Skip to content
UNITEDLENDING

Investment property loans · Fairbanks North Star Borough, AK

Hard money, fix and flip and DSCR loans in Fairbanks, AK

Fairbanks investors buy rentals near Fort Wainwright, Eielson Air Force Base and the University of Alaska Fairbanks. Winters are long and severely cold, so check the heating system early, and the borough has a fine-particle (PM2.5) nonattainment area where it funds programs to replace old wood stoves and convert oil heat. Inside city limits, replacing a furnace or boiler needs a city permit.

Get my termsCompare loans
  • No credit pull to start
  • About a minute
  • A loan officer calls you

Where investors buy

Neighborhoods investors look at in Fairbanks

Work on Ladd Field, now Fort Wainwright, began in 1939 and set off an economic and population boom in Fairbanks that lasted past World War II. After the 1968 Prudhoe Bay discovery, the city became a supply point for the oil field and the Trans-Alaska Pipeline. The city had 13,677 housing units at the 2020 census.
College and the university areaA census-designated place next to the city's west side, built around the University of Alaska Fairbanks, with 11,332 residents in 2020.
Downtown and the Chena RiverThe original town, founded as a trading post on the south bank of the Chena River in 1901; the 1967 flood covered almost all of Fairbanks, and the Moose Creek Dam upstream was built to prevent a repeat.
Fort Wainwright areaThe east side of Fairbanks next to Fort Wainwright, an Army post on both banks of the Chena River with about 6,500 military members and 5,700 dependents.
North PoleA separate small city 13 miles southeast of Fairbanks on the Richardson Highway, where sulfolane contamination in groundwater closed the town's two oil refineries.

Loan programs

Loans for Fairbanks real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Fairbanks

30-year loans for Fairbanks rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Fairbanks

Buy and renovate in Fairbanks with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Fairbanks

Close quickly on a Fairbanks property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Fairbanks

Financing for new builds in Fairbanks, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Fairbanks

Financing for Fairbanks apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Fairbanks

Local rules and costs that change a deal's numbers or closing date in Fairbanks and Fairbanks North Star Borough. Sources are listed at the bottom of the page.
  • Pull City of Fairbanks permits for the rehab: construction or alteration usually needs a building permit, and replacing a boiler, furnace, condenser unit or HRV needs a mechanical permit. Ordinary maintenance on a single-family house or duplex needs no building permit, but cutting walls, removing structural supports or exits, or replacing piping or wiring doesn't count as ordinary maintenance.
  • Check the heating system early. In the borough's fine-particle (PM2.5) nonattainment area, limited funding is available to change out, repair or remove wood, pellet and coal stoves and to convert oil heat to gas; work done before funding is approved isn't reimbursed, and replacement stoves must be on the State of Alaska's approved list.

Get your terms

Have a Fairbanks property in mind?

Contact details first, then single-tap answers on the property, the amount and when you need to close. A loan officer phones you back with terms.
  • About a minute to fill in
  • No credit pull to start
  • A loan officer calls you back
  • Investment property only

Rather talk now? (718) 704-0499

Step 1 · About a minute in allNo credit pull

Your contact details

By pressing “Get my terms”, I agree that United Lending may contact me about this inquiry, and I accept the Terms of Use and Privacy Policy.

United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Fairbanks: common questions

Do you offer hard money loans in Fairbanks?

Yes. United Lending LLC offers private real estate financing for investors in Fairbanks and the rest of Fairbanks North Star Borough: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Fairbanks?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in College and the university area, Downtown and the Chena River and Fort Wainwright area, among other parts of Fairbanks.

How much can I borrow for a Fairbanks flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Fairbanks?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Fairbanks or have a Alaska LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Alaska, your loan officer will tell you what's needed before closing.

Alaska

More places we lend in Alaska

Sources (7)Checked November 10, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of Fairbanks Building Department: Do I need a permit?
  2. Fairbanks North Star Borough: Change-out programs
  3. Fairbanks North Star Borough: Air quality
  4. Wikipedia: Fairbanks, Alaska
  5. Wikipedia: College, Alaska
  6. Wikipedia: Fort Wainwright
  7. Wikipedia: North Pole, Alaska