Alaska Mortgage Rates
For the past five years, Alaska has been one of the states with the highest home appreciation rates, displaying substantial spikes in property value. This has enabled homeowners to get a record sum of money for their home. First-time Alaskan home buyers are eligible for federal as well as state VA and FHA loans. With an FHA loan, consumers can purchase a home with a down payment as low as 3%, as opposed to the higher amounts required to obtain many traditional loans. Residents of Anchorage, the state's largest city, benefit from the lowest local and state taxes in the country and are entitled to share in Alaska's Permanent Fund- taxes and royalties flowing from the oil industry. Most families in Anchorage pay less in local and state taxes than what they receive as income from this Fund's investments. Real estate in Anchorage is affordable; prospective buyers can expect to find town homes, condominiums and single-family homes offering spectacular views at a reasonable cost.