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 & Low Fees
Exceptional Service
7 Day a Week Support Application to Final Payment
Alaska Purchase Mortgage Rates
Alaska Home Purchase Loans
- 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 loans
Looking to Purchase an Alaska Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Alaska Renovation Home Loans
Looking to Rehab an Alaska Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
Alaska FHA Home loans
Great 1st Time Alaska Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
Alaska va Home Loans
100% Financing for Alaska Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Alaska Conventional Home loans
Flexibility for Alaska Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Alaska Jumbo Home Loans
Alaska Non-Confirming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
Alaska USDA Home loans
100% Rural Alaska Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Alaska Native american Home Loans
Alaska Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Alaska Manufactured Home loans
Great Alternative Alaska Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Alaska Reverse Mortgage Loans
Your Alaska Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Alaska Non QM Home loans
Making Alaska Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
Alaska One Time Close Home Loans
Build Your Alaska Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Alaska Refinance Mortgage loans
Alaska Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Alaska Cashout Mortgage Loans
Alaska Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
