Compare Mortgage Rates in Alaska – Last updated: February 2026

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Alaska Mortgage Rates

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Brian McKay

Current Alaska Mortgage Rates & the Surrounding Area

First Bank Ketchikan, AK has a Alaska Housing 30 Year Fixed Rate 1st Time Homebuyer Tax Exempt available at 5.375%. First Bank Ketchikan, AK is offering a Alaska Housing 30 Year Fixed Rate Veterans Mortgage Program in Alaska with a rate of 5.375%. Current rates from Credit Union 1 Credit Union include a 30-Year Fixed First time Homebuyer Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo) at 5.375% (APR 5.560%). For homebuyers in Alaska, First Bank Ketchikan, AK lists a Alaska Housing 30 Year Fixed Rate Rural Property at 5.500%.

Find the best mortgage and refinance rates in Alaska today. Our real-time rate table below compares offers from top lenders to help you secure the lowest interest rate for your home loan. Use our free mortgage calculators to plan your purchase.

The following rates for informational purposes only, reflect recent market quotes and representative offers available to Alaska borrowers. Actual mortgage rates may vary by lender, credit profile, and market conditions.

Last Updated: February 17, 2026

Current Mortgage Rates in Alaska and the surrounding area

• Alaska Housing 30 Year Fixed Rate 1st Time Homebuyer Tax Exempt:
5.375%
• Alaska Housing 30 Year Fixed Rate Veterans Mortgage Program:
5.375%
• 30-Year Fixed First time Homebuyer Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo):
5.375%
• Alaska Housing 30 Year Fixed Rate Rural Property:
5.500%
• Alaska Housing 30 Year Fixed Rate Taxable First Time Homebuyer:
5.750%

Rates displayed are for informational purposes only. Actual offers depend on credit score and profile. Verify terms with the lender.

Last Updated: February 17, 2026

Types of rates available in Alaska include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in Alaska listed below.

Bank or Credit Union

Product

Rate

APR

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

Alaska Housing 30 Year Fixed Rate 1st Time Homebuyer Tax Exempt

5.375%

5.466%

▼

Interest Rate 5.375%

APR 5.466%

Points 0.000

Last Updated 02/17/2026

Loan Details

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

Alaska Housing 30 Year Fixed Rate Veterans Mortgage Program

5.375%

5.466%

▼

Interest Rate 5.375%

APR 5.466%

Points 0.000

Last Updated 02/17/2026

Loan Details

Credit Union 1 Credit Union 111 Lower Mill Bay Rd, Anchorage, AK 99501 3411

30-Year Fixed First time Homebuyer Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo)

5.375%

5.560%

▼

Interest Rate 5.375%

APR 5.560%

Points 0.000

Last Updated 02/17/2026

Loan Details

Based on a $100,000 loan for the specified term. Income limitations apply. Maximum term: 30 years

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

Alaska Housing 30 Year Fixed Rate Rural Property

5.500%

5.591%

▼

Interest Rate 5.500%

APR 5.591%

Points 0.000

Last Updated 02/17/2026

Loan Details

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

Alaska Housing 30 Year Fixed Rate Taxable First Time Homebuyer

5.750%

5.843%

▼

Interest Rate 5.750%

APR 5.843%

Points 0.000

Last Updated 02/17/2026

Loan Details

Credit Union 1 Credit Union 111 Lower Mill Bay Rd, Anchorage, AK 99501 3411

30-Year Fixed Owner Occupied 1st Deed of Trust Single Family - 4-Plex or Approved/Eligible Condo

5.750%

5.940%

▼

Interest Rate 5.750%

APR 5.940%

Points 0.000

Last Updated 02/17/2026

Loan Details

Based on a $100,000 loan for the specified term

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

Alaska Housing 30 Year Fixed Rate Taxable

5.875%

5.968%

▼

Interest Rate 5.875%

APR 5.968%

Points 0.000

Last Updated 02/17/2026

Loan Details

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

30 year fixed

6.000%

6.094%

▼

Interest Rate 6.000%

APR 6.094%

Points 0.000

Last Updated 02/17/2026

Loan Details

Ketchikan, AK

Alaska Air Group Federal Credit Union 1048 W Intl Airport Rd Ste 102, Anchorage, AK 99518 1077

