2021 $0 down, VA home loan limit for North Slope Borough is $822,375.
With a population that is nearly 70 percent Native American, the North Slope Borough has a local culture largely influenced by the Inuit people. 43 percent of the population speaks Inupiat, a language spoken globally by less than 10,000 people. With a median age of 27 years old, the borough is among the younger per average resident in the country. Although the total population of North Slope is only 9,686, growth has been experienced in recent years, especially in the borough seat of Barrow, which had grown by over 300 people between 2010 and 2013.
Adjacent to Yukon-Koyukuk and the Northwest Arctic Borough, North Slope contains many nationally protected areas, including Arctic Wildlife Refuge, Noatak Wilderness, Mollie Beattie Wilderness and the Alaska Maritime National Wildlife Refuge.
Barrow is the northernmost city in the United States; it also functions as the economic center for the borough. Many residents in Barrow work in the oil industry or for the state and federal government and in the tourism sector. The city is highly secluded with no paved or connecting roads points to other parts of Alaska. Because of the concentration of permafrost, the roads are unable to be paved.
North Slope’s climate is dry and cold. Winters are extremely windy, cold, and dangerous, and summers are foggy and cool
North Slope is home to Point Barrow Long Radar Site, U.S. Air Force radar site and airstrip. As the most northern portion of the country, the U.S. military has had a military presence in Barrow since WWII. The usage of this site has greatly dissipated, however it is still open, functioning to provide support for any Air Force operations of the area.
There are roughly 636 veterans living in the North Slope Borough. The median household income of the borough is $76,679, and the median household value is $151,100.
Veteran homeowners in the area potentially qualify from a property tax exemption, per the Alaskan tax code. This exemption is contingent upon the applicant having a total disability and a net income of less than $12,000. For more information contact the tax assessor’s office of the North Slope Borough.
Your Dream Home is Waiting
Contact VA Home Loan Centers to be matched with a licensed real estate agent.
North Slope VA Property Search
Alpine, Anaktuvuk Pass, Atqasuk, Barrow, Deadhorse, Kaktovik, Nuiqsut, Point Hope, Point Lay, Prudhoe Bay, Sagwon, Umiat, Wainwright
Call 888-573-4496 for a full list of VA homes for sale in North Slope.
Maximum VA Appraisal Fees Allowable in North Slope Borough
- Single Family: $700
- Condominium: $700
- Duplex Family: $850
- Triplex Family: $900
- Fourplex Family: $900
- Repair Inspection: $100
Links:
- Alaska VA Loan Information: https://www.vahomeloancenters.org/alsaka-va-home-loan-limits/
- VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/
- Borough site: http://www.north-slope.org/
- Property tax: http://www.north-slope.org/departments/administration-finance/assessing-divison
