Capital Home Mortgage Fairbanks

Fairbanks home purchase loans

Home Purchase lender Fairbanks Alaska

Purchase Home Loans in Fairbanks, Alaska

Capital Property Mortgage Alaska can assist you if you want to purchase a home in  Fairbanks. 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 Fairbanks.

Purchase Loan Programs in Fairbanks

There are several home loan programs available for Fairbanks home buyers. The most prevalent among them are the following:

  • Conventional-Conforming Loan

The nation’s most popular type of home loan 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 lower interest rates. You must put down 20% of the total loan amount to avoid paying mortgage insurance.

  • FHA Mortgages

A mortgage that the government insures is known as a Federal Housing Administration (FHA) loan. The FHA insures these loans to protect lenders from possible financial risk. For a loan to be backed by the FHA, if the borrower fails on the mortgage, the lender must adhere to the 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 cannot meet the strict requirements of conventional loans. FHA loans may be available to homebuyers with poor credit and low incomes.

One of its main benefits is that an FHA loan demands a lower down payment. 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. Thanks to this assurance, lenders can provide borrowers with better terms, like lower interest rates and no down payment needs,

Although a VA mortgage is a particular type of home loan, getting one is similar to any other form. 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.

  • USDA-Guaranteed Loans

The US Department of Agriculture insures a mortgage known as a USDA-guaranteed loan. These loans are meant to assist low-income rural residents in achieving their dream of home ownership. No down payment is required for qualified people because the USDA provides a 90% loan note guarantee to authorized lenders, reducing the risk of granting 100% loans to eligible 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 guaranteed by the USDA, borrowers must make no more than 115% of the area’s median income. The subject property must also be situated inside the USDA-eligible region map. To be eligible for financing

  • Renovation Home Loans

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 story to a house, can be financed with a home renovation loan. The borrower’s requirements and creditworthiness will determine the type of loan and its terms. 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 most widely used. There are also the HomeStyle Renovation Loan from Fannie Mae and the Choice Renovation Loan program from Freddie Mac.

  • Non-Qualified Mortgage Loans

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 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 qualify for a qualifying mortgage. Non-QM loans allow borrowers to get a house loan even if they aren’t usually eligible. 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, a non-QM loan might be appropriate.

Apply for Fairbanks, Alaska Home Purchase Loan

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

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 Mortgage 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

Home Purchase Loans Fairbanks Alaska

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

Fixed rate Mortgage Loans Fairbanks 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 FAIRBANKS 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.

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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