Home Loan Rates
Learn about Alaska USA real estate loan programs and how to apply.
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Rates as of 4/28/2021
Home Equity Line of Credit*
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2,3) |
|---|---|---|---|---|
| Variable - AK | FICO Score 680+ | 70% | 4.000% | 4.000% |
| Variable - AK | FICO Score <680 | 70% | 4.750% | 4.750% |
| Variable - AZ & WA | FICO Score 720+ | 80% | 4.750% | 4.750% |
| Variable - AZ & WA | FICO Score 680+ | 75% | 4.250% | 4.250% |
| Variable - AZ & WA | FICO Score 680+ | 70% | 4.000% | 4.000% |
| Variable - AZ & WA | FICO Score <680 | 70% | 4.750% | 4.750% |
Home Improvement
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2) |
|---|---|---|---|---|
| Fixed | 1-60 Months | No Limit | 4.216% | 6.450% |
| Fixed | 61-240 Months | No Limit | 4.237% | 5.870% |
Recreational Lot
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2) |
|---|---|---|---|---|
| Fixed | 1-60 Months | 70% | 7.850% | 7.990% |
| Fixed | 61-180 Months | 70% | 8.435% | 8.490% |
Recreational Property w/Dwelling
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2) |
|---|---|---|---|---|
| Fixed | 1-60 Months | 70% | 4.350% | 4.450% |
| Fixed | 61-180 Months | 70% | 3.930% | 3.870% |
Residential Equity 1st Lien
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2) |
|---|---|---|---|---|
| Fixed - AK | 1-60 Months | 70% | 4.350% | 4.450% |
| Fixed - AZ & WA | 1-60 Months | 70% | 4.350% | 4.450% |
| Fixed - AK | 61-240 Months | 70% | 3.770% | 3.870% |
| Fixed - AZ & WA | 61-240 Months | 70% | 3.770% | 3.870% |
Residential Equity 2nd Lien
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2) |
|---|---|---|---|---|
| Fixed - AK | 1-60 Months | 70% | 6.350% | 6.450% |
| Fixed - AZ & WA | 1-60 Months | 70% | 6.350% | 6.450% |
| Fixed - AK | 61-240 Months | 70% | 5.770% | 5.870% |
| Fixed - AZ & WA | 61-240 Months | 70% | 5.770% | 5.870% |
Residential Lot
| Type | Terms | Maximum LTV(1) | Note Rate | Annual Percentage Rate(2) |
|---|---|---|---|---|
| Fixed | 1-60 Months | 75% | 7.859% | 7.990% |
| Fixed | 61-180 Months | 75% | 8.438% | 8.490% |
(1) Loan-to-value (LTV) is the ratio of all loans against a property to the purchase price or value of the property. For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.
(2) Washington and Arizona: maximum 80% of appraised vlaue, less the current balance of the underlying loan, subject to credit score limitations listed below:
| Credit Score | Max CLTV | Margin |
| 640-679 | 70% | 1.5% |
| 680+ | 70% | 0.5% |
| 680+ | 75% | 75% |
| 720+ | 80% | 80% |
Alaska: 70% of appraised value, less the current balance of the underlying loan.
| Credit Score | Max CLTV | Margin |
| 640-679 | 70% | 1.5% |
| 680+ | 70% | 0.5% |
(3) The annual percentage rate (APR) reflects not only the interest rate but also the fees you have to pay to get the loan. For that reason, the APR is usually higher than the interest rate on fixed rate transactions.
(4) Interest rate is dependent upon the credit qualifications of the borrower(s).
Disclaimer:
Home Improvement loans require a 1% annual fee for FHA Mortgage Insurance. Monthly payments include 1/12 of this annual fee.
Home Improvement Loan Payment Example:
A Home Improvement loan of $25,000 for 20 years at a 4.237% note rate (5.870% APR) will have a monthly payment of $175.48 which includes $20.84 for mortgage insurance (1/12 of the annual mortgage insurance premium).
Home Loan Payment Example (minimum 20-30% down payment required on purchase transactions):
A recreational property loan of $100,000 for 15 years at a 8.435% note rate (8.490% APR) will have a monthly payment of $980.94.
Consumer rates
Loan payment estimate
Disclaimers
Payment calculator applies only to the loan programs listed on this page, excluding Home Equity Lines of Credit.
Payment calculation does not include mortgage insurance premiums (required for home improvement loans).
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The default values shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.
