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Mortgage Loans Through Our Wholly Owned Subsidiary


Residential Mortgage will help make your next home a reality

Established in 1998, Residential Mortgage is an Alaska-owned mortgage company with offices statewide in Anchorage, Juneau, Sitka, Kodiak, Soldotna, Eagle River and Fairbanks. Their mortgage loan originators are experts in the Alaska market, have an in-depth knowledge of the industry, and are committed to helping you find the right mortgage loan for your needs.


  • Services You Can Count On
    Residential Mortgage focuses on providing you with the support and personal attention you expect. They'll work hard to help you feel comfortable with the entire loan process - from beginning to end.  
  • Expertise
    Residential Mortgage employees are dedicated to providing professional residential mortgage financing. They're experts in the field and have extensive knowledge of the Alaska markets. They'll walk you though the application process and will do everything possible to get you approved quickly.  
  • Keeping You Informed
    Residential Mortgage's loan originators are committed to ongoing communication, giving you regular updates on the status of your loan. They take pride in building long-lasting relationships


Residential Mortgage offers a variety of mortgage loan options, including:


Alaska Housing Finance Corporation (AHFC) Loan Programs

Residential Mortgage is an AHFC approved lender. An AHFC home loan can provide significant savings and incentives to qualified borrowers for approved properties.

  • First Time Homebuyer Program – Offers reduced interest rates to eligible first-time homebuyers. First-time homebuyers are borrowers who have not owned a primary residence in the last three years.
  • Veteran’s Mortgage Program – Qualified veterans may obtain financing at lower rates.
  • Rural Program – Financing to purchase or renovate owner-occupied or rental housing in small communities. Long-term financing is also available for owner-built, newly constructed homes or rental housing.
  • Energy Efficient Home Loans – Offers interest rate reductions when financing a new or existing energy efficient home or when borrowers purchase and make improvements to an existing home.
  • Taxable or Non-Conforming Program – Available for applicants or properties not meeting requirements of other AHFC programs or for which financing may not be obtained through private, state or federal mortgage programs.

Fixed Rate Mortgages
With a fixed-rate mortgage, you can count on consistent monthly payments and fixed interest rates for the life of your loan. You can either maximize your tax benefits over a longer 30-year term and pay less each month, or pay off your loan sooner with a shorter 15-year term.

Adjustable Rate Mortgages (ARMs)
With an Adjustable Rate Mortgage or ARM loan, your interest rate changes at specific intervals. These loans typically feature lower introductory rates that adjust periodically throughout the life of the loan. If you're planning on owning your home for a short period of time an ARM may be a good option.

Hybrid ARMs can offer the best of both worlds: lower interest rates (like traditional ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. 

Non-conforming or Jumbo Loans
Available for properties in which conventional financing requirements aren't met or jumbo loans greater than $625,500.   


Federal Housing Authority (FHA)
Designed for borrowers with a minimal down payment and lower credit scores. Also offers a ‘streamline refinance’ of an existing FHA loan with minimal documentation requirements.

Veterans Administration (VA)
Specifically reserved for active duty personnel, reservists and veterans. VA loans have little or no down payment requirements, no monthly mortgage insurance, and provide up to 100% financing. This program also offers an interest rate reduction refinance of an existing VA loan with minimal documentation requirements.

HUD 184

Provides benefits, such as lower down payments, interest rates and closing costs to members of Alaska Native and American Indian tribes. To receive a HUD 184 loan you must be an enrolled member of a Federally Recognized Tribe.

USDA Rural Development Home Loan
Provides up to 100% financing for qualified borrowers looking to purchase a home in specified areas of rural Alaska. 

 Residential Mortgage LLC is not affiliated with any government agencies, including the Federal Housing Authority (FHA), Veterans Administration (VA) or the Department of Housing and Urban Development (HUD).


Contact Residential Mortgage or apply online today to meet with a loan originator and begin the process of finding the best home loan option for you.

  • Apply online
  • Stop by any of their convenient branch locations
  • Call (888) 357-2707
  • Your Northrim banker can also connect you with an experienced Residential Mortgage loan originator. Contact us today for a personal referral.

Check out our Mortgage Loan Calculators to estimate your monthly mortgage payments and rate options.   


Residential Mortgage, LLC
NMLS # 167729
Member Mortgage Bankers Association of America
All loans are subject to credit approval


Investment and insurance products are:
Not insured by the FDIC or any other federal government agency.
Not a deposit of or guaranteed by Northrim Bank.
May lose value.

Deposit and loan products offered by Northrim Bank, Member FDIC.

Equal Housing Lender

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