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The Great State of Alaska is home to some of the finest real estate in the United States. There are many reasons for this. The state has more coastline than the rest of the United States combined. Large portions of the state are undeveloped and the state has some incredibly scenic areas.
Additionally, Alaska is overall quite wealthy with many strong industries such as oil and gas, fishing, and tourism, not to mention a strong presence of government and military jobs.
Over time with the help of the Internet, new business models have been developed to meet the needs of homeowners.
Maybe you are buying your first mobile home in Alaska, or perhaps you’re relocating to Alaska from another state. Either way, it’s important that you educate yourself on Alaska mobile home loans before shopping for an Alaska mobile home.
Alaska state law only allows issuance of adjustable-rate mortgages on owner-occupied residencies. Additionally, Alaska has a Permanent Fund Development program that distributes a yearly payment -- a share of the fund’s investment earnings -- to all qualified residents.
If you’re buying a mobile home in the state of Alaska, you qualify for both federal and state FHA and VA loans. First-time home buyers qualify for Alaska FHA loans with below-market interest rates, and, depending on their income, may also qualify for down payment assistance. Alaska also has a comparable program for homeowners in rural areas.
