Home Loan Rates
APR is accurate as of May 22, 2013
Conventional Rates
| Type | Rate | APR * | Monthly P&I ** |
|---|
| 30 Year Fixed | 3.625% | 3.707% | $820.89 |
| 15 Year Fixed | 2.750% | 2.844% | $1,221.52 |
Alaska Housing 15 Year Fixed Rate
| Type | Rate | APR * | Monthly P&I ** |
|---|
| 1st Time Homebuyer | 2.625% | 2.768% | $1,210.84 |
| Rural Property | 2.875% | 3.019% | $1,232.25 |
Alaska Housing 30 Year Fixed Rate
| Type | Rate | APR * | Monthly P&I ** |
|---|
| 1st Time Home Buyer | 3.375% | 3.455% | $795.77 |
| Rural Property | 3.625% | 3.707% | $820.89 |
* Annual Percentage Rate (APR) assumes a 20% down payment on a loan amount of $180,000 at the stated term, in years, with a 1% origination fee. If the down payment is less than 20%, mortgage insurance may be needed which could increase the payment and APR.
** Monthly P&I represents the monthly principal and interest payment based on loan amount of $180,000 at the stated rate and term.
Rate Reduction Programs
| Interest rate reduction for low income borrowers | Up to 1% off above rates for qualified borrowers. |
| Energy efficiency rate reduction | Up to .5% off above rates for qualified borrowers. |
