Alaska Residential Real Estate Loan Rates

  • Effective as of April 1, 2020
  • For more information please contact us
  • APR = Annual Percentage Rate

Interest Rates are subject to change without notice and may vary based on your credit history, loan amount and/or property type. Actual APR on some loans may be higher based on loan amount and terms selected.

Owner Occupied First Deed of Trust: Single Family Residence

Loan Term Max Loan to Value Interest Rate APR
10 years a 95% 3.000% 3.408%
15 years b 95% 3.000% 3.280%
20 years c 95% 3.250% 3.470%
30 years d 95% 3.125% 3.279%

Owner Occupied Second Deed of Trust: Single Family Residence

Loan Term Max Loan to Value Interest Rate APR
Up to 7 years f 80% 6.750% 6.995%
Up to 15 years g 80% 7.750% 7.913%

Recreational Cabin: Primary Residence or a Second Home

Loan Term Max Loan to Value Interest Rate APR
15 years e 75% 6.50% 6.648%

Improved Residential Land: Residential Lot with Improvements

Loan Term Max Loan to Value Interest Rate APR
8 years h 70% 6.850% 7.274%
12 years i 70% 7.350% 7.663%

Un-Improved Residential Land: Residential Lot or Small Tracts not for Development

Loan Term Max Loan to Value Interest Rate APR
8 years j 60% 6.850% 7.274%
12 years k 60% 7.350% 7.663%

Home Equity Line First Deed of Trust

Loan Term Max Loan to Value Base Interest Rate Rate Floor Rate Ceiling
7 year draw 80% Prime + 0.25% 5.00% 15.00%

Maximum Loan amount $500,000, No Loan Origination Fee. Current Prime Rate: 4.750%

Home Equity Line Second Deed of Trust

Max Loan amount $300,000, No Loan Origination Fee. Current Prime Rate: 4.750%

Loan Term Max Loan to Value Base Interest Rate Rate Floor Rate Ceiling
7 year draw 70% Prime + 0.75% 5.00% 15.00%

Notes:

a

Assumes a 20% down payment on a loan amount of $100,000 and a minimum credit score of 740.
The monthly payment in this example is $965.61, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
b

Assumes a 20% down payment on a loan amount of $100,000 and a minimum credit score of 740.
The monthly payment in this example is $690.58, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
c

Assumes a 20% down payment on a loan amount of $100,000 and a minimum credit score of 740.
The monthly payment in this example is $567.20, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
d

Assumes a 20% down payment on a loan amount of $100,000 and a minimum credit score of 740.
The monthly payment in this example is $428.38, which could change if reserves are held for insurance and /or taxes. Other risk based pricing factors may also affect the payment and APR.
e

Assumes a 25% down payment on a loan amount of $100,000 and a minimum credit score of 740.
The monthly payment in this example is $871.11, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
f

Assumes a 20% down payment on a loan amount of $50,000 and a minimum credit score of 740.
The monthly payment in this example is $748.54, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
g

Assumes a 20% down payment on a loan amount of $50,000 and a minimum credit score of 740.
The monthly payment in this example is $470.64, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
h

Assumes a 30% down payment on a loan amount of $50,000 and a minimum credit score of 740.
The monthly payment in this example is $677.96, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
i

Assumes a 30% down payment on a loan amount of $50,000 and a minimum credit score of 740.
The monthly payment in this example is $523.57, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
j

Assumes a 40% down payment on a loan amount of $50,000 and a minimum credit score of 740.
The monthly payment in this example is $677.96, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.
k

Assumes a 40% down payment on a loan amount of $50,000 and a minimum credit score of 740.
The monthly payment in this example is $523.57, which could change if reserves are held for insurance and/or taxes. Other risk based pricing factors may also affect the payment and APR.

MVFCU NMLS#418470