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%.

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.