Mortgage options

With Alaska USA Correspondent Mortgage Lending Services, you can offer a full range of mortgage programs. Your members can finance or refinance one- to four-family homes with the product that best fits their needs. Whether they choose a conventional, conforming mortgage, or a specialty product, your member doesn’t sacrifice a thing to get competitive rates, low costs, and expert service. And with more choices, you can help more families realize the dream of homeownership.

Conventional fixed rate mortgages

Conventional fixed rate mortgages offer predictable payment options every month for the length of the loan and protection against rising interest rates because your member is locked into a fixed rate. Conventional mortgages can have terms as short as 10 years and as long as 30 years.

Adjustable Rate Mortgages (ARMs)

You can offer a full range of Adjustable Rate Mortgage programs to support those members who prefer a lower initial payment. ARMs can allow flexibility if your member expects to move in a few years. The popular 3/1 and 5/1 ARMs provide the security of a fixed rate for the initial term, often at a rate lower than a 30-year fixed rate mortgage.

Government loans

Once approved, you can offer fixed and adjustable rate mortgages with flexible qualification guidelines through the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and USDA’s Rural Development (RD) program.

Jumbo loans

For your members looking for a mortgage exceeding typical loan limits, a Jumbo loan provides extra borrowing strength. Jumbo loans are available for single family residences and can be used for purchasing or refinancing a primary residence or second home. Typically, equity of 20% or more is required and certain restrictions and limitations apply.