Mortgage rates in Alaska
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Alaska has no state income or sales tax, so local property taxes carry more of the load.
Mortgage rates today by loan type
These are national averages. Lenders in Alaska price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your Alaska mortgage payment
The calculator starts from Alaska's median list price, 20% down, the state's 0.99% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the amortization schedule tool. To see how Alaska's property tax and insurance compare with every other state, try the PITI and escrow calculator.
Alaska vs. the U.S.
Alaska's median list price is 5% above the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $108 a month more. Five-year price growth here was the 15th-slowest of 51 jurisdictions.
| Measure | Alaska | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $435,000 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $2,357 | $2,249 |
| Average home-purchase loanHMDA 2025 | $388,161 | $404,828 |
| Average closing costsincl. transfer taxes | $3,683 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.50% | 6.50% |
| Mortgage approval rateHMDA 2025 | 81.2% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +3.9% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +37.0% | +41.3% |
What Alaska borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Alaska home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Alaska borrowers paid 0.03 percentage points below the market benchmark at lock, the 12th-lowest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateAK · U.S. | Over benchmarkAK · U.S. | Closing costsAK · U.S. | Paid pointsshare of loans | Median downequity on refis · AK |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)892 loans | 6.50%6.50% | −0.03+0.02 | $5,506$5,476 | 62.3%53.2% | 25% |
| FHA 30-yr fixed897 loans | 6.25%6.25% | +0.31+0.42 | $11,356$11,291 | 71.7%59.3% | 3.5% |
| VA 30-yr fixed1,578 loans | 6.14%6.13% | −0.32−0.36 | $8,959$6,554 | 64.5%59.3% | 0% |
| Conventional rate-and-term refinance125 loans | 6.25%6.38% | −0.06−0.06 | $5,827$4,390 | 60.8%45.4% | 35% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Alaska and what their borrowers paid.
Alaska's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Alaska by 2025 purchase loans, out of 137 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in AK | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| Residential Mortgage, LLC | 85920.6% | 6.50% | −0.02 | $2,342 | 69%$2,000 | 25% |
| Global Federal Credit Union | 68816.5% | 6.50% | −0.07 | $1,519 | 69%$1,686 | 26.2% |
| Newrez | 3749% | 6.75% | +0.14 | $1,956 | 75%$1,943 | 24% |
| The Loan Store, Inc. | 1944.7% | 6.49% | −0.08 | $2,292 | 68%$2,524 | 25% |
| Cornerstone Capital Bank, Ssb | 1473.5% | 6.38% | −0.09 | $4,710 | 49%$4,730 | 26.9% |
| First National Bank Alaska | 1343.2% | 6.38% | −0.05 | $4,610 | 35%$442 | 28.7% |
| Primelending, A Plainscapital Company | 1263% | 6.38% | −0.07 | $6,510 | 97%$3,811 | 25% |
| United Wholesale Mortgage | 1122.7% | 6.50% | +0.06 | $3,586 | 76%$2,008 | 23.6% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Alaska. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Alaska lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Alaska
On a home at Alaska's median list price of $435,000 with 20% down, the financed amount is $348,000, or about $2,357 a month in principal and interest at the 7.18% 30-year average.
What makes Alaska different is the cost around the loan. Its 0.99% effective property-tax rate adds roughly $359 a month, and homeowners insurance — at the state's median 0.35% of home value — about $127 more, bringing the all-in estimate to $2,843. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the affordability check.
Payment at the $435,000 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $2,843P&I $2,357 | — | $90,683 | $122,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,366P&I $2,652 | $228 | $47,183 | $144,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,526P&I $2,799 | $241 | $25,433 | $151,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,590P&I $2,858 | $246 | $16,733 | $154,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $3,488P&I $2,810 | $192 | $18,908 | $149,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $3,356P&I $2,870 | — | $3,683 | $144,000 |
Monthly = principal and interest + property tax (0.99% effective) + homeowners insurance (about $127/mo — Alaska's median premium, 0.35% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Alaska's average closing costs ($3,683). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Alaska's biggest counties
Home prices, and so the loan you need, vary more inside Alaska than rates do. The table covers the largest county markets and the high-cost counties where the conforming limit is higher. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Matanuska-Susitna Borough592 homes for sale · Sep 2026 | $492,000+3.6% | $403,6951,770 loans | $1,249,125$1,561,406 | Conforming$393,600 loan | $3,216at 7.18% | |
| Anchorage Municipality554 homes for sale · Sep 2026 | $478,000-4.2% | $404,6153,170 loans | $1,249,125$1,561,406 | Conforming$382,400 loan | $3,124at 7.18% | |
| Kenai Peninsula Borough398 homes for sale · Sep 2026 | $429,250-0.1% | $368,898649 loans | $1,249,125$1,561,406 | Conforming$343,400 loan | $2,806at 7.18% | |
| Fairbanks North Star Borough316 homes for sale · Sep 2026 | $328,600-1.9% | $331,9771,108 loans | $1,249,125$1,561,406 | Conforming$262,880 loan | $2,148at 7.18% | |
| Juneau City And Borough72 homes for sale · Sep 2026 | $497,500+1.6% | $422,250320 loans | $1,249,125$1,561,406 | Conforming$398,000 loan | $3,252at 7.18% | |
| Ketchikan Gateway Borough64 homes for sale · Sep 2026 | $500,000+11.4% | $412,52985 loans | $1,249,125$1,561,406 | Conforming$400,000 loan | $3,268at 7.18% | |
| Southeast Fairbanks Census Area61 homes for sale · Sep 2026 | $294,450+9.6% | $294,56091 loans | $1,249,125$1,561,406 | Conforming$235,560 loan | $1,925at 7.18% | |
| Prince of Wales-Hyder Census Area32 homes for sale · Sep 2026 | $350,000-6.7% | $389,2867 loans | $1,249,125$1,561,406 | Conforming$280,000 loan | $2,288at 7.18% | |
| Copper River Census Area29 homes for sale · Sep 2026 | $312,000+5% | — | $1,249,125$1,561,406 | Conforming$249,600 loan | $2,039at 7.18% | |
| Kodiak Island Borough25 homes for sale · Sep 2026 | $463,750-1.3% | $394,76585 loans | $1,249,125$1,561,406 | Conforming$371,000 loan | $3,031at 7.18% | |
| Sitka City And Borough19 homes for sale · Sep 2026 | $761,000+13.2% | $461,48637 loans | $1,249,125$1,561,406 | Conforming$608,800 loan | $4,974at 7.18% | |
| Haines Borough15 homes for sale · Sep 2026 | $406,500-7.4% | $321,15413 loans | $1,249,125$1,561,406 | Conforming$325,200 loan | $2,657at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Alaska's 0.99% effective property tax and its median insurance premium (0.35% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Alaska
Rates are national, but the rules around the loan are not. These Alaska specifics can change your payment, your closing or your protections as a borrower.
No deficiency judgment after a trustee's sale
If a deed of trust provides for it, an Alaska trustee can sell the property without a court decree, after recording a notice of default at least 90 days before the sale. When a trustee makes that sale, no judgment may be entered against the borrower or a guarantor for a deficiency.
Source: akleg.govEarthquake damage is commonly excluded from homeowners policies
Alaska's Division of Insurance lists earthquake among the common exclusions in homeowners policies and says a separate earthquake policy is likely needed. It adds that landslide damage is also likely excluded and may require a surplus lines policy. Lenders require homeowners coverage, so ask about these gaps before closing.
Source: commerce.alaska.govProperty tax is a local choice in Alaska
Alaska has no mandatory property tax: cities, boroughs and unified municipalities each decide whether to levy one. The state assessor's 2024 report counts 15 of the 19 organized boroughs and unified municipalities that do, so confirm whether a specific property sits in a taxing jurisdiction and at what rate.
Source: commerce.alaska.govSellers must disclose before the buyer's written offer
Alaska law generally requires the seller of residential property to deliver a completed written disclosure statement before the buyer makes a written offer. If it arrives after the offer, the buyer may terminate in writing within three days of in-person delivery or six days if mailed. The parties can waive the requirement in writing.
Source: akleg.govAlaska community property generally requires an agreement
Alaska spouses' property is generally community property only to the extent provided in a community property agreement or trust. Where it applies, community property held in both spouses' names generally must be managed jointly unless it is titled in the alternative, such as with “or”.
Source: akleg.govChecked against official sources on October 20, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Alaska buyers finance their homes
VA loans are where Alaska stands out: they made up 23.6% of home loans originated here in 2025, against 8.2% nationally — the highest VA share of any state. Lenders, agents and appraisers here handle VA deals routinely, which helps if that is the loan you need.
| Loan type | Share in AK | U.S. share | Approval in AK | Avg loan in AK |
|---|---|---|---|---|
| Conventional | 63.0% | 78.0% | 79.1% | $302,723 |
| FHA | 12.9% | 13.2% | 81.1% | $354,223 |
| VA | 23.6% | 8.2% | 87.8% | $429,806 |
| USDA | 0.5% | 0.6% | 81.9% | $332,458 |
The average Alaska home loan in 2025 was $339,537 — 4% below the U.S. average of $352,861, the 21st-largest of 51 jurisdictions. Home purchases accounted for 72.9% of those loans (U.S. 64.2%); cash-out refinances for 15.5% (U.S. 17.1%).
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Alaska loan limits for 2026
Alaska is one of the special statutory areas where the 2026 one-unit conforming limit is $1,249,125 in every county — well above the $832,750 national baseline. Loans up to that amount still count as conforming, not jumbo. See the full national grid in our loan limits by property type, and if you are over the line, what changes with jumbo mortgage rates.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Alaska
Average closing costs in Alaska are about $3,683 including transfer taxes (No. 24 of 51, highest first). On a home at the median list price of $435,000:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $87,000 | $13,050 |
| Average closing costs | $3,683 | $3,683 |
| Cash to close (estimate) | $90,683 | $16,733 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Alaska
Alaska records deeds and mortgages through a single statewide Recorder's Office run by the Department of Natural Resources, rather than county by county; recording costs $20 for the first page and $5 for each additional page. Source: dnr.alaska.gov
Getting approved in Alaska
Federal HMDA lending records show Alaska lenders originated 11,907 home loans in 2025 and denied 2,749 applications — an approval rate near 81.2% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our mortgage approval study, and how Alaska ranks for CFPB complaint data (547 on record).
Shopping for a loan? See the most active mortgage lenders in Alaska, ranked by federal HMDA volume.
Down-payment help in Alaska
You rarely need 20% down. These are the main programs from AHFC, Alaska's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
First Home and First Home Limited
AHFC's rate-reduced loans for buyers who haven't owned a primary residence in the past three years. First Home has no income or purchase-price caps; First Home Limited carries lower rates but has income and acquisition-cost limits.
Source: ahfc.usInterest-rate add-ons
AHFC lets borrowers layer options onto a loan: an Energy Efficiency Interest Rate Reduction (on the first $250,000 of the loan for commitments since October 2024), a subsidized rate for lower-income borrowers, and a State Veterans preference.
Source: ahfc.usChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with AHFC or a participating lender.
No state mortgage credit certificate in Alaska
Alaska Housing's list of loan programs includes no MCC. How mortgage credit certificates work.
Check current terms at AHFC, see how a smaller down payment changes your number with the minimum down payment tool, or compare first-time buyer help by state.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Alaska vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Alaska reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our data editors. Full sources and formulas: how these figures are built.
Alaska mortgage FAQ
What is a good mortgage rate in Alaska right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Alaska's conventional buyers paid a median 6.50%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Alaska than in other states?
No, if anything slightly lower, once timing and fees are counted. In 2025 HMDA records, Alaska's median conventional 30-year rate was 6.50%, against 6.50% nationally.
Against the benchmark for each loan's lock week, which counts points and fees, Alaska loans priced 0.03 percentage points below it (the 12th-lowest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Alaska?
The national jumbo 30-year average is 7.25% (Optimal Blue). A loan is jumbo above the $832,750 conforming limit, or above $1,249,125 in Alaska's highest-cost counties. Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $348,000 loan (20% down on Alaska's median list price), a 30-year at 7.18% costs $2,357 a month and a 15-year at 6.57% costs $3,045.
The 15-year saves about $300,615 in interest but needs $687 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $348,000 loan (20% down on Alaska's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $2,357 to $2,597, or $240 a month.
Over 30 years that is about $86,338 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Alaska's conventional rate-and-term refinances closed at a median 6.25% and purchases at 6.50%, partly because refinances bunch up when rates dip. Refinances priced 0.06 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In Alaska, a $500,000 home with that loan adds roughly $413 a month in property tax at the 0.99% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in Alaska?
About $122,000 a year for a home at the $435,000 median list price with 20% down, if the full $2,843 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in Alaska?
AHFC, the state housing finance agency, runs First Home and First Home Limited and Interest-rate add-ons, offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with AHFC or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.