A useful financing plan starts with a payment you are comfortable carrying and a clear picture of the cash needed to buy. Majors Realty Group helps you connect your home search with the questions to discuss with a licensed lender.

Set a budget for the whole home

Include principal and interest, applicable property taxes, insurance, any mortgage insurance or association dues, heating, utilities, maintenance, and reserves. Compare actual property costs when possible. A lender’s maximum approval and your preferred monthly budget may be different.

Compare written loan offers

Ask lenders about available loan types and request Loan Estimates for comparable scenarios. Review interest rate, loan term, points, fees, estimated payment, and cash to close together. Clarify whether the rate is locked and what could change. The CFPB Loan Estimate explainer helps you identify the important fields.

Discuss programs that fit your circumstances

Ask about conventional financing and any FHA, VA, USDA, or AHFC options that may fit the borrower and property. Eligibility, down payment, mortgage insurance, fees, and property requirements differ. A program name does not establish that a particular home or buyer qualifies. For VA questions, begin with the official VA homebuying guidance.

Account for Alaska property details

Tell your lender early if you are considering a dry cabin, unusual construction, a home needing repairs, acreage, additional units, or a property with private water or wastewater systems. Ask what inspections, records, and appraisals will be needed. Financing that works for one property may not work for another.

Plan your cash to close and reserves

Ask for an itemized estimate of the down payment, closing costs, prepaid items, and any credits. Keep a separate plan for inspections, moving, initial repairs, and emergency reserves. Discuss the source and documentation of funds with your lender before moving money or relying on a gift. Assistance programs and seller credits have requirements that must be confirmed.

Stay coordinated through closing

Keep your lender informed about changes to income, employment, debts, or purchase plans. Review the final Closing Disclosure and ask about differences from earlier estimates. Confirm closing and possession arrangements with the transaction team. Verify payment instructions with a trusted contact before sending funds.

Military moves and rental plans

Our Military guide includes the official BAH calculator. Confirm entitlement with finance and compare the full ownership budget. If you may rent the home later, discuss occupancy requirements, insurance, and management costs before relying on future rental income.

Start with education

AHFC HomeChoice offers no-cost online homebuyer education. Ask AHFC or your lender about current course details and any applicable program benefits.

Connect your financing plan with your home search

Talk with Majors Realty Group about your timing, preferred areas, and price range. Mortgage approval and loan terms are determined by your lender.

Updated September 20, 2026. Rates, eligibility, costs, and program requirements must be confirmed for your circumstances.