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 6.34% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Alaska's average VA mortgage closing costs are $7,737.

    The average rate for the prior week (2025-03-28) was 6.26% and one month ago for the week of 2025-02-28, the average rate was 6.24%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.74%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 371 6.34% $8,052
    NEWREZ LLC 261 6.38% $11,192
    UNITED WHOLESALE MORTGAGE, LLC 154 6.05% $10,373
    RESIDENTIAL MORTGAGE, LLC 129 6.04% $10,792
    Alaska USA Federal Credit Union 120 6.16% $8,550
    PENNYMAC LOAN SERVICES, LLC 92 5.53% $8,459
    QUICKEN LOANS, LLC 81 6.08% $13,241
    MOVEMENT MORTGAGE, LLC 80 6.11% $11,550
    FREEDOM MORTGAGE CORPORATION 78 6.00% $9,918
    USAA Federal Savings Bank 71 6.23% $8,740
    NAVY FEDERAL CREDIT UNION 70 5.86% $7,697
    The Loan Store, Inc. 53 5.97% $10,663
    GUARANTEED RATE, INC. 51 6.14% $8,767
    The Federal Savings Bank 35 6.21% $20,325
    NBKC BANK 34 6.00% $6,728
    VILLAGE CAPITAL MORTGAGE 33 5.74% $7,519
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 33 6.34% $11,859
    CORNERSTONE HOME LENDING, INC. 30 6.03% $12,734
    PRIMELENDING, A PLAINSCAPITAL COMPANY 29 6.02% $7,396
    CANOPY MORTGAGE, LLC 27 6.00% $13,653
    GUILD MORTGAGE COMPANY 26 5.68% $9,808
    CROSSCOUNTRY MORTGAGE, LLC 26 6.11% $7,625
    LAKEVIEW LOAN SERVICING, LLC 25 5.86% $6,089
    LOANDEPOT.COM, LLC 23 6.05% $10,251
    North American Savings Bank, F.S.B. 23 5.76% $14,253
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.30% $13,905
    PLAZA HOME MORTGAGE, INC. 15 5.67% $11,211
    Barrington Bank & Trust Company, N.A. 13 5.99% $10,882
    BROKER SOLUTIONS, INC. 12 6.12% $16,694
    Paramount Residential Mortgage Group, Inc. 11 6.34% $14,668
    HOMEOWNERS FINANCIAL GROUP USA, LLC 11 6.14% $10,425
    PLANET HOME LENDING, LLC 10 5.73% $4,536
    Century Mortgage Company DBA Century Lending Company 10 6.01% $7,905
    AmeriHome Mortgage Company, LLC 10 6.35% $4,919
    Armed Forces Bank 9 6.40% $8,162
    NEW DAY FINANCIAL, LLC 9 7.80% $13,938
    Plains Commerce Bank 9 6.01% $11,023
    CMG MORTGAGE, INC. 8 6.31% $14,646
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 6.31% $11,734
    GENEVA FINANCIAL, LLC 8 6.38% $11,748
    Magnolia Bank 8 6.06% $20,108
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 5.73% $821
    First National Bank Alaska 7 6.16% $7,916
    Mr. Cooper ( Nationstar Mortgage ) 7 6.00% $11,667
    Flagstar Bank, FSB 7 5.39% $10,888
    SUN WEST MORTGAGE COMPANY, INC. 6 6.19% $9,042
    UNION HOME MORTGAGE CORP. 5 6.18% $10,179
    AMERICAN FINANCING CORPORATION 5 6.05% $14,170
    Wells Fargo Bank 5 6.20% $10,265
    MUTUAL OF OMAHA MORTGAGE, INC. 5 5.65% $12,611
    Prosperity Home Mortgage, LLC 5 5.80% $11,710
    CITY FIRST MORTGAGE SERVICES, L.L.C. 4 5.75% $16,597
    First Federal Bank 4 5.69% $10,981
    NP, Inc. 4 6.75% $6,290
    NuVision Federal Credit Union 4 5.84% $10,313
    AMERISAVE MORTGAGE CORPORATION 3 5.92% $26,799
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.33% $15,787
    CREDIT UNION 1 3 6.08% $6,409
    TRUE NORTH FEDERAL CREDIT UNION 3 6.38% $5,800
    U.S. Bank 3 6.33% $12,734
    ENVOY MORTGAGE, LTD 2 5.94% $4,494
    Farmers Bank & Trust 2 5.75% $6,841
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $1,886
    CHURCHILL MORTGAGE CORPORATION 2 6.94% $12,531
    PREMIA MORTGAGE, LLC 2 5.31% $8,829
    AMERICAN FINANCIAL RESOURCES, INC. 2 5.75% $19,510
    AMERICAN FINANCIAL NETWORK, INC. 2 6.31% $20,408
    BETTER MORTGAGE CORPORATION 1 6.50% $6,471
    RESIDENTIAL BANCORP 1 6.13% $674
    Bank of England 1 6.75% $17,953
    S1L, Inc. 1 6.25% $29,209
    Sierra Pacific Mortgage Company, Inc. 1 6.00% $8,359
    Chickasaw Community Bank 1 6.63% $20,101
    PHH Mortgage Corporation 1 5.63% $5,475
    DIRECTORS MORTGAGE, INC. 1 6.88% $24,363
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $16,138
    Evolve Bank & Trust 1 5.75% $6,597
    Exchange Bank 1 5.38% $13,891
    KeyBank 1 6.00% $4,277
    Nations Lending Corporation 1 5.75% $11,727
    GoPrime Mortgage, Inc. 1 6.50% $11,296
    BOKF 1 6.63% $6,024
    ZILLOW HOME LOANS, LLC 1 6.75% $575

    The top Alaska VA lender as defined by loan originations is Mortgage Research Center, LLC, with 371 VA loans originated. Their average total fees are $8,052, which is $3,140 lower than the next largest lender, NEWREZ LLC.

    The lowest fee Alaska VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,536), AmeriHome Mortgage Company, LLC ($4,919), LAKEVIEW LOAN SERVICING, LLC ($6,089), NBKC BANK ($6,728) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,396).

    The lowest rate Alaska VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.53%), PLAZA HOME MORTGAGE, INC. (5.67%), GUILD MORTGAGE COMPANY (5.68%), PLANET HOME LENDING, LLC (5.73%) and VILLAGE CAPITAL MORTGAGE (5.74%).

    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.