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Overview | Program features | Mortgage options | Roles & responsibilities | Behind the scenes | Service model

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.

Core products:

Conventional fixed mortgages

Conventional fixed-rate mortgages provide borrowers with the security of a monthly principal and interest payment that never changes, while allowing a loan-to-value of up to 100 percent. Conventional mortgages can have terms as short as ten years and as long as 40.

Conventional ARMs

You can offer a full range of adjustable-rate mortgage (ARM) programs to support those members who prefer a lower initial payment. The popular 3/1 and 5/1 ARMs provide the security of a fixed rate for the initial term.

When affordability is an issue:

Home Possible®

Low- to moderate-income borrowers and those who are buying in underserved areas can realize the dream of homeownership with the Home Possible program. Options include low down payment, loan-to-value of up to 100 percent, and flexible underwriting guidelines.

40-year term

This product is ideal for borrowers who face affordability issues and think homeownership may be beyond their reach, or for those who would like to expand their buying power and purchase a more expensive home than 30-year financing would allow.

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With other specialty programs, you can expand eligibility to members who have had credit problems in the past, have minimal funds for down payment, or have requested a loan that represents a substantial layering of risk for other reasons.