FHA/VA Loans:
A Federal Housing Administration Loan (FHA) is a government loan which requires the borrower to invest as little as 3 percent in the purchase of a property in Alaska. Eligible properties include single family dwellings, including condominiums and planned unit developments, and 2- to 4-unit properties, as long as the borrower occupies one unit.

Conventional Loans:
A conventional loan requires as little as a 5 percent down payment, and with a 20 percent down payment, mortgage insurance is not required. Financing is available for owner-occupied primary residences, second/vacation homes, and investment properties. We offer fixed and adjustible rate mortgages.

First Time Home Buyer:
Buyers who have not had ownership interest in a primary residence in the last three years could be eligible for a lower interest rate through Alaska Housing Finance Corporation's (AHFC) Tax-Exempt First Time Homebuyer Program. This program may be combined with FHA, VA, Conventional or Rural Development loans to provide a lower interest rate for borrowers who meet the income and acquisition cost limitations set by the program. Available only for owner-occupied single-family residences, including condominiums and duplexes.

Veterans:
Veterans who entered into active duty prior to January 1, 1977, and who have not been discharged more than 30 years may be eligible for a lower interest rate through Alaska Housing Finance Corporation's (AHFC) Veterans Mortgage Program (VMP). This program may be combined with any FHA, VA, Conventional or Rural Development loan.