Juneau City and Borough, AK

This page contains the Conforming, FHA, VA, and HECM Loan Limits for each housing type in Juneau City and Borough.

Return to the state page to see county affordability charts for Alaska. Click a county on the map to visit a different county.

Loan Limit Tables Juneau City and Borough, AK

Loan Limits are the maximum amount of money allowed to be lent for a particular kind of loan. Different types of loans have different limits. Below are the 2012 loan limits for Juneau City and Borough, AK.

Conforming Loan Limits

Conforming loans must meet the guidelines set by Fannie Mae and Freddie Mac. If a mortgage exceeds the conforming loan limits then it is considered a jumbo loan.

FHA Loan Limits

FHA Loans are home mortgages insured by the Federal Housing Administration. FHA Loans let you get a home loan with a lower down-payment and relaxed credit score requirements.

Loan Limit Breakdown

Median Home Price

The Federal Housing Finance Agency (FHFA) conducts an annual survey to determine the median home prices in each county or metro area in the US. Median home price is then used to determine the loan limits in Juneau City and Borough.

The last survey of home prices in Juneau City and Borough was conducted in 2008 and found the median home price was $304,000.

Loan Limits Summary

The Housing and Economic Recovery Act (HERA) of 2008 contains a special statutory provision setting a baseline maximum loan limit that is 50 percent higher in Alaska, Hawaii, Guam, and the U.S. Virgin Islands than in the contiguous US.

Accordingly, the loan limits in Juneau City and Borough are set equal to the national loan limit ceiling for high-cost area.

The 2012 conforming loan limit for a single-family home in Juneau City and Borough, AK is $625,500. The FHA loan limit for a single-family home is $398,750.

This is an 0% change over the 2011 loan limits which were set at $625,500 for a single-family conventional.

The tables above provide a complete breakdown of 2012 loan limits in Juneau City and Borough, AK for FHA Loans, Conforming Loans, VA Loans, and HECM Reverse Mortgages.

What's Next?

If you are interested in purchasing a home with a conventional or FHA loan, the next step is to talk to a real estate agent and find a lender.

Not all lenders are the same. Some will not do FHA loans while others specialize in it. Rates may vary between lenders so it is important to shop around.

Related Areas

Loan Limits on this page apply to the following cities in Juneau City and Borough, Alaska: Juneau, Douglas, and Auke Bay.

These loan limits also apply to the following ZIP codes in Juneau City and Borough, Alaska: 99801, 99803, 99802, 99824, 99821, and 99850.

Juneau City and Borough, AK is considered part of the following metro area: JUNEAU, AK (MICRO).

More on Juneau City and Borough, AK

• Fair Market Rents 40th percentile FMRs and SAFMRs by ZIP code
• Property Taxes to find local Property Taxes
• Income Limits to learn more about income assistance in your area
• Housing Authorites to find your local Housing Authorities

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