2019 FHA Loan Limits in Alaska
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The federal government has set the maximum amount an Alaskan can borrow with an FHA loan between $314,827 and $486,450 for a single-family home, depending on which county the property is located in. The lower number applies to rural areas, such as the Lake and Peninsula Borough, while folks in some urban areas might be able to qualify for more than $400,000.
Dreaming about buying a house in Alaska? This may be the perfect time to make the leap. Data from the Alaska Department of Labor and Workforce Development show houses in the nation’s 49th state have become more affordable in the past decade, thanks to low interest rates, less competitive bidding for homes and fewer foreclosures.
And thanks to the Federal Housing Administration (FHA), some Alaskans can qualify for federally backed loans to help get them into a new house. This year, interested Alaskans will be able to borrow even more in some areas to make their homebuying dreams come true.
Alaska FHA loan limits by county
| FHA Loan Limits in Alaska | |||||
| County | Single-Family Limit | Two-Family Limit | Three-Family Limit | Four-Family Limit | Median Sale Price |
| Aleutians East | $331,760 | $424,800 | $513,450 | $638,100 | $139,000 |
| Aleutians West | $385,250 | $493,200 | $596,150 | $740,850 | $235,000 |
| Anchorage Munic | $411,700 | $527,050 | $637,050 | $791,750 | $358,000 |
| Bethel Census A | $331,760 | $424,800 | $513,450 | $638,100 | $170,000 |
| Bristol Bay Bor | $331,760 | $424,800 | $513,450 | $638,100 | $264,000 |
| Denali Borough | $331,760 | $424,800 | $513,450 | $638,100 | $250,000 |
| Dillingham Cens | $331,760 | $424,800 | $513,450 | $638,100 | $211,000 |
| Fairbanks North | $331,760 | $424,800 | $513,450 | $638,100 | $253,000 |
| Haines Borough | $331,760 | $424,800 | $513,450 | $638,100 | $169,000 |
| Hoonah-Angoon C | $331,760 | $424,800 | $513,450 | $638,100 | $253,000 |
| Juneau City And | $455,400 | $583,000 | $704,700 | $875,750 | $387,000 |
| Kenai Peninsula | $331,760 | $424,800 | $513,450 | $638,100 | $227,000 |
| Ketchikan Gatew | $369,150 | $472,550 | $571,250 | $709,900 | $316,000 |
| Kodiak Island B | $408,250 | $522,600 | $631,750 | $785,100 | $355,000 |
| Kusilvak Census | $331,760 | $424,800 | $513,450 | $638,100 | $99,000 |
| Lake And Penins | $331,760 | $424,800 | $513,450 | $638,100 | $132,000 |
| Matanuska-Susit | $411,700 | $527,050 | $637,050 | $791,750 | $358,000 |
| Nome Census Are | $391,000 | $500,550 | $605,050 | $751,900 | $273,000 |
| North Slope Bor | $332,350 | $425,450 | $514,300 | $639,150 | $172,000 |
| Northwest Arcti | $331,760 | $424,800 | $513,450 | $638,100 | $163,000 |
| Petersburg Cens | $332,350 | $425,450 | $514,300 | $639,150 | $229,000 |
| Prince Of Wales | $331,760 | $424,800 | $513,450 | $638,100 | $189,000 |
| Sitka City And | $486,450 | $622,750 | $752,750 | $935,500 | $413,000 |
| Skagway Municip | $415,150 | $531,450 | $642,400 | $798,350 | $328,000 |
| Southeast Fairb | $331,760 | $424,800 | $513,450 | $638,100 | $214,000 |
| Valdez-Cordova | $331,760 | $424,800 | $513,450 | $638,100 | $281,000 |
| Wrangell City A | $332,350 | $425,450 | $514,300 | $639,150 | $234,000 |
| Yakutat City An | $420,900 | $538,800 | $651,300 | $809,450 | $206,000 |
| Yukon-Koyukuk C | $331,760 | $424,800 | $513,450 | $638,100 | $90,000 |
How are FHA loan limits determined?
The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, that conforming limit is $484,350.
The FHA “floor” is the largest mortgage the agency will issue in most of the country and is set at $314,827 in 2019.
The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $726,525 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.
Here are the 2019 standard FHA limits for all property types:
- One-unit: $314,827
- Two-unit: $403,125
- Three-unit: $487,250
- Four-unit: $605,525
Here are the 2019 standard FHA limits for high-cost areas:
- One-unit: $726,525
- Two-unit: $930,300
- Three-unit: $1,124,475
- Four-unit: $1,397,400
Do you qualify for an FHA loan in Alaska?
FHA loans are a great deal for qualified buyers thanks to lower down payments and closing costs. Find out if your ;credit score and income will help you qualify for one of these loans.
