Alaska USA Mortgage Company Interest Rate and Cost Review

Is Alaska USA Mortgage Company a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Alaska USA Mortgage Company with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.05%)
Loan Related Closing Costslower than average (-$631)
National Rate and Closing Cost Rating(4.0)

On average, Alaska USA Mortgage Company’s interest rates were similar to those of other lenders (-0.05%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$631. Overall, combining interest rates and closing costs we estimate that Alaska USA Mortgage Company tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Alaska USA Mortgage Company’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Alaska USA Mortgage Company was most active in:

  1. Anchorage, AK
  2. Seattle, WA
  3. Badger, AK
  4. Juneau, AK
  5. Los Angeles, CA

Furthermore, Alaska USA Mortgage Company is our top ranked mortgage lender in terms of interest rate and closing costs in:

  1. Anchorage, AK, for Conforming mortgages
  2. Badger, AK, overall
  3. Juneau, AK, overall

You can click through to check out Alaska USA Mortgage Company’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Alaska USA Mortgage Company’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Alaska USA Mortgage Company originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.05%-0.04%-0.06%+0.01%-0.04%
Loan Related Closing Cost Difference-$767-$1011-$158-$558-$495
Cost Adjusted Rate Difference-0.10%-0.10%-0.06%-0.03%-0.07%
Star Rating(4.0)(4.0)(4.0)(3.5)(4.0)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.09%-0.04%-0.00%-0.05%
Loan Related Closing Cost Difference-$434-$129+$44-$130
Cost Adjusted Rate Difference-0.13%-0.05%-0.00%-0.06%
Star Rating(4.0)(3.5)(3.5)(4.0)

As a summary, Alaska USA Mortgage Company is cheap for Conforming, FHA, Jumbo and VA purchase mortgages. It is similar to other lenders for USDA purchase mortgages. For refinancing mortgages, Alaska USA Mortgage Company is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Alaska USA Mortgage Company:

Registered name: Alaska USA Mortgage Company
Registered city and state: Anchorage, AK, 99503
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Alaska USA Mortgage Company’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.