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Kenai Peninsula Borough, Alaska · 2025

Mortgage lenders in Kenai Peninsula Borough, AK: denial rates and top lenders (2025)

116 lenders acted on 1,860 mortgage applications for properties in Kenai Peninsula Borough in 2025. 15.5% were denied (Alaska: 14.0%). Median rate on closed loans 6.50%; median loan $255,000; median property value $395,000.

1.9kApplications
15.5%Denial ratestate 14.0%
6.50%Median ratestate 6.44%
$255,000Median loan
$395,000Median property value

Largest lenders in Kenai Peninsula Borough

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Global Federal Credit Union C 431282 16.7%6.88%
2 Residential Mortgage B 147102 4.8%6.50%
3 Rocket Mortgage C 11176 23.4%6.75%
4 Cornerstone Capital Bank A 9377 0.0%6.25%
5 First National Bank Alaska C 7939 10.1%6.88%
6 Loandepot.Com D 7855 18.0%6.38%
7 Primelending, a Plainscapital A 6752 4.5%6.49%
8 Mortgage Research Center C 6129 9.8%6.25%
9 CREDIT UNION 1 Credit Union D 4829 8.3%7.75%
10 The Loan Store B 4737 0.0%6.63%
11 Newrez D 4231 4.8%6.50%
12 AmeriSave Mortgage D 4113 63.4%7.38%
13 NuVision Federal Credit Union C 4025 35.0%4.99%
14 Coastal Community Bank C 354 2.9%9.87%
15 Guaranteed Rate B 3123 0.0%6.63%
16 Wells Fargo Bank B 2914 10.3%6.56%
17 Freedom Mortgage B 2610 11.5%6.19%
18 Navy Federal Credit Union D 2411 20.8%6.13%
19 KeyBank C 229 31.8%8.70%
20 United Shore Financial Services B 2215 27.3%6.12%
21 Bank of America F 203 55.0%5.99%
22 USAA Federal Savings Bank C 1913 21.1%6.50%
23 Guild Mortgage A 1812 16.7%7.13%
24 Figure Lending C 186 55.6%10.26%
25 New Day Financial F 131 7.7%6.25%

Best approval odds in Kenai Peninsula Borough

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Cornerstone Capital Bank770.0%
2Primelending, a Plainscapital585.2%
3Residential Mortgage1096.4%
4Loandepot.Com7020.0%
5Global Federal Credit Union35720.2%
6Rocket Mortgage10524.8%

What Kenai Peninsula Borough borrowers applied for

By loan purpose

Home purchase 857 46% · 4.9% denied
Refinance 190 10% · 17.9% denied
Cash-out refinance 379 20% · 24.0% denied
Home improvement 200 11% · 26.5% denied
Other / HELOC 234 13% · 29.5% denied

By loan type

Conventional 1,381 74% · 16.5% denied
FHA 213 11% · 16.9% denied
VA 254 14% · 9.8% denied
USDA / RHS 12 1% · 0.0% denied

Why applications were denied

Credit history 79 27%
Debt-to-income ratio 66 23%
Collateral 60 21%
Incomplete application 45 16%
Other 19 7%
Unverifiable information 12 4%
Insufficient cash 4 1%
Employment history 3 1%

Kenai Peninsula Borough by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,45283317.0%6.75%$245,000
20241,67299216.1%6.63%$255,000
20251,8601,10115.5%6.50%$255,000

Frequently asked questions

15.5% of applications in Kenai Peninsula Borough were denied in 2025, against 14.0% statewide in Alaska.

Global Federal Credit Union, with 431 applications in 2025 and a denial rate of 16.7%.

The median mortgage application in Kenai Peninsula Borough in 2025 was for $255,000; the median property value on originated loans was $395,000.