One-Time Closing (OTC), often called a single close construction loan, is now a key tool for new construction home financing. At Residential Mortgage, we’re excited to offer our own OTC loan to simplify the path from plans to move-in, with one closing up front and a single set of closing costs. With a traditional two-close process, the borrower finances construction first, then applies later for the permanent mortgage.

Housing conversations are trending nationwide but in Alaska, the discussions carry a unique urgency. Availability and affordability are top of mind not only for prospective homeowners but also for communities facing aging infrastructure, extreme weather and surging energy costs. Building new, energy-efficient homes is not simply a construction goal; it’s an economic and quality-of-life priority.

Anchorage is facing a pivotal moment. Our city’s future, including its economic strength, workforce stability and overall quality of life, relies on housing availability.

For more than six decades, Alaska Industrial Hardware has played a vital role in supporting the people and projects that shape Alaska. In a world increasingly dominated by national chains, AIH remains proudly Alaska-owned and Alaska-operated, committing to reinvesting in local jobs, industry and communities.