Home Loan Rates

Learn about Alaska USA real estate loan programs and how to apply.

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Rates as of 12/16/2017

Home Equity Line of Credit

 Type Terms Maximum LTV(1) Note Rate Annual Percentage Rate(2)
Variable - AK 70% 4.500% 4.500%
Variable - AZ & WA 80% 4.500% 4.500%

Home Improvement

 Type Terms Maximum LTV(1) Note Rate Annual Percentage Rate(2)
Fixed 1-60 Months No Limit 6.125% 7.814%
Fixed 61-240 Months No Limit 6.375% 7.854%

Recreational Property

 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% 4.870% 4.970%
Fixed 61-180 Months 70% 4.830% 4.930%

Residential Equity 1st Lien

 Type Terms Maximum LTV(1) Note Rate Annual Percentage Rate(2)
Fixed - AK 1-60 Months 70% 4.870% 4.970%
Fixed - AZ & WA 1-60 Months 80% 4.870% 4.970%
Fixed - AK 61-240 Months 70% 4.830% 4.930%
Fixed - AZ & WA 61-240 Months 80% 4.830% 4.930%

Residential Equity 2nd Lien

 Type Terms Maximum LTV(1) Note Rate Annual Percentage Rate(2)
Fixed - AK 1-60 Months 70% 6.870% 6.970%
Fixed - AZ & WA 1-60 Months 80% 6.870% 6.970%
Fixed - AK 61-240 Months 70% 6.830% 6.930%
Fixed - AZ & WA 61-240 Months 80% 6.830% 6.930%

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) 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.

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 6.375% note rate (7.854% APR) will have a monthly payment of $205.40 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.