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Kenai Peninsula Borough, Alaska
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Kenai Peninsula Borough, Alaska, saw 1,672 HMDA-reported applications and 992 originations ($291m) in 2024.
That is 40.7 originations per 1,000 households, against 39.2 for Alaska and 48.0 nationally.
The county's denial rate was 20.8%, close to the state rate of 19.9%. The median rate spread on originated loans was 0.3 percentage points and 10.1% of originations were 1.5 points or more above the average prime offer rate.
18 lenders reached 25 applications in the county; the most active by originations were Global Federal Credit Union (271), Residential Mortgage, LLC (113) and Cornerstone Capital Bank, Ssb (58).
Originations were up 19% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Global Federal Credit Union | 412 | 271 | $65m | 18.8% | — |
| 2 | Residential Mortgage, LLC | 158 | 113 | $43m | 5.0% | — |
| 3 | Cornerstone Capital Bank, Ssb | 77 | 58 | $20m | 6.5% | — |
| 4 | Rocket Mortgage | 85 | 54 | $13m | 27.3% | — |
| 5 | First National Bank Alaska | 99 | 48 | $18m | 15.8% | — |
| 6 | Loandepot.com, LLC | 63 | 44 | $13m | 16.7% | — |
| 7 | Primelending | 59 | 41 | $13m | 6.3% | — |
| 8 | Newrez LLC | 55 | 40 | $14m | 7.0% | — |
| 9 | The Loan Store, Inc | 40 | 32 | $11m | 2.7% | — |
| 10 | Credit Union 1 | 36 | 24 | $4.4m | 14.3% | — |
| 11 | Nuvision Federal Credit Union | 44 | 23 | $2.6m | 41.0% | — |
| