FHA single-family mortgages in ALASKA can have down payments as little as 3.5%. In some cases, FHA insurance allows homebuyers to finance approximately 96.5% of the value of their home purchased with their FHA mortgage.

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November 20, 2019
FHA Rates for November 20, 2019
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FHA Appraisers in ALASKA

Getting the Proper Home Appraisal

Though Alaska is technically included in the continental United States, it is often not included in colloquial use and is not part of what is referred to as "the Lower 48." Its size is greater than the combined area of the next three largest states: Texas, California, and Montana. It is also larger than the combined area of the smallest 22 states.

The oil and gas industry dominates the Alaskan economy. More than 80% of revenue derived in the state comes from petroleum extraction. Excluding oil and natural gas, the state's main export is seafood, made up largely by salmon, crab, cod, and pollock. Petroleum revenues and federal subsidies allow Alaska to have the lowest individual tax burden in the United States. Alaska imposes no state sales tax and no individual income tax, though some municipalities collect local sales tax in the 1% to 5% range.

Anchorage is Alaska's only city with a population greater than 100,000. Larger towns in the state include Fairbanks, Juneau (the state capital), Wasilla, and College (a census-designated place adjacent to Fairbanks). The world-renowned Iditarod Trail Sled Dog Race began in 1973 as an event to test the best sled dog mushers and teams. Today, it is the most popular sporting event in Alaska and attracts participants from the international sledding community. Many films have been shot in Alaska, including Into the Wild directed by Sean Penn and White Fang starring Ethan Hawke. The hit television show Northern Exposure was set in Cicely, Alaska, though actually filmed in Washington state.

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