2021 $0 down, VA home loan limit for Yakutat Borough is $822,375.
On January 21st 2008, 90 year old Marie Smith Jones passed away, with her death, as the last full-blooded Eyak, a rich culture was lost to the world. The Eyak was the first inhabitants of the Yakutat Borough. Migrating from the Copper River, the Eyak were known as Salmon fishermen with a deep spiritual belief system. Eyak Shamans believed they could heal, tell the future, prevent evil spirits from crossing into this plain and enhance fertility through the use of wooden figures.
During the eighteenth and nineteenth centuries, explorers journeyed into Yakutat Borough from France, Great Britain, Russia and America. These explorers traded mostly in otter pelts. At the completion of the 1886 Alaska Purchase, American gold mining began along the black sand beaches of the area. The cannery and sawmill built in 1903 brought about migration to the area. During WWII, the Air Force garrisoned troops at the site of what is now the Yakutat Airport.
The area was formerly a city in a census area but was incorporated as a borough in 1992. Located in the lowlands of the Gulf of Alaska, the area has a maritime climate. In the summer, temperatures can reach as high as 60 degrees Fahrenheit and during the winter, temperatures can reach as low as 17 degrees Fahrenheit.
The economy primarily relies on fishing. Residents and visitors also fish recreationally. Trout, shellfish, and salmon populate the local waters. For hunters, there are bears, goats, deer, and moose.
The Borough has a total population of 2,400, 344 of who are veterans. The Median household income is $47,348, and the Median home value is $163,200.The land area of 2,541 sq. Miles is roughly six times the size of Rhode Island, making the borough one of the largest counties in the country.
Disabled veteran homeowners may qualify for a property tax exemption per the state of Alaska. The exemption covers the first $150,000 of the assessed property value, contingent upon a disability rating of 100 percent and a net income of less than $12,000.
Find Your Dream Home
Contact VA Home Loan Centers to be matched with a licensed real estate agent.
Maximum VA Appraisal Fees Allowable in Yakutat Borough
- Single Family: $700
- Condominium: $700
- Duplex Family: $850
- Triplex Family: $900
- Fourplex Family: $900
- Repair Inspection: $100
Click here to have a condo approved by the Veterans Administration. There are no approved condos at this time in Yakutat Borough.
- 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.yakutatak.govoffice2.com/