Anchorage VA Loan Rates, Closing Costs & Stats

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 not 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 75 lenders originated 1,429 VA loans during 2023. The total origination value was $598,645,000, with an average VA loan value of $418,926.

    Anchorage VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Anchorage averaged 6.65% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Anchorage's average VA mortgage closing costs are $7,430.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.24%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.71%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Anchorage level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 213 6.71% $8,849
    NEWREZ LLC 153 6.46% $12,231
    UNITED WHOLESALE MORTGAGE, LLC 129 6.32% $10,744
    MOVEMENT MORTGAGE, LLC 91 6.36% $12,296
    RESIDENTIAL MORTGAGE, LLC 83 6.16% $9,856
    Alaska USA Federal Credit Union 74 6.39% $8,078
    NAVY FEDERAL CREDIT UNION 45 5.85% $8,628
    USAA Federal Savings Bank 37 6.20% $11,206
    QUICKEN LOANS, LLC 36 6.25% $14,614
    GUARANTEED RATE, INC. 27 6.42% $9,817
    North American Savings Bank, F.S.B. 26 5.72% $11,437
    MUTUAL OF OMAHA MORTGAGE, INC. 26 6.17% $11,364
    PRIMELENDING, A PLAINSCAPITAL COMPANY 21 6.14% $9,931
    The Federal Savings Bank 21 6.35% $20,591
    NEW DAY FINANCIAL, LLC 19 7.23% $16,423
    NBKC BANK 17 5.85% $9,440
    HOMEOWNERS FINANCIAL GROUP USA, LLC 16 6.36% $8,932
    PENNYMAC LOAN SERVICES, LLC 15 5.42% $11,620
    LOANDEPOT.COM, LLC 15 6.16% $11,400
    GUILD MORTGAGE COMPANY 14 5.88% $10,874
    Plains Commerce Bank 12 6.51% $11,839
    SUN WEST MORTGAGE COMPANY, INC. 11 6.04% $18,673
    Paramount Residential Mortgage Group, Inc. 11 7.39% $14,819
    FREEDOM MORTGAGE CORPORATION 11 6.48% $16,260
    Flagstar Bank, FSB 10 5.86% $14,317
    CALIBER HOME LOANS, INC. 10 6.24% $11,740
    GENEVA FINANCIAL, LLC 9 6.96% $13,175
    First National Bank Alaska 9 5.90% $11,243
    Wells Fargo Bank 9 6.01% $9,046
    PENTAGON FEDERAL CREDIT UNION 8 5.48% $6,113
    CHURCHILL MORTGAGE CORPORATION 6 5.75% $14,842
    Barrington Bank & Trust Company, N.A. 6 5.85% $15,975
    VILLAGE CAPITAL MORTGAGE 5 5.83% $11,644
    Magnolia Bank 5 6.70% $18,611
    BROKER SOLUTIONS, INC. 5 6.90% $13,632
    AMERISAVE MORTGAGE CORPORATION 5 6.08% $22,118
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.33% $9,577
    GUARANTY MORTGAGE SERVICE, INC. 5 6.48% $9,103
    CORNERSTONE HOME LENDING, INC. 4 6.50% $7,367
    NuVision Federal Credit Union 4 6.44% $12,781
    Armed Forces Bank 4 6.03% $7,641
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.47% $6,669
    Equity Prime Mortgage LLC 3 7.00% $18,527
    RESIDENTIAL BANCORP 3 6.50% $17,511
    CANOPY MORTGAGE, LLC 3 6.71% $13,303
    VAN DYK MORTGAGE CORPORATION 3 7.29% $7,383
    Farmers Bank & Trust 2 5.81% $4,738
    CROSSCOUNTRY MORTGAGE, LLC 2 6.22% $28,389
    Mr. Cooper ( Nationstar Mortgage ) 2 5.75% $20,037
    CMG MORTGAGE, INC. 2 5.44% $10,913
    Century Mortgage Company DBA Century Lending Company 2 6.31% $5,740
    CARDINAL FINANCIAL 2 6.75% $22,119
    PREMIA MORTGAGE, LLC 2 5.69% $807
    AMERICAN FINANCING CORPORATION 2 6.63% $16,652
    CREDIT UNION 1 1 5.75% $8,790
    CRESCENT MORTGAGE COMPANY 1 6.88% $3,966
    PLAZA HOME MORTGAGE, INC. 1 6.63% $22,686
    Willamette Valley Bank 1 7.13% $4,800
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.75% $11,821
    LAKEVIEW LOAN SERVICING, LLC 1 6.99% $24,090
    KeyBank 1 6.13% $4,449
    Prosperity Home Mortgage, LLC 1 7.25% $10,471
    Ixonia Bank 1 5.75% $28,535
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $6,464
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $22,715
    Sunflower Bank 1 5.63% $19,105
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $17,468
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $7,380
    UNION HOME MORTGAGE CORP. 1 7.13% $9,016
    First Western Trust Bank 1 5.75% $9,823
    AMCAP MORTGAGE, LTD. 1 6.13% $16,364
    FBC MORTGAGE, LLC 1 6.25% $11,773
    ON Q FINANCIAL, INC. 1 7.75% $11,507
    FINANCE OF AMERICA MORTGAGE LLC 1 4.38% $32,499
    Northpointe Bank 1 6.75% $27,716

