Alaska VA Home Loan Limits

alaska state

Known for its stunning scenery, Alaska is often touted as one of the most beautiful places to live in the country. Admitted as a state in 1959, Alaska was the 49th area to be granted statehood. Situated on the Arctic Circle, the area detached from the lower 48. With a total area of 1,717,854 km squared, Alaska is the largest state by size in the country. Alaska contains more area than the 22 smallest states combined, and the three largest states combined. Only 18 countries are larger than it. The population of only 735,132 gives it the distinction of being the least densely populated state in the union. Home to the ten highest mountains in the country and the tallest point in North America, Alaska has a gigantic coastline and territorial waters that extend into territorial waters of Russia. Six distinct areas make up the state including Southeast, Southwest, South Central, North Slope, Interior, and the Aleutian Islands. The local economy is dominated by the gas and oil industries, with 80 percent of the revenue generated by petroleum extraction. In addition to exporting oil and gas, the chief export of the state is seafood, namely crab, salmon, and cod.

The history of Alaska is unique in that unlike other states it was first colonized by Russia. The first European ship to make it to Alaska is widely considered to have reached the area in 1732. Russian explorers described the natives they first made contact with as ‘bearded men who pray to the icons.” Native people first migrated to the area in thousands of years ago. Interestingly, according to genetic studies, native peoples of Alaska are not closely related to other native groups prominent in the Arctic, South America and throughout North America. The indigenous people of Alaska include the Inupiat, Yupik, Aleut, Tlingit, Haida, Tsimshian and Northern Athabaskan. The area was purchased from Russia in 1867 for $7.2 million. The largest city in the state is Anchorage, and the capital is Juneau.

Featuring a large number of military bases, many veterans and service members call Alaska home. Alaska has a veteran population of nearly 75,000. Military bases in the state include Joint Base Elmendorf-Richardson, Eielson Air Force base, Clear Air Station, Eareckson Air Station, Fort Greely, Fort Wainwright, Fort Richardson and Marine Corps Barracks Alaska.

Since 2000, Alaska has experienced population growth of more than 13 percent, and home appreciation has been on the rise. Unemployment in the state is well below the national average, and the state has seen positive job growth in recent years, and public school expenditures per student are significantly above the national average.

Despite the higher cost of living, many veterans find Alaska is the ideal place to purchase a home.

In order to obtain a VA loan in the state of Alaska, there is no requirement for a termite inspection, although it is important for borrowers to keep in mind that homes located in “red” or “blue” avalanche areas are not eligible for a VA loan.

A property tax exemption is available to some veterans. The exemption amount is up to $150,000 and is contingent on a disability of 50 percent or more having been sustained during service.


To find out the exact dollar amount you qualify for, call the VA Home Loan Centers Applications Support Desk at 888-573-4496 or fill out the application for VA Loans located here.

The following military installations are located in Alaska: Adak Airport, Alexai Point Landing Field, Amchitka Army Airfield, Annette Island Airport, Cape Field at Fort Glenn, Casco Cove Coast Guard Station, Cold Bay Airport, Edward G. Pitka Sr. Airport, Eielson Air Force Base, Gakona Landing Strip, Gambell Airport, Joint Base Elmendorf-Richardson, Kiska Army Airfield, Ladd Army Airfield, Naknek Airport, Nome Airport, Ogliuga Island Army Airfield, Port Heiden Airport, Seward Airport, Yakutat Airport, Fort Davis, Fort Egbert, Cape Field at Fort Glenn, Fort Greely, Fort Liscum, Joint Base ElmendorfRichardson, Fort Tongass, Fort Wainwright, Fort William H. Seward


The loan limits below are the maximum 2019 $0 down loan amount set for each county. Although there is no maximum loan amount, the maximum no money down VA home loan limits are stated as follows.

  1. Aleutians East Borough VA Home Loan Limit $726,525
  2. Aleutians West Census Area VA Home Loan Limit $726,525
  3. Anchorage Municipality VA Home Loan Limit $726,525
  4. Bethel Census Area VA Home Loan Limit $726,525
  5. Bristol Bay Borough VA Home Loan Limit $726,525
  6. Denali Borough VA Home Loan Limit $726,525
  7. Dillingham Census Area VA Home Loan Limit $726,525
  8. Fairbanks North Star Borough VA Home Loan Limit $726,525
  9. Haines Borough VA Home Loan Limit $726,525
  10. Hoonah-Angoon Census Area VA Home Loan Limit $726,525
  11. Juneau Borough VA Home Loan Limit $726,525
  12. Kenai Peninsula Borough VA Home Loan Limit $726,525
  13. Ketchikan Gateway Borough VA Home Loan Limit $726,525
  14. Kodiak Island Borough VA Home Loan Limit $726,525
  15. Lake and Peninsula Borough VA Home Loan Limit $726,525
  16. Matanuska-Susitna Borough VA Home Loan Limit $726,525
  17. Nome Census Area VA Home Loan Limit $726,525
  18. North Slope Borough VA Home Loan Limit $726,525
  19. Northwest Arctic Borough VA Home Loan Limit $726,525
  20. Petersburg Borough VA Home Loan Limit $726,525
  21. Prince of Wales-Hyder Census Area VA Home Loan Limit $726,525
  22. Sitka Borough VA Home Loan Limit $726,525
  23. Skagway-Yakutat-Angoon Census Area VA Home Loan Limit $726,525
  24. Southeast Fairbanks Census Area VA Home Loan Limit $726,525
  25. Valdez-Cordova Census Area VA Home Loan Limit $726,525
  26. Wade Hampton Census Area VA Home Loan Limit $726,525
  27. Wrangell Petersburg Census Area VA Home Loan Limit $726,525
  28. Yakutat Census Area VA Home Loan Limit $726,525
  29. Yukon-Koyukuk Census Area VA Home Loan Limit $726,525

Apply For Alaska VA Loan Short Sale Assistance:

If you own real estate in Alaska and are needing to sell your home due to PCS, BRAC, or for any other reason, call 888-573-4496 (option 2) to speak with a benefits officer. VA Home Loan Centers provides no-cost assistance to homeowners who need to sell their home. This service is provided even if the borrower did not use their VA loan to finance a home. To apply for VA Home Loan’s short sale services click here.

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