APR is accurate as of February 24, 2020
Alaska Housing 30 Year Fixed Rate
| Type | Rate | APR * | Monthly P&I ** |
|---|---|---|---|
| 1st Time Homebuyer Tax Exempt | 3.250% | 3.330% | $783.37 |
| Rural Property | 3.375% | 3.455% | $795.77 |
| Taxable | 3.500% | 3.581% | $808.28 |
| Taxable First - Time Homebuyer | 3.375% | 3.455% | $795.77 |
| Nonconforming 1 | 3.750% | 3.832% | $833.61 |
| Veterans Mortgage Program | 3.250% | 3.330% | $783.37 |
* 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. |