    The top Anchorage VA lender as defined by loan originations is Mortgage Research Center, LLC, with 213 VA loans originated. Their average total fees are $8,849, which is $3,382 lower than the next largest lender, NEWREZ LLC.

    The lowest fee Anchorage VA lenders (with over 10 loans originated) are Alaska USA Federal Credit Union ($8,078), NAVY FEDERAL CREDIT UNION ($8,628), Mortgage Research Center, LLC ($8,849), HOMEOWNERS FINANCIAL GROUP USA, LLC ($8,932) and NBKC BANK ($9,440).

    The lowest rate Anchorage VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.42%), North American Savings Bank, F.S.B. (5.72%), NBKC BANK (5.85%), NAVY FEDERAL CREDIT UNION (5.85%) and Flagstar Bank, FSB (5.86%).

    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 $288,500 (-3.0%) $332,753 (-2.9%) 1.07 1,508
    2018-02-01 $289,500 (-2.2%) $335,413 (-1.8%) 1.05 1,517
    2018-03-01 $299,000 (-0.2%) $341,951 (-2.3%) 1.05 1,667
    2018-04-01 $309,900 (0.0%) $348,350 (-0.4%) 1.05 1,753
    2018-05-01 $314,998 (2.6%) $348,042 (1.0%) 1.05 1,927
    2018-06-01 $309,900 (0.3%) $340,410 (-1.0%) 1.03 2,168
    2018-07-01 $303,675 (-0.8%) $337,972 (-1.7%) 1.01 2,339
    2018-08-01 $304,950 (0.8%) $340,913 (0.5%) 1.02 2,371
    2018-09-01 $307,000 (3.3%) $339,410 (1.2%) 1.03 2,263
    2018-10-01 $299,900 (1.2%) $335,023 (-0.1%) 1.02 2,056
    2018-11-01 $299,950 (3.8%) $335,474 (1.0%) 1.02 1,874
    2018-12-01 $299,900 (5.1%) $333,251 (0.6%) 1.03 1,662
    2019-01-01 $299,950 (4.0%) $330,863 (-0.6%) 1.04 1,449
    2019-02-01 $307,350 (6.2%) $335,554 (0.0%) 1.04 1,504
    2019-03-01 $317,100 (6.1%) $343,442 (0.4%) 1.04 1,558
    2019-04-01 $322,450 (4.1%) $349,666 (0.4%) 1.02 1,633
    2019-05-01 $324,950 (3.2%) $353,521 (1.6%) 1.02 1,784
    2019-06-01 $320,000 (3.3%) $352,669 (3.6%) 1.00 1,961
    2019-07-01 $319,500 (5.2%) $351,339 (4.0%) 1.00 2,068
    2019-08-01 $315,727 (3.5%) $348,201 (2.1%) 1.00 2,044
    2019-09-01 $316,443 (3.1%) $348,627 (2.7%) 1.01 1,973
    2019-10-01 $318,000 (6.0%) $349,748 (4.4%) 1.03 1,900
    2019-11-01 $317,500 (5.9%) $350,912 (4.6%) 1.04 1,694
    2019-12-01 $311,500 (3.9%) $345,421 (3.7%) 1.04 1,518
    2020-01-01 $311,625 (3.9%) $348,195 (5.2%) 1.04 1,329
    2020-02-01 $319,000 (3.8%) $355,383 (5.9%) 1.04 1,252
    2020-03-01 $319,450 (0.7%) $357,255 (4.0%) 1.00 1,231
    2020-04-01 $319,500 (-0.9%) $355,402 (1.6%) 1.00 1,296
    2020-05-01 $329,900 (1.5%) $365,350 (3.4%) 1.00 1,410
    2020-06-01 $330,000 (3.1%) $373,587 (5.9%) 0.97 1,417
    2020-07-01 $337,300 (5.6%) $385,328 (9.7%) 0.98 1,356
    2020-08-01 $334,900 (6.1%) $386,839 (11.1%) 0.96 1,342
    2020-09-01 $335,000 (5.9%) $394,725 (13.2%) 0.96 1,296
    2020-10-01 $325,000 (2.2%) $396,163 (13.3%) 0.93 1,175
    2020-11-01 $326,450 (2.8%) $400,837 (14.2%) 0.95 1,028
    2020-12-01 $328,450 (5.4%) $404,090 (17.0%) 0.98 888
    2021-01-01 $327,000 (4.9%) $407,822 (17.1%) 0.98 755
    2021-02-01 $339,500 (6.4%) $415,237 (16.8%) 0.99 694
    2021-03-01 $357,450 (11.9%) $432,450 (21.1%) 1.01 678
    2021-04-01 $359,950 (12.7%) $432,426 (21.7%) 0.97 720
    2021-05-01 $362,500 (9.9%) $422,253 (15.6%) 0.96 761
    2021-06-01 $350,000 (6.1%) $411,228 (10.1%) 0.92 870
    2021-07-01 $350,000 (3.8%) $405,086 (5.1%) 0.92 995
    2021-08-01 $357,200 (6.7%) $412,048 (6.5%) 0.95 1,050
    2021-09-01 $356,875 (6.5%) $422,623 (7.1%) 0.95 1,023
    2021-10-01 $350,000 (7.7%) $417,721 (5.4%) 0.93 907
    2021-11-01 $361,450 (10.7%) $425,708 (6.2%) 0.97 707
    2021-12-01 $374,500 (14.0%) $433,415 (7.3%) 1.01 565
    2022-01-01 $389,250 (19.0%) $437,467 (7.3%) 1.05 432
    2022-02-01 $400,750 (18.0%) $447,649 (7.8%) 1.04 369
    2022-03-01 $420,500 (17.6%) $471,539 (9.0%) 1.05 382
    2022-04-01 $425,000 (18.1%) $468,448 (8.3%) 1.01 493
    2022-05-01 $429,950 (18.6%) $476,028 (12.7%) 0.98 669
    2022-06-01 $434,975 (24.3%) $478,249 (16.3%) 0.97 849
    2022-07-01 $425,000 (21.4%) $474,313 (17.1%) 0.96 1,000
    2022-08-01 $429,900 (20.4%) $482,135 (17.0%) 0.99 967
    2022-09-01 $439,900 (23.3%) $491,848 (16.4%) 1.03 850
    2022-10-01 $432,450 (23.6%) $487,535 (16.7%) 1.02 782
    2022-11-01 $428,660 (18.6%) $479,352 (12.6%) 1.03 726
    2022-12-01 $439,000 (17.2%) $480,656 (10.9%) 1.08 605
    2023-01-01 $426,625 (9.6%) $474,923 (8.6%) 1.06 499
    2023-02-01 $435,625 (8.7%) $487,799 (9.0%) 1.05 456
    2023-03-01 $439,000 (4.4%) $490,135 (3.9%) 1.04 461
    2023-04-01 $445,000 (4.7%) $497,401 (6.2%) 1.03 467
    2023-05-01 $446,700 (3.9%) $496,934 (4.4%) 1.01 496
    2023-06-01 $442,350 (1.7%) $500,046 (4.6%) 0.99 585
    2023-07-01 $439,000 (3.3%) $498,860 (5.2%) 1.00 752
    2023-08-01 $434,500 (1.1%) $493,062 (2.3%) 1.00 814
    2023-09-01 $439,900 (0.0%) $509,606 (3.6%) 1.02 803
    2023-10-01 $434,500 (0.5%) $496,472 (1.8%) 1.02 761
    2023-11-01 $427,000 (-0.4%) $491,658 (2.6%) 1.02 716
    2023-12-01 $425,000 (-3.2%) $493,515 (2.7%) 1.04 618
    2024-01-01 $429,500 (0.7%) $501,829 (5.7%) 1.05 520
    2024-02-01 $437,000 (0.3%) $506,567 (3.9%) 1.05 486
    2024-03-01 $435,000 (-0.9%) $504,121 (2.9%) 1.02 488
    Anchorage's median listing price for 2024-03-01 was $435,000, a difference of $-4,000 (-0.9%) versus the prior year and $-2,000 versus the prior month.

