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Kake, AK

The Best Mortgage Lenders in Kake, AK

Compare verified mortgage lenders serving Kake, Alaska. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
1150+
Reviews
10
Loan Types

Available Loan Programs in Kake

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
Construction-to-Permanent
Lot Loans
Renovation

Featured Mortgage Lenders

1

Alaska USA Federal Credit Union

Alaska USA Federal Credit Union

★★★★☆
4.8/5

As Alaska's largest credit union with extensive statewide presence, Alaska USA Federal Credit Union is exceptionally well-equipped to serve remote communities like Kake. They have deep experience with Alaska-specific mortgage challenges including rural property financing, unique construction needs, and understanding of Native land issues. Their mortgage specialists are trained in all Alaska loan programs and offer competitive rates with personalized service. With physical branches throughout Southeast Alaska and robust online/mobile banking, they provide accessible mortgage services despite Kake's remote location.

Experience:75 years
Reviews:450 customer reviews
1400 A Street, Anchorage, AK 99501

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

First National Bank Alaska

First National Bank Alaska

★★★★☆
4.7/5

With a century of serving Alaskan communities, First National Bank Alaska has unparalleled expertise in financing properties throughout the state, including remote Southeast Alaska locations like Kake. They offer specialized construction loans crucial for Alaska's building challenges and understand the unique aspects of financing in Native communities. Their mortgage team includes experts familiar with Kake's specific needs and they maintain strong relationships with local real estate professionals throughout the region.

Experience:100 years
Reviews:380 customer reviews
101 West 36th Avenue, Anchorage, AK 99503

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentLot LoansRefinance
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3

Residential Mortgage

Residential Mortgage, LLC

★★★★☆
4.9/5

Residential Mortgage has built an outstanding reputation as Alaska's premier mortgage broker, specializing in complex and rural Alaska financing situations. They excel at navigating the unique challenges of Southeast Alaska properties and have extensive experience with Kake-area transactions. As a mortgage broker, they can shop multiple lenders to find the best rates and terms for each borrower's specific situation. Their team includes specialists in Native housing programs and rural development loans, making them particularly well-suited for Kake residents.

Experience:25 years
Reviews:320 customer reviews
400 D Street, Anchorage, AK 99501

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRenovationRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Kake, AK

Are there any special mortgage considerations for buying a home in Kake, Alaska, given its remote location?

Yes, lenders may consider Kake a "remote" or "non-conforming" location, which can affect loan approval and property appraisal requirements. Some lenders might require additional documentation or have stricter requirements due to the limited housing market and accessibility challenges. It's important to work with lenders experienced with Alaska's unique rural communities.

What first-time homebuyer programs are available specifically for Kake residents?

Kake residents can access Alaska Housing Finance Corporation's (AHFC) First Home Limited Program, which offers competitive interest rates and down payment assistance. Additionally, the AHFC's Closing Cost Assistance Program can help with upfront costs. These programs are particularly valuable in Kake where local income levels may be lower than urban areas.

How does Kake's limited housing inventory affect mortgage lending and home buying?

Kake's small housing market means fewer comparable sales, which can complicate appraisals and potentially affect loan amounts. Lenders may require more extensive appraisal documentation, and buyers should be prepared for potentially longer processing times. Working with local real estate professionals familiar with Kake's unique market is crucial.

Are USDA loans a good option for homebuyers in Kake, Alaska?

Yes, USDA loans are excellent for Kake since the entire community qualifies for USDA rural housing programs. These loans offer 100% financing with no down payment, which is particularly beneficial in an area where saving for a down payment can be challenging. Income limits apply, but many Kake residents meet the eligibility requirements.

What are typical mortgage rates and terms available in Kake compared to larger Alaska cities?

Mortgage rates in Kake are generally similar to statewide Alaska rates, though some lenders may add small premium adjustments for remote locations. However, through AHFC programs, Kake borrowers can access the same competitive rates as urban areas. Loan terms typically range from 15 to 30 years, with fixed-rate mortgages being the most common choice for stability.

Nearby Cities

Explore mortgage lenders in cities near Kake, AK

Why Choose a Mortgage Lender in Kake?

Local Market Knowledge

Lenders who understand Kake's housing market can offer better guidance and competitive rates.

Multiple Loan Options

Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.

Proven Track Record

Work with lenders who have years of experience and hundreds of satisfied customers in Alaska.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Kake and get competitive rates on your home loan.