30 Year Fixed Home Mortgage

5.875%

6.103%

▼

Interest Rate 5.875%

APR 6.103%

Points 0.000

Last Updated 02/17/2026

Loan Details

Alaska Air Group Federal Credit Union 1048 W Intl Airport Rd Ste 102, Anchorage, AK 99518 1077

FHA 30 Year Fixed

5.250%

6.104%

▼

Interest Rate 5.250%

APR 6.104%

Points 0.000

Last Updated 02/17/2026

Loan Details

First Bank Ketchikan, AK 203 Lake St, Craig, AK 99801

Alaska Housing 30 Year Fixed Rate Nonconforming 1

6.125%

6.220%

▼

Interest Rate 6.125%

APR 6.220%

Points 0.000

Last Updated 02/17/2026

Loan Details

Alaska Air Group Federal Credit Union 1048 W Intl Airport Rd Ste 102, Anchorage, AK 99518 1077

Jumbo 30 Year Fixed

6.250%

6.431%

▼

Interest Rate 6.250%

APR 6.431%

Points 0.000

Last Updated 02/17/2026

Loan Details

Alaska Air Group Federal Credit Union 1048 W Intl Airport Rd Ste 102, Anchorage, AK 99518 1077

30 Year Fixed Home Mortgage (investment property)

6.375%

6.621%

▼

Interest Rate 6.375%

APR 6.621%

Points 0.000

Last Updated 02/17/2026

Loan Details

Disclaimer

Mortgage Loan Options in Alaska

Navigating the home loan market in Alaska requires a clear understanding of the diverse financing paths available. Whether you are looking for long-term stability or a low down payment, Alaska lenders offer several key products tailored to your specific financial profile and homeownership goals.

Common Financing Paths in Alaska

Choosing the right mortgage can save you thousands of dollars over the life of your loan. Here are the primary options available to residents in the Alaska area:

Alaska Fixed-Rate Mortgages: This is the most popular choice for homeowners in Alaska seeking predictability. With a fixed rate, your interest remains locked for the entire term (typically 15 or 30 years), ensuring your monthly principal and interest payments never change regardless of market fluctuations.
Alaska Adjustable-Rate Mortgages (ARMs): ARMs often start with a lower "teaser" rate for an initial period—such as 5, 7, or 10 years—before adjusting based on current market conditions. This can be a savvy choice for Alaska buyers who plan to move or refinance before the first adjustment period begins.
Alaska FHA Loans: Insured by the Federal Housing Administration, these loans are a vital resource for borrowers in Alaska with lower credit scores or limited savings for a down payment. FHA guidelines typically allow for down payments as low as 3.5%.
Alaska VA Loans: Available to veterans, active-duty service members, and eligible surviving spouses, VA loans in Alaska offer highly competitive rates and often require no down payment and no monthly private mortgage insurance (PMI).

Use Our Mortgage Calculators to Plan Your Purchase

Before committing to a property in Alaska, run the numbers to ensure the mortgage fits your budget. Use our free tools to compare scenarios:

Mortgage Payment Calculator Estimate your monthly payment including principal, interest, taxes, and insurance. Calculate Payment

Mortgage Affordability Calculator See how your loan balance decreases over time and how much interest you will pay. View Schedule

Refinance Calculator Determine if refinancing your current Alaska loan will save money. Check Savings

Rent vs. Buy Calculator Find out how much a lender might lend you based on your income and debts. See How Much

How to Compare Mortgage Rates in Alaska

Analyze the APR, not just the RateThe interest rate is the cost of borrowing money, but the APR (Annual Percentage Rate) includes points and fees. The APR gives you a more accurate picture of the true cost of the loan.
Calculate the Impact of PointsDiscount points are fees paid upfront to lower your interest rate. Calculate the "break-even" period (cost of points divided by monthly savings) to see if paying points makes sense for how long you plan to stay in the home.
Compare Loan EstimatesDon't just look at advertised rates. Request official Loan Estimates from at least three different lenders in Alaska. These documents standardize costs, making it easier to compare apples to apples.
Check Your Credit ScoreYour credit score significantly impacts the rate you are offered. Ensure your credit report is accurate before applying, as a higher score can save you thousands over the life of the loan.

