Anchorage VA Loans
ANCHORAGE, AK
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Anchorage's 106 lenders originated 5,594 VA loans during 2021. The total origination value was $1,936,760,000, with an average VA loan value of $346,221.
Anchorage VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Anchorage
averaged
5.16%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.19% and
one month ago for the week of 2022-04-08, the
average rate was 4.82%.
The average rate one year ago was 2.93%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.93%.
Anchorage VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Anchorage level.
The top Anchorage VA lender as defined by loan originations is RESIDENTIAL MORTGAGE, LLC, with
411 VA loans originated. Their average total fees are
$8,027, which is $336
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Anchorage VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION ($2,105), Titan Mortgage Capital, Inc. ($3,282), FREEDOM MORTGAGE CORPORATION ($3,330), LAKEVIEW LOAN SERVICING, LLC ($3,515) and Mr. Cooper ( Nationstar Mortgage ) ($3,955).
The lowest rate Anchorage VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.22%), Titan Mortgage Capital, Inc. (2.26%), Low VA Rates, LLC (2.31%), Flagstar Bank, FSB (2.32%) and VILLAGE CAPITAL & INVESTMENT LLC (2.34%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Anchorage (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $289,450 (-3.5%) | $333,706 (-3.3%) | 1.07 | 1,473 |
2018-02-01 | $292,400 (-2.0%) | $336,370 (-2.1%) | 1.05 | 1,488 |
2018-03-01 | $299,500 (-0.2%) | $342,409 (-2.4%) | 1.04 | 1,631 |
2018-04-01 | $310,000 (0.0%) | $349,308 (-0.2%) | 1.04 | 1,719 |
2018-05-01 | $315,000 (1.6%) | $348,803 (0.7%) | 1.05 | 1,891 |
2018-06-01 | $310,000 (0.0%) | $340,641 (-1.8%) | 1.03 | 2,123 |
2018-07-01 | $306,000 (-1.0%) | $339,623 (-1.7%) | 1.02 | 2,280 |
2018-08-01 | $307,250 (1.6%) | $343,538 (1.0%) | 1.03 | 2,315 |
2018-09-01 | $308,000 (3.0%) | $341,385 (1.4%) | 1.03 | 2,213 |
2018-10-01 | $301,375 (1.1%) | $337,480 (0.3%) | 1.01 | 2,006 |
2018-11-01 | $302,500 (4.3%) | $338,153 (1.3%) | 1.01 | 1,831 |
2018-12-01 | $299,999 (3.8%) | $337,067 (1.7%) | 1.03 | 1,625 |
2019-01-01 | $307,670 (6.3%) | $336,154 (0.7%) | 1.06 | 1,414 |
2019-02-01 | $309,250 (5.8%) | $338,281 (0.6%) | 1.04 | 1,467 |
2019-03-01 | $317,100 (5.9%) | $345,557 (0.9%) | 1.03 | 1,519 |
2019-04-01 | $322,450 (4.0%) | $351,119 (0.5%) | 1.02 | 1,597 |
2019-05-01 | $326,000 (3.5%) | $355,265 (1.9%) | 1.00 | 1,752 |
2019-06-01 | $322,000 (3.9%) | $354,435 (4.1%) | 0.99 | 1,924 |
2019-07-01 | $321,950 (5.2%) | $352,237 (3.7%) | 1.00 | 2,034 |
2019-08-01 | $317,286 (3.3%) | $349,977 (1.9%) | 1.00 | 2,013 |
2019-09-01 | $315,000 (2.3%) | $350,956 (2.8%) | 1.00 | 1,949 |
2019-10-01 | $319,450 (6.0%) | $351,085 (4.0%) | 1.02 | 1,870 |
2019-11-01 | $319,900 (5.8%) | $352,227 (4.2%) | 1.03 | 1,661 |
2019-12-01 | $314,950 (5.0%) | $346,975 (2.9%) | 1.05 | 1,486 |
2020-01-01 | $315,000 (2.4%) | $351,075 (4.4%) | 1.05 | 1,291 |
2020-02-01 | $319,900 (3.4%) | $356,082 (5.3%) | 1.03 | 1,213 |
2020-03-01 | $319,948 (0.9%) | $357,792 (3.5%) | 1.00 | 1,191 |
2020-04-01 | $319,500 (-0.9%) | $355,275 (1.2%) | 1.00 | 1,256 |
2020-05-01 | $329,900 (1.2%) | $365,865 (3.0%) | 1.00 | 1,350 |
2020-06-01 | $332,500 (3.3%) | $374,875 (5.8%) | 0.97 | 1,362 |
2020-07-01 | $338,000 (5.0%) | $385,679 (9.5%) | 0.97 | 1,315 |
2020-08-01 | $335,000 (5.6%) | $387,926 (10.8%) | 0.96 | 1,302 |
2020-09-01 | $335,450 (6.5%) | $396,026 (12.8%) | 0.96 | 1,247 |
2020-10-01 | $325,000 (1.7%) | $397,056 (13.1%) | 0.93 | 1,139 |
