Mortgage Rates in Farmers Loop, Alaska — March 2026
Updated March 2026 | Based on Farmers Loop market data and regional lending conditions
Farmers Loop is a growing city in Alaska with a population of 5,140. The current 30-year fixed mortgage rate in Farmers Loop is 6.74%, which is 0.09% above the national average. With a median home price of $278,000 and a 20% down payment of $55,600, homebuyers can expect a monthly principal and interest payment of approximately $1,441.
Current Mortgage Rates in Farmers Loop, AK
Below are the current average mortgage rates available in the Farmers Loop area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Farmers Loop Housing Market Overview
The Farmers Loop housing market offers relatively affordable housing compared to many major cities. The median household income in Farmers Loop is $69,000, and the cost of living index is 116.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $71,486 to comfortably afford the median-priced home in Farmers Loop, which exceeds the current median household income.
Monthly Payment Breakdown for Farmers Loop
Based on the median home price of $278,000 with 20% down ($55,600), here is what you can expect to pay monthly in Farmers Loop:
15-Year vs. 30-Year Mortgage in Farmers Loop
Choosing a 15-year mortgage in Farmers Loop at 5.99% instead of a 30-year at 6.74% would save you $181,080 in total interest over the life of the loan. However, your monthly payment would be $1,876 instead of $1,441 — an increase of $435 per month.
Calculate Your Farmers Loop Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Farmers Loop
What are the current mortgage rates in Farmers Loop, AK?
As of March 2026, the average 30-year fixed mortgage rate in Farmers Loop, Alaska is 6.74%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Farmers Loop?
Based on the median home price of $278,000 with 20% down, the estimated monthly mortgage payment in Farmers Loop is $1,441 for principal and interest. Including property taxes of $227/month, the total monthly housing cost is approximately $1,668.
What income do I need to buy a home in Farmers Loop?
Using the 28% rule, you would need an annual income of approximately $71,486 to afford the median-priced home in Farmers Loop at $278,000. The median household income in Farmers Loop is $69,000. This means most households would need to either earn above the median or consider homes below $278,000.
Is Farmers Loop a good place to buy a home in 2026?
Farmers Loop has a moderate cost of living with a cost of living index of 116.8 (national average = 100). The property tax rate in Alaska is 0.98%, which is near the national average. Farmers Loop has a population of 5,140 and offers a balanced lifestyle.
Mortgage Rates in Other Alaska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Farmers Loop, Alaska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.