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Looking to buy in Kenai Peninsula Borough, Alaska?
There are 582 USDA backed residential loans in Kenai Peninsula borough with an average loan balance of $174,935. Over 75% of the loans helped first time home buyers. Borrowers were an average age of 38 years old. The typical appraised home value was around $181,436. On average the rural home size purchased with this loan was approximately 1,227 SqFt. The state of Alaska determines loan eligibility income limits based on road access to the property. If the property has road access then a household of upto 4 people has an income limit of $114,400 and a household of between 5 and 8 people has a limit of $151,000. Otherwise, if the property has no road access, a household of upto 4 people has a income limit is $172,000 and a household of between 5 and 8 people has an income limit is $227,000. Kenai Peninsula borough applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.
Start your search for USDA loan eligible properties in the cities of Kenai Peninsula Borough, AK
* cities most likely to have USDA loan eligible properties for sale.
*Anchor Point • *Bear Creek • Beluga • *Clam Gulch • *Cohoe • *Cooper Landing • *Crown Point • *Diamond Ridge • Falls • *Fox River • *Fritz Creek • *Funny River • Gilpatricks • *Halibut Cove • *Happy Valley • *Homer • *Hope • Iniskin • Jakolof Bay • *Kachemak • Kachemak Silo • *Kalifornsky • *Kasilof • *Kenai • Kustatan • Lakeview • Lawing • *Lowell Point • Millers Landing • *Moose Pass • Muskwa Village • *Nanwalek • Naptowne • Nikishka • *Nikiski • *Nikolaevsk • *Ninilchik • Point Possession • *Port Graham • Port Nikiski • *Primrose • *Ridgeway • *Salamatof • *Seldovia • *Seldovia Village • *Seward • Silvertip • Snug Harbor • *Soldotna • *Sterling • *Sunrise • *Tyonek • Woodrow
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Kenai Peninsula Borough.