For nearly 100 years, we’ve been helping people make Southeast Alaska their home. And that continues to this day — whether you want to purchase, refinance, or build.


Home loan rates

Key Features

  • Competitive Rates
  • Free Pre-Approval
  • Refinancing Available
  • Competitive rates for home purchase, refinance, or construction 
  • Available for primary residence, second homes, vacation homes, or investment properties
  • A wide range of terms customized to your unique situation 
  • Variety of financing programs available
  • Low mortgage rates
  • Affordable payments
  • No application fee
  • Pre-approval available
  • Refinancing options
  • View mortgage activity through online banking
  • Local underwriting and processing
  • Commitment to personal service

All our mortgages are serviced right here in Alaska. This means that when you have a question about your annual taxes and property insurance, or want to refinance your mortgage, our local loan expert will be ready and willing to help.

We also service all of our investor mortgages right here in southeast Alaska — for the entire life of your loan.

With a customized mortgage from First Bank, you can get your dream home without having a nightmare of a monthly payment. Our loan representatives will tailor a loan to fit your needs — call (888) 851-5851 or email [email protected] today.

Please note: Some programs are not included in all areas. Some restrictions may apply.


Mortgage Relief - Alaska Housing Finance Corporation

If you’re struggling with your mortgage, Alaska Housing Finance Corporation (AHFC) has programs and resources that can help. 

Sign up to receive their announcements regarding any future homeowner relief funds, eligibility, and application process.  

Standard Fixed-Rate Home Loans

  • Fixed rate of interest for the life of the loan
  • A variety of loan terms are available 

FHA Loans

  • Allows borrowers to put down as little as 3.5% for a 1- 4 family homes
  • Closing costs and down payment may be gift funds
  • No income limits apply 

VA Loans

  • No down payment
  • No PMI (Private Mortgage Insurance
  • Low, competitive interest rates 

Purchase Renovation Mortgages

  • Allows borrowers to finance up to $50,000 in home improvements when purchasing their new home 

HUD 184 Loans

  • This loan program is available to member of federally recognized tribes. Eligible borrowers include American Indians and Alaskan Natives
  • Low down payment of only 2.25%
  • No income limits, increased loan amounts for 1-4 family homes
  • No limit on gifts to the borrower to assist with down payment or closing costs
  • Can be combined with any of the interest rate reduction programs available through Alaska Housing Finance Corporation 

RD Guarantee 100% Financing

  • Allows borrowers in rural areas to finance the entire purchase price of the house and some closing costs — up to 100% of the appraised value of the home
  • Income limits do apply
  • This program can be combined with any of the interest rate reduction programs available through Alaska Housing Finance Corporation 

Rural Owner-Occupied Mortgages

  • Available with Alaska Housing Finance Programs
  • Discounted interest rate and lower down payment requirements
  • Available to borrowers in Petersburg, Wrangell, Prince of Wales Island, and the in the Ketchikan Gateway Borough
  • Can be combined with any of the interest rate reduction programs available through Alaska Housing Finance Corporation 

Interest Rate Reduction Programs

  • Borrowers can use multiple Interest Rate Reduction Programs with AHFC loans to reduce interest rates by up to 2%
  • Tax Exempt First Time Home Buyer Program
  • Taxable First Time Home Buyer Program
  • Energy Efficiency Interest Rate Reduction Program
  • Interest Rate Reduction Program for Low Income Borrowers
  • State Veteran Interest Rate Preference

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Mike Medford

Mike Medford

Chief Mortgage Officer
Direct: (907) 228-4222
NMLS # 2300660

Contact Mike

Dawn Wesley

Dawn Wesley

Southeast Mortgage Manager
Direct: (907) 790-5727
NMLS # 2334509

Contact Dawn

Joyce Cummings

Joyce Cummings

Mortgage Loan Originator
Direct: (907) 772-4354
NMLS # 424421

Contact Joyce

Skyleen Merfeld

Skyleen Merfeld

Mortgage Loan Originator
Direct: (907) 228-4429
NMLS # 1707766

Contact Skyleen

Amanda Filori

Amanda Filori

Mortgage Loan Originator
Direct: (907) 790-5713
NMLS # 2390534

Contact Amanda