Anchorage VA Loans

ANCHORAGE, AK

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    • 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%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    RESIDENTIAL MORTGAGE, LLC 411 2.56% $8,027
    Mortgage Research Center, LLC 383 2.81% $7,691
    CALIBER HOME LOANS, INC. 342 2.50% $7,910
    QUICKEN LOANS, LLC 316 2.37% $4,893
    FREEDOM MORTGAGE CORPORATION 284 2.37% $3,330
    Alaska USA Federal Credit Union 262 2.73% $6,464
    Alaska USA Mortgage Company LLC 261 2.73% $6,460
    Wells Fargo Bank 155 2.48% $5,468
    North American Savings Bank, F.S.B. 134 2.41% $8,040
    USAA Federal Savings Bank 114 2.80% $6,259
    PENNYMAC LOAN SERVICES, LLC 112 2.36% $7,002
    The Federal Savings Bank 107 2.48% $7,420
    GUILD MORTGAGE COMPANY 98 2.71% $9,028
    UNITED WHOLESALE MORTGAGE, LLC 94 2.50% $7,905
    LAKEVIEW LOAN SERVICING, LLC 84 2.42% $3,515
    GUARANTEED RATE, INC. 84 2.63% $7,057
    MOVEMENT MORTGAGE, LLC 78 2.77% $6,758
    NAVY FEDERAL CREDIT UNION 73 2.50% $7,541
    LOANDEPOT.COM, LLC 71 2.35% $5,143
    FINANCE OF AMERICA MORTGAGE LLC 70 2.69% $7,820
    PRIMELENDING, A PLAINSCAPITAL COMPANY 64 2.76% $9,122
    HOME POINT FINANCIAL CORPORATION 61 2.44% $8,502
    ACADEMY MORTGAGE CORPORATION 58 2.82% $9,839
    NBKC BANK 47 2.47% $7,079
    ACCELERATE MORTGAGE, LLC 39 2.22% $6,687
    VILLAGE CAPITAL & INVESTMENT LLC 38 2.34% $4,889
    AMERICAN FINANCIAL NETWORK, INC. 37 2.35% $8,353
    Low VA Rates, LLC 35 2.31% $6,152
    Barrington Bank & Trust Company, N.A. 32 2.51% $5,691
    BROKER SOLUTIONS, INC. 31 2.50% $7,869
    NEW DAY FINANCIAL, LLC 31 2.67% $7,794
    Titan Mortgage Capital, Inc. 29 2.26% $3,282
    PRIMARY RESIDENTIAL MORTGAGE, INC. 27 2.88% $11,252
    AMERISAVE MORTGAGE CORPORATION 25 2.57% $5,604
    PENTAGON FEDERAL CREDIT UNION 24 2.38% $2,105
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 23 2.74% $8,107
    NuVision Federal Credit Union 21 2.43% $8,932
    Flagstar Bank, FSB 17 2.32% $6,319
    KELLER MORTGAGE, LLC 15 2.68% $11,568
    STEARNS LENDING, LLC 15 2.52% $5,067
    Magnolia Bank 15 2.41% $7,043
    First Guaranty Mortgage Corporation 14 2.39% $5,910
    MUTUAL OF OMAHA MORTGAGE, INC. 14 2.39% $4,021
    HOMEBRIDGE FINANCIAL SERVICES, INC. 14 2.45% $7,524
    First National Bank Alaska 13 2.55% $6,918
    Mr. Cooper ( Nationstar Mortgage ) 13 2.57% $3,955
    CHURCHILL MORTGAGE CORPORATION 12 2.66% $7,317
    GUARANTY MORTGAGE SERVICE, INC. 11 2.38% $9,115
    SUN WEST MORTGAGE COMPANY, INC. 11 2.40% $6,016
    AMCAP MORTGAGE, LTD. 11 2.43% $7,781
    RESIDENTIAL BANCORP. 10 2.89% $13,992
    CROSSCOUNTRY MORTGAGE, LLC 10 2.82% $8,073
    HOMEOWNERS FINANCIAL GROUP USA, LLC 8 2.83% $11,786
    KS StateBank 8 2.23% $8,844
    Wyndham Capital Mortgage, Inc. 6 2.38% $2,140
    AMERICAN FINANCING CORPORATION 6 2.33% $3,291
    CREDIT UNION 1 6 3.54% $7,458
    First Home Bank 6 2.44% $2,914
    Meridian Bank Corporation 6 2.46% $6,391
    NP, Inc. 6 2.29% $5,713
    PLANET HOME LENDING, LLC 6 2.25% $3,439
    Paramount Bank 5 2.70% $5,116
    Manufacturers and Traders Trust Company 5 2.43% $4,541
    Prime Choice Funding Inc. 5 2.40% $3,667
    Carrington Mortgage Services, LLC 5 3.25% $7,699
    Strong Home Mortgage, LLC 5 2.38% $1,569
    BKCO MORTGAGE, LLC 4 2.84% $7,711
    CMG MORTGAGE, INC. 4 1.88% $5,647
    Arvest Bank 3 2.42% $5,188
    FBC MORTGAGE, LLC 3 2.25% $6,958
    CORNERSTONE HOME LENDING, INC. 3 2.75% $4,686
    AmRes Corporation 3 2.92% $8,762
    DAS Acquisition Company, LLC 3 2.83% $9,230
    TRUE NORTH FEDERAL CREDIT UNION 2 2.44% $8,563
    First Federal Bank 2 3.31% $16,230
    Armed Forces Bank 2 2.31% $5,411
    First Savings Bank 2 2.75% $9,356
    U.S. Bank 2 2.94% $3,016
    PREMIA MORTGAGE, LLC 2 2.56% $1,059
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.38% $4,949
    First Federal Bank of Kansas City 2 2.25% $3,130
    Bank of England 2 2.50% $10,161
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.94% $2,271
    CELEBRITY HOME LOANS, LLC 2 2.81% $9,377
    SIRVA MORTGAGE, INC. 1 2.75% $12,937
    First National Bank Texas 1 2.25% $10,523
    Nations Lending Corporation 1 2.88% $10,655
    FirstBank 1 2.50% $4,613
    EagleBank 1 2.38% $4,117
    Willamette Valley Bank 1 2.75% $5,046
    Paramount Residential Mortgage Group, Inc. 1 3.50% $8,128
    CRESCENT MORTGAGE COMPANY 1 2.63% $1,822
    PHH Mortgage Corporation 1 3.00% $15,471
    Plains Commerce Bank 1 2.25% $2,069
    ALL WESTERN MORTGAGE, INC. 1 2.75% $2,279
    Community First National Bank 1 2.13% $2,100
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $0
    MID AMERICA MORTGAGE, INC. 1 2.25% $3,200
    BELEM SERVICING LLC 1 1.75% $12,422
    The Central Trust Bank 1 2.37% $2,945
    AVADIAN 1 2.25% $3,274
    UNITED SECURITY FINANCIAL CORP 1 2.38% $2,271
    ARC HOME LLC 1 2.50% $15,894
    VAN DYK MORTGAGE CORPORATION 1 3.00% $17,407
    JAMES B. NUTTER & COMPANY 1 2.25% $3,909
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $4,725

    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. Louis
    Date 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 for 2022-04-01 was $430,000, a difference of $72,500 (20.3%) versus the prior year and $5,000 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 17 days. This is -48% shorter than the same period one year ago.

    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.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.