Better Mortgage · Alaska · 2025

Better Mortgage in Alaska: approval rate, denial rate and rates (2025)

Better Mortgage took 87 mortgage applications in Alaska in 2025, ranking #48 of 252 lenders active in the state. It originated 24.1% of them and denied 28.7% (53.2% of the applications it decided), against a statewide denial rate of 14.0%.

87Applicationsin AK
53.2%Decision denial ratestate 18.0%
7.75%Median ratestate 6.44%
$155,000Median loanstate $305,000
$5.8MVolume12 counties

Better Mortgage in Alaska vs the state

28.7%Denial rate+14.73 pts vs state
53.2%Decision denial rate+35.21 pts vs state
24.1%Origination rate-36.54 pts vs state
7.75%Median rate+1.31 pts vs state
0.87Rate spread (pts)+0.73 pts vs state
$144kMedian applicant income
21Loans originated
25Denied

Trend in Alaska

YearApplicationsOriginatedDenial rateMedian rateRank in state
202313415.4%5.94%#79
202423913.0%7.00%#75
2025872128.7%7.75%#48

What Better Mortgage lends in Alaska

By loan purpose

Home purchase 17 20% · 17.7% denied
Refinance 11 13% · 9.1% denied
Cash-out refinance 7 8% · 14.3% denied
Home improvement 9 10% · 66.7% denied
Other / HELOC 43 49% · 32.6% denied

By loan type

Conventional 81 93% · 28.4% denied
FHA 6 7% · 33.3% denied

Why it denied Alaska applicants

Credit history 6 24%
Collateral 5 20%
Debt-to-income ratio 5 20%
Unverifiable information 3 12%
Incomplete application 3 12%
Insufficient cash 1 4%
Other 1 4%
Employment history 1 4%

Where in Alaska

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Anchorage Municipality 39712 30.8%
Matanuska-Susitna Borough 1865 27.8%
Kenai Peninsula Borough 922 22.2%
Fairbanks North Star Borough 843 37.5%
Ketchikan Gateway Borough 311 33.3%
Juneau City and Borough 310 0.0%
Copper River Census Area 200 0.0%
Kodiak Island Borough 101 100.0%
Sitka City and Borough 100 0.0%
Wrangell City and Borough 100 0.0%

Other large lenders in Alaska

LenderGradeApplicationsDenial rateMedian rate
Global Federal Credit UnionC 2,60116.0%6.63%
Residential MortgageB 1,9074.4%6.25%
NewrezD 1,3444.3%6.38%
Rocket MortgageC 1,05117.8%6.75%
Mortgage Research CenterC 84414.5%6.25%
United Shore Financial ServicesB 55112.2%6.12%
The Loan StoreB 5198.5%6.50%
NuVision Federal Credit UnionC 50132.9%4.99%
CREDIT UNION 1 Credit UnionD 46211.7%7.75%
First National Bank AlaskaC 4029.0%6.63%

Frequently asked questions

Alaska: 87 applications in 2025, of which 21 were originated and 25 denied.

28.7% of all applications, or 53.2% of the applications it actually decided on. The Alaska statewide average across all lenders was 14.0%.

The median rate on loans Better Mortgage originated in Alaska in 2025 was 7.75%, against a statewide median of 6.44%.

About this data. Figures are Better Mortgage's own HMDA filing for properties located in Alaska, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology