FHA Loan Limits in Alaska | Special Exception Areas

FHA loan limits in AlaskaThe FHA loan limits in Alaska depend on the county in which the property is located. In general, the limit for a single-family home is $420,680. However, some counties have higher limits, such as $450,800 in Anchorage. Borrowers should check with their local FHA office to determine the loan limit for their county.

In this blog post, we will discuss the FHA loan limits in Alaska and how they are determined. We will also cover some of the benefits of these loans and why they might be a good option for borrowers looking to purchase or refinance a home in Alaska.

FHA Loan Limits in Alaska by County in 2022

County Single-Family 2 Family 3 Family 4 Family Median House Price
ALEUTIANS EAST $420,680 $538,650 $651,050 $809,150 136,000
ALEUTIANS WEST $545,100 $697,800 $843,500 $1,048,300 $461,000
ANCHORAGE MUNIC $450,800 $577,100 $697,600 $866,950 $392,000
BETHEL CENSUS A $420,680 $538,650 $651,050 $809,150 $95,000
BRISTOL BAY BOR $420,680 $538,650 $651,050 $809,150 $214,000
DENALI BOROUGH $420,680 $538,650 $651,050 $809,150 $265,000
DILLINGHAM CENS $420,680 $538,650 $651,050 $809,150 $208,000
FAIRBANKS NORTH $420,680 $538,650 $651,050 $809,150 $285,000
HAINES BOROUGH $420,680 $538,650 $651,050 $809,150 $188,000
HOONAH-ANGOON C $420,680 $538,650 $651,050 $809,150 $125,000
JUNEAU CITY AND $511,750 $655,150 $791,900 $984,150 $445,000
KENAI PENINSULA $420,680 $538,650 $651,050 $809,150 $267,000
KETCHIKAN GATEW $420,680 $538,650 $651,050 $809,150 $365,000
KODIAK ISLAND B $453,100 $580,050 $701,150 $871,350 $394,000
KUSILVAK CENSUS $420,680 $538,650 $651,050 $809,150 $81,000
LAKE AND PENINS $420,680 $538,650 $651,050 $809,150 $131,000
MATANUSKA-SUSIT $450,800 $577,100 $697,600 $866,950 $392,000
NOME CENSUS ARE $440,450 $563,850 $681,550 $847,000 $357,000
NORTH SLOPE BOR $420,680 $538,650 $651,050 $809,150 $214,000
NORTHWEST ARCTI $420,680 $538,650 $651,050 $809,150 $161,000
PETERSBURG CENS $420,680 $538,650 $651,050 $809,150 $222,000
PRINCE OF WALES $420,680 $538,650 $651,050 $809,150 $165,000
SITKA CITY AND $503,700 $644,800 $779,450 $968,650 $438,000
SKAGWAY MUNICIP $441,600 $565,300 $683,350 $849,250 $384,000
SOUTHEAST FAIRB $420,680 $538,650 $651,050 $809,150 $161,000
VALDEZ-CORDOVA $420,680 $538,650 $651,050 $809,150 $248,000
WRANGELL CITY A $420,680 $538,650 $651,050 $809,150 $205,000
YAKUTAT CITY AN $420,900 $538,800 $651,300 $809,450 $241,000
YUKON-KOYUKUK C $420,680 $538,650 $651,050 $809,150 $87,000

How FHA Loan Limits in Alaska Are Calculated

As many of you may know, HUD is the federal agency that oversees housing policy and administers various home loan programs in the United States. One of its primary responsibilities is to set limits on the maximum amount of mortgage financing available to eligible borrowers through HUD-insured loans, known as “HUD loan limits”.

The calculation of these loan limits is based on a number of factors, including population size and median income levels in a particular region. For example, loan limits may be higher in areas with lower housing costs and higher incomes, while they may be lower in areas where housing costs are high relative to income levels.

There are also other considerations that go into determining HUD loan limits, including the number of borrowers who will apply for financing and the amount of equity that they have in their homes. However, Population size and median income levels are two of the most important factors in this calculation.

