Dillingham Census Area, AK FHA Loan Limits

Last Updated: Thu, December 28, 2017

FHA Loan Limits — Dillingham Census Area, AK

$297,850 1 Living-Unit
$381,300 2 Living-Units
$460,900 3 Living-Units
$572,800 4 Living-Units

Frannie/Freddie (Conventional) Loan Limits — Dillingham Census Area, AK

$679,650 1 Living-Unit
$870,225 2 Living-Units
$1,051,875 3 Living-Units
$1,307,175 4 Living-Units

HECM Loan Limits — Dillingham Census Area, AK

$679,650 All Home Sizes
2018 Alaska High Cost Limits

Local Loan Limits — Dillingham Census Area, AK

Loan Limit Summary

Limits for FHA Loans in Dillingham Census Area, Alaska range from $297,850 for 1 living-unit homes to $572,800 for 4 living-units. Conventional Loan Limits in Dillingham Census Area are $679,650 for 1 living-unit homes to $1,307,175 for 4 living-units. The 2018 Home Equity Conversion Mortgage (HECM) limits in Dillingham Census Area is $679,650. HECM limit does not depend on the size of the home.

FHA and conventional Loan limits vary based on the number of living-units on the property. FHA loans are only allowed on 1 to 4 living-unit properties. Dillingham Census Area has high cost limits to compensate for above average housing prices. Limits in Dillingham Census Area are above the 2018 national floor.

FHA Home Appraisal in Dillingham Census Area

To see if a home qualifies for an FHA loan, the property must be appraised by an approved FHA appraiser. Find FHA-approved appraisers in Dillingham Census Area. If you need a home inspector, click here to find FHA-approved inspectors in Dillingham Census Area.

VA Loan Limits in Dillingham Census Area

VA Loans are not insured the same way FHA loans are. With VA loans the Department of Veterans Affairs guarantees the loan on the veteran's behalf. But there is still a cap. The VA uses the 1 living-unit FHA Loan Limit as its cap on VA Loan Liability. The 2018 VA Loan Limit for Dillingham Census Area, AK is $297,850.

To lean more about VA Loans and how to qualify, click here.

Additional Resources

How to qualify for an FHA Loan in Dillingham Census Area, Alaska?

The minimum loan amount in Dillingham Census Area is $5,000 dollars and may go up to $572,800 depending on home size and loan type. In order to qualify for an FHA loan, you must be planning to live in the home. Although a loan can include some renovation costs, FHA loans cannot be used for real estate investments in Dillingham Census Area.

Additionally, your loan amount cannot exceed the value of home you are purchasing. Learn more about FHA Loan Requirements.

Cities and ZIP Codes in Dillingham Census Area

The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Dillingham Census Area which includes the following cities: Dillingham, Togiak, Aleknagik, Clarks Point, Ekwok, Manokotak, and New Stuyahok.

Dillingham Census Area loan limits also apply to the following ZIP codes: 99576, 99678, 99555, 99569, 99580, 99628, and 99636.

Citation

Data sourced from the Department of Housing and Urban Development (HUD.GOV). If you notice an error on this page, please contact us.


** Document Provided By FHALoans.guide **
Source: https://fhaloans.guide/loan-limits/alaska/dillingham-census-area