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.