BOE Mortgage 184 construction loan alaska insulated panels
BOE Mortgage 184 construction loan home 1
Alaska Mountains
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BOE Mortgage 184 construction loan home 4
Alaska backdrop of mountains
Alaska Insulated Panels

184 Construction Loan

Alaska not only offers beautiful country everywhere you look, but also, the friendliest people! Combining the conveniences of the modern age with the freedom and adventure of living on the edge of a vast, unspoiled wilderness, there is always an outdoor activity to partake in. And let’s not forget about the tasty seafood! When looking at buying or building a home in Alaska, consider a lender that works day in and day out with Native American families and communities.

At Bank of England Mortgage we specialize in the flexible Section 184 construction loan, allowing you to build from scratch a stick built, modular or manufactured home to meet the needs of your family. Already own your home or are you purchasing an existing structure? The Section 184 loan program can provide you the necessary funds to remodel, renovate rehab or expand the home. If the home you found is out of date or suffers from neglect, the Section 184 loan from Bank of England Mortgage can help make these homes safe, healthy homes perfect for you and your family.

An optimal benefit of the Section 184 construction loan is that it’s a single close loan, a 30 year fixed term with your permanent rate locked in at closing. Many construction loans require two closings resulting in added expenses and the risk that rates may go up while your home is being built.

It is our goal at Bank of England Mortgage to work with you to create your perfect home loan for your perfectly built home. We’ve been helping homeowners reach their dreams since 1898!

We are the preferred lender in Alaska for material supplier R-Valued Homes, Ltd. and Alaska general contractor Jenson & Son construction, Inc. R-Valued Home has been supplying Alaskans with its super insulated, energy efficient, structural insulated panel (SIPs) homes since 1998 and Jenson & Sons Construction has been a licensed general contractor in Alaska since 1996. Together these companies know Alaska and the unique challenges of build in remote areas.

For additional information, please visit R-Valued Homes.

Complete the form below to get started today! You are our priority, we are here to walk you through the entire process.

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Meet Doug McMahon
Doug McMahon with Bank of England Mortgage

Doug McMahon is a co-manager of our Native American branch for Bank of England Mortgage. He has been in the mortgage industry since 2004. He has extensive knowledge in Conventional, FHA, VA and Section 184 Loans. Bank of England Mortgage gives him the platform to lend nationwide.

Doug resides in Highlands Ranch, CO with his wife Isabel and has three children Zak, Zara and Zane. He enjoys playing basketball, going jogging and working out at the gym. He has a passion for cooking and coaching kids in sports (soccer and basketball).