KeyBank · Alaska · 2025

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

KeyBank took 112 mortgage applications in Alaska in 2025, ranking #40 of 252 lenders active in the state. It originated 46.4% of them and denied 32.1% (39.6% of the applications it decided), against a statewide denial rate of 14.0%.

112Applicationsin AK
39.6%Decision denial ratestate 18.0%
6.81%Median ratestate 6.44%
$255,000Median loanstate $305,000
$17MVolume10 counties

KeyBank in Alaska vs the state

32.1%Denial rate+18.13 pts vs state
39.6%Decision denial rate+21.58 pts vs state
46.4%Origination rate-14.25 pts vs state
6.81%Median rate+0.37 pts vs state
0.48Rate spread (pts)+0.34 pts vs state
$125kMedian applicant income
52Loans originated
36Denied

Trend in Alaska

YearApplicationsOriginatedDenial rateMedian rateRank in state
202334114731.1%8.00%#12
20241726041.9%7.56%#28
20251125232.1%6.81%#40

What KeyBank lends in Alaska

By loan purpose

Home purchase 38 34% · 13.2% denied
Refinance 11 10% · 27.3% denied
Cash-out refinance 15 13% · 20.0% denied
Home improvement 33 29% · 51.5% denied
Other / HELOC 15 13% · 53.3% denied

By loan type

Conventional 100 89% · 35.0% denied
FHA 6 5% · 16.7% denied
VA 6 5% · 0.0% denied

Why it denied Alaska applicants

Credit history 14 39%
Debt-to-income ratio 10 28%
Incomplete application 5 14%
Other 3 8%
Collateral 3 8%
Insufficient cash 1 3%

Where in Alaska

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Anchorage Municipality 522517 32.7%
Kenai Peninsula Borough 2297 31.8%
Matanuska-Susitna Borough 2096 30.0%
Aleutians West Census Area 660 0.0%
Ketchikan Gateway Borough 413 75.0%
Fairbanks North Star Borough 311 33.3%
Juneau City and Borough 201 50.0%
Kodiak Island Borough 100 0.0%
Copper River Census Area 110 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: 112 applications in 2025, of which 52 were originated and 36 denied.

32.1% of all applications, or 39.6% of the applications it actually decided on. The Alaska statewide average across all lenders was 14.0%.

The median rate on loans KeyBank originated in Alaska in 2025 was 6.81%, against a statewide median of 6.44%.

About this data. Figures are KeyBank'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