Frequently Asked Questions for Alaska

What are the current mortgage rates in Alaska? ▼

Below is a list of current mortgage rates available for Alaska. We track lenders daily to provide the most up-to-date interest rates, APRs, and point costs.

Lender / Product

Rate

APR

First Bank Ketchikan, AK

Alaska Housing 30 Year Fixed Rate 1st Time Homebuyer Tax Exempt

5.375%

5.466%

First Bank Ketchikan, AK

Alaska Housing 30 Year Fixed Rate Veterans Mortgage Program

5.375%

5.466%

Credit Union 1 Credit Union

30-Year Fixed First time Homebuyer Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo)

5.375%

5.560%

First Bank Ketchikan, AK

Alaska Housing 30 Year Fixed Rate Rural Property

5.500%

5.591%

First Bank Ketchikan, AK

Alaska Housing 30 Year Fixed Rate Taxable First Time Homebuyer

5.750%

5.843%

Lender / Product

Rate

APR

Credit Union 1 Credit Union

30-Year Fixed Owner Occupied 1st Deed of Trust Single Family - 4-Plex or Approved/Eligible Condo

5.750%

5.940%

First Bank Ketchikan, AK

Alaska Housing 30 Year Fixed Rate Taxable

5.875%

5.968%

First Bank Ketchikan, AK

30 year fixed

6.000%

6.094%

Alaska Air Group Federal Credit Union

30 Year Fixed Home Mortgage

5.875%

6.103%

Alaska Air Group Federal Credit Union

FHA 30 Year Fixed

5.250%

6.104%

Rates displayed are for informational purposes only. Actual offers depend on credit score and profile. Verify terms with the lender.

Last Updated: February 17, 2026

What is a conforming mortgage in Alaska? ▼

A conforming mortgage meets the dollar limits set by the Federal Housing Finance Agency (FHFA). These loans can be purchased by Fannie Mae and Freddie Mac, which typically results in lower interest rates compared to jumbo loans.

What is a jumbo loan in Alaska? ▼

A jumbo loan is a mortgage that exceeds the conforming loan limits set by the FHFA. Because these loans cannot be sold to Fannie Mae or Freddie Mac, lenders take on more risk, often resulting in slightly higher interest rates or stricter credit requirements.

What are FHA loans? ▼

FHA loans are mortgages insured by the Federal Housing Administration. They are popular among first-time buyers because they allow for lower credit scores and smaller down payments. FHA rates are often competitive because the government guarantee reduces the lender's risk.

What factors affect mortgage rates in Alaska? ▼

Mortgage rates in Alaska are influenced by national economic trends, the Federal Reserve's monetary policy, and inflation. On a personal level, your credit score, down payment amount, and debt-to-income ratio will significantly impact the rate you are offered.

Is now a good time to refinance in Alaska? ▼

Refinancing in Alaska can be beneficial if current rates are lower than your existing mortgage rate, or if you want to shorten your loan term. Consider the closing costs and how long you plan to stay in the home to ensure the break-even point makes financial sense.

What is the difference between a fixed-rate and adjustable-rate mortgage? ▼

A fixed-rate mortgage maintains the same interest rate for the entire life of the loan, providing predictable monthly payments. An adjustable-rate mortgage (ARM) has a rate that can change after an initial fixed period, which might result in lower initial payments but carries the risk of rate increases later.

How does my credit score affect my mortgage rate? ▼

Your credit score is a major determinant of your mortgage rate. Borrowers with higher credit scores (typically 760 and above) qualify for the lowest rates, while those with lower scores may pay higher interest rates to offset the lender's risk.

What are mortgage points? ▼

Mortgage points, or discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. One point costs 1% of your mortgage amount. Paying points can save you money over the long term if you plan to keep the mortgage for many years.

Are there specific loan programs for first-time buyers in Alaska? ▼

Yes, many lenders in Alaska offer programs for first-time buyers, including FHA loans which require lower down payments and credit scores. Additionally, there may be state-specific grants or down payment assistance programs available in Alaska.