Alaska Mortgage Rates & Home Loan Information

Rustic home with metal roof.

ForTheBestRate.com offers Alaska home loan information to home buyers and homeowners throughout the ”Last Frontier,” including the cities of Anchorage, Juneau, and Fairbanks. Alaska is truly one of the most beautiful states in the country – from its sparkling glaciers to its abundant wildlife and much more.

Make your dreams of owing a home in this pristine state a reality by using ForTheBestRate.com to connect with Alaska mortgage lenders and brokers. Our easy-to-use platform makes comparing mortgage rates from various lenders simple. Get started by using the mortgage rate table below.

How the rate tables on ForTheBestRate.com work

Everday we receive interest rate information from a third party provider. The mortgage rates, closing costs, and APR information provided in the table is submitted directly by the various mortgage lenders, brokers and banks. We are not responsible for the accuracy of the rates supplied by the financial institutions. Rates may vary for multiple reasons such as the type of properties being financed (i.e. stick built homes, condominiums, manufactured homes, etc), how the owners plan to occupy the property (i.e. owner occupied, second home, or investment property), or multiple of other reasons. You can use the product dropdown tool to navigate between various fixed rate (30,20,15, and 10 year) and adjustable rate solutions (3/1, 5/1, and 7/1 ARMs). You can also view jumbo mortgage rates by entering in a non-conforming loan amount in the relevant field in the survey. We encourage you to speak with multiple mortgage companies directly to verify whether or not you may qualify for the listed pricing.

Whether you are looking to finance a condo in downtown Anchorage, a single family home in the port city of Ketchikan, an investment property near the University of Alaska in Fairbanks, or any other corner of this grand state, ForTheBestRate.com offers you a platform to research the right Alaska mortgage product to meet your home financing needs.

Additional Alaska Home Financing Resources

Need some help in your Alaska home financing quest? Here are some good resources to get you started:

Alaska Mortgage Bankers Association
Website: http://www.akmba.org/
Phone: 888-553-0500
PO Box 9-2691
Anchorage, AK 99509-2691

Association of Alaska Housing Authorities
Website: http://www.aahaak.org/
4300 Boniface Parkway Anchorage AK 99504
907-338-3970

Alaska Housing Finance Corp
Website: http://www.ahfc.state.ak.us/
4300 Boniface Parkway Anchorage AK 99504
800-478-2432

Fairbanks Neighborhood Housing Services
Website: http://www.fnhs.org/
534 10th Ave Fairbanks, AK 99701
907-451-7230

Types of Fixed Rate Mortgages Posted in the Rate Tables and Why to Consider Each One

  • 30 Year Home Loans – Most popular option in today’s marketplace. Loan is amortized over the course of 30 years (360 months) which keeps monthly principal and interest payments lower than shorter term fixed rate solutions. Interest paid over the life of the loan will be considerably higher than 10, 15, and 20 year financing products.
  • 20 Year Home Loans – Repayment is made over 20 years (240 months). Can be a good option for people who are worried about committing to the higher payments associated with 15 year mortgages but do not want to take on the longer repayment period and higher interest of a 30 year home loan.
  • 15 Year Home Loans – Second most popular fixed rate product after 30 year financing. Repaid over 15 years (180 months). Note rates are usually lower than what a home buyer or homeowner would get with a 30 or 20 year mortgage. On the flipside, monthly payments are higher as the repayment period is cut in half. Interest savings can be significant when measured against longer term fixed rate products.
  • 10 Year Home LoansShortest fixed rate mortgage program advertised in the rate tables. For those who can afford higher monthly payments, 10 year fixed rate financing can lead to considerable interest savings versus 30, 20, and 15 year home loans.

About Alaska

Alaskan stream at dusk.

Known as the “Last Frontier,” the state of Alaska is characterized by its wild, lush landscape and its friendly locals. People travel from all over to visit Alaska, and with good reason. In the winter, enjoy dog sled races and the Northern Lights. In summertime, take a sightseeing tour through one of the states many gorgeous parks or gardens. If you’re lucky enough to be relocating to this beautiful state, you’ll be glad to know that Alaska has a surprisingly diverse economy. Aside from the obvious tourism and fishing industries, Alaska is also home to several major medical care facilities, energy corporations and retail. As for the cost of living, Alaska’s is notably higher than the other mainland states; however, as commercialism began to grow in the major cities and more of the “big box” stores popped up, access to goods became easier, which lowered the prices of many day to day purchases.

If you are considering relocating to Alaska, we wish you the best of luck and we hope that you can save some money on your home financing using the tools and resources on ForTheBestRate.com. Please let us know if there is anything else you’d like see added to this page down the road.