To join CU1, simply visit your nearest branch with a photo ID such as a driver's license or state ID card and an initial deposit of $5 into a share savings account.

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(907) 339-9485
(800) 478-2222 (toll-free)

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Home Loans for Alaska

Small steps lead to big victories.

Can things get any better than owning a home in the most beautiful state in the country? They can when that home comes with convenient payment options and low mortgage rates. At CU1, we provide you with a suite of online mortgage tools which includes helpful facts, disclosure forms, a streamlined a loan application and glossary for real estate terms so you can better understand and move forward on your potential purchase.

Why take a home loan out with Credit Union 1?

  • Our real estate department has a team of experts on hand to help you with all your real estate needs. In addition to electronic payment or payment by mail, you can also submit your mortgage payment at any CU1 branch!
  • We also proudly partner with a servicing company named Cenlar for streamlined loan servicing, such as the processing of payments and timely assistance for your questions.
  • We offer Homebuyer Discover Financial Fitness classes for our members to help guide you through your home buying process and make you an expert.
  • If you are just looking to personalize or update your home with new furnishings, appliances, etc., we offer affordable financing through CU1’s Equity Advantage Loans.
  • CU1 offers low affordable mortgage rates to fit the needs of CU1 members.

*Property must be located in Alaska to qualify for a Credit Union 1 Real Estate loan.

Apply Now  Current Rates

Ready to chat with a CU1 Real Estate Representative? Here’s what to have ready when we discuss options!

  • Pay statements from your most recent 30 days of employment. These must reflect your year-to-date income.
  • Your last two years of W-2s and/or 1099 forms. If you’re a first time homebuyer, we’ll need three years’ worth.
  • Your last two years of personal, corporate and/or partnership tax returns. First time homebuyer? Submit three years.
  • If applicable, your Profit & Loss Statement and Balance Sheet for current year-to-date (corporate, partnership or sole proprietorship).
  • Your bank statements from the most recent 60 days.

Frequently Asked Questions Glossary Calculators Disclosures


Types of Home Loans

First and Second Deed (Home Equity) of Trust Home Loans

Credit Union 1 is happy to offer first and second deed of trust opportunities to our members. Whether you’re buying your first home or taking advantage of the equity you’ve grown, we offer affordable options with friendly, local service. 

Equity Advantage HELOCs

If you already own a home, our Equity Advantage program or a home equity line of credit (HELOC) can help turn it into a convenient source of cash. Ask us how these options can help pay-off your other debt at an affordable, low interest rate. These loans are a great choice for anything from home improvements to debt consolidation and more.

Unimproved Property/Raw Land

Dreaming of your own property or cabin in the mountains? Ask us about our fixed-rate unimproved or raw land loans. We’ll help you finance the property, spectacular scenery and all.


Refinancing your home can be a smooth and simple process at Credit Union 1, with help from our real estate experts. We’ll help you navigate loan interest rates and other items to save you money over the life of your mortgage! With a refinance, you may also free up funds for other purchases that can improve your abode.

Home Improvement Loans

Don’t wait months to fix a broken dishwasher or move into a new home only to use lawn chairs as your couch. With CU1’s home improvement loans, we can help finance your home improvement expenses with our low interest rates and flexible terms.

Non-Owner Occupied Loan

If you are looking to invest in a property without actually occupying it, Credit Union 1 has a loan for you with low interest rates and an affordable minimum down payment. Give our home loan experts a call and let us help you receive the ultimate return on your investment.

First Time Home Buyers

Congratulations on taking the first step to buy your new home! You’ve come to the right place! Credit Union 1 offers its own unique program for first time homebuyers, which can save you money and provide much-needed guidance on your purchase. Plus, we don’t charge origination fees on first time home loans! With a little extra help from Credit Union 1, you’ll be holding the keys to your new home in no time.

For a little extra guidance in this process, check out CU1’s Discover Financial Fitness program. We offer special “homebuyer” classes throughout the year!

Apply Now  Current Rates

Do you have questions about your personal finances?

We encourage you to take advantage of our free financial calculators to discover what you should be saving, what you can afford, what financial moves you should make next and more. 

Try our Free Financial Calculators

NMLS # 537375

NCUA Insured

Your savings are federally insured to at least $250,000 by the National Credit Union Administration and backed by the full faith and credit of the United States Government.

  • Branch Locations
  • Phone: (907) 339-9485
  • Toll-Free: (800) 478-2222
  • Routing #: 325272063
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