Home Loans Alaska
One of the most daunting aspects of applying for a home mortgage is determining which types of loans you might qualify for, any distinct requirements they might have, and how much of a down payment is necessary for each. Luckily, First National Bank Alaska Home Loan Specialists provide local service and are committed to learning about your unique needs and finding your personalized solution.
First National Bank Alaska is an AHFC Approved Lender. AHFC offers a wide array of loan programs including Conventional, Federal Housing Administration (FHA), Veterans Administration (VA), Housing and Urban Development (HUD) 184, and Rural Development (RD).
- An AHFC home loan can provide significant savings and incentives to qualified borrowers for approved properties, including an energy efficient discount if the property meets certain criteria.
- AHFC loans offer a variety of loan programs to both single-family and multi-family loans, toloan options andotherincentive programs in both urban and rural areas. To find out if you qualify for anAHFC loanprogramcontacta First National Bank Home Loan Specialist.
First National Bank Alaska is also an approved partner of Cook Inlet Lending Center. Cook Inlet provides secondary financing to assist with down payment and/or closing costs to eligible borrowers in addition to other programs that might appeal to prospective buyers.
FHA loans are insured by the federal government under the U.S. Department of Housing and Urban Development. This type of home mortgage is very common for borrowers seeking a low down payment.
A HUD 184 loan is guaranteed by the Federal Government for Alaska Natives and Native Americans. It offers a low down payment and is available throughout the state of Alaska.
First National Bank Alaska is an approved partner of NWAnchorage, a charter member of NeighborWorks America (NWA). NWA provides loans that assist with down payment and/or closing costs to those who are eligible.
The Rural Development home loan program is guaranteed by the federal government under the U.S. Department of Agriculture (USDA) and offers some low down payment loans in rural parts of Alaska.
VA home loans offered for eligible veterans of the U.S. military. They provide for a low down payment (often zero down) and are guaranteed by the federal government.
Determining the right lending program for your lifestyle and financial situation can be difficult to navigate given all the options available through a number of agencies. Contact your First National Bank Home Loan Specialist to assist in finding the perfect loan. Our Home Loan Specialists can walk you through the process and provide the personal service you come to expect. Our commitment to service means that your home loan stays right here in Alaska.
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I agree with Michael Cheng. If you have a great credit score, stable, verifiable income, verifiable cash on hand or assets, you are a dream client. By comparison shopping, you will be able to obtain a Loan Estimate from at least three different types of lenders: Talk with the mortgage department of where you currently bank. You already have a banking relationship with them. This is a good place to start. Next, apply with a local, licensed non-bank mortgage lender. Somebody located in the town in which you live. Last, apply with a local mortgage broker.