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| 30 Year Fixed Rate Conventional |
| 15 Year Fixed Rate Conventional |
| FHA 30 Year Fixed Rate |
| FHA 15 Year Fixed Rate |
| VA 30 Year Fixed Rate |
| VA 15 Year Fixed Rate |
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30 Year Fixed Rate Conventional
The 30 year fixed rate loan means that your interest rate is determined at the time of lock-in and remains the same for the term of the loan. Interest rate lock-in can happen as early as Pre-approval.
Down payment on a purchase can be as low as 0%, with no income limit or first-time home buyer requirements. Secondary financing solutions are also available to credit qualified buyers who would like to avoid mortgage insurance but who don’t have a full 20% of the purchase price to put down.
Term: 30 years
Maximum Amount: $625,500
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15 Year Fixed Rate Conventional
The 15 Year Fixed Rate Conventional loan means your interest rate is determined at the time of lock-in and remains the same for the term of the loan. Interest rate lock-in can happen as early as Pre-approval.
Down payment on a purchase can be as low as 0%, with no income limit or first-time home buyer requirements. Secondary financing solutions are also available to credit qualified buyers who would like to avoid mortgage insurance but who don’t have a full 20% of the purchase price to put down.
Term: 15 years
Maximum Amount: $625,500
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FHA 30 Year Fixed Rate
Federal Housing Administration (FHA)-insured loans offer many benefits and a level of security that you won't find in other loans including:
Low cost: FHA-insured loans have competitive interest rates because the federal government insures the loans.
Smaller down payment: FHA-insured loans have a low 3.5% down payment and the money can come from a family member, employer or charitable organization as a gift.
Easier qualification: Because FHA insures your mortgage, you may receive loan terms that will make it easier for you to qualify.
Less than perfect credit: You don't have to have perfect credit to get an FHA-insured mortgage. In fact, even if you have had credit problems, such as bankruptcy, it's easier for you to qualify for an FHA-insured loan than a conventional loan.
More protection to keep your home: The FHA has been helping people since 1934. Should you encounter hard times after buying your home, the FHA has many options to keep you in your home and avoid foreclosure.
Please contact us to see if you qualify.
Term: 30 years
Maximum Amount: $625,500
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FHA 15 Year Fixed Rate
Please see the description under FHA 30 Year Fixed Rate.
Term: 15 years
Maximum Amount: $625,500
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VA 30 Year Fixed Rate
For Veterans, Alaska Pacific Mortgage offers VA guaranteed loans to provide a no down-payment option in all areas of Alaska. With the current maximum guaranty, a veteran who hasn't previously used the benefit may be able to obtain a VA loan up to $625,000 for loan in Alaska, depending on the borrower's income level and the appraised value of the property.
Term: 30 years
Maximum Amount: $625,500
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VA 15 Year Fixed Rate
For Veterans, Alaska Pacific Mortgage offers VA guaranteed loans to provide a no down-payment option in all areas of Alaska. With the current maximum guaranty, a veteran who hasn't previously used the benefit may be able to obtain a VA loan up to $625,000 for loan in Alaska, depending on the borrower's income level and the appraised value of the property.
Term: 30 years
Maximum Amount: $625,500
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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