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Looking to buy in North Slope Borough, Alaska?
There are 4 USDA backed residential loans in North Slope borough with an average loan balance of $194,133. Over 75% of the loans helped first time home buyers. Borrowers were an average age of 41 years old. The typical appraised home value was around $191,500. On average the rural home size purchased with this loan was approximately 1,433 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. North Slope 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.
Start your search for USDA loan eligible properties in the cities of North Slope Borough, AK
* cities most likely to have USDA loan eligible properties for sale.
*Anaktuvuk Pass • *Atqasuk • Chariot • Deadhorse • Gordon • *Kaktovik • Kokruagarok • *Nuiqsut • *Point Hope • *Point Lay • *Prudhoe Bay • Sagwon • Umiat • Utqiagvik • *Wainwright
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 North Slope Borough.