5 Best Mortgage Lenders in Alaska 2019
If you’re a repeat or first time home buyer looking to purchase a home in Alaska, there are some amazing mortgage solutions available to you. Alaska is home to around 740,000 people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have decreased by roughly 0.2 percent between December of 2017 through 2018 and are forecasted to rise another 2.5% through 2019.
The falling home values make it the prime time for home buyers on the market for a mortgage loan to buy smart, and get a great deal on a home purchase. Getting a great mortgage would probably be the best place to start. And, whether you’re looking for fixed rate or adjustable rate mortgages, FHA, VA, or USDA home loan options that offer amazing benefits like low interest rates or flexible down payment requirements, loans to cover the purchase and repair of a home, or even a large enough jumbo loan to purchase your dream home outright, The first step is to find the right lender.
In this article, we’ll review the best mortgage lenders in the state of Alaska, and how they can help you on your quest to home ownership.
#1 Alaska Mortgage Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage loan transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable Home financing!
#2 Alaska Mortgage Lender: Residential Mortgage, LLC
A subsidiary of Northrim Bank, Residential Mortgage, LLC was founded in 1998 with only 30 employees. Today, they have over 125 employees spread out between a dozen offices that service multiple states. They have serviced over 60,000 loans in their home state of Alaska alone, and are Alaska’s number one lender for VA home loans.
Needless to say, they also have an impressive amount of experience other types of home financing as well. Home buyers have nothing but the best to say about the incredible customer service that is provided from the expert loan officers at Residential Mortgage. They seek to provide absolutely unmatched personal attention and guidance to all of their borrowers.
#3 Alaska Mortgage Lender: Pinnacle Mortgage Group
When it comes to top-tier boutique mortgage brokers in the state of Alaska, it really doesn’t get much better than Pinnacle Mortgage Group. With only two office locations in the state, Pinnacle Mortgage Group functions as a DBA of First Rate Financial, an awesomely reputable national mortgage brokerage company.
Pinnacle Mortgage Group specializes in dealing with even the toughest of complexities in a mortgage transaction, and is a veritable machine when it comes to cranking out affordable mortgage products. Government-insured VA financing is one of their specialties, with many former and current service members interested in financing their home purchase through Pinnacle.
Pinnacle mortgage group takes all of the hard work out of a mortgage transaction, making the entire process seem fluid and stress-free for the borrower. They even keep an online blog that breaks down and details each and every step of a mortgage transaction to help home buyers understand the mortgage process a little better.
#4 Alaska Mortgage Lender: Guaranteed Rate
A Kingpin of the online mortgage trend that plays a large role in government-insured financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.
Guaranteed Rate is also extremely experienced with the origination of government-insured loan products such as FHA and VA loans. The ability to offer FHA and VA financing through one of the best digital mortgage platforms available makes them serious competition to other mortgage lenders, and highly favored among repeat and first time home buyers. FHA Mortgages are one of the highest selling loans through Guaranteed Rate.
The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.
#5 Alaska Mortgage Lender: Guild Mortgage Company
No matter the industry, 50 years of experience is quite impressive. For Guild Mortgage Company, 50 years of experience has shaped them into a formidable source for home financing, including the origination of Conventional, FHA, and VA home loans.
Guild Mortgage now has over 250 branch locations across the nation, and remain committed to their goal of providing affordable home financing and unparalleled service. They even take things a step further by partnering with such well-known charities like Blue Star Mothers, K.I.D.S. and Youth oasis, and even the San Diego Food Bank.
The home buying experience with Guild Mortgage Company is a seamless and stress-free process, orchestrated by some of the most experienced and knowledgeable loan officers in the industry.
Best Alaska Mortgage Lender Picks 2019:
Best for First Time Home Buyers: Guild Mortgage Company
Best Online Experience: Guaranteed Rate
Best Local Lender: Residential Mortgage, LLC
Best Face-to-Face Experience: Pinnacle Mortgage Group
Best Overall Performance: Academy Mortgage Corporation
Shop Around Before You Get an Alaska Home Loan
Our picks for the best mortgage lenders in Alaska may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!