We offer a complete line of home loan options.  All properties must be located within Southeast Alaska.

Fixed Rate

A fixed-rate mortgage offers a monthly payment that will be the same for the life of the loan. If you appreciate the convenience of a consistent mortgage payment regardless of the market, this could the perfect program for you!

Adjustable Rate

An adjustable-rate mortgage (ARM) provides the borrower with a lower initial payment, yet carries a degree of uncertainty as the market changes. An adjustable-rate mortgage will temporarily lock into a rate at the time of closing. After the initial lock period ends, the rate will adjust. Adjustable rate mortgages allow borrowers to benefit from falling interest rates without refinancing, however borrowers need to prepare for rates to increase as well. If you are considering a refinance or a move in the near future, an ARM loan may be a great option for you.

Rural Development

The Rural Development program is targeted for homebuyers with low-to-moderate income and savings, who are looking to purchase a home in a designated rural area. RD allows the borrower additional funds to pay for closing costs or prepaids in the mortgage. The RD loan is not limited to first time homebuyers, and can also be used to refinance an existing RD mortgage to a lower interest rate.

FHA Loan

The FHA loan program is for borrowers that may not have exceptional credit, or are looking for a low down-payment option with affordable terms. FHA features a down payment of just 3.5%, as well as flexible credit and more forgiving qualification requirements.

Non-Conforming

A non-conforming mortgage loan is a loan that fails to meet certain criteria for funding. Certain life circumstances such as a change in income, job loss, bankruptcy, or a property deficiency could make it difficult to obtain a traditional home loan. We are able to underwrite non-conforming mortgages to our members in-house.

Lot Loans

Recreational Property or Land Loans offer the ability to finance the purchase of a plot of land. This is a great option when buying a piece of land to build a home or utilize for recreational purposes.

Remote Property Loans

Remote, island, or otherwise off the grid property loans are available on a case-by-case basis.

Manufactured Homes

Manufactured homes include panelized, pre-cut, mobile, or tiny homes which do not sit on a permanent foundation. Manufactured homes may be located in commercial parks or other leased property. Lot rent must be included in the debt-to-income calculation.

• Minimum Loan Amount: $1,500.00
• Maximum Loan Amount > 20 years old: $60,000.00
• Maximum Loan Amount < 20 years old: $125,000.00
• Maximum Loan-to-value: 90%

Home Equity & Home Equity Line of Credit

Home Equity Loans are a great option that allow homeowners to access cash for those emergency or necessary home renovations, large purchases, or alternative debt repayment. Home equity loans and HELOCs are secured using the value of your home equity which is the difference between your home’s value and your mortgage balance as collateral. With a home equity loan, you will receive the funds in a lump sum. With a home equity Line of credit, you will have the ability to borrow and draw money multiple times from an available maximum amount.