FHA Loans in Alaska
The FHA loan limit in Alaska is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Alaska's FHA loan limit reflects the baseline national limit, but some higher-cost areas like Anchorage and Juneau may qualify for elevated limits. FHA appraisals in Alaska are particularly rigorous — appraisers must evaluate heating systems, insulation, foundation integrity against permafrost, and water/septic systems. Properties that don't meet FHA's minimum property standards may need repairs before the loan can close, which is more common in Alaska than in most states.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,564
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $358 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,564 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Alaska's average rate of 0.91%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in Alaska
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (Alaska) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |