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APR is accurate as of January 16, 2020

Alaska Housing 15 Year Fixed Rate

Type Rate APR * Monthly P&I **
1st Time Homebuyer Tax Exempt 3.000% 3.145% $1243.05
Rural Property 3.125% 3.270% $1253.90
Taxable 3.250% 3.396% $1264.80
Taxable First - Time Homebuyer 3.125% 3.647% $1253.90
Nonconforming 1 3.500% 3.647% $1286.79
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.