Alaska mortgage and refinance rates for May 2026

As of Friday, May 29, 2026, current mortgage interest rates in Alaska are 0.00% for a 30-year fixed mortgage and 0.00% for a 15-year fixed mortgage.

In 2026, the conforming mortgage loan limit for a single-family home in the state is $1,249,125. That’s far higher than in most states, where the limit stands at $832,750. Likewise, Federal Housing Administration (FHA) loan limits in the state vary by county in 2026, ranging from $541,287 to $1,147,800.

When it comes time to refinance your mortgage in Alaska, remember you’re not required to work with the same lender who provided the initial loan. In fact, it’s important to take the time to shop around and do your research to make sure you’re getting the best rates and loan terms possible. Many private lenders and mortgage companies offer refinancing options.

In addition, the Alaska Housing Finance Corporation (AHFC), the state’s housing finance authority, offers its own refinancing programs:

• The Streamline Refinance for existing Alaska Housing borrowers doesn’t require an appraisal or (in most cases) credit screening. It also doesn’t require occupying the home as the owner. (However, the original loan must have been made to an owner-occupant.)
• There’s also a refinance option for those who did not purchase their home with an Alaska Housing program. This program can be used to obtain better loan terms or to provide the cash needed for renovations or home improvements.

AHFC, also known as Alaska Housing, offers programs that can be helpful to first-time homebuyers. In order to qualify as a first-time homebuyer, you can’t have owned a primary residence in the past three years. Here’s an overview of some of the agency’s programs:

First Home

The First Home mortgage program is aimed at first-time buyers with higher incomes and offers reduced interest rates.

First Home Limited

Similar to First Home, the First Home Limited mortgage program provides lower interest rates to first-time buyers, but you must meet income limits and purchase price limits to qualify. The first-time buyer requirement can be waived if the purchase property is located in a targeted area, which are locations that have higher income and purchase price limits.