Navy Federal Credit Union · Alaska · 2025

Navy Federal Credit Union in Alaska: approval rate, denial rate and rates (2025)

Navy Federal Credit Union took 370 mortgage applications in Alaska in 2025, ranking #11 of 252 lenders active in the state. It originated 45.4% of them and denied 19.2% (29.5% of the applications it decided), against a statewide denial rate of 14.0%.

370Applicationsin AK
29.5%Decision denial ratestate 18.0%
6.25%Median ratestate 6.44%
$255,000Median loanstate $305,000
$48MVolume14 counties

Navy Federal Credit Union in Alaska vs the state

19.2%Denial rate+5.18 pts vs state
29.5%Decision denial rate+11.48 pts vs state
45.4%Origination rate-15.27 pts vs state
6.25%Median rate-0.19 pts vs state
-0.29Rate spread (pts)-0.42 pts vs state
$133kMedian applicant income
168Loans originated
71Denied

Trend in Alaska

YearApplicationsOriginatedDenial rateMedian rateRank in state
202333516424.2%6.13%#13
202436416923.1%6.25%#11
202537016819.2%6.25%#11

What Navy Federal Credit Union lends in Alaska

By loan purpose

Home purchase 171 46% · 9.9% denied
Refinance 24 6% · 16.7% denied
Cash-out refinance 26 7% · 19.2% denied
Home improvement 70 19% · 31.4% denied
Other / HELOC 79 21% · 29.1% denied

By loan type

Conventional 205 55% · 26.3% denied
VA 165 45% · 10.3% denied

Why it denied Alaska applicants

Debt-to-income ratio 22 31%
Other 17 24%
Collateral 9 13%
Credit history 9 13%
Unverifiable information 8 11%
Insufficient cash 3 4%
Incomplete application 3 4%

Where in Alaska

Counties with the most Navy Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Anchorage Municipality 1416823 16.3%
Matanuska-Susitna Borough 793620 25.3%
Fairbanks North Star Borough 552113 23.6%
Kenai Peninsula Borough 24115 20.8%
Juneau City and Borough 19103 15.8%
Kodiak Island Borough 1454 28.6%
Ketchikan Gateway Borough 1460 0.0%
Southeast Fairbanks Census Area 1252 16.7%
Sitka City and Borough 520 0.0%
Petersburg Borough 310 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: 370 applications in 2025, of which 168 were originated and 71 denied.

19.2% of all applications, or 29.5% of the applications it actually decided on. The Alaska statewide average across all lenders was 14.0%.

The median rate on loans Navy Federal Credit Union originated in Alaska in 2025 was 6.25%, against a statewide median of 6.44%.

About this data. Figures are Navy Federal Credit Union'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