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Loan Estimate Challenges
Alaska’s Biggest LE Challenges
06.14.2023

Easily the nation’s largest state at 663,300 square miles, Alaska is larger than the next three largest states (Texas, California and Montana) combined. That also means that the statewide recording fees, which are uniform, cover the largest array of land in the country.

Long regarded as one of the nation’s last frontiers, Alaska’s closing fee laws and customs impose few complexities on residential property transfers there. This is in contrast to the reality that the cost of living (and average home price) in Alaska tend to be significantly higher than in the rest of the country. (24% higher as of 2021).

Recording fees can be affected by page count of the recorded document, however, with larger documents costing more. 

Transfer taxes and recording fees

There are no transfer taxes or mortgage recordation fees in Alaska.

 

Last edited July 14, 2023

LodeStar Software Solutions prides itself on being the most accurate provider of the most up-to-date closing fees in the mortgage industry—so much so that we guarantee those rates. However, unlike the closing fee data we provide our clients through our product, LodeStar can only guarantee the accuracy of the content delivered through LE Challenges at the time of publication.LE Challenges is published solely for marketing and advertising purposes to provide an example of the depth and breadth of our commitment to providing accurate closing fees to its clients. While we do our best to update the content of LE Challenges as often as possible, the data shared here is in no way intended to serve as data to be relied upon in the generation of an actual Loan Estimate or any other element of a mortgage transaction.

 

 

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