    Anchorage's median listing price comes in at 102% of the national average.

    Anchorage's average listing price for 2024-03-01 was $504,121, a difference of $13,986 (2.9%) versus the prior year and $-2,446 versus the prior month.

    For the 2024-03-01 period, Anchorage had 488 MLS listings, a difference of 2 listings (0%) versus the prior month and 27 listings (6%) 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 89 days 1,717 sqft
    2018-02-01 73 days 1,729 sqft
    2018-03-01 53 days 1,768 sqft
    2018-04-01 50 days 1,800 sqft
    2018-05-01 47 days 1,823 sqft
    2018-06-01 47 days 1,816 sqft
    2018-07-01 52 days 1,805 sqft
    2018-08-01 58 days 1,805 sqft
    2018-09-01 67 days 1,800 sqft
    2018-10-01 77 days 1,779 sqft
    2018-11-01 84 days 1,788 sqft
    2018-12-01 93 days 1,770 sqft
    2019-01-01 96 days 1,777 sqft
    2019-02-01 83 days 1,782 sqft
    2019-03-01 59 days 1,809 sqft
    2019-04-01 49 days 1,841 sqft
    2019-05-01 46 days 1,842 sqft
    2019-06-01 50 days 1,852 sqft
    2019-07-01 55 days 1,862 sqft
    2019-08-01 59 days 1,837 sqft
    2019-09-01 65 days 1,830 sqft
    2019-10-01 69 days 1,824 sqft
    2019-11-01 79 days 1,800 sqft
    2019-12-01 88 days 1,754 sqft
    2020-01-01 86 days 1,747 sqft
    2020-02-01 68 days 1,777 sqft
    2020-03-01 51 days 1,793 sqft
    2020-04-01 53 days 1,803 sqft
    2020-05-01 51 days 1,832 sqft
    2020-06-01 43 days 1,835 sqft
    2020-07-01 43 days 1,833 sqft
    2020-08-01 43 days 1,793 sqft
    2020-09-01 45 days 1,800 sqft
    2020-10-01 53 days 1,745 sqft
    2020-11-01 63 days 1,705 sqft
    2020-12-01 71 days 1,704 sqft
    2021-01-01 68 days 1,698 sqft
    2021-02-01 42 days 1,707 sqft
    2021-03-01 36 days 1,769 sqft
    2021-04-01 28 days 1,788 sqft
    2021-05-01 23 days 1,799 sqft
    2021-06-01 24 days 1,793 sqft
    2021-07-01 27 days 1,800 sqft
    2021-08-01 32 days 1,799 sqft
    2021-09-01 41 days 1,794 sqft
    2021-10-01 44 days 1,743 sqft
    2021-11-01 53 days 1,745 sqft
    2021-12-01 65 days 1,728 sqft
    2022-01-01 78 days 1,750 sqft
    2022-02-01 33 days 1,794 sqft
    2022-03-01 15 days 1,809 sqft
    2022-04-01 15 days 1,818 sqft
    2022-05-01 18 days 1,869 sqft
    2022-06-01 23 days 1,898 sqft
    2022-07-01 29 days 1,904 sqft
    2022-08-01 43 days 1,927 sqft
    2022-09-01 52 days 1,951 sqft
    2022-10-01 57 days 1,924 sqft
    2022-11-01 61 days 1,904 sqft
    2022-12-01 78 days 1,904 sqft
    2023-01-01 81 days 1,844 sqft
    2023-02-01 43 days 1,849 sqft
    2023-03-01 38 days 1,888 sqft
    2023-04-01 30 days 1,903 sqft
    2023-05-01 29 days 1,897 sqft
    2023-06-01 25 days 1,872 sqft
    2023-07-01 27 days 1,879 sqft
    2023-08-01 37 days 1,895 sqft
    2023-09-01 58 days 1,920 sqft
    2023-10-01 57 days 1,873 sqft
    2023-11-01 63 days 1,810 sqft
    2023-12-01 74 days 1,800 sqft
    2024-01-01 83 days 1,808 sqft
    2024-02-01 58 days 1,818 sqft
    2024-03-01 48 days 1,816 sqft
    Anchorage's median listing age (time on market) for 2024-03-01 was 48 days. This is 25% longer than the same period one year ago.

    Anchorage's median square footage for active listings during the 2024-03-01 period was 1,816 sqft. One year prior, the average listing was 1,888 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.