Now that we’ve covered some of the basics, let’s take a more in-depth look at how HUD loan limits are calculated.

As we mentioned before, one of the key factors that go into determining these loan limits is population size. This means that in areas with larger populations, the maximum amount of financing available will tend to be higher.

Additionally, median income levels are also taken into account when calculating HUD loan limits. This means that lenders will generally look at both the cost of living and average earnings in a particular region, and then adjust the loan limits accordingly.

FHA Loan Limits For Multifamily in AlaskaOverall, it’s important to understand how these loan limits are calculated in order to better understand HUD’s role in the housing market and how it affects borrowers. So if you’re looking to apply for a home loan, be sure to do your research and find out what kind of financing is available to you in your area.

Benefits of FHA Loans in Alaska

One of the main benefits of an FHA loan is that it comes with lower down payment requirements than conventional loans. In most counties in Alaska, borrowers only need to put down 3.5% of the purchase price, making it easier for many people to afford their dream homes. Additionally, FHA loans often have more flexible qualification criteria than conventional loans, making them ideal for those who may not qualify otherwise.

Overall, if you are looking to buy or refinance a home in Alaska, an FHA loan could be the right choice for you. To learn more about these loans and whether they might be a good option for your situation, talk to your local FHA office or consult with an experienced mortgage broker today.
Below is the FHA checklist of all requirements when applying for an FHA loan in Alaska. The property needs to meet certain safety and habitability standards and appraisal will be required.

FHA Loan Requirements Checklist in Alaska
FHA Minimum Required FICO Score: 500
Required FHA Minimum Down Payment 3,5% (10% with credit under 580)
Debt to Income FHA Ratio Up to 56.9%
FHA Minimum Required Job History 2 years of full-time employment
FHA Minimum Required Income Must be fully documented
FHA Mortgage Insurance (MI) Required
An FHA-approved lender Required
Tax Returns 2 Years
Bank Statements 2 Months
Pay stubs 2 Months

Top 3 Cities in Alaska to Live in


If you’re thinking of buying a house in Anchorage Alaska, then you need to know about the current state of the housing market. Here’s a brief overview of what you can expect. The average price for a home in Anchorage is $300,000, which is about on par with the national average. However, prices have been steadily increasing over the past few years, so it’s possible that they will continue to rise. The median home price is slightly higher at $315,000. There are a number of factors that contribute to the high cost of living in Anchorage. One is that there is very little new construction taking place. This means that there are fewer homes available for sale, which drives up prices. In addition, the city is in a very desirable location and has lots of natural beauty, which draws many people to it.


The Juneau Alaska house market is booming, and there are many reasons why. The weather is perfect for those who love the outdoors, and there are plenty of activities to keep everyone busy. The cost of living is also very reasonable, making it a great place to raise a family. If you’re thinking about buying a home in Juneau, now is the time to do it. Here’s a look at some of the reasons why Juneau’s house market is so hot right now. One of the main reasons why the Juneau in Alaska house market is so hot is the great weather. With long, sunny days and mild temperatures throughout the year, it’s the perfect place to enjoy all of your favorite outdoor activities. Whether you love hiking, kayaking, fishing, or skiing, there are plenty of opportunities for you to get out and explore the stunning Alaskan wilderness.


Fairbanks Alaska is a booming market for houses. The market has been steady for the past few years, but there are some new factors at play that could mean big things for the future of the market. The first factor is population growth. Fairbanks is growing rapidly, and as more people move to the area, the demand for housing will increase. This population growth is being driven by job growth in the area. There are many new businesses moving to Fairbanks, and they are bringing new jobs with them. This increased job availability is attracting people from all over Alaska, and even from outside of the state. The second factor is the recent discovery of oil in the area. This could have a big impact on the economy of Fairbanks and could lead to even more job growth. The oil industry is already starting to have an impact on the housing market, as many workers in the industry are moving to Fairbanks. This is only going to increase in the future, as the oil industry expands in Alaska.