Derek Huit · NMLS #203980 · Cardinal Financial

FHA Loans in Alaska — First-Time Buyers Welcome

Buy with as little as 3.5% down and flexible credit guidelines. Start with the number that actually matters: your monthly payment.

See My Payment Check My Eligibility

✔ Local Alaska loan officer ✔ I answer my own phone ✔ Derek personally reviews every request

Licensed in: AK · FL · GA · IL · IN · MI · MT · OK · TX · WA

Your FHA payment, in real numbers

Change the numbers and watch the payment update. This is the same math Derek will walk through with you — no email required to use it.

Home price ($)

Down payment

Interest rate % (example — not your actual rate)

Loan term (years to repay)

Use down payment assistance — borrow the down payment as a second loan you pay back (a repayable second lien — not a grant). No income limit.

Show a seller-paid 2-1 buydown — see smaller payments in year 1 and year 2, paid for by the seller for a short time. (“2-1” means your rate is about 2 points lower in year 1 and 1 point lower in year 2.)

Estimated monthly payment (principal, interest & FHA mortgage insurance)

Loan amount (incl. the upfront insurance fee added to your loan)$0

Principal & interest$0

FHA monthly mortgage insurance (MIP) (est.)$0

Cash down payment needed$0

Estimates only — not a quote, offer, or commitment to lend. Excludes property taxes, homeowner's insurance, and homeowners association (HOA) dues, which vary by property. Rate shown is an example you can change; your actual rate depends on credit, market conditions, and timing. FHA upfront MIP (1.75%) assumed financed; annual MIP estimated at 0.55%.

This calculator does not include lender fees or closing costs, and no annual percentage rate (APR) is quoted on this page — you will receive exact fees in writing before any application.

Get My Real Numbers from Derek

See what you qualify for

Two quick steps. Derek will personally review your situation — no obligation.

Step 1 of 2 — about your purchase

Target home price When are you looking to buy? Your credit score, roughly

Nothing is sent yet — your contact details go in on the next step.

Step 2 of 2 — where to send your review

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Why Alaska buyers choose FHA

3.5% minimum down

On a $400,000 Anchorage home, that's $14,000 down — not $80,000. FHA opens the door sooner.

Flexible credit guidelines

FHA guidelines accommodate a wider range of credit histories than conventional loans. Past bumps don't automatically disqualify you.

Gift funds allowed

Family can help with your down payment and closing costs — FHA welcomes gift funds with proper documentation.

Competitive terms

FHA loans often carry competitive interest rates. Your actual rate depends on credit, market conditions, and timing.

Need help with the down payment?

Cardinal's national down payment assistance program provides 3.5% or 5% as a repayable second lien — a second loan you pay back, not a grant or gift. No income limit. It can be paired with your FHA loan.

How It Works

Common FHA questions

Do I need perfect credit for FHA?

No. FHA guidelines are more flexible than conventional loans. Derek can review your specific situation and tell you where you stand.

Can I use FHA for a condo in Anchorage?

Yes, if the condo project is FHA-approved. Derek can check approval status for specific buildings.

Is there mortgage insurance with FHA?

Yes — FHA loans include both an upfront and annual mortgage insurance premium. The calculator above includes an estimate so there are no surprises.

How fast can I close?

Typical FHA closings run 30–45 days from accepted offer. Getting pre-approved first is the fastest way to be ready.

Ready to see your numbers?

Get a personalized FHA eligibility review from Derek — no cost, no obligation.

Check My Eligibility