See the latest Alaska mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA, Jumbo) plus variable rates (10, 7, 5, 3 year). Also see how local rates compares nationally, and main lending options available across the state.
Buying a home in Alaska could be easier with today’s mortgage rates.
Alaska Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Alaska, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| Alaska | 6.37% | 6.42% | 6.47% | |
| Credit Unions | 5.97% | 6.02% | 6.17% | 9.3/10 |
| Online lenders | 6.07% | 6.12% | 6.27% | 8.2/10 |
| Banks | 6.37% | 6.42% | 6.47% | 7.9/10 |
| 30 year fixed | 6.37% | 6.42% | 6.47% | |
| 30 year fixed FHA | 6.68% | 6.73% | 6.78% | |
| 30 year fixed VA | 5.99% | 6.04% | 6.09% | |
| 30 year fixed Jumbo | 6.60% | 6.98% | 7.17% | |
| 20 year fixed | 5.97% | 6.02% | 6.07% | |
| 15 year fixed | 6.07% | 6.12% | 6.17% | |
| 10 year fixed | 5.43% | 5.48% | 5.53% | |
| 3 year ARM | 5.17% | 5.22% | 5.27% | |
| 5 year ARM | 7.35% | 7.40% | 7.45% | |
| 7 year ARM | 7.63% | 7.68% | 7.73% | |
| 10 year ARM | 6.37% | 6.42% | 6.47% | |
| Satisfaction | 9.0/10 | 8.4/10 | 8.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from Alaska members the last 30 days.
How Alaska Compares to National Averages
- Alaska mortgage rates (6.37% for best credit scores) are slightly above national averages (national average: 6.31%).
- Credit unions are more competitive: In Alaska, credit unions offer 5.97%, banks 6.37%, online lenders 6.07%.
Mortgage Options in Alaska
- 30 year fixed: 6.37% - most popular long-term option for predictable payments
- 20 year fixed: 5.97% - balance between payment size and interest savings
- 15 year fixed: 6.07% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.43% - shortest fixed-term option with competitive rates
- 10 year variable: 5.17% - Offers a longer initial period with a variable rate...
- 7 year variable: 7.35% - A mid-term variable option...
- 5 year variable: 7.63% - Shorter-term variable mortgage...
- 3 year variable: 6.37% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Cities Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Anchorage | 6.62% | 5.87% |
| Fairbanks | 6.66% | 5.91% |
| Juneau | 6.64% | 5.89% |
| Wasilla | 6.65% | 5.90% |
| Ketchikan | 6.63% | 5.88% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Alaska Homeowners
Alaska homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Alaska
FAQs – Alaska Mortgage Rates
Are home purchase rates higher in Alaska than the U.S. average?
Alaska mortgage rates typically run above the national average due to the state’s unique geographic and lending conditions.
What credit score is best for buying a home in Alaska?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Alaska.
Is it better to choose a fixed-rate or ARM in Alaska?
Fixed-rate mortgages offer payment stability in Alaska’s unique market, while ARMs may suit those with shorter-term homeownership plans.
More Home Loan Information:
Best Mortgage Lenders in Alaska
Alaska Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Alaska Homeowners.