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 6.53% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.38% and one month ago for the week of 2024-10-04, the average rate was 5.41%.

    The average rate one year ago was 7.17%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.59%.

    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%).

    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.