How to Choose an FHA Lender in Alaska
Why should I work with you?
The biggest mistake people make when shopping for their mortgage is to make their decision on who they will work with based upon the lowest interest rate they locate over the phone, or the Internet. They never even consider the ramifications of getting involved with a lender that is not knowledgeable, creditable, or available. [...]
Where To Find FHA Down Payment Funds In Alaska
With the demise of the seller paid down payment programs last November, and the increase in the FHA down payment requirements from 3% to 3.5%, Alaska first-time home buyers are finding it a little more challenging to find their down payment funds.
What most buyers don’t know is that there are many ways to fund your [...]
Anchorage, AK FHA Mortgage Banker
Alaska FHA Mortgage, Where do I Start?
Where do you start? By asking yourself, “can I really buy a house?”
An FHA mortgage might be just the option you’ve been looking for to help you buy your first or move up home.
A home is both an investment and a savings plan for your future.
Knowledge opens doors. This is literally true when it comes to [...]
Alaska FHA, How Much Can I Afford?
What have you heard about qualifying for an FHA-insured Loan?
Only inexpensive homes are allowed? Not true!
You need a lot of money for a down payment? Not true!
You need perfect credit? Not true!
Your credit score has to be at least 650? Not true!
If you ever declared bankruptcy or had a foreclosure, you’re out of luck? Not [...]
Alaska FHA Loan Limits Increase 2/24/2009
Alaska FHA Mortgage Limits for 2009 have been temporarily increased. Below are the loan limits per borough throughout the State of Alaska until December 31, 2009
County
One-Family
Two-Family
Three-Family
Four-Family
Aleutians West
$349,600.00
$447,550.00
$540,950.00
$672,300.00
Anchorage
$347,500.00
$444,850.00
$537,750.00
$668,250.00
Juneau
$398,750.00
$540,450.00
$617,050.00
$766,850.00
Ketchikan
$322,200.00
$412,200.00
$498,250.00
$619,250.00
Kodiak Island
$318,750.00
$408,050.00
$493,250.00
$613,000.00
Matanuska-Sus
$347,500.00
$444,850.00
$537,750.00
$668,250.00
North Slope
$301,300.00
$385,700.00
$466,250.00
$579,400.00
Sitka
$431,250.00
$552,050.00
$667,350.00
$829,350.00
Wrangell-Peter
$301,300.00
$385,700.00
$466,250.00
$579,400.00
Yakutat City
$381,800.00
$488,750.00
$590,800.00
$734,250.00
Rest of State
$271,050.00
$347,000.00
$419,425.00
$521,250.00
———
Alaska Conventional Mortgage Limits Remain The Same
State
One-Family
Two Family
Three-Family
Four-Family
Alaska
$625,500.00
$800,775.00
$967,950.00
$1,202,925.00
———-
Alaska VA Mortgage Limits Remain the Same
State
One-Family
Two-Family
Three-Family
Four-Family
Alaska
$625,500.00
$625,500.00
$625,500.00
$625,500.00
Jackie Toppin
Mortgage Banker
Mortgage License #100110
Preferred Mortgage
Branch of Residential Mortgage
Mortgage License #100083
3111 “C” [...]
Alaska FHA Mortgage, Benefits and Protections
Alaska FHA Mortgage programs offer unique benefits and protection for home buyers. They provide less risk for the lender, as well as fast closings, competitive rates and foreclosure protections for you.
FHA mortgage programs are insured by the Federal government and are some of the safest products on the market today.
Benefits and protections on an FHA [...]
Are Interest Rates Going Down In Alaska?
What interest rate you get on your mortgage should not be the “final answer” in your Alaska real estate buying decision.
As a colleague of mine recently put it, “Little Piggy’s are fat and happy, but the BIG HOGS go to slaughter.” If you are waiting around for the “FEDS” to lower the interest rate to 4%, you [...]
How To Refinance My Alaska FHA Mortgage
Here are the top 10 things you need to know about refinancing your FHA Alaska Mortgage.
Keep in mind these are simply guidelines – each borrower’s situation is different. The best way to work through your options is to contact me directly.
The mortgage that is to be refinanced must ultimately be insured through the FHA.
Often called [...]
Alaska FHA Mortgage Limits for 2009
Alaska FHA Mortgage Limits for 2009 have been lowered. Below are the loan limits per borough throughout the State of Alaska.
County
One-Family
Two-Family
Three-Family
Four-Family
Aleutians West
$349,600.00
$447,550.00
$540,950.00
$672,300.00
Anchorage
$290,950.00
$372,450.00
$450,200.00
$559,500.00
Juneau
$349,600.00
$447,550.00
$540,950.00
$672,300.00
Ketchikan
$322,200.00
$412,200.00
$498,250.00
$619,250.00
Kodiak Island
$317,400.00
$406,300.00
$491,150.00
$610,400.00
Matanuska-Sus
$290,950.00
$372,450.00
$450,200.00
$559,500.00
North Slope
$301,300.00
$385,700.00
$466,250.00
$579,400.00
Sitka
$340,400.00
$435,750.00
$526,750.00
$654,600.00
Wrangell-Peter
$301,300.00
$385,700.00
$466,250.00
$579,400.00
Yakutat City
$381,800.00
$488,750.00
$590,800.00
$734,250.00
Rest of State
$271,050.00
$347,000.00
$419,425.00
$521,250.00
———
Alaska Conventional Mortgage Limits Remain The Same
State
One-Family
Two Family
Three-Family
Four-Family
Alaska
$625,500.00
$800,775.00
$967,950.00
$1,202,925.00
———-
Alaska VA Mortgage Limits Remain the Same
State
One-Family
Two-Family
Three-Family
Four-Family
Alaska
$625,500.00
$625,500.00
$625,500.00
$625,500.00
Jackie Toppin
Mortgage Banker
Mortgage License #100110
Preferred Mortgage
Branch of Residential Mortgage
Mortgage License #100083
3111 “C” Street, Suite 325
Anchorage, AK, 99503
Work: [...]
Preferred Mortgage LLC (Mortgage License AK189222 - 3111 C Street Suite 325 - Anchorage, AK 99503
Office Phone: 907-261-7655 Fax: 907-743-9671
Cell Phone: 907-306-2928 License #: AK50162
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