»
»
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.

%
Anchorage, AK Mortgage Rates as of February 20, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

%
Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Anchorage, AK Mortgage Rates

February 20, 2024

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
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

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 $375,973

Based on current mortgage rates and a 10% down payment, you need to make $78,434 per year to buy the median priced home in Anchorage

With this income, you could qualify for a $338,376 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 $1,816

The median household income for Anchorage, AK is $87,919

Based on this income, you can afford a home valued at approximately $421,440

The home price you can afford to buy based on household income in Anchorage is 112% of the median home value which means housing prices are average. Anchorage ranks 22 out of 29 counties in Alaska and 2,643 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

orange-simple-house
ruler

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: $1,089,300
2 units: $1,394,775
3 units: $1,685,850
4 units: $2,095,200

FHA loan limits for Anchorage, AK

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Anchorage, AK

1 unit: $1,089,300

Additional Mortgage Resources for Anchorage, AK Residents

Mortgage Rates for Alaska Cities

Anchorage Mortgage Rates

Fairbanks Mortgage Rates

Juneau Mortgage Rates

Kenai Peninsula Mortgage Rates

Matanuska Susitna Mortgage Rates