First Bank Mortgage
First Bank is an FDIC-insured community bank based in Ketchikan, Alaska, with branches across Southeast Alaska. FDIC records date it to 1924. Its mortgage team offers purchase, refinance, construction and home equity loans, and the bank says it services its mortgages in Alaska. It also offers deposit accounts, consumer loans and business loans.
What First Bank offers
- Purchase loans: conventional fixed and adjustable-rate loans, including a 3% down option, plus FHA loans, VA loans with no down payment for eligible veterans, and USDA rural loans with 100% financing in eligible areas.
- First-time buyer help: down payment and closing cost assistance for eligible borrowers, and a no-cost homebuyer education course.
- Construction and renovation: construction-to-permanent loans, renovation loans and loans for accessory dwelling units.
- Refinancing and equity: rate-and-term and cash-out refinances, FHA and VA streamline refinances, home equity loans and HELOCs.
- Rates: as of November 2026, the mortgage pages don’t post rates. You get a quote from a loan officer.
Who it may suit, and who should look elsewhere
Right for you if:
- You’re buying or building in Ketchikan, Juneau, Sitka, Petersburg, Wrangell or Prince of Wales Island.
- You want your loan serviced in Alaska after closing.
Not right for you if:
- Your home is outside Alaska.
- You want to compare posted rates online without talking to a loan officer.
Before you apply
First Bank’s deposits are FDIC insured; you can confirm its record (certificate 14885) on FDIC BankFind. The Alaska Housing Finance Corporation lists the bank’s company NMLS ID as 421662, which you can check using the guide on how to check a lender’s license. Ask each lender you’re considering for a Loan Estimate and compare the rate and closing costs side by side.
The mortgage loan centers share a toll-free number, (888) 851-5851. General customer service is (800) 478-6101. The mortgages guide explains loan types, and the bank directory lists other banks.
