Yes! Apply Now.

We will be in touch within 1 – 3 business days once you submit the application.

Applying online will save processing time for your application. We also provide the option to save and complete the online application at your convenience.

Here is a list of items that we typically need from you to get started with your application**:

1. Social security numbers for all borrowers on the loan application
2. Most recent 30 days of pay stubs / awards letters for all income
3. Most recent 2 years federal tax returns – this includes all schedules and W2, 1099-R, & K-1 attachments (If you are a first time home buyer, 3 years is required).
4. Most recent 2 months consecutive statements (or most recent quarterly statement) for all asset accounts listed on the loan application (such as checking, savings, retirement, stocks & bonds, etc.)
5. If you are applying to purchase: landlord contact information to verify your most recent 36 months rental payment history
6. If you are applying to refinance: a copy of your mortgage statement—if not financed with us at Spirit of Alaska—to help us verify the full housing expense (taxes & other maintenance fees are not always reported to the credit bureaus or may not be included in your current payment)

(**certain items such as bankruptcy + discharge papers, divorce decrees, child support agreements, self-employment, and/or rental investments may also require documentation, when applicable)

Generally, appointments take from 1 to 1.5 hours.

Every loan application—whether for a purchase or a refinance—has the potential of being denied if the level of risk is outside what is allowed for that program. Though your credit profile is one of the major factors we look at, there are other variables such as your amount of time at your job, how much debt you have compared to how much money you make, and your total assets (such as checking, savings, retirement, etc.).

Always feel free to make an appointment with a Mortgage Loan Officer. They will meet with you, go over your full profile and work with you as a team to achieve your goal of either purchasing a new home or refinancing.

This process will typically take about 30-45 days, depending on the type of loan. Please contact our Mortgage Department for more details at 907-459-5974.

We generally recommend an interest rate improvement of 1.5%. However, this is not a hard and fast rule. Please call us and make an appointment so we can take a look at your full profile.

Absolutely! See the calculator tab.

“Skip-a-payment’s” are allowed on certain loan programs. Depending on whether you are approved, you may be able to get some extra breathing room for the month and keep that payment to yourself. Please contact the mortgage department at 907-459-5974 for more details.

Home loan payments change every year as we analyze the escrow amount to service the loan that year, which depends on the specific costs of taxes and insurance your loan carries. Find out more on our blog about your Annual Escrow Analysis. Please contact the mortgage department for specific questions on your loan.