Home Purchase lender Alaska
Home Purchase Loans In Alaska
If you plan to purchase a property in Alaska, you have many home purchase loan options. The terms, qualifications, and interest rates of these loans differ, so it is vital to research and compare your options to choose the one that best fits your financing needs.
Alaska Home Loan Programs
Some of the most prevalent options for financing a property purchase in the Last Frontier state of Alaska are as follows:
Conventional Loans
Conventional loans are not government-backed and have more stringent qualification requirements, such as a higher credit score and a larger down payment. However, they may provide lower interest rates, higher loan amounts, and repayment term flexibility.
FHA Loans
The Federal Housing Administration backs FHA loans, created for low- to moderate income borrowers who may not qualify for a conventional loan. They require a small down payment and have less stringent credit score requirements than conventional loans.
VA Loans
The U.S. Department of Veterans Affairs guarantees VA home loans accessible to qualifying veterans, service members, and their spouses. They feature a no down payment requirement and lenient credit score standards than conventional loans.
USDA Loans
USDA loans are guaranteed by the United States Department of Agriculture and are designed to help low- to moderate-income borrowers in rural areas purchase a home. They have no down payment requirements and may have lower credit score criteria than conventional loans.
Jumbo Loans
Jumbo loans are used to finance higher-priced homes that exceed the lending limits set by the government. These frequently have more stringent qualification requirements, such as higher credit scores, significant down payments, and interest rates.
Non-Qualified Mortgage Loans
A non-qualified mortgage (non-QM) loan is a home loan that does not meet the Consumer Financial Protection Bureau’s (CFPB) requirements for qualified mortgages. These loans are intended to assist borrowers who may need help to obtain standard mortgage loans due to factors such as poor credit, high debt-to-income ratios, or inconsistent income sources.
Apply For Home Purchase Loans
If you wish to apply for a home purchase loan in the state of Alaska, you have several options. Capital Home Mortgage is a direct mortgage lender. We are committed to providing excellent customer service and are glad to assist you. Please call (907) 531-5048 to speak with one of our Home Loan Specialists.
Why Alaska 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
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
Alaska Home Purchase Loans
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
Alaska fixed rate Mortgage Loans
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.
Alaska Adjustable Rate Mortgage Loans
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.
Alaska Mortgage Programs
Alaska Home Purchase
Thinking of Buying an Alaska 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
Alaska renovation home loans
Looking to Rehab an Alaska 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
Alaska FHA Home Loans
Great for 1st Time Alaska 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
Alaska VA Home Loans
100% Financing for Alaska 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
Alaska Conventional Home Loans
Flexibility for Alaska 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
Alaska Jumbo Home Loans
Alaska 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
Alaska USDA Home Loans
100% Rural Alaska 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
Alaska Native American Home Loans
Alaska 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
Alaska Manufactured Home Loans
Great Alternative Alaska 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
Alaska reverse mortgages
Your Alaska 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
Alaska Non QM Home Loans
Making Alaska 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
Alaska One Time Close mortgages
Build Your Alaska 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
Alaska Refinance Mortgage Loans
Alaska 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
Alaska Cash-out Home mortgages
Alaska 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
