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.

First Bank has been your local Southeast Alaska bank for well over 90 years. We take special care in providing superior service with your mortgage transaction - from the origination of your loan to keeping the servicing of your loan at First Bank. You can walk into any branch and discuss your mortgage.

Reach out today and let a First Bank Mortgage Loan Originator answer your questions! Call (888) 851-5851 or email [email protected].

Conventional Loans

  • Fixed rate of interest for the life of the loan
  • 15, 20 and 30 year terms
  • Down payment options starting at 5%

FHA Loans

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

VA Loans

  • No down payment
  • No PMI (Private Mortgage Insurance)

One-Step Purchase Renovation Mortgages

  • Allows borrowers to finance up to $75,000 in home improvements when purchasing their new home
  • One contractor bid required, but owner can do the work
  • 6 months to complete the work

HUD 184 Loans

  • This loan program is available to member(s) of federally recognized tribes. Eligible borrowers include American Indians and Alaskan Natives
  • Low down payment of only 2.25%

USDA RD Guarantee 100% Financing

  • Allows borrowers to finance the entire purchase price of the house. No down payment required
  • Income and acquisition limits apply

Rural Owner-Occupied Mortgages & Non-Owner Occupied Multi-Unit Mortgages

  • 10% down and no mortgage insurance requirement
  • Properties in Southeast Alaska are eligible excluding Sitka, Juneau and within Ketchikan city limits

AHFC Interest Rate Reduction Programs

Borrowers can use multiple Interest Rate Reduction Programs to reduce interest rates by up to 2%

  • First Home Limited (TEP) (Acquisition and income limits apply)
  • First Home (Taxable FTHB)
  • Energy Efficiency Interest Rate Reduction Program
  • Interest Rate Reduction Program for Low Income Borrowers
  • Veterans Mortgage Program

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Mike Medford

Mike Medford

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

Contact Mike

Dawn Wesley

Dawn Wesley

Senior Mortgage Loan Originator
Juneau, Alaska
Direct: (907) 790-5727
NMLS # 2334509

Contact Dawn

Mikayla Bales

Mikayla Bales

Mortgage Loan Originator
Juneau, Alaska
Direct: (907) 790-5726
NMLS # 2478267

Contact Mikayla

Spencer Erickson

Spencer Erickson

Mortgage Loan Originator
Ketchikan, Alaska
Direct: (907) 228-4441
NMLS # 2582908

Contact Spencer

Skyleen Bottani

Skyleen Bottani

Mortgage Loan Originator
Sitka & Ketchikan, Alaska
Direct: (907) 228-4429
NMLS # 1707766

Contact Skyleen

Joyce Cummings

Joyce Cummings

Mortgage Loan Originator
Petersburg & Wrangell, Alaska
Direct: (907) 772-4354
NMLS # 424421

Contact Joyce