2020-11-01 | $326,875 (2.2%) | $402,160 (14.2%) | 0.94 | 996 |
2020-12-01 | $328,125 (4.2%) | $403,869 (16.4%) | 0.96 | 865 |
2021-01-01 | $328,750 (4.4%) | $409,291 (16.6%) | 0.97 | 733 |
2021-02-01 | $337,500 (5.5%) | $415,811 (16.8%) | 0.97 | 665 |
2021-03-01 | $358,250 (12.0%) | $432,949 (21.0%) | 1.00 | 644 |
2021-04-01 | $357,500 (11.9%) | $431,975 (21.6%) | 0.96 | 682 |
2021-05-01 | $362,000 (9.7%) | $424,118 (15.9%) | 0.95 | 713 |
2021-06-01 | $352,450 (6.0%) | $411,838 (9.9%) | 0.92 | 813 |
2021-07-01 | $354,900 (5.0%) | $408,358 (5.9%) | 0.92 | 933 |
2021-08-01 | $357,450 (6.7%) | $412,980 (6.5%) | 0.94 | 1,002 |
2021-09-01 | $356,750 (6.4%) | $423,134 (6.9%) | 0.94 | 978 |
2021-10-01 | $350,000 (7.7%) | $420,322 (5.9%) | 0.92 | 866 |
2021-11-01 | $363,500 (11.2%) | $427,869 (6.4%) | 0.96 | 676 |
2021-12-01 | $373,000 (13.7%) | $435,185 (7.8%) | 0.99 | 539 |
2022-01-01 | $390,000 (18.6%) | $441,138 (7.8%) | 1.04 | 410 |
2022-02-01 | $402,000 (19.1%) | $449,678 (8.1%) | 1.02 | 340 |
2022-03-01 | $425,000 (18.6%) | $478,697 (10.6%) | 1.05 | 346 |
2022-04-01 | $430,000 (20.3%) | $476,050 (10.2%) | 1.01 | 447 |
Anchorage's median listing price comes in at 101% of the national average.
Anchorage's average listing price for 2022-04-01 was $476,050, a difference of $44,075 (10.2%) versus the prior year and $-2,647 versus the prior month.
For the 2022-04-01 period, Anchorage had 447 MLS listings, a difference of 101 listings (29%) versus the prior month and -235 listings (-34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Anchorage (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 93 days | 1,725 sqft |
2018-02-01 | 82 days | 1,742 sqft |
2018-03-01 | 57 days | 1,774 sqft |
2018-04-01 | 53 days | 1,800 sqft |
2018-05-01 | 51 days | 1,829 sqft |
2018-06-01 | 51 days | 1,816 sqft |
2018-07-01 | 56 days | 1,807 sqft |
2018-08-01 | 59 days | 1,810 sqft |
2018-09-01 | 70 days | 1,802 sqft |
2018-10-01 | 78 days | 1,784 sqft |
2018-11-01 | 88 days | 1,790 sqft |
2018-12-01 | 98 days | 1,775 sqft |
2019-01-01 | 101 days | 1,785 sqft |
2019-02-01 | 91 days | 1,790 sqft |
2019-03-01 | 57 days | 1,812 sqft |
2019-04-01 | 51 days | 1,843 sqft |
2019-05-01 | 49 days | 1,846 sqft |
2019-06-01 | 52 days | 1,854 sqft |
2019-07-01 | 58 days | 1,866 sqft |
2019-08-01 | 63 days | 1,833 sqft |
2019-09-01 | 65 days | 1,821 sqft |
2019-10-01 | 71 days | 1,824 sqft |
2019-11-01 | 80 days | 1,805 sqft |
2019-12-01 | 92 days | 1,760 sqft |
2020-01-01 | 89 days | 1,756 sqft |
2020-02-01 | 74 days | 1,780 sqft |
2020-03-01 | 53 days | 1,794 sqft |
2020-04-01 | 56 days | 1,800 sqft |
2020-05-01 | 56 days | 1,832 sqft |
2020-06-01 | 44 days | 1,836 sqft |
2020-07-01 | 44 days | 1,836 sqft |
2020-08-01 | 46 days | 1,790 sqft |
2020-09-01 | 48 days | 1,798 sqft |
2020-10-01 | 57 days | 1,745 sqft |
2020-11-01 | 67 days | 1,705 sqft |
2020-12-01 | 76 days | 1,704 sqft |
2021-01-01 | 74 days | 1,698 sqft |
2021-02-01 | 51 days | 1,707 sqft |
2021-03-01 | 41 days | 1,769 sqft |
2021-04-01 | 33 days | 1,779 sqft |
2021-05-01 | 30 days | 1,798 sqft |
2021-06-01 | 28 days | 1,797 sqft |
2021-07-01 | 30 days | 1,800 sqft |
2021-08-01 | 34 days | 1,798 sqft |
2021-09-01 | 43 days | 1,794 sqft |
2021-10-01 | 48 days | 1,760 sqft |
2021-11-01 | 56 days | 1,763 sqft |
2021-12-01 | 70 days | 1,728 sqft |
2022-01-01 | 84 days | 1,754 sqft |
2022-02-01 | 45 days | 1,799 sqft |
2022-03-01 | 21 days | 1,820 sqft |
2022-04-01 | 17 days | 1,834 sqft |
Anchorage's median square footage for active listings during the 2022-04-01 period was 1,834 sqft. One year prior, the average listing was 1,779 sqft.