REAL PROPERTY

Want a lake cabin or weekend getaway?
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COMPETITIVE RATES!

REAL PROPERTY

Real Property Financing can be used to purchase or refinance vacant land or improved property.

Build a cabin, or buy a lot for your family’s go-cart races… These are among the dreams our members have accomplished using Real Property Financing.

This type of loan is often used for purchasing a cabin or weekend getaway. It can also be used to refinance a vacant lot that’s already owned, in order to build on it.

How Real Property Financing Works
Property value is determined (through an appraisal or other independent valuation ordered by Denali FCU), and Denali will acquire a first deed of trust on the property. Account documents will provide terms and cost disclosures.

Fees/rates & other costs
Interest rate is established based on your credit score and loan term. For the current note rate, contact your local Denali FCU office. Borrowers are also responsible for the cost of an In-house Evaluation, Property Valuation Report (PVR) or an Appraisal, as well as all closing costs.

Fast facts

  • The application process is similar in time and expense to closing on a mortgage, BUT
  • You may borrow up to 75 percent of appraised value;
  • To qualify at the most favorable loan-to-value ratio, a property should have electric service and be accessible by road
  • Terms range from 60 months (five years) to 144 months (12 years).

Frequently Asked Questions

  •  What are the maximum loan to value ratios?
  • Loans can be up to 75 percent of appraised value on residential lot on the road system or 65 percent on a recreational lot. Remote properties are considered on a case-by-case basis.
  •  How do you determine the property value? Does it include the value of all structures?
  •  Property value is first determined through an independent valuation ordered by Denali FCU. Your loan to value may or may not include any structure value of structures on the property.
  •  Can I combine a couple of properties under the same loan?
  • One property per loan—unless the properties are adjacent.

Loan closing takes place at Denali Federal Credit Union’s Real Estate Department on the second floor of our Financial Center:

Denali Federal Credit Union
Real Estate Department
440 E. 36th Avenue, Suite 220
Anchorage, AK  99503
907-257-1609, or toll-free at 800-764-1123, ext. 1609

Document packet (PDF)

Apply Now ONLINE APPLICATION

COMPETITIVE RATES!

Title: 

OUR EXPERTS WORK FOR YOU

Description: 

Meet the team that treats you like family. They're friendly, competent and reliable – and they won't stop working until you get the top notch service you've earned.

Adrianne Phillips

Branch Location Information: 

Member
Business Lending
440 E. 36th Ave.
Anchorage, AK 99503

Phone:
907-257-9446
800-764-1123 ext. 240
Fax: 907-222-5810

NMLS# 762683

Hours: Mon.-Fri.,
8 a.m.-5 p.m.

Staff Member Image: 
Staff Member Bio: 
Adrianne Phillips
I began my career in banking right here at Denali FCU over 13 years ago, starting as a Financial Services Officer and moving to the Real Estate Department in 2005. Working with our members and being a part of making their dreams a reality brings me a lot of satisfaction and joy and is the reason why I love what I do. 
 
I have first-hand experience with construction, having participated in the building of a home from the ground up. I have three children and three grandchildren that I enjoy spending time with, and when I have spare time my favorite things to do are reading and counted cross-stitch. 
Hobby Icon: 

Kendall Fuller

Branch Location Information: 

Member
Business Lending
440 E. 36th Ave.
Anchorage, AK 99503

Phone:
907-257-1609
800-764-1123 ext. 240
Fax: 907-222-5810

NMLS# 1169123

Hours: Mon.-Fri.,
8 a.m.-5 p.m.

Staff Member Image: 
Staff Member Bio: 
Kendall Fuller

I started my career in real estate here at Denali more than five years ago. Over the years, I’ve been fortunate to develop my knowledge of real estate and build strong relationships with other industry professionals while working in residential lending and title. My goal is to help members understand the lending process and get the information they need to make well-informed decisions.

My husband and I have a toddler and two exuberant dogs. Our family enjoys all things Alaskan: hiking, fishing, camping, and playing in the snow. I’m an avid sports fan and have been playing ice hockey since I was five years old.
 

Hobby Icon: 

Tara Tetzlaff

Branch Location Information: 

Member
Business Lending
440 E. 36th Ave.
Anchorage, AK 99503

Phone:
907-339-2569
800-764-1123 ext. 240
Fax: 907-222-5810

Hours:
Mon.-Fri.,
8 a.m.-5 p.m.

Staff Member Image: 
Staff Member Bio: 
Tara Tetzlaff

I started in the banking business more than 25 years ago.  I have experience in all aspects of commercial, residential real estate, construction and development lending. It’s important to me that I add value to all of my business relationships. It’s about sharing my knowledge and experience with my customers to help them make the right decisions toward success. 

I’m particularly proud of my contribution to the community, whether it’s financing a small business, a subdivision, a home or supporting the community in other ways. There’s a lot of pride knowing I’ve made a difference in helping build our community.

I have two daughters, family and friends that I enjoy spending time with outdoors. Snowmachining, fishing, skiing, camping – we enjoy it all.

Hobby Icon: 
Hobby or Interest: 
Outdoors