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Anchorage

Compare Current Anchorage, Alaska Mortgage Rates

Compare Anchorage, AK mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Anchorage.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Anchorage. Plus, shopping lenders is free and there is no obligation.

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Anchorage, AK Mortgage Rates as of January 19, 2022
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Anchorage, AK Mortgage Rates Compare?

January 19, 2022

Current mortgage rates in Anchorage, AK are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Anchorage, AK Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.450%
15 Year Fixed Rate
%
2.620%
5/1 Adjustable Rate Mortgage
%
2.570%

How Affordable is Housing in Anchorage, Alaska?

Below we provide helpful information on the real estate market, home prices and housing affordability in Anchorage. Understand how much you need to earn to afford a home in Anchorage, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Anchorage fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Anchorage is right for you.

The median home value for Anchorage, AK is $359,273

Based on current mortgage rates and a 10% down payment, you need to make $58,865 per year to buy the median priced home in Anchorage

With this income, you could qualify for a $323,346 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Anchorage is $1,363

The median household income for Anchorage, AK is $89,405

Based on this income, you can afford a home valued at approximately $545,667

The home price you can afford to buy based on household income in Anchorage is 152% of the median home value which means housing prices are average. Anchorage ranks 23 out of 29 counties in Alaska and 2,567 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Anchorage, AK is average

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Loan Limits for Anchorage, Alaska

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Anchorage below.

Conforming loan limits for Anchorage, AK

1 unit: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

FHA loan limits for Anchorage, AK

1 unit: $450,800
2 units: $577,100
3 units: $697,600
4 units: $866,950

VA loan limits for Anchorage, AK

1 unit: $970,800

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