Mortgage & Construction Loans

Buying a home is one of the most important decisions you make and multiple lending choices for SoAFCU members can be confusing. Whether you are planning to buy, build, or refinance your home our experienced loan officers will simplify your lending experience. They will guide you step-by-step through the maze of loan programs to help you make the choice that is right for your individual needs and get you started on the appropriate application process.

» Ask how you can get $100 off your next mortgage loan closing costs with Rewards Cache! (907) 459-5900, 800-478-1949, or send an email to: info@spiritofak.com

» Want to make a SoAFCU loan payment and need a payment coupon? Click here to print a loan coupon.

Pre-Qualify For Your Home Loan!

The first step in buying a home is to determine how much of a house payment can you afford. To help you determine what you can afford, schedule a pre-qualification appointment with our knowledgeable loan officers. Please be prepared to bring 2 years tax returns with W-2s, (3 years if first-time homebuyer) 2 most recent pay stubs for all borrowers, 3 months of bank statements, and a list of your current assets and liabilities. With that information we can let you know "how much house" is right for you and discuss all our loan program options. Use our online calculators to explore your financial options.

Refinance Your Home Mortgage

Refinancing your existing mortgage could mean substantial savings for you. Refinances are done usually to lower your existing interest rate but also can be done to get "cash out" of your equity to consolidated other existing debt, do home improvements or for other productive purposes. If your current loan is either through FHA or VA, both programs offer "streamline" refinancing to lower your interest rate only. In looking to refinance, it is generally accepted that the new refinanced interest rate should be at least 1% lower than your current rate to be cost effective. Use our online calculators to explore potential financial options.

Mortgage Loan Payments

If you have an "in-house" mortgage loan with SoAFCU, you may establish an automatic payment from your Spirit of Alaska share savings or share draft account. Please contact Member Services at 459-5974 or email to info@spiritofak.com to establish your automatic payment.

Alaska Housing Finance Corporation

Spirit of Alaska FCU is an approved lender with Alaska Housing Finance Corporation (AHFC). AHFC's mission is to "provide Alaskans access to safe, quality, affordable housing." To this end, in cooperation with Spirit of Alaska, AHFC offers a wide variety of programs which have attractive rates such as First-time Homebuyer, IRRLIB (Income Rate Reduction for Low Income Borrowers), Energy Rate Reduction, and VMP (Veterans Mortgage Program) to name a few. At your pre-qualification appointment, we will evaluate your specific financial situation and recommend the AHFC program that best suits your individual needs.