Locations | Contact Us | Careers Search Personal Banking Business Banking Commercial Banking About Northrim Mortgages Main Your local mortgage experts Our wholly-owned subsidiary, Residential Mortgage, is a leader in the mortgage origination industry and serves borrowers purchasing or refinancing homes in Alaska and other select states in the lower 48 from offices statewide. Established in 1998, Residential Mortgage's loan originators are experts in the housing market, have an in-depth knowledge of the industry, and are committed to helping you find the right mortgage loan for your needs. When you work with Residential Mortgage, you can expect: Personal service: Residential Mortgage believes in building lasting relationships by providing you with the support and personal attention you deserve. It offers you a person you can go and talk to face-to-face, someone who will guide you through every step of the lending process so you can make informed decisions. Local expertise: Residential Mortgage has some of the most experienced mortgage professionals in Alaska, many with more than 20 years serving Alaska homeowners. They understand the Alaska market and the challenges Alaskans can face when buying a home here. Superior communication: Residential Mortgage's loan originators are committed to ongoing communication, giving you regular updates on the status of your loan. AHFC-approved lender: Residential Mortgage is an Alaska Housing Finance Corporation (AHFC) approved lender. An AHFC home loan can provide significant savings and incentives to qualified borrowers for approved properties. Learn More Opens in New Window Get started on financing your dream home Complete an online application, contact us or learn more about financing options from Residential Mortgage. Apply Now Contact Us Learn More Find the right fit for your mortgage Just like there are many different types of homes, there are many different types of mortgage loans. Residential Mortgage offers a variety of options and will work with you to find the right one for your needs. First Home AHFC offers reduced interest rates to eligible first-time homebuyers. Veterans Mortgage Qualified veterans may obtain financing at lower rates with this AHFC program. Rural Program AHFC financing to purchase or renovate owner-occupied or rental housing in small communities. Renovation Loan AHFC offers financing options for renovations in conjunction with a purchase or refinance. Uniquely Alaskan This AHFC program is available for certain properties for which financing may not be obtained through private, state or federal mortgage programs. My Home Available statewide for applicants or properties not meeting the particular requirements of other AHFC programs. Fixed-Rate Mortgage Count on consistent monthly payments and fixed interest rates for the life of your loan. Adjustable Rate Mortgage (ARM) These loans typically feature lower introductory rates that adjust periodically throughout the life of the loan. Non-Conforming or Jumbo Available for properties in which conventional financing requirements aren't met, or loans greater than $765,600. Federal Housing Administration (FHA) Designed for borrowers with a minimal down payment and lower credit scores. Veterans Administration (VA) VA loans have little or no down payment requirements, no monthly mortgage insurance and provide up to 100% financing. HUD 184 Provides lower down payments, interest rates and closing costs to members of Alaska Native and American Indian tribes. USDA Rural Development Provides up to 100% financing for qualified borrowers looking to purchase a home in specified areas of rural Alaska. Resources for homeowners We are here to help with your mortgage questions. Escrow account information Our guide details escrow account changes and how they impact your mortgage payment. Learn more PDF HUD counseling Free counseling from the U.S. Department of Housing & Urban Development. Learn more Opens in New Window Speak with a Northrim payment specialist Let’s work through a plan, together. Contact Us Residential Mortgage's operations, products and/or services do not originate from, and are not endorsed by the Veterans Administration (VA), U.S. Department of Agriculture (USDA), Department of Housing and Urban Development (HUD) or Federal Housing Authority (FHA). Residential Mortgage, LLC NMLS #167729 Member Mortgage Bankers Association of America All loans are subject to credit approval. Branch/ATM Locations Security & Privacy Center Affiliate Marketing Opt-Out Get Adobe Reader CALL US: 907-562-0062 OR 1-800-478-2265 ROUTING NUMBER: 125200934 SITE MAP CONTACT DISCLOSURES © Copyright 2021 Northrim Bank