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Alaska Mortgages (AK)
According to The Realty Times of Anchorage, the housing market in Alaska is ahead of last year. The pace of sales has increased over last year, which broke records for sales. The over-all economy of Alaska remains strong, as does that of Anchorage and the surrounding area. New housing construction will continue at a slower rate and more houses will come onto the market as homeowners look to upgrade. The value of houses continued to increase at an 11% rate, making a house in Alaska a good investment. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance.
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Quick Alaska Housing facts
Percent of Alaskans who own a home: 62.5%
Percent of Renters in Alaska: 37.5%
Median Alaska Household Income: $52,910
Average Alaska credit score: 674
Best City to live in Alaska: Anchorage, Alaska
Median Alaska Home Value: $144,200
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How much house can I afford in Alaska
One of biggest problems facing Alaska homebuyers is figuring out how much house they can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget.
Other things you may need to keep in mind when figuring out how much home you can afford in Alaska is: what is your current rent vs what your mortgage payment will be, how much are home taxes in Alaska, and what is your debt-to-income ratio. These are all important question to ask yourself when looking at a new home.
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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.
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| Type of Loan |
Rate* APR* |
| 5 Year ARM | 5.821% 5.033% |
| 15 Year Fixed | 5.243% 5.288% |
| 30 Year Fixed | 5.729% 5.717% |
| Home Equity Loan | 7.420% 5.740% |
| HELOC | 6.305% 6.990% |
| *Rate & APR Based on The Bradford Index |
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