Alaska Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alaska averaged
6.19%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.58% and
one month ago for the week of 2024-11-07, the
average rate was 6.38%.
Alaska's average rate one year ago was 6.92%.
For refis of the same type during the week of 2024-12-12, the average rate
was 6.58%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Alaska 30 Year Fixed Rate | 2024-12-12 | 6.19% |
Alaska 30 Year Fixed Rate Refi | 2024-12-12 | 6.58% |
Alaska 15 Year Fixed Rate | 2024-12-12 | 5.77% |
Alaska 15 Year Fixed Rate Refi | 2024-12-12 | 5.74% |
Alaska 30 Year FHA | 2024-12-12 | 6.04% |
Alaska 30 Year FHA Refi | 2024-12-12 | 6.38% |
Alaska 30 Year USDA | 2024-12-12 | 5.83% |
Alaska 30 Year USDA Refi | 2024-12-12 | 6.1% |
Alaska 30 Year VA | 2024-12-12 | 6.15% |
Alaska 30 Year VA Refi | 2024-12-12 | 6.18% |
Alaska Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Alaska market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Alaska Average Closing Costs & Other Stats
Alaska's 120 lenders originated 9,499
loans during 2023. The total origination value was $3,068,845,000, with an average loan value of
$323,070.
Alaska's average closing costs are $6,206.
The top Alaska lender as defined by loan originations is Alaska USA Federal Credit Union, with
473 loans originated. Their average total fees are
$4,920, which is $733
lower than the next largest lender,
RESIDENTIAL MORTGAGE, LLC.
The lowest fee Alaska lenders (with over 10 loans originated) are
PREMIA MORTGAGE, LLC ($2,756), MATANUSKA VALLEY FEDERAL CREDIT UNION ($2,795), JPMorgan Chase Bank ($3,612), NBKC BANK ($4,245) and Alaska USA Federal Credit Union ($4,920).
The lowest rate Alaska lenders (with over 10 loans originated) are
CREDIT UNION 1 (5.91%), PREMIA MORTGAGE, LLC (6.22%), RESIDENTIAL MORTGAGE, LLC (6.24%), CALIBER HOME LOANS, INC. (6.25%) and AMERISAVE MORTGAGE CORPORATION (6.37%).
Alaska Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
RESIDENTIAL MORTGAGE, LLC | $659,320,000 | $442,405,000 | -32.9% | 14.4% |
Alaska USA Federal Credit Union | $44,920,000 | $364,025,000 | 710.4% | 11.9% |
NEWREZ LLC | $7,210,000 | $298,185,000 | 4,035.7% | 9.7% |
UNITED WHOLESALE MORTGAGE, LLC | $193,600,000 | $170,200,000 | -12.1% | 5.5% |
Mortgage Research Center, LLC | $165,720,000 | $135,345,000 | -18.3% | 4.4% |
MOVEMENT MORTGAGE, LLC | $123,220,000 | $125,410,000 | 1.8% | 4.1% |
QUICKEN LOANS, LLC | $197,090,000 | $110,735,000 | -43.8% | 3.6% |
First National Bank Alaska | $118,580,000 | $80,065,000 | -32.5% | 2.6% |
CORNERSTONE HOME LENDING, INC. | $80,155,000 | $78,055,000 | -2.6% | 2.5% |
GUARANTEED RATE, INC. | $77,805,000 | $63,695,000 | -18.1% | 2.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $91,085,000 | $62,095,000 | -31.8% | 2.0% |
CREDIT UNION 1 | $73,775,000 | $54,295,000 | -26.4% | 1.8% |
NAVY FEDERAL CREDIT UNION | $49,045,000 | $50,400,000 | 2.8% | 1.6% |
GUILD MORTGAGE COMPANY | $48,695,000 | $46,795,000 | -3.9% | 1.5% |
NuVision Federal Credit Union | $87,525,000 | $46,770,000 | -46.6% | 1.5% |
Wells Fargo Bank | $138,140,000 | $42,590,000 | -69.2% | 1.4% |
LOANDEPOT.COM, LLC | $81,015,000 | $40,370,000 | -50.2% | 1.3% |
KeyBank | $69,245,000 | $39,815,000 | -42.5% | 1.3% |
