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Lake and Peninsula Borough, Alaska VA Home Loan Information

Lake and Peninsula Borough va homes for sale2021 $0 down, VA home loan limit for Lake and Peninsula Borough is $822,375.

With a population of 1,648 residents and a land area of 32,922 square miles, Lake and Peninsula Borough has the second smallest population density of any county in the United States, behind only the Yukon-Koyukuk Census Area. With a greater total square mileage than that of San Bernardino County (the largest in the mainland United States) the most populous city in the borough (Nondalton) still only has 0.03 residents per .08 square miles. Newhalen, the city in the borough with greatest total number of inhabitants only has approximately 133 residents. What the area lacks in people it makes up for in nationally protected areas. Portions of eleven are found in the borough, including the Alagnak Wild River, Lake Clark Wilderness and Aniakchack National Monument and Preserve.

Adjacent to Bristol Bay, Kodiak Island and Bethel, Lake and Peninsula is home to the biggest fresh water lake in the state. The land ranges from wetlands to volcanoes.

The economy relies heavily on salmon fishing. Recreationally, fishing is a popular activity for many locals in the area. Other outdoor activities enjoyed include hunting and wildlife sightseeing. Elk, sea otters, seals, red foxes and whales can all be found in Lake and Peninsula Borough.

In the summer months, the borough generally doesn’t get hotter than 62 degrees and during the winter it doesn’t, usually, get colder than 6 degrees Fahrenheit.

The veteran population of the borough is below 100. The median household income is $49,808 the median home value is $156,300.

Local veteran homeowners potentially qualify for a property tax exemption off of the first $150,000 of the assessed property value. Eligibility is based on the presence of a disability rating of 100 percent and an income below $12,000.

Your Dream Home is Waiting

Contact VA Home Loan Centers to be matched with a licensed real estate agent.

Lake and Peninsula Borough Property Search

Chignik, Chignik Lagoon, Chignik Lake, Egegik, Igiugig, Iliamna, Ivanof Bay, Kokhanok, Levelock, Newhalen, Nondalton, Pedro Bay, Perryville, Pilot Point, Pope-Vannoy Landing, Port Alsworth, Port Heiden, Ugashik

Call 888-573-4496 to get a complete list of VA homes for sale in this borough.

Maximum VA Appraisal Fees Allowable in Lake and Peninsula 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

Click here to have a condo approved in this borough. At this time there are no condos approved by the Veterans Administration on Lake and Peninsula Borough.

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.lakeandpen.com/