Alaska VA Loan Rates, Closing Costs & Stats

Alaska

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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.

    Alaska VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Alaska averaged 0.11% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.42% and one month ago for the week of 2024-10-11, the average rate was 5.99%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.21%.

    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.