USAA Federal Savings Bank | $53,090,000 | $37,295,000 | -29.8% | 1.2% |
Mt. McKinley Bank | $50,375,000 | $36,995,000 | -26.6% | 1.2% |
Denali State Bank | $69,275,000 | $35,265,000 | -49.1% | 1.1% |
ACADEMY MORTGAGE CORPORATION | $87,840,000 | $29,375,000 | -66.6% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $29,780,000 | $27,440,000 | -7.9% | 0.9% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $40,405,000 | $26,415,000 | -34.6% | 0.9% |
GREYSTONE SERVICING COMPANY LLC | $26,045,000 | n/a | 0.8% | |
NBKC BANK | $25,680,000 | $24,020,000 | -6.5% | 0.8% |
Flagstar Bank, FSB | $21,665,000 | $22,200,000 | 2.5% | 0.7% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $29,015,000 | $20,450,000 | -29.5% | 0.7% |
CROSSCOUNTRY MORTGAGE, LLC | $27,690,000 | $20,135,000 | -27.3% | 0.7% |
MUTUAL OF OMAHA MORTGAGE, INC. | $6,425,000 | $17,010,000 | 164.7% | 0.6% |
SUN WEST MORTGAGE COMPANY, INC. | $7,325,000 | $16,755,000 | 128.7% | 0.5% |
GENEVA FINANCIAL, LLC | $290,000 | $15,990,000 | 5,413.8% | 0.5% |
North American Savings Bank, F.S.B. | $57,515,000 | $15,160,000 | -73.6% | 0.5% |
MATANUSKA VALLEY FEDERAL CREDIT UNION | $24,360,000 | $14,605,000 | -40.0% | 0.5% |
Paramount Residential Mortgage Group, Inc. | $4,035,000 | $14,410,000 | 257.1% | 0.5% |
Merchants Bank of Indiana | $10,780,000 | $14,310,000 | 32.7% | 0.5% |
The Federal Savings Bank | $12,845,000 | $14,300,000 | 11.3% | 0.5% |
WALKER & DUNLOP, LLC | $11,860,000 | $14,290,000 | 20.5% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $52,370,000 | $13,850,000 | -73.6% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $31,750,000 | $12,370,000 | -61.0% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $31,320,000 | $11,780,000 | -62.4% | 0.4% |
Plains Commerce Bank | $1,505,000 | $11,685,000 | 676.4% | 0.4% |
BROKER SOLUTIONS, INC. | $20,725,000 | $11,570,000 | -44.2% | 0.4% |
RESIDENTIAL BANCORP | $24,865,000 | $10,705,000 | -56.9% | 0.3% |
BMO Harris Bank | $2,815,000 | $9,950,000 | 253.5% | 0.3% |
CALIBER HOME LOANS, INC. | $309,190,000 | $9,895,000 | -96.8% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $21,805,000 | $9,795,000 | -55.1% | 0.3% |
Arbor Realty Trust, Inc. | $6,355,000 | $9,620,000 | 51.4% | 0.3% |
TRUE NORTH FEDERAL CREDIT UNION | $11,415,000 | $9,405,000 | -17.6% | 0.3% |
Bank of America | $19,295,000 | $8,570,000 | -55.6% | 0.3% |
NEW DAY FINANCIAL, LLC | $10,845,000 | $8,425,000 | -22.3% | 0.3% |
CMG MORTGAGE, INC. | $8,910,000 | $7,900,000 | -11.3% | 0.3% |
PREMIA MORTGAGE, LLC | $7,685,000 | $7,850,000 | 2.1% | 0.3% |
GUARANTY MORTGAGE SERVICE, INC. | $9,485,000 | $7,560,000 | -20.3% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $13,995,000 | $7,450,000 | -46.8% | 0.2% |
JPMorgan Chase Bank | $8,870,000 | $7,440,000 | -16.1% | 0.2% |
U.S. Bank | $14,140,000 | $7,165,000 | -49.3% | 0.2% |
UNION HOME MORTGAGE CORP. | $7,135,000 | n/a | 0.2% | |
VAN DYK MORTGAGE CORPORATION | $5,355,000 | $5,805,000 | 8.4% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $9,735,000 | $5,205,000 | -46.5% | 0.2% |
Truity Federal Credit Union | $4,145,000 | $4,680,000 | 12.9% | 0.2% |
Discover Bank | $2,135,000 | $4,515,000 | 111.5% | 0.1% |
SPIRIT OF ALASKA | $10,830,000 | $4,300,000 | -60.3% | 0.1% |
