Federal Housing Administration / HUD
FHA 203(k) Rehabilitation Mortgage is available to homeowners in Anchorage, AK.
The FHA 203(k) loan allows homebuyers and existing owners to finance purchase (or refinance) plus renovation costs in a single mortgage. Alaska qualifies for elevated FHA loan limits (150% of the national conforming limit, up to $1,089,300 in Anchorage), making this program particularly valuable for Alaska's higher construction and renovation costs. Standard 203(k) for major work; Limited 203(k) for projects under $35,000.
Alaska FHA limit up to $1,089,300. Minimum 580 credit score; 3.5% down. Renovation funds are escrowed and released as work is completed and inspected.
Verified against Federal Housing Administration / HUD's official page on 2026-06-17.
Data last verified 2026-04-03. How we verify our data.
This is a national program. In Anchorage, AK, you can stack it with local programs like these:
A grant-savvy contractor in Anchorage, AK can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Anchorage early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
An FHA mortgage that rolls the cost of repairs or renovation into the loan to buy or refinance a home. The rehab work must total at least 5,000 dollars. You apply through an FHA approved lender, not a government office.
Steps to apply
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Rolling
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to FHA loan limits for Anchorage ($1,089,300, Alaska high-cost limit).
FHA 203(k) Rehabilitation Mortgage is open to homeowners in Anchorage, AK.
Apply directly with Federal Housing Administration / HUD using the official program link on this page or call 800-225-5342. There is no middleman and no fee.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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