Rates

Residential Mortgage, LLC is proud to be an approved lender for Alaska Housing Finance Corporation (AHFC), Alaska's leading mortgage investor.  In spite of historically low interest rates, it would be impossible for many Alaskans to buy their first home without programs offered by AHFC.  These programs include loans for first-time homebuyers, low- and moderate-income borrowers, veterans, teachers, nurses, and those living in rural areas of the state. 

In addition to the loan programs offered through AHFC, Residential Mortgage, LLC offers a wide range of financing options.  To discuss which of these programs is right for you, and to check current rates, contact us today!

Loan Programs	30 Year Rate	APR*	15 Year Rate	APR*
First Time Homebuyer (Tax Exempt) and  Veteran (Tax Exempt)	6.500	6.763	6.250	6.679
First Time Homebuyer (Taxable)	6.625	6.890	6.250	6.679
Conventional (Taxable)	6.750	7.017	6.375	6.806
Veterans Mortgage (VMP)	6.500	6.763	6.250	6.679
Rural Housing	6.500	6.632	6.250	6.679
Rural Non-Owner Occupied	6.500	6.763	6.250	6.679

Effective 11/18/08.  Rates are subject to change.

*Assumes a 20% down-payment on a loan amount of  $200,000, with 1% closing cost, and estimated prepaid finance charges of $750.  If the down-payment is less than 20%, mortgage insurance may be required and will affect your APR.