CARDINAL FINANCIAL | $4,075,000 | $4,160,000 | 2.1% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $395,000 | $3,875,000 | 881.0% | 0.1% |
Morgan Stanley Private Bank | $6,850,000 | $3,870,000 | -43.5% | 0.1% |
Barrington Bank & Trust Company, N.A. | $7,150,000 | $3,800,000 | -46.9% | 0.1% |
CRESCENT MORTGAGE COMPANY | $3,785,000 | $3,660,000 | -3.3% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $16,950,000 | $3,615,000 | -78.7% | 0.1% |
AMCAP MORTGAGE, LTD. | $1,720,000 | $3,465,000 | 101.5% | 0.1% |
AMERICAN FINANCING CORPORATION | $8,110,000 | $3,460,000 | -57.3% | 0.1% |
Coastal Community Bank | $3,330,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $2,350,000 | $3,260,000 | 38.7% | 0.1% |
ZILLOW HOME LOANS, LLC | $2,485,000 | $3,065,000 | 23.3% | 0.1% |
Carrington Mortgage Services, LLC | $3,760,000 | $3,055,000 | -18.8% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,590,000 | $3,055,000 | -33.4% | 0.1% |
Northpointe Bank | $2,080,000 | $3,050,000 | 46.6% | 0.1% |
The Huntington National Bank | $2,515,000 | n/a | 0.1% | |
Community First National Bank | $285,000 | $2,495,000 | 775.4% | 0.1% |
CANOPY MORTGAGE, LLC | $1,060,000 | $2,475,000 | 133.5% | 0.1% |
Armed Forces Bank | $3,905,000 | $2,340,000 | -40.1% | 0.1% |
The Loan Store, Inc. | $2,335,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $2,330,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $2,265,000 | n/a | 0.1% | |
American Mortgage & Equity Consultants, Inc. | $2,255,000 | n/a | 0.1% | |
M&T Bank | $930,000 | $2,160,000 | 132.3% | 0.1% |
ON Q FINANCIAL, INC. | $2,150,000 | n/a | 0.1% | |
Citibank | $1,965,000 | $2,125,000 | 8.1% | 0.1% |
Montecito Bank & Trust | $2,005,000 | n/a | 0.1% | |
TEMPLE VIEW CAPITAL FUNDING, LP | $805,000 | $1,985,000 | 146.6% | 0.1% |
Magnolia Bank | $3,790,000 | $1,895,000 | -50.0% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,115,000 | $1,885,000 | 69.1% | 0.1% |
Figure Lending LLC | $1,220,000 | $1,855,000 | 52.0% | 0.1% |
SaviBank | $1,800,000 | n/a | 0.1% | |
KINECTA | $195,000 | $1,705,000 | 774.4% | 0.1% |
UBS Bank USA | $800,000 | $1,695,000 | 111.9% | 0.1% |
Farmers Bank & Trust | $265,000 | $1,610,000 | 507.5% | 0.1% |
Wyndham Capital Mortgage, Inc. | $5,680,000 | $1,610,000 | -71.7% | 0.1% |
AMERICAN INTERNET MORTGAGE, INC. | $955,000 | $1,585,000 | 66.0% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $135,000 | $1,560,000 | 1,055.6% | 0.1% |
BETTER MORTGAGE CORPORATION | $22,700,000 | $1,530,000 | -93.3% | 0.0% |
WINGS FINANCIAL | $1,015,000 | $1,505,000 | 48.3% | 0.0% |
MID AMERICA MORTGAGE, INC. | $6,850,000 | $1,470,000 | -78.5% | 0.0% |
PLAZA HOME MORTGAGE, INC. | $1,305,000 | $1,430,000 | 9.6% | 0.0% |
Regions Bank | $2,305,000 | $1,305,000 | -43.4% | 0.0% |
PNC Bank | $2,715,000 | $1,265,000 | -53.4% | 0.0% |
Bank of England | $5,140,000 | $1,210,000 | -76.5% | 0.0% |
Chickasaw Community Bank | $3,000,000 | $1,165,000 | -61.2% | 0.0% |
Ally Bank | $4,620,000 | $1,160,000 | -74.9% | 0.0% |
LENDSURE MORTGAGE CORP. | $1,155,000 | n/a | 0.0% | |
MORTGAGE ACCESS CORP. | $1,365,000 | $1,130,000 | -17.2% | 0.0% |
Goldman Sachs Bank USA | $1,005,000 | n/a | 0.0% | |
MEMBER FIRST MORTGAGE, LLC | $2,475,000 | $965,000 | -61.0% | 0.0% |
