Alaska mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Alaska's 30 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 6,758 home-purchase mortgages for owner-occupied, single-family homes in Alaska. The median buyer borrowed $375,000 on a home valued at $415,000 and reported a household income of $122,000.
Buyers financed a median 95% of the home's value (roughly 5% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $5,740.
Lenders denied 5.7% of completed home-purchase applications.
Key facts
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($5,740) were 3% higher than the U.S. median ($5,570).
- VA loans were unusually common: 29.5% of purchase mortgages.
- 26.2% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (35.9% of purchase loans).
- 55.7% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (32.7% of denials with a stated reason).
The 2026 conforming limit is $1,249,125 for a one-unit home in every Alaska county. See every Alaska county's 2026 FHA and conforming loan limits.
Alaska counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Aleutians East Borough | 2 | — | — | — | — | — | — | $541,287 |
| Aleutians West Census Area | 9 | — | — | — | — | — | — | $585,350 |
| Anchorage Municipality | 2,828 | $385,000 | $123,000 | 5.0% | 6.375% | $5,460 | 5.9% | $541,287 |
| Bethel Census Area | 25 | — | — | — | — | — | — | $541,287 |
| Bristol Bay Borough | 8 | — | — | — | — | — | — | $541,287 |
| Chugach Census Area | 48 | $345,000 | $133,000 | 5.0% | — | — | 7.5% | $541,287 |
| Copper River Census Area | 11 | — | — | — | — | — | — | $541,287 |
| Denali Borough | 10 | — | — | — | — | — | — | $541,287 |
| Dillingham Census Area | 12 | — | — | — | — | — | — | $541,287 |
| Fairbanks North Star Borough | 1,021 | $335,000 | $119,000 | 3.5% | 6.500% | $4,720 | 4.4% | $541,287 |
| Haines Borough | 9 | — | — | — | — | — | — | $541,287 |
| Hoonah-Angoon Census Area | 2 | — | — | — | — | — | — | $541,287 |
| Juneau City and Borough | 288 | $425,000 | $138,000 | 10.0% | 6.490% | $9,280 | 6.0% | $596,850 |
| Kenai Peninsula Borough | 523 | $345,000 | $111,000 | 5.0% | 6.500% | $5,880 | 5.0% | $541,287 |
| Ketchikan Gateway Borough | 75 | $395,000 | $124,000 | 5.0% | 6.500% | $6,610 | 19.1% | $541,287 |
| Kodiak Island Borough | 80 | $395,000 | $134,000 | 5.5% | 6.250% | — | 4.7% | $541,650 |
| Kusilvak Census Area | 0 | — | — | — | — | — | — | $541,287 |
| Lake and Peninsula Borough | 1 | — | — | — | — | — | — | $541,287 |
| Matanuska-Susitna Borough | 1,612 | $395,000 | $120,000 | 5.0% | 6.500% | $5,810 | 5.2% | $541,287 |
| Nome Census Area | 29 | — | — | — | — | — | 6.5% | $541,287 |
| North Slope Borough | 10 | — | — | — | — | — | — | $541,287 |
| Northwest Arctic Borough | 4 | — | — | — | — | — | — | $541,287 |
| Petersburg Borough | 10 | — | — | — | — | — | — | $541,287 |
| Prince of Wales-Hyder Census Area | 7 | — | — | — | — | — | — | $541,287 |
| Sitka City and Borough | 32 | $475,000 | $134,000 | — | — | — | 10.8% | $586,500 |
| Skagway Municipality | 8 | — | — | — | — | — | — | $541,287 |
| Southeast Fairbanks Census Area | 84 | $315,000 | $107,000 | 3.5% | — | — | 6.6% | $541,287 |
| Wrangell City and Borough | 3 | — | — | — | — | — | — | $541,287 |
| Yakutat City and Borough | 4 | — | — | — | — | — | — | $541,287 |
| Yukon-Koyukuk Census Area | 3 | — | — | — | — | — | — | $541,287 |
Who bought homes in Alaska
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Alaska
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Alaska | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.250% | 6.250% |
| 30-year fixed rate · VA | 6.125% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.06 pts | +0.13 pts |
| Total loan costs · conventional | $5,740 | $5,570 |
| Total loan costs · FHA | $11,680 | $11,310 |
| Total loan costs · VA | $8,760 | $6,490 |
| Origination charges (all loan types) | $2,480 | $1,860 |
| Borrowers paying discount points | 62.6% | 51.3% |
| Points paid, when paid (% of loan) | 0.75% | 0.87% |
| Borrowers receiving lender credits | 27.4% | 33.1% |
| Adjustable-rate mortgages | 3.9% | 7.4% |
| Jumbo loans (above conforming limit) | 0.2% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Alaska: 420 of 7,325 completed home-purchase applications were denied (5.7%).
