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Kenai Peninsula

Compare Current Kenai Peninsula, Alaska Mortgage Rates

Compare Kenai Peninsula, 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 Kenai Peninsula.

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

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Kenai Peninsula, 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 Kenai Peninsula, AK Mortgage Rates Compare?

January 19, 2022

Current mortgage rates in Kenai Peninsula, 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
Kenai Peninsula, 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 Kenai Peninsula, Alaska?

Below we provide helpful information on the real estate market, home prices and housing affordability in Kenai Peninsula. Understand how much you need to earn to afford a home in Kenai Peninsula, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Kenai Peninsula 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 Kenai Peninsula is right for you.

The median home value for Kenai Peninsula, AK is $278,046

Based on current mortgage rates and a 10% down payment, you need to make $45,557 per year to buy the median priced home in Kenai Peninsula

With this income, you could qualify for a $250,241 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 Kenai Peninsula is $1,055

The median household income for Kenai Peninsula, AK is $71,407

Based on this income, you can afford a home valued at approximately $435,816

The home price you can afford to buy based on household income in Kenai Peninsula is 157% of the median home value which means housing prices are average. Kenai Peninsula ranks 20 out of 29 counties in Alaska and 2,502 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Kenai Peninsula, Alaska

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

Conforming loan limits for Kenai Peninsula, AK

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

FHA loan limits for Kenai Peninsula, AK

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Kenai Peninsula, AK

1 unit: $970,800

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