Alaska USDA Loan Rates, Closing Costs & Stats

Alaska

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Alaska USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Alaska averaged 6.06% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

Alaska's average USDA mortgage closing costs are $6,109.

The average rate for the prior week (2024-10-04) was 5.95% and one month ago for the week of 2024-09-06, the average rate was 5.94%.

The average rate one year ago was 7.14%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.06%.

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

Alaska USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Alaska level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CORNERSTONE HOME LENDING, INC. 20 6.21% $11,222
MOVEMENT MORTGAGE, LLC 8 6.56% $8,297
Alaska USA Federal Credit Union 6 6.04% $8,839
NEWREZ LLC 5 6.03% $5,737
RESIDENTIAL MORTGAGE, LLC 3 6.38% $5,647
GENEVA FINANCIAL, LLC 3 6.38% $14,699
UNITED WHOLESALE MORTGAGE, LLC 3 6.08% $10,083
GUARANTEED RATE, INC. 1 5.75% $8,165
Century Mortgage Company DBA Century Lending Company 1 6.63% $6,670
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,553
ACADEMY MORTGAGE CORPORATION 1 5.75% $8,283
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $9,111
TRUE NORTH FEDERAL CREDIT UNION 1 6.75% $8,148

The top Alaska USDA lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 20 USDA loans originated. Their average total fees are $11,222, which is $2,926 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Alaska USDA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. ($11,222), .

The lowest rate Alaska USDA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. (6.21%), .