First Savings Bank | $530,000 | $915,000 | 72.6% | 0.0% |
MidFirst Bank | $880,000 | $905,000 | 2.8% | 0.0% |
Axos Bank | $395,000 | $870,000 | 120.3% | 0.0% |
The Central Trust Bank | $2,295,000 | $855,000 | -62.7% | 0.0% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $2,880,000 | $850,000 | -70.5% | 0.0% |
PLANET HOME LENDING, LLC | $2,005,000 | $850,000 | -57.6% | 0.0% |
LONGBRIDGE FINANCIAL, LLC | $440,000 | $845,000 | 92.0% | 0.0% |
Heritage Bank | $675,000 | $825,000 | 22.2% | 0.0% |
Sunflower Bank | $780,000 | n/a | 0.0% | |
ADVANCIAL | $2,050,000 | $745,000 | -63.7% | 0.0% |
NP, Inc. | $1,335,000 | $735,000 | -44.9% | 0.0% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $730,000 | n/a | 0.0% | |
FINANCE OF AMERICA MORTGAGE LLC | $44,510,000 | $715,000 | -98.4% | 0.0% |
Toyota Financial Savings Bank | $705,000 | n/a | 0.0% | |
SIRVA MORTGAGE, INC. | $690,000 | $690,000 | 0.0% | 0.0% |
EVERETT FINANCIAL, INC. | $1,270,000 | $675,000 | -46.9% | 0.0% |
DOMINION FINANCIAL SERVICES, LLC | $185,000 | $645,000 | 248.6% | 0.0% |
COREVEST AMERICAN FINANCE LENDER LLC | $635,000 | n/a | 0.0% | |
Stride Bank | $355,000 | $615,000 | 73.2% | 0.0% |
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $605,000 | n/a | 0.0% | |
Willamette Valley Bank | $2,330,000 | $605,000 | -74.0% | 0.0% |
DEEPHAVEN MORTGAGE LLC | $595,000 | n/a | 0.0% | |
Ixonia Bank | $595,000 | n/a | 0.0% | |
Paramount Bank | $450,000 | $590,000 | 31.1% | 0.0% |
BAY-VALLEY MORTGAGE GROUP | $575,000 | n/a | 0.0% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $1,445,000 | $560,000 | -61.2% | 0.0% |
FBC MORTGAGE, LLC | $555,000 | n/a | 0.0% | |
First Internet Bank of Indiana | $1,490,000 | $555,000 | -62.8% | 0.0% |
Peoples Bank | $435,000 | $550,000 | 26.4% | 0.0% |
INTERCAP LENDING INC. | $235,000 | $535,000 | 127.7% | 0.0% |
Central Bank | $515,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $505,000 | n/a | 0.0% | |
Stifel Bank and Trust | $1,195,000 | $505,000 | -57.7% | 0.0% |
PHH Mortgage Corporation | $5,540,000 | $495,000 | -91.1% | 0.0% |
GUARANTEED RATE AFFINITY, LLC | $950,000 | $440,000 | -53.7% | 0.0% |
Nations Lending Corporation | $660,000 | $440,000 | -33.3% | 0.0% |
NFM, INC. | $340,000 | $420,000 | 23.5% | 0.0% |
AMWEST FUNDING CORP. | $3,115,000 | $405,000 | -87.0% | 0.0% |
First Western Trust Bank | $315,000 | $395,000 | 25.4% | 0.0% |
MANN FINANCIAL INC. | $390,000 | n/a | 0.0% | |
Commerce Home Mortgage, Inc. | $385,000 | n/a | 0.0% | |
Citizens Bank | $365,000 | n/a | 0.0% | |
GREENSTATE CREDIT UNION | $365,000 | n/a | 0.0% | |
Bank-Fund Staff Federal Credit Union | $355,000 | n/a | 0.0% | |
Bethpage Federal Credit Union | $400,000 | $345,000 | -13.8% | 0.0% |
Raymond James Bank | $750,000 | $335,000 | -55.3% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $330,000 | n/a | 0.0% | |
HomeStreet Bank | $965,000 | $305,000 | -68.4% | 0.0% |
SWBC MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
Commerce Bank | $285,000 | n/a | 0.0% | |
DIRECT MORTGAGE, CORP. | $285,000 | n/a | 0.0% | |
Evolve Bank & Trust | $1,020,000 | $285,000 | -72.1% | 0.0% |
Merchants Bank | $255,000 | n/a | 0.0% | |
Waterstone Mortgage Corporation | $255,000 | n/a | 0.0% | |
