Discover Bank · Alaska · 2025

Discover Bank in Alaska: approval rate, denial rate and rates (2025)

Discover Bank took 107 mortgage applications in Alaska in 2025, ranking #41 of 252 lenders active in the state. It originated 13.1% of them and denied 57.0% (81.3% of the applications it decided), against a statewide denial rate of 14.0%.

107Applicationsin AK
81.3%Decision denial ratestate 18.0%
9.00%Median ratestate 6.44%
$75,000Median loanstate $305,000
$1.1MVolume11 counties

Discover Bank in Alaska vs the state

57.0%Denial rate+43.00 pts vs state
81.3%Decision denial rate+63.35 pts vs state
13.1%Origination rate-47.60 pts vs state
9.00%Median rate+2.55 pts vs state
2.23Rate spread (pts)+2.09 pts vs state
$115kMedian applicant income
14Loans originated
61Denied

Trend in Alaska

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233425348.8%9.24%#11
20243924454.1%8.91%#9
20251071457.0%9.00%#41

What Discover Bank lends in Alaska

By loan purpose

Home purchase 6 6% · 33.3% denied
Refinance 24 22% · 45.8% denied
Home improvement 22 21% · 36.4% denied
Other / HELOC 55 51% · 72.7% denied

By loan type

Conventional 107 100% · 57.0% denied

Why it denied Alaska applicants

Credit history 28 46%
Debt-to-income ratio 13 21%
Collateral 10 16%
Incomplete application 6 10%
Other 3 5%
Employment history 1 2%

Where in Alaska

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Anchorage Municipality 42525 59.5%
Matanuska-Susitna Borough 25811 44.0%
Fairbanks North Star Borough 1218 66.7%
Kenai Peninsula Borough 1107 63.6%
Juneau City and Borough 802 25.0%
Nome Census Area 202 100.0%
Ketchikan Gateway Borough 202 100.0%
North Slope Borough 202 100.0%
Chugach Census Area 100 0.0%
Hoonah-Angoon Census Area 101 100.0%

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: 107 applications in 2025, of which 14 were originated and 61 denied.

57.0% of all applications, or 81.3% of the applications it actually decided on. The Alaska statewide average across all lenders was 14.0%.

The median rate on loans Discover Bank originated in Alaska in 2025 was 9.00%, against a statewide median of 6.44%.

About this data. Figures are Discover Bank'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