Alaska Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Alaska (AK). The median home price in Alaska is $333,300, with an effective property tax rate of 1.14% (ranked #16 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Alaska data.

Alaska Property Tax Information

Alaska has an effective property tax rate of 1.14%, ranking #16 among all 50 states. The median annual property tax is $3,785 ($315/month). Source: Tax Foundation 2025.

Alaska Loan Limits 2026

FHA loan limit in Alaska: $524,225 (floor) to $1,814,625 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Alaska has designated high-cost areas with higher limits.

Estimated Monthly Payment in Alaska

For a median-priced home of $333,300 with 20% down ($66,660), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,685, plus $315 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,125/month.

Alaska Closing Costs

Average closing costs in Alaska are $3,683 (0.54% of purchase price), ranked #24 nationally. Alaska does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Alaska Housing Market 2026

Home prices in Alaska have increased 2.1% year-over-year. Average days on market: 52. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Alaska

Alaska offers 1 down payment assistance programs through Alaska Housing Finance Corporation (AHFC):

  • First-Time Homebuyer Program (second mortgage): Reduced interest rates for qualified first-time buyers with income limits. - Up to Below-market interest rates

Contact AHFC: https://www.ahfc.us | Phone: 907-338-6100

Did You Know About Alaska?

  • Alaska has no state income tax or state sales tax
  • FHA loan limits are 150% higher due to special exception status
  • Many areas qualify for USDA rural development loans
  • Permanent Fund Dividend can help with down payment savings

Frequently Asked Questions About Buying a Home in Alaska

What is the average property tax rate in Alaska?

The effective property tax rate in Alaska is 1.14%, with a median annual tax of $3,785. This ranks #16 among all states.

What are the FHA loan limits in Alaska for 2026?

The FHA loan floor in Alaska is $524,225 and the ceiling is $1,814,625 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Alaska?

Average closing costs in Alaska are $3,683, which is approximately 0.54% of the purchase price.

Are there first-time homebuyer programs in Alaska?

Yes, Alaska offers 1 down payment assistance programs through Alaska Housing Finance Corporation, including grants, forgivable loans, and second mortgages.

Is Alaska a good place to buy a home in 2026?

With a median home price of $333,300 and moderate inventory, Alaska is currently a buyer's market. Home prices have increased 2.1% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.