WESCOM CENTRAL CREDIT UNION | $255,000 | n/a | 0.0% | |
ADVANTAGE PLUS | $245,000 | n/a | 0.0% | |
AMERICAN FINANCIAL NETWORK, INC. | $235,000 | n/a | 0.0% | |
The State Bank of Faribault | $235,000 | n/a | 0.0% | |
Connexus Credit Union | $215,000 | n/a | 0.0% | |
GEORGIA'S OWN | $210,000 | n/a | 0.0% | |
GTE Federal Credit Union | $185,000 | n/a | 0.0% | |
EVANSVILLE TEACHERS | $155,000 | n/a | 0.0% | |
AXIA FINANCIAL, LLC | $1,650,000 | $135,000 | -91.8% | 0.0% |
The Fisher National Bank | $125,000 | n/a | 0.0% | |
MICHIGAN FIRST CREDIT UNION | $105,000 | n/a | 0.0% | |
DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $85,000 | $95,000 | 11.8% | 0.0% |
CHEVRON | $525,000 | $75,000 | -85.7% | 0.0% |
First National Bank of America | $225,000 | $65,000 | -71.1% | 0.0% |
State Department Federal Credit Union | $565,000 | $65,000 | -88.5% | 0.0% |
QUORUM FEDERAL CREDIT UNION | $1,055,000 | $45,000 | -95.7% | 0.0% |
NORTH COUNTRY | $35,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
Alaska's top lender by overall market share is RESIDENTIAL MORTGAGE, LLC, with 14.4% market share. In second place, with 11.9%, is Alaska USA Federal Credit Union, having originated $364,025,000 in loans. In third place, with 9.7%, is NEWREZ LLC, having originated $298,185,000 in loans. In fourth place, with 5.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $170,200,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $135,345,000 in loans.
Alaska Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 7,100 | $2,570,260,000 | $362,008 |
Cash Out Refi | 890 | $208,410,000 | $234,169 |
Other | 589 | $67,005,000 | $113,761 |
Home Improvement | 579 | $52,315,000 | $90,354 |
Refi | 340 | $170,250,000 | $500,735 |
NA | 1 | $605,000 | $605,000 |
Alaska's most frequently cited loan purpose was Home Purchase, with 7,100 originations. The 2nd most popular reason was Cash Out Refi, with 890 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 4,080 | $1,429,180,000 | $350,289 |
5-6% | 1,996 | $723,430,000 | $362,440 |
7-8% | 1,723 | $539,815,000 | $313,299 |
Over 8% | 978 | $142,540,000 | $145,746 |
4-5% | 268 | $78,140,000 | $291,567 |
3-4% | 64 | $19,460,000 | $304,063 |
2.5-3% | 52 | $20,040,000 | $385,385 |
<2.5% | 21 | $7,715,000 | $367,381 |
During 2023, Alaska's most frequently originated rate bucket was 6-7%, with 4,080 originations.
Loan Sizing (Alaska MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 4,508 | $1,368,780,000 | $303,634 |
$400k-600k | 1,934 | $915,700,000 | $473,475 |
$100k-200k | 1,364 | $203,530,000 | $149,216 |
$100,000 or less | 1,140 | $66,500,000 | $58,333 |
$600k-1000k | 483 | $345,325,000 | $714,959 |
$Over $1MM | 70 | $169,010,000 | $2,414,429 |
Alaska's loan sizing saw the bucket of loans from $200k-400k with 4,508 originations, totaling $1,368,780,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 4,709 | $1,753,405,000 | $372,352 |
60-80% | 1,669 | $615,625,000 | $368,859 |
Under 20% | 839 | $48,525,000 | $57,837 |
Over 100% | 676 | $294,850,000 | $436,169 |
20-40% | 633 | $102,905,000 | $162,567 |
40-60% | 594 | $151,410,000 | $254,899 |
Alaska's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,709 originations, totaling $1,753,405,000 in origination value.