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.

The Anchorage Home Builders Association hosted its annual Housing Summit “Building a Brighter Future,” on Oct. 8, 2025. Local, state and national leaders gathered to spotlight the complex challenges facing Alaska’s homebuilding industry, as well as deliver important insight on what to expect in the coming months.