortgage insurance, you must put down 20% of the total loan amount.

FHA Mortgages

A mortgage that is insured by the government is known as a Federal Housing Administration loan (FHA). These loans are insured by the FHA to protect lenders from possible financial risk. In order for a lender’s loan to be backed by the FHA in the event that a borrower fails on the mortgage, the lender must adhere to certain criteria set forth by the FHA.

The most often used type of FHA loan across the nation is the 203(b) loan program. The best candidates for FHA mortgages are borrowers who are unable to meet the strict requirements of conventional loans. FHA loans may be available to homebuyers with poor credit and low incomes.

The fact that an FHA loan demands a lower down payment is one of its main benefits. Less than a 3.5% down payment is required for financing a home with an FHA loan. A lot of first-time home buyers use FHA loans. However, it should be noted that those applying for an FHA loan must pay a mortgage insurance premium (MIP). When a borrower defaults, this insurance shields the lender.

VA Mortgages

Veterans, active duty personnel, and their surviving spouses may apply for VA home loans. They are provided by private lenders like banks and mortgage companies, and the Department of Veterans Affairs (VA) ensures repayment (VA). Lenders are able to provide borrowers with better terms, like lower interest rates and no down payment needs, thanks to this assurance.

Although a VA mortgage is a particular type of home loan, getting one is similar to getting any other form of mortgage. To get pre-approved, you’ll engage with a qualified lender. After getting pre-approved, you can start looking at houses, put in an offer, go through the appraisal and underwriting procedures, and then close the deal.

Loans Guaranteed by the USDA

A mortgage that is insured by the US Department of Agriculture is known as a USDA-guaranteed loan (USDA). These loans are meant to assist low-income rural residents in achieving their dream of home ownership. No down payment is required for those who qualify because the USDA provides a 90% loan note guarantee to authorized lenders, reducing the risk of granting 100% loans to qualified rural households.

As part of the USDA Rural Development program, which aims to promote home ownership in rural areas, the USDA makes or guarantees these loans.

To be eligible for a loan that is guaranteed by the USDA, borrowers must make no more than 115% of the area’s median income. To be eligible for financing, the subject property must also be situated inside the USDA-eligible region map.

Loans for home renovation

Repairs, renovations, extensions, and upgrades are financed with a home renovation loan. These loans could be personal loans or mortgages with built-in rehabilitation money. Many home improvement projects, such as remodeling a kitchen or bathroom, finishing a basement, or adding a second storey to a house, can be financed with a home renovation loan. The type of loan and its terms will be determined by the borrower’s requirements and creditworthiness. For instance, there are various terms and fixed or variable interest rates for loans for renovations.

Loans for home improvements come in a variety of forms. The FHA 203(k) loan is the one that is most widely used. There are also the HomeStyle Renovation Loan from Fannie Mae and the Choice Renovation Loan program from Freddie Mac.

Mortgage Loans That Are Not Qualified

A non-qualified mortgage (non-QM), as defined by the Consumer Financial Protection Bureau’s (CFPB) Qualified Mortgage rule, is a specific category of house loan that does not meet the standard documentation requirements. Non-QM loans may therefore have different features, such as longer loan terms, negative amortization, and softer eligibility standards.

House buyers who don’t match the strict conditions of a qualifying mortgage are expected to benefit from non-QM loans. A non-QM loan might be a better option for you if you are self-employed or do not have a traditional source of income because you might not be able to qualify for a qualifying mortgage. Non-QM loans make it possible for borrowers to get a house loan even if they wouldn’t normally be eligible for one. If your credit score is low, your debt-to-income ratio is high, or your income fluctuates significantly enough that a conventional mortgage is not an option for you, a non-QM loan might be appropriate.

Application for Alaska Home Purchase Loan

There are various options available to you if you wish to apply for a house purchase loan in the state of Alaska. An Alaska-based direct mortgage lender is called Capital Home Mortgage. We are dedicated to provide outstanding customer service and are eager to help you. In order to speak with one of our loan professionals, please dial (907) 531-5048.

Why Anchorage HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer 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

Home Purchase Loans ANCHORAGE Alaska

Looking to Purchase a Home? We have the loan 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

fixed rate Mortgage Loans Anchorage Alaska

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Adjustable Rate Mortgage Loans ANCHORAGE Alaska

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

Anchorage Mortgage Programs

Anchorage Home Purchase

Thinking of Buying an Anchorage Home?

Looking to Purchase a Home? We have the loan 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?

What 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

Kathy Rubin

Sr Loan Officer
NMLS 204449

Damon Embler

Sr Loan Officer
NMLS 882260

Matt Williams

Sr Loan Officer
NMLS 1945867

Dale Gremillion

NMLS 210325

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