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Kodiak Island Borough, Alaska VA Home Loan Info

2021 $0 down, VA home loan limit for Kodiak Island Borough is $822,375.

About Kodiak Island Borough

Kodiak Island Borough va homesFor 7,000 years, the Alutiiq people have lived in Kodiak Island Borough Alaska. A richly unique culture known for its masked dances and celebrations, rooted in the belief that communication with animal spirits and natural forces was possible, the Alutiiq once numbered as many as 13,000. The eighteenth and nineteenth century are known today as a dark chapter in Alutiiq history. With the incursion of Russian fur trading companies, many Alutiiq died in cold blood, while others were subjected to devastating diseases like small pox. In 1867, the arrival of American and Scandinavian traders and the sale of Alaska from Russia to the United States improved the Alutiiq quality of life, at least in comparison to the previous regime. Commercial fishing, mining and fox farming were established as prosperous industries. Today, the Alutiiq population has been reduced to around 4,000.

Kodiak Island is located in southern Alaska. It is the country’s second largest island, in terms of area. Seven communities form the Kodiak Island Borough, with the main city being Kodiak. Several nationally protected areas are found in the area, namely the Alaska Maritime National Wildlife Refuge, the Becharof Wilderness, Kodiak National Wildlife Refuge and the Chugach National Forest. The Island is an extremely important environmental asset in regards to this nations fishing industry. Area Salmon is a highly sought after commodity.

Kodiak Island is full of wildlife and is great for exploration. Bears, red foxes, river otters, brown bats, weasels, muskrats, deer, and elk all roam the island. Besides the wildlife, you can go hiking, kayaking, scuba diving, fishing, rafting, and backpacking. Moreover, Kodiak has the annual Brown Bear Festival, a Whale Festival, Earth Day Triathlon, a Crab Festival, and a Polar Bear Plunge.

The island is foggy, rainy, and gets up to 70 inches of snow each year. Although the weather is dreary, there is always a lot to do on the island.

The Erskine House, Fort Abercrombie State Historic Site, the Holy Resurrection Orthodox Church, the Old American Cemetery, and the Russian Cemetery are all listed on the National Register of Historic Sites. These provide a great resource and window into Alaskan history.

The island has a total population of 14,135 which includes 1,047 veterans. The median household income is $70,976, and the Median household price is $233,100

The Military and Veteran Affairs office located on Kodiak Island on Powell Avenue provides services to local veterans namely benefits assistance and referrals. Coast Guard Air Station Kodiak, one of the largest Coast Guard Units in America, is located in Kodiak. The base is home to 400 personnel members and serves to provide aerial search and rescue.

Property tax exemptions are available for disabled veterans with a disability rating of greater than 50 percent. This exemption amounts to up to the first $150,000 of the assessed value of the property. A similar exemption exists for the serving spouse of a military service member.

Find the Perfect Home Today

If you would like to be matched with a licensed real estate agent, contact VA Home Loan Centers today.

VA Property Search

Akhiok, Aleneva, Chiniak, Karluk, Kodiak, Kodiak Station, Larsen Bay, Old Harbor, Ouzinkie, Port Lions, Womens Bay.

We are updating our property search. Call 888-573-4496 to request a list of VA approved homes for sale on Kodiak Island.

Maximum VA Appraisal Fees Allowable in Kodiak Island Borough

  1. Single Family: $700
  2. Condominium: $700
  3. Duplex Family: $850
  4. Triplex Family: $900
  5. Fourplex Family: $900
  6. Repair Inspection: $100

Approved Condos

Currently there are no condos in Kodiak Island that are approved by the Veterans Administration. Click here if you would like the VA to approve a condo.

VFW Post

Post 7056 Robert Lee Spencer Memorial Post
PO Box 404
Kodiak, AK 996150404
United States
Phone: (907) 486-3195

Meeting Location & Time
8625 Monashka Bay Road
Kodiak, AK 99615
United States

7:00 PM 2nd Tuesday

Quartermaster: Robin Ayers Frost
Commander: Thomas Saunders

Links for this page:

  1. Alaska VA Loan Information: https://www.vahomeloancenters.org/alsaka-va-home-loan-limits/
  2. VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/
  3. Borough site: http://www.kodiak.org/
  4. Chamber of Commerce: http://www.kodiakchamber.org/
  5. Property tax: http://www.kodiakak.us/index.aspx?NID=283