Top 5 VA Lenders in Alaska 2019
If you’re an active or retired member of the United States Armed Forces looking to purchase a home in Alaska, there are some amazing mortgage solutions available to you. Alaska is home to almost 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 increased by roughly 1.5 percent between December of 2017 through 2018 but are forecasted to fall by 3.9% through 2019.
The falling home values make it the perfect time for home buyers on the market for a mortgage loan to get a super affordable home loan for their home purchase. And, since VA loans offer amazing benefits that include low interest rates, zero down payment requirements, no prepayment penalties, and no required mortgage insurance, they’re often some of the most desirable loans for current or ex-military home buyers like you.
In this article, we’ll review the best VA approved lenders in Alaska and how they can help you on your quest to home ownership.
#1 Alaska VA 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 extremely experienced with the origination of VA loans. The ability to offer VA financing through one of the best digital mortgage platforms available makes them serious competition to other VA lenders, and highly favored among repeat and first time home buyers. VA loan products are among 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.
#2 Alaska VA 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 the 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 VA 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 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.
#4 Alaska VA Lender: Quicken Loans/Rocket Mortgage
The amazing team over at quicken loans has truly set the standard for the online mortgage experience. Rocket Mortgage (a division of Quicken Loans) and Quicken Loans have made the otherwise long and tedious process of VA financing as simple and straightforward as possible.
The online VA loan process is highly geared towards a more streamlined user experience. Progress on the status of an VA loan application can be easily tracked online, and there are even specialists standing by to help with any issues that may arise during the transaction including any that deal with an applicant’s Certificate of Eligibility.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The really impressive part happens to be the support staff that can be reached by phone or through the website that is always standing by to offer their advisory services and answer any questions a potential borrower may have.
#5 Alaska VA 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. 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.
Shop Around Before You Get an Alaska VA Loan
Our picks for the best VA 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 VA lender in your area, don't hesitate to contact a home.loans mortgage expert!