Denial rate
| Application | Alaska | U.S. |
|---|---|---|
| Home purchase | 5.7% | 8.5% |
| Conventional | 5.5% | 7.1% |
| FHA | 7.5% | 12.5% |
| VA | 4.7% | 8.0% |
| USDA | 18.3% | 12.5% |
| Refinance | 17.6% | 17.9% |
| Cash-out refinance | 37.1% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Alaska
Top mortgage lenders in Alaska
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | Residential Mortgage, LLC | 1,315 | 15.2% | 3.6% | 6.250% | −0.06 | $4,370 |
| 2 | Global Federal Credit Union | 1,034 | 11.9% | 5.0% | 6.375% | −0.01 | $4,470 |
| 3 | Newrez LLC | 913 | 10.5% | 0.5% | 6.625% | +0.30 | $5,040 |
| 4 | Rocket Mortgage, LLC | 446 | 5.1% | 11.4% | 6.500% | +0.23 | $7,260 |
| 5 | Veterans United Home Loans | 440 | 5.1% | 5.3% | — | — | — |
| 6 | United Wholesale Mortgage (UWM) | 356 | 4.1% | 9.6% | 6.500% | +0.10 | $5,660 |
| 7 | The Loan Store, Inc. | 259 | 3.0% | 2.9% | 6.490% | +0.15 | $4,960 |
| 8 | Cornerstone Capital Bank, SSB | 222 | 2.6% | 0.5% | 6.375% | +0.01 | $9,350 |
| 9 | Primelending, a Plainscapital Company | 206 | 2.4% | 3.6% | 6.500% | +0.16 | $8,800 |
| 10 | Movement Mortgage, LLC | 191 | 2.2% | 2.6% | 6.500% | +0.05 | $9,220 |
| 11 | Guild Mortgage Company | 167 | 1.9% | 4.1% | 6.250% | +0.06 | $7,550 |
| 12 | Freedom Mortgage Corporation | 163 | 1.9% | 2.6% | — | — | — |
| 13 | First National Bank Alaska | 126 | 1.5% | 14.3% | 6.375% | +0.00 | $6,870 |
| 14 | loanDepot.com, LLC | 120 | 1.4% | 9.3% | 6.625% | +0.25 | $7,690 |
| 15 | Mt. McKinley Bank | 108 | 1.3% | 2.9% | — | — | — |
| 16 | Credit Union 1 Credit Union | 108 | 1.3% | 5.9% | 6.000% | −0.17 | $6,420 |
| 17 | Navy Federal Credit Union | 106 | 1.2% | 14.4% | 6.750% | +0.21 | $3,920 |
| 18 | Pennymac Loan Services, LLC | 106 | 1.2% | 20.0% | — | — | — |
| 19 | Rate | 103 | 1.2% | 5.8% | 6.475% | +0.08 | $5,570 |
| 20 | Canopy Mortgage, LLC | 89 | 1.0% | 0.0% | 6.500% | +0.09 | $8,000 |
| 21 | Wells Fargo Bank, N.A. | 88 | 1.0% | 28.2% | 6.500% | +0.09 | $4,900 |
| 22 | USAA Federal Savings Bank | 86 | 1.0% | 31.3% | — | — | — |
| 23 | Primary Residential Mortgage, Inc. | 85 | 1.0% | 5.9% | 6.375% | +0.06 | $8,640 |
| 24 | Denali State Bank | 83 | 1.0% | 1.4% | — | — | — |
| 25 | Paramount Residential Mortgage Group, Inc. | 74 | 0.9% | 1.4% | 6.625% | +0.16 | $9,540 |
Largest lenders in Alaska by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Alaska
- Anchorage, AK · 4,440 purchases
- Fairbanks-College, AK · 1,021 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology