<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">
Alaska-States-Banner

Key Takeaways for Alaska Home Buyers:

Here's what you need to know to get started if you’re looking at buying in The Last Frontier.

Average Home Prices in Alaska

As of September 2025, the median sale price for a single-family home in Alaska is $378,640.

Average home price:

  • Anchorage: $400,619
  • Juneau: $461,692
  • Fairbanks: $285,515
  • Sitka: $500,221

Source: zillow.com/home-values

Average Home Size in Alaska

The average size for a single-family home in Alaska is approximately 1,765 square feet.

Average home size:

  • Anchorage: 1,846 square feet
  • Juneau: 1,496 square feet
  • Fairbanks: 1,610 square feet

Source: https://fred.stlouisfed.org/

Alaska State Taxes

  • Alaska has no state income tax.
  • Alaska has no statewide sales tax, though some local jurisdictions charge their own sales taxes that typically range from 1% to 7%.
  • Alaska’s property taxes vary by locality, with effective rates averaging around 1.2% depending on the municipality.

How Much Can You Afford in Alaska?

Ideal
Monthly Payment:
$750.00

affordability graph legend
$750.00
$1050
$1350

Mortgage Questions?
Churchill has Answers!

Are you buying a home or refinancing?

Where are you planning to buy a home?

Please Select a State

When are you planning to buy a home?

What is your timeline?:

What is your full name?

Please Enter a Name
Please Enter a Last Name

What is your email address?

Please Enter a Valid Email Address
  We won't share your information.

Next, we need to verify a phone number.

Enter a Valid Phone Number
Please Select a Message Type

Enter your phone number and we'll text you a 6-digit security code to verify it's you. Standard texting and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions..

Enter the 6-digit code sent to your device.

 Code sent to +1234567890

Finally, how did you hear about us?

Please Select an Option

By submitting this form, I/we agree to your Privacy Policy, Email and Mobile Policy, Terms of Use and authorize Churchill Mortgage Corporation and/or their Preferred Provider for our area and/or The Churchill Agency to receive the above information to assist in obtaining a home loan.

I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive SMS text messages sent by an automatic telephone dialing system. Message and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions. Consent to these terms is not a condition of purchase.

Your answer will NOT negatively affect your mortgage application. Your answer does not mean the Lender or Other Loan Participants agree to communicate or provide documents to you in your preferred language. However, it may let them assist you or direct you to persons who can assist you. Language assistance and resources may be available through housing counseling agencies approved by the U.S. Department of Housing and Urban Development. To find a housing counseling agency, contact one of the following Federal government agencies. U.S. Department of Housing and Urban Development (HUD) at (800)569-4287 or www.hud.gov/counseling

Es probable que su transacción de préstamo hipotecario suceda en inglés. Por medio de esta pregunta, solicitamos información para determinar si existen comunicaciones disponibles a su servicio, en su idioma preferido. Sírvase tener en cuenta: posiblemente NO hay comunicaciones disponibles en su idioma preferido.

Thank You!

Thank you for choosing Churchill Mortgage to help you with your home loan needs!

Our team is already hard at work connecting you with your Home Loan Specialist. Rest assured that we've received your request and will be in touch with you shortly.

social proof logos

Already working with someone at Churchill?

Find Your Home Loan Specialist

Please Select a Loan Officer

Alaska Down Payment Assistance Programs

National Homebuyers Fund FHA Program

This down payment assistance program helps buyers get into a home with little to no upfront cost, offering up to 101.5% financing through an FHA first mortgage and a second lien.

purchase-g-radio
More about this program
  • FHA loan covers 96.5% of the purchase price
  • Second lien covers 3.5% or 5% for down payment or closing costs
  • Minimum credit score: 600 (660 for manual underwriting)
  • No first-time buyer requirement
  • No max DTI with DU/LP approval
  • Homebuyer education required (Fannie Mae HomeView – free online)
  • Non-occupant co-borrowers allowed
  • Eligible properties: Single-family homes, duplexes (2 units), PUDs, condos (agency approved), townhomes, manufactured homes allowed (except single-wides)

National Community Lending Program

This program supports low- to moderate-income buyers with down payment assistance and flexible financing to make homeownership more accessible.

purchase-g-radio
More about this program
  • 30-year fixed-rate conventional mortgage
  • Second lien offers up to 4% for down payment assistance
  • Max LTV/CLTV: 97% / 105%
  • Income limit: Up to 140% of area median income (AMI)
  • Minimum credit score: 660
  • DTI: Lesser of 50% or AUS approval
  • Eligible properties: Single-family detached or attached homes, single-family homes with accessory units (must be zoned single-family), PUDs and condominiums, rural properties (must be residential in nature)

Churchill Mortgage is an approved lender for these down payment assistance programs. Contact us today to see if you qualify!

Frequently Asked Questions

Check our FAQs for responses to our most popular questions from Alaska home buyers.

Cash 1
How Much Should I Budget for Closing Costs in Alaska?

Closing costs in Alaska usually range from 2% to 5% of the home’s purchase price. These costs may include fees for appraisals, inspections, title insurance, and lender charges. Your loan officer can give you a personalized estimate based on your purchase.

For example, on a $300,000 home, buyers can expect to pay between $6,000 and $15,000 in closing costs. 

Bank
What Are the Most Popular Home Loan Types in Alaska?

The most common loans among Alaska buyers are:

  • Conventional Loans – Flexible terms with competitive interest rates. Often preferred by buyers with strong credit and larger down payments, though options with as little as 3% down are available.

  • FHA Loans – Backed by the Federal Housing Administration, these are popular with first-time buyers. They allow lower credit scores and down payments starting at 3.5%.

  • VA Loans – Available to eligible veterans, active-duty service members, and surviving spouses. VA loans require no down payment and no private mortgage insurance (PMI).

  • USDA Loans – Designed for qualifying buyers in rural and suburban areas. These loans also offer no down payment and reduced mortgage insurance costs.

Collaboration
How Can I Find a Trusted Local Alaska Realtor to Work With?

Churchill Mortgage's experienced Home Loan Specialists work closely with a network of trusted, local real estate agents across the state of Alaska. Just ask for a referral and we'll provide you with a professional who is committed to finding the right home for you.

Search 3
How Do Schools Rank in Alaska?

Alaska’s public schools present a varied performance landscape—with some schools performing well and others facing significant challenges.

  • Top efforts and systems: Alaska tracks school and district performance through its statewide report card system, which measures achievement, growth, and readiness indicators.

  • Notable schools such as Alaska Middle College School often stand out in state accountability data for strong academic performance and high proficiency outcomes.

  • Statewide performance overall remains mixed, with Alaska ranking below many states in national assessments, including lower proficiency levels in reading and math.

For complete district and school data—including test scores, accountability ratings, and performance trends—visit the Alaska Report Card to the Public.

Reviews from Alaska Home Buyers

★ ★ ★ ★ ★

"Brenda helped my wife and I efficiently navigate through the lending process. She was quick to respond to questions, clear with instructions, and always helpful. Brenda was excellent to work with, and we’d be happy to recommend her services to anyone."

Sean M.
Anchorage, AK
★ ★ ★ ★ ★

"Brenda treated us like family! She was so knowledgeable and friendly, and made the whole process super easy."

Amanda S.
Wasilla, AK
★ ★ ★ ★ ★

"As a first-time home buyer, I knew we needed to learn a lot and Evan took as much time as needed to make sure we understood what we were doing. I still can't believe the amount of time, effort, and care he gave us through this process. The next house I buy I'm calling him first, and if Evan is ever moving through my area in Alaska, they'll have a place to stay! I can't thank him and his whole team enough!"

Mike O.
North Pole, AK

4.9 / 5

gold star gold star gold star gold star gold star

Top Rated Loan Advisors Across the U.S.

Served over 100,000+ happy homeowners!

ramseytrusted-sig-logo_3491f689-ff96-41e5-aebe-117eca068dd6

Read More Reviews on Google!

Alaska Branch Locations

Anchorage, AK

907-531-5967

Visit the Branch Website

Anchorage, AK

Churchill Loan Officers in Alaska

Conforming and high balance allowed. Cooperative housing not eligible. Not all applicants will qualify. Not a commitment to lend. Other restriction or limitations to any program may apply.

This calculator is being provided for educational purposes only. The provided values for interest rates are examples only and do not reflect Churchill Mortgage Product terms & offers. The results are estimates that are based on information you provided and may not reflect Churchill Mortgage Product terms. The information cannot be used by Churchill Mortgage to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and are not controlled by or under the control of Churchill Mortgage. Churchill Mortgage is not responsible for the content, results, or the accuracy of information.

These calculations are hypothetical examples designed to for illustration purposes only. Consult a Home Loan Specialist for more specific information regarding payments, terms, etc.

As a responsible lender, Churchill Mortgage is committed to the principles outlined in federal and state lending laws ensuring all potential borrowers have access to the same information, services, and opportunities throughout the home loan process.