Mortgage Lender Fairbanks Alaska

Home Loans In Fairbanks, Alaska 

Welcome to Capital Home Mortgage Fairbanks. Fairbanks is Alaska’s second-largest city and the coldest area in the Interior region of the state. The city is famous for its midnight sun and breathtaking view of the aurora borealis.

While living in such a chilly yet nature-filled space is not for everyone, the housing market in Fairbanks, AL, has been relatively active. Homeownership is on the rise, especially with the recently awarded $3.1 million HTF allocation to the State of Alaska. With this fund, Fairbanks and other cities in Alaska will become more attractive for low-cost housing.

Are you shopping for houses in Fairbanks? First, you need to know how to finance it. For many people, home loans are the way to go. Mortgages help them buy houses without paying a large sum of cash right away. 

How Do You Qualify For A Mortgage In Fairbanks?

Since mortgages involve ample funding from the lender’s side, it’s part of their due diligence to look at different factors about you as the borrower. Other factors play a role in the approval or rejection of your application. 

Moreover, approval doesn’t automatically mean that you have favorable records. Sometimes, lenders may accept one or two deviations from the usual requirements but compensate for the risk with higher interest rates or increased down payments. When talking to a mortgage lender in Fairbanks, Alabama, consider these factors. 

Income and Employment

Stable employment is a plus point to lenders. They can assess if you can sustain payments for the loan term duration by providing them proof of employment. Your income-generating capacity is considered side-by-side. 

During underwriting, loan underwriters will rationalize your income capacity with the loan amount. Lenders want to know if you have enough income to cover your mortgage payments. More so, they want to know if this stream of income is stable or fluctuating.

Current Debts

Existing debts may or may not hurt your mortgage application, but outstanding debts will make lenders hesitant to extend financing to you. Lenders will look at your debt-to-income ratio to determine if you’re within the healthy DTI range of 36% to 43%.

Asset Reserves

Lenders may require a borrower to have a certain amount of reserves to qualify for a mortgage. These include cash and savings in banks, retirement accounts, real properties owned, and investments. Lenders are more comfortable with a borrower with significant asset reserves because they know that there are enough assets to cover in case of default.

Negative Financial Records

Poor utilization of credit cards, defaults, bankruptcies, and foreclosures make lenders think twice. However, having negative financial records is not a final judgment. Lenders will weigh in every factor but expect not to turn a blind eye to this.

Fairbanks, Alaska Home Loans

A mortgage application is a long process, and its success depends on so many factors. However, we do things differently here at Capital Home Mortgage Fairbanks. 

As a direct mortgage lender, we handle all aspects of the loan process. This allows us to accommodate many home loan requests and provide competitive rates

With our flexible processing and underwriting policies, we can provide quicker processing times and on-timer approvals for home loans in Fairbanks. 

Get A Home Loan In Fairbanks

Get the funding you need for your dream home in Fairbanks, Alaska, with Capital Home Mortgage. Contact us at (907) 531-5048 for a no-obligation quote and connect with our experienced loan officers

Why Fairbanks HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

Fairbanks 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 mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Fairbanks Mortgage Programs

Fairbanks Home Purchase

Thinking of Buying a Fairbanks 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

Fairbanks renovation home loans

Looking to Rehab a Fairbanks 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

Fairbanks FHA Home Loans

Great for 1st Time Fairbanks 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

Fairbanks VA Home Loans

100% Financing for Fairbanks 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

Fairbanks Conventional Home Loans

Flexibility for Fairbanks 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

Fairbanks Jumbo Home Loans

Fairbanks 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

Fairbanks USDA Home Loans

100% Rural Fairbanks 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

Fairbanks Native American Home Loans

Fairbanks 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

Fairbanks Manufactured Home Loans

Great Alternative Fairbanks Housing

Fairbanks reverse mortgages

Your Fairbanks 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

Fairbanks Non QM Home Loans

Making Fairbanks 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

Fairbanks One Time Close mortgages

Build Your Fairbanks 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

Fairbanks Refinance Mortgage Loans

Fairbanks 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

Fairbanks Cash-out Home mortgages

Fairbanks 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

Fairbanks Alaska Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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