Yes! Depending on your situation this factor would not keep you from getting approved for the Title I Improvement Loan. We would be happy to go over your loan application to see what we can offer you. Please contact the Mortgage Department for more details at 907-459-5974.

Yes! Apply Now.

We will be in touch within 1 – 3 business days once you submit the application.

Applying online will save processing time for your application. We also provide the option to save and complete the online application at your convenience.

Here is a list of items that we typically need from you to get started with your application**:

1. Social security numbers for all borrowers on the loan application
2. Most recent 30 days of pay stubs / awards letters for all income
3. Most recent 3 years federal tax returns – this includes all schedules and W2, 1099-R, & K-1 attachments
4. Most recent 3 months consecutive statements (or most recent quarterly statement) for all asset accounts listed on the loan application (such as checking, savings, retirement, stocks & bonds, etc.)
5. If you are applying to purchase: landlord contact information to verify your most recent 36 months rental payment history
6. If you are applying to refinance: copy of your mortgage statement—if not financed with us at Spirit of Alaska FCU—to help us verify the full housing expense (taxes & other maintenance fees are not always reported to the credit bureaus or may not be included in your current payment)

(**certain items such as bankruptcy + discharge papers, divorce decrees, child support agreements, self-employment, and/or rental investments may also require documentation, when applicable)

Generally, appointments take from 1 to 1.5 hours.

No. There are certain repairs and/or improvements that are not eligible under this program. Please contact the Mortgage Department for more details at 907-459-5974.

This process will typically take about 30 – 45 days, depending on the type of loan.