Find the Right Financing for How You Live in Alaska
First Bank is the leader in residential real estate financing. For more than 100 years, we've been helping Southeast Alaskans achieve their homeownership goals. Whether you're buying your first home, building, refinancing, or investing, our local mortgage team offers a full range of loan programs designed specifically for Alaska borrowers and properties. As the leading servicer of Alaska Housing Finance Corporation (AHFC) loans in Southeast Alaska, we're committed to providing trusted local expertise every step of the way.
Reach out today and let a First Bank Mortgage Loan Originator answer your questions!
Convenient No Cost Homebuyer Education
- Can access from anywhere any time
- Closing cost credits may apply
- Helps to understand the homebuying process
- Continued learning & support after closing
Conventional Home Loans
Flexible options for primary residences, second homes, and investment properties.
- Fixed-rate and adjustable-rate mortgages
- Low and no down payment options available
- Co-signer options
- Gifts and Gifts of Equity
- 3% down payment option
- Competitive terms for qualified borrowers
Government-Backed Home Loans
Designed to expand homeownership opportunities.
- FHA Loans - Flexible credit and down payment options
- VA Loans - No down payment options for eligible Veterans and Military members
- USDA Rural Loans - 100% financing in eligible rural areas
First-Time Buyer Solutions
Programs designed to make homeownership more accessible.
- Low and no down payment options
- Down payment and closing cost assistance
- Education resources and local program partnerships
- Includes state and local housing programs for eligible borrowers
Get Started
Reach out to a local mortgage expert to explore your options and find the program that fits your goals.
Construction & Construction-to-Permanent Loans
Finance the building of a new home with a variety of loan options.
- Energy Efficiency Rate Reductions
- Alaska Housing Construction Rebate available
- Owner-builder and licensed contractor programs
Renovation & Improvement Loans
Combine the cost of purchase or refinance with renovation expenses.
- One-time or two-time close options
- Purchase + renovation
- Refinance + renovation
- Energy-efficiency and modernization options available
ADU & Secondary Unit Loans
Finance the addition or renovation of an Accessory Dwelling Unit (ADU).
- New ADU construction
- Conversion of existing space
- Eligible with select purchase, refinance, and renovation programs
Get Started
Reach out to a local mortgage expert to explore your options and find the program that fits your goals.
Rate & Term Refinance
Lower your interest rate or adjust loan terms.
Cash-Back (Cash-Out) Refinance
Access home equity for:
- Home improvements
- Debt consolidation
- Major expenses
Streamline Refinance Programs
Simplified refinancing with reduced documentation for eligible borrowers.
- FHA Streamline Refinance
- VA IRRRL (Interest Rate Reduction Refinance Loan)
- Conventional Streamline options where applicable
Get Started
Reach out to a local mortgage expert to explore your options and find the program that fits your goals.
Investment Property Financing
Loan options for single-family and multi-unit rental properties.
- Long-term rental programs
- Select non-owner-occupied options
Select Homes
Financing for vacation or seasonal residences.
- Fixed and adjustable-rate options
- Programs tailored for Alaska properties
Get Started
Reach out to a local mortgage expert to explore your options and find the program that fits your goals.
Alaska-Specific & Community Programs
- Rural home financing
- Manufactured homes
- Community Land Trusts
Get Started
Reach out to a local mortgage expert to explore your options and find the program that fits your goals.