Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 5.990% | 6.183% |
| Purchase | Fixed mortgage | 15 years | 5.250% | 5.538% |
| Refinance | Fixed mortgage | 30 years | 5.874% | 6.045% |
| Refinance | Fixed mortgage | 15 years | 5.250% | 5.553% |
| Refinance | Fixed mortgage | 10 years | 5.125% | 5.453% |
| Cash-out refinance | Fixed mortgage | 30 years | 6.125% | 6.304% |
| Home equity | HELOC | Revolving | 7.000% | 7.000% |
| Home equity | Home equity loan | Fixed term | 7.875% | 8.312% |
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Compare AK Mortgage Refinance Offers
Lower Your Interest Rate in Alaska
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in Alaska
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in Alaska
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
Alaska Mortgage Rates
Relocating to Alaska offers a unique opportunity to embrace a serene and captivating lifestyle amidst breathtaking natural landscapes. With its pristine wilderness, diverse wildlife, and tight-knit communities, Alaska provides a refreshing contrast to urban living, making it an alluring destination for those seeking adventure and tranquility.
Editorial note: Some state-specific details are temporarily unavailable. The current rate table above is unaffected.
Common Alaska Loan Types:
- Alaska conventional mortgages: Mortgage requirements and rates in Alaska may vary based on your location and financial situation. Conventional mortgages are a popular type of home loan not insured or guaranteed by the federal government. Typically offered by banks and private lenders, these loans often require higher credit scores and down payments compared to government-backed loans, but they provide borrowers with greater flexibility and potentially lower interest rates.
- Alaska FHA loans: These are home loans backed by the Federal Housing Administration and offered throughout the U.S. FHA loans are typically offered to first-time homebuyers and designed for low- to moderate-income borrowers with lower credit scores.
- Alaska VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare Alaska Mortgage Rates
Mortgage pricing available in Alaska varies by loan type, lender, borrower profile, property, points, and market timing. Compare rate, APR, points, fees, eligibility, and lock period using the same loan scenario.