Custom Image

APR is accurate as of February 24, 2020

Alaska Housing 15 Year Fixed Rate

Type Rate APR * Monthly P&I **
1st Time Homebuyer Tax Exempt 2.875% 3.019% $1232.25
Rural Property 3.000% 3.145% $1243.05
Taxable 3.125% 3.270% $1253.90
Taxable First - Time Homebuyer 3.000% 3.647% $1243.05
Nonconforming 1 3.375% 3.521% $1275.77
Veterans Mortgage Program 3.000% 3.145% $1243.05

 

* 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. Annual Percentage Rate is subject to change.

** 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.