What are FHA Loan Limits in Alaska?
FHA loans are a low down payment mortgage program and Alaska FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. Alaska FHA loan limits widely vary across the state with about half of it’s counties set at the floor amount of $275,665 while other, higher-cost areas have maximum FHA limits of up to $451,950.
Alaska FHA Loan Limits Search:
County Name | Area | 1-Unit | 2-Unit | 3-Unit | 4-Unit |
|---|---|---|---|---|---|
| ALEUTIANS EAST | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| ALEUTIANS WEST | NON-METRO | $385,250 | $493,200 | $596,150 | $740,850 |
| ANCHORAGE MUNIC | ANCHORAGE, AK | $411,700 | $527,050 | $637,050 | $791,750 |
| BETHEL CENSUS A | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| BRISTOL BAY BOR | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| DENALI BOROUGH | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| DILLINGHAM CENS | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| FAIRBANKS NORTH | FAIRBANKS, AK | $331,760 | $424,800 | $513,450 | $638,100 |
| HAINES BOROUGH | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| HOONAH-ANGOON C | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| JUNEAU CITY AND | JUNEAU, AK | $455,400 | $583,000 | $704,700 | $875,750 |
| KENAI PENINSULA | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| KETCHIKAN GATEW | KETCHIKAN, AK | $369,150 | $472,550 | $571,250 | $709,900 |
| KODIAK ISLAND B | NON-METRO | $408,250 | $522,600 | $631,750 | $785,100 |
| KUSILVAK CENSUS | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LAKE AND PENINS | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MATANUSKA-SUSIT | ANCHORAGE, AK | $411,700 | $527,050 | $637,050 | $791,750 |
| NOME CENSUS ARE | NON-METRO | $391,000 | $500,550 | $605,050 | $751,900 |
| NORTH SLOPE BOR | NON-METRO | $332,350 | $425,450 | $514,300 | $639,150 |
| NORTHWEST ARCTI | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| PETERSBURG CENS | NON-METRO | $332,350 | $425,450 | $514,300 | $639,150 |
| PRINCE OF WALES | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| SITKA CITY AND | NON-METRO | $486,450 | $622,750 | $752,750 | $935,500 |
| SKAGWAY MUNICIP | NON-METRO | $415,150 | $531,450 | $642,400 | $798,350 |
| SOUTHEAST FAIRB | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| VALDEZ-CORDOVA | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| WRANGELL CITY A | NON-METRO | $332,350 | $425,450 | $514,300 | $639,150 |
| YAKUTAT CITY AN | NON-METRO | $420,900 | $538,800 | $651,300 | $809,450 |
| YUKON-KOYUKUK C | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
Alaska FHA loan limits can change at any time. Check back often to ensure accurate information.
How are Alaska FHA Limits Set?
Mortgage limits for Alaska FHA loans are based on median housing prices for the particular county and Metropolitan Statistical Area (MSA). More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low cost areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.
AK FHA Loan-to-Value Limits (LTV)
- Purchase Loans – The mortgage loan-to-value limit in AK is 96.5% of the lower of the purchase price or the appraised value of the home.
- Refinance Loans – The refinance loan-to-value limit in AK is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.
Metro areas in Alaska above the floor FHA mortgage limit of $275,665 in the areas of Anchorage, Montgomery, Fairbanks, Juneau, Ketchikan and Kodiak.
Alaska FHA Loan Down Payment Limits:
In Alaska, the minimum FHA loan down payment amounts are based on credit score. Applicant’s with a credit score of 580 or higher are eligible for 3.5 percent down.
| Minimum Credit Score | Minimum Down Payment |
|---|---|
| 580 FICO or Above | 3.5% Down Payment |
| Below 580 FICO | 10% Down Payment |
FHA down payment assistance is also available in certain areas.
You may also want to view these additional FHA loan resources before deciding on a mortgage loan:
More FHA Loan Resources
- FHA Loan Limits for all 50 states
- Conforming Loan Limits for all 50 states
- Check Your FHA Loan Eligibility
- Determine Your FHA Mortgage Payment Amount
- Check Current FHA Mortgage Rates
- FHA Loan Requirements
- Understanding FHA Mortgage Insurance
- FHA Payment Calculator
- FHA Mortgage Insurance Calculator
- FHA Upfront MIP Calculator
- FHA Refinance Loans
- FHA Streamline Refinance
- FHA Cash-Out Refinance
- Other Mortgage Options
- Ask an FHA Mortgage Question
- FHA Mortgage Rates
