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 EASTNON-METRO$275,665$352,950$426,625$530,150
ALEUTIANS WESTNON-METRO$385,250$493,200$596,150$740,850
ANCHORAGE MUNICANCHORAGE, AK$396,750$507,900$613,950$763,000
BETHEL CENSUS ANON-METRO$275,665$352,950$426,625$530,150
BRISTOL BAY BORNON-METRO$313,950$401,900$485,800$603,750
DENALI BOROUGHNON-METRO$297,850$381,300$460,900$572,800
DILLINGHAM CENSNON-METRO$275,665$352,950$426,625$530,150
FAIRBANKS NORTHFAIRBANKS, AK$275,665$352,950$426,625$530,150
HAINES BOROUGHNON-METRO$284,050$363,600$439,550$546,250
HOONAH-ANGOON CNON-METRO$281,750$360,700$436,000$541,800
JUNEAU CITY ANDJUNEAU, AK$425,500$544,700$658,450$818,250
KENAI PENINSULANON-METRO$275,665$352,950$426,625$530,150
KETCHIKAN GATEWKETCHIKAN, AK$325,450$416,600$503,600$625,850
KODIAK ISLAND BNON-METRO$381,800$488,750$590,800$734,250
KUSILVAK CENSUSNON-METRO$275,665$352,950$426,625$530,150
LAKE AND PENINSNON-METRO$275,665$352,950$426,625$530,150
MATANUSKA-SUSITANCHORAGE, AK$396,750$507,900$613,950$763,000
NOME CENSUS ARENON-METRO$353,050$451,950$546,300$678,950
NORTH SLOPE BORNON-METRO$332,350$425,450$514,300$639,150
NORTHWEST ARCTINON-METRO$275,665$352,950$426,625$530,150
PETERSBURG CENSNON-METRO$332,350$425,450$514,300$639,150
PRINCE OF WALESNON-METRO$275,665$352,950$426,625$530,150
SITKA CITY ANDNON-METRO$451,950$578,550$699,350$869,150
SKAGWAY MUNICIPNON-METRO$415,150$531,450$642,400$798,350
SOUTHEAST FAIRBNON-METRO$275,665$352,950$426,625$530,150
VALDEZ-CORDOVANON-METRO$293,250$375,400$453,750$563,950
WRANGELL CITY ANON-METRO$332,350$425,450$514,300$639,150
YAKUTAT CITY ANNON-METRO$420,900$538,800$651,300$809,450
YUKON-KOYUKUK CNON-METRO$275,665$352,950$426,625$530,150

Alaska FHA loan limits can change at any time. Check back often to ensure accurate information.

How are Alaska FHA Limits Set?

Alaska FHA Loan LimitsMortgage 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 ScoreMinimum Down Payment
580 FICO or Above3.5% Down Payment
Below 580 FICO10% 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

 

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