Alaska Mortgage Loans
General Mortgage Types
Fixed Rate Mortgages (VA, FHA, RD and Conventional)
For 15 and 30 year terms that provide a fixed rate of interest for the life of the loan
Adjustable Rate Mortgages (FHA and Conventional)
Offer a lower initial note rate because the rate changes are based on market conditions.
Alaska USA 3/1 and 5/1 Adjustable Rate Mortgages
Below-market rates fixed for the first three or five years, which then convert to an adjustable rate. Low down payment and no points help you get more home for your money.
No Cost/Low Cost Mortgages
Allow the borrower to pay a slightly higher interest rate in lieu of paying closing costs. This provides the opportunity for a borrower with good income but minimal savings to purchase or refinance a home.
Special Mortgage Loan Programs
First Time Home Buyer Program (AHFC)
Provides a reduced note rate for qualified first-time home buyers.
Refinancing Existing Mortgages
Many of the programs described here can be applied to the refinance of your existing mortgage, so be sure to ask about any of the programs that may apply to you.
Rehabilitation Mortgages (FHA 203K or AHFC Rehab/Renovation)
Allows borrowers to finance both the purchase and rehabilitation of a property in a single loan.
Rural Alaska Mortgages (AHFC)
Provides a reduced note rate for home buying and construction in remote areas of Alaska.
Favorite Lenders:
John Highstone Residential Mortgage Direct: 907-222-8872 Cell : 907-242-4690
Lisa Falon Homestate Mortgage Direct Line: 907-762-7546 Cell: 907-351-2416
Kathy Petty Alaska USA Mortgage Direct (907) 261-3458
