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Financing in Anchorage : Real Estate Advice

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  • Home Buying36
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Activity 5
Wed Aug 19, 2015
Forgivennt4saken asked:
Anyone know of a va approved lender that can do a va loan for credit score in the 580's?
0 votes 0 Answers Share Flag
Sun Aug 3, 2014
Lisa Fraser answered:
Ed,

Just to expound on Luke's response. Properties within the Municipality of Anchorage would not qualify for a USDA Rural loan. For more information on loan programs and interest rate reductions I would check out the Alaska Housing Finance Corporation website at www.ahfc.state.ak.us. But, again, I would go and speak with a local lender and find out exactly what you would qualify for and any programs that may be available for you. I stress, a local lender. As you know, things here operate a bit differently than they do Outside and not all shop-for-the-cheapest-rates lenders will know about all programs available.

Lisa M. Fraser
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1 vote 10 answers Share Flag
Sat May 12, 2012
Derek Huit answered:
There is two programs that allow for zero down payment. The VA loan program and USDA rural Develpment program. All others loan products require that you do need a down payment. Depending on the program 3.5% for FHA, and 3% or 5% for Conventional. And of course 20% down saves you money on the mortgage insurance. There are many options for mortgage insurance and different cost between lenders As a Senior Mortgage Loan Originator with Alaska USA Mortgage i would advise shoping around for the best investment options that are available .

Derek Huit
NMLS Unique Identifier #203980
Senior Mortgage Loan Originator
Alaska USA Mortgage Company
Mortgage License #Ak157293
500 W 36th Avenue #110
Anchorage, Alaska 99503
d.huit@alaskausamortgage.com
Phone:907-261-3426 Fax 375-5095
Cell 244-9368 Toll Free: 800-737-3033 Ext. 3426
www.derekhuit.com 
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Mon May 7, 2012
Tina Lam answered:
The key item to look for is the priority of the loan you're assuming. That will determine if you can get a refi.
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Mon Apr 16, 2012
answered:
hi Oracle, it is not clear from your question if you plan to continue working in Ohio, but buying in Tenn and still just visiting TN every 5 weeks or if you plan to work in TN as well. That would be a key question to know in terms of qualifying for the FHA products.
Happy to help, Jim. American Bank, 703 615 4675
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