AlaskaThere is some good news for Alaska residents: Now you can get fixed rate mortgages for building a new home, renovating/repairing existing homes or relocating to a new home. If you are staying in and around Bethel, Denali, Skagway, Sitka City, Prince of Wales and other counties of Alaska, then you can easily secure a guaranteed or secured USDA mortgage. The United States Department of Agriculture (USDA) has provisioned this fixed interest mortgage for the benefit of Alaska’s residents and to promote development and progress.


Based on the location and property index, there are some counties within Alaska which are not eligible for USDA mortgage for homes. Counties which are not eligible include:

  • Anchorage
  • Fairbanks North Star (some of the areas within Fairbanks North Star County are in fact eligible. Kindly visit the link below to get the complete information)
  • Juneau

For complete list all eligible and non-eligible counties within Alaska, you are encouraged to visit:

There are mainly two types of USDA mortgage available for Alaska: Guaranteed and Direct. Both of these mortgages have their own rules and regulations based on the income limit; your eligibility and approval of USDA mortgage will depend on this factor. For example, at Lake and Peninsula Borough County, a 4 person household’s income limit is $41350 in case of application of Direct Mortgage, for the segment of Very Low Income.

USDA mortgage scheme has arrived as a boon for those families who cannot afford a home in current harsh economic period. Thousands of families have taken advantage of this government sponsored program for rural housing development. Some of the major benefits of this program are:

  • Interest free loan for 15 years
  • No down payment required
  • US Government sponsored financial scheme
  • Guaranteed as well as Direct Mortgage
  • Liberal income limits

Alaska is one of the remotest and least densely populated states of America. In case you reside in one of the eligible counties of Alaska, and still waiting for a home which you can call your own, then this is the right moment to take the step. The best part of USDA mortgage is that, the whole loan can be paid in installments and the period can be extended till 15 years. To get more detailed information and to apply for this beneficial scheme, please call us at 877-342-7449 or fill up the form on the right hand side of this page.