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Financing in Anchorage : Real Estate Advice

  • All134
  • Local Info6
  • Home Buying36
  • Home Selling9
  • Market Conditions9

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?
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Sun Aug 3, 2014
Lisa Fraser answered:

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 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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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
Phone:907-261-3426 Fax 375-5095
Cell 244-9368 Toll Free: 800-737-3033 Ext. 3426 
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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
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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