Alaska VA Loan Rates, Closing Costs & Stats

Alaska

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.

Alaska VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Alaska averaged 5.95% for the week of 2024-12-06, compared to the national average (all VA variants) of 6.143% for the same period.

Alaska's average VA mortgage closing costs are $7,511.

The average rate for the prior week (2024-11-29) was 6.05% and one month ago for the week of 2024-11-01, the average rate was 6.11%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-12-06, the average rate was 5.96%.

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

Alaska 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 Alaska level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 360 6.74% $8,826
NEWREZ LLC 276 6.50% $11,722
UNITED WHOLESALE MORTGAGE, LLC 176 6.33% $10,024
RESIDENTIAL MORTGAGE, LLC 105 6.20% $10,039
MOVEMENT MORTGAGE, LLC 103 6.37% $12,138
Alaska USA Federal Credit Union 100 6.36% $7,975
NAVY FEDERAL CREDIT UNION 86 5.82% $8,583
USAA Federal Savings Bank 69 6.15% $11,092
QUICKEN LOANS, LLC 51 6.19% $14,033
GUARANTEED RATE, INC. 48 6.51% $9,269
CORNERSTONE HOME LENDING, INC. 40 6.23% $12,107
PENNYMAC LOAN SERVICES, LLC 39 5.52% $11,121
LOANDEPOT.COM, LLC 32 6.32% $13,039
NBKC BANK 31 5.91% $9,171
MUTUAL OF OMAHA MORTGAGE, INC. 29 6.23% $11,305
The Federal Savings Bank 28 6.37% $19,285
PRIMELENDING, A PLAINSCAPITAL COMPANY 28 6.14% $9,350
North American Savings Bank, F.S.B. 26 5.72% $11,437
GUILD MORTGAGE COMPANY 24 6.00% $10,395
CROSSCOUNTRY MORTGAGE, LLC 23 6.54% $10,100
NEW DAY FINANCIAL, LLC 22 7.27% $16,795
HOMEOWNERS FINANCIAL GROUP USA, LLC 16 6.36% $8,932
Plains Commerce Bank 16 6.49% $11,320
FREEDOM MORTGAGE CORPORATION 15 6.43% $15,985
Paramount Residential Mortgage Group, Inc. 13 7.21% $14,114
Wells Fargo Bank 12 5.98% $11,003
SUN WEST MORTGAGE COMPANY, INC. 12 6.00% $18,415
Flagstar Bank, FSB 12 5.80% $12,917
CALIBER HOME LOANS, INC. 10 6.24% $11,740
GENEVA FINANCIAL, LLC 10 6.84% $13,781
First National Bank Alaska 10 5.94% $11,545
PENTAGON FEDERAL CREDIT UNION 9 5.49% $5,813
Barrington Bank & Trust Company, N.A. 9 5.99% $16,967
VILLAGE CAPITAL MORTGAGE 8 6.11% $11,948
BROKER SOLUTIONS, INC. 8 6.72% $12,219
AMERISAVE MORTGAGE CORPORATION 8 6.11% $22,133
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.80% $7,318
CHURCHILL MORTGAGE CORPORATION 6 5.75% $14,842
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.33% $9,577
CMG MORTGAGE, INC. 5 5.58% $8,245
CRESCENT MORTGAGE COMPANY 5 6.05% $6,749
GUARANTY MORTGAGE SERVICE, INC. 5 6.48% $9,103
RESIDENTIAL BANCORP 5 6.70% $15,223
Magnolia Bank 5 6.70% $18,611
Armed Forces Bank 5 6.05% $8,902
Mr. Cooper ( Nationstar Mortgage ) 5 5.95% $19,825
NuVision Federal Credit Union 5 6.38% $11,159
CARDINAL FINANCIAL 4 6.63% $14,920
Community First National Bank 4 5.69% $23,181
Equity Prime Mortgage LLC 4 6.84% $14,758
CANOPY MORTGAGE, LLC 3 6.71% $13,303
AMERICAN FINANCING CORPORATION 3 6.50% $13,738
VAN DYK MORTGAGE CORPORATION 3 7.29% $7,383
PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.50% $10,727
AMCAP MORTGAGE, LTD. 2 5.69% $16,727
American Mortgage & Equity Consultants, Inc. 2 5.50% $8,051
Century Mortgage Company DBA Century Lending Company 2 6.31% $5,740
Farmers Bank & Trust 2 5.81% $4,738
KeyBank 2 6.44% $3,447
LAKEVIEW LOAN SERVICING, LLC 2 6.62% $16,832
ON Q FINANCIAL, INC. 2 7.75% $10,506
PLANET HOME LENDING, LLC 2 6.31% $18,025
PREMIA MORTGAGE, LLC 2 5.69% $807
ACADEMY MORTGAGE CORPORATION 2 5.94% $18,189
Prosperity Home Mortgage, LLC 2 6.50% $7,333
Wyndham Capital Mortgage, Inc. 1 5.13% $11,574
Northpointe Bank 1 6.75% $27,716
Nations Lending Corporation 1 6.25% $6,728
ZILLOW HOME LOANS, LLC 1 5.50% $5,942
Ixonia Bank 1 5.75% $28,535
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $17,468
GUARANTEED RATE AFFINITY, LLC 1 6.25% $6,464
Stride Bank 1 7.00% $6,070
Sunflower Bank 1 5.63% $19,105
First Western Trust Bank 1 5.75% $9,823
FINANCE OF AMERICA MORTGAGE LLC 1 4.38% $32,499
UNION HOME MORTGAGE CORP. 1 7.13% $9,016
FBC MORTGAGE, LLC 1 6.25% $11,773
CREDIT UNION 1 1 5.75% $8,790
U.S. Bank 1 6.50% $7,682
Bank of England 1 6.25% $20,392
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $22,715
Paramount Bank 1 6.25% $10,448
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $7,380
PLAZA HOME MORTGAGE, INC. 1 6.63% $22,686
Willamette Valley Bank 1 7.13% $4,800

The top Alaska VA lender as defined by loan originations is Mortgage Research Center, LLC, with 360 VA loans originated. Their average total fees are $8,826, which is $2,896 lower than the next largest lender, NEWREZ LLC.

The lowest fee Alaska VA lenders (with over 10 loans originated) are Alaska USA Federal Credit Union ($7,975), NAVY FEDERAL CREDIT UNION ($8,583), Mortgage Research Center, LLC ($8,826), HOMEOWNERS FINANCIAL GROUP USA, LLC ($8,932) and NBKC BANK ($9,171).

The lowest rate Alaska VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.52%), North American Savings Bank, F.S.B. (5.72%), Flagstar Bank, FSB (5.80%), NAVY FEDERAL CREDIT UNION (5.82%) and NBKC BANK (5.91%).

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.