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Alaska VA Loans

Deciding to purchase a house in Alaska is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.

Updated on December 30, 2021

With the average listing price of a home in Alaska landing at $352,701, the VA loan’s signature $0-money-down benefit is a considerable advantage for Alaska homebuyers.

See also: VA Loan Options for Other States

How to get a VA Loan in Alaska

VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Anchorage, AK, you'll need to find a lender licensed in Alaska to do the loan.

Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender

Other Considerations for Getting a VA Loan in Alaska

VA borrowers in Alaska should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.

Alaska VA Loan Limits

As of January 1, 2020, VA borrowers in Alaska with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, Veterans without their full VA loan entitlement are still bound to Alaska’s VA loan limits.

Alaska VA Loan Limits by County

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County Loan Limit
Aleutians East $970,800
Aleutians West $970,800
Anchorage $970,800
Bethel $970,800
Bristol Bay $970,800
Denali $970,800
Dillingham $970,800
Fairbanks North Star $970,800
Haines $970,800
Hoonah-Angoon Census Area $970,800
Juneau $970,800
Kenai Peninsula $970,800
Ketchikan Gateway $970,800
Kodiak Island $970,800
Kusilvak Census Area $970,800
Lake and Peninsula $970,800
Matanuska Susitna $970,800
Nome $970,800
North Slope $970,800
Northwest Arctic $970,800
Petersburg Census Area $970,800
Prince Of Wales-Hyder Census Area $970,800
Sitka $970,800
Skagway $970,800
Southeast Fairbanks $970,800
Valdez Cordova $970,800
Wrangell $970,800
Yakutat $970,800
Yukon Koyukuk $970,800
All other areas $647,200

Property Taxes in Alaska

Another consideration for VA buyers in Alaska is property taxes. For certain VA buyers, there are exemptions.

You may receive a property tax exemption if the Veteran is 50 percent or more disabled due to service. This exemption can be up to $150,000 of the assessed value of his/her primary residence. If the Veteran is deceased from a service-connected cause, the exemption will transfer to a surviving spouse.

If you are required to pay property tax in Alaska, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:

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County Property Tax Rate
Aleutians West Census Area 1.08%
Anchorage Municipality 1.32%
Bristol Bay Borough 0.99%
Dillingham Census Area 1.28%
Fairbanks North Star Borough 1.18%
Haines Borough 0.71%
Hoonah-Angoon Census Area 0.44%
Juneau City and Borough 0.93%
Kenai Peninsula Borough 0.67%
Ketchikan Gateway Borough 0.79%
Kodiak Island Borough 1.16%
Matanuska-Susitna Borough 1.17%
Nome Census Area 1.29%
North Slope Borough 1.30%
Northwest Arctic Borough 1.10%
Petersburg Borough 0.75%
Prince of Wales-Hyder Census Area 0.27%
Sitka City and Borough 0.54%
Skagway Municipality 0.44%
Southeast Fairbanks Census Area 1.11%
Valdez-Cordova Census Area 1.15%
Wrangell City and Borough 0.66%
Yakutat City and Borough 0.66%
Yukon-Koyukuk Census Area 0.56%

How VA Loans Work in Alaska

View the graphic below to learn more about how VA loans work in Alaska.

How Alaska VA Loans work How Alaska VA Loans work How Alaska VA Loans work
START HERE: $0 Down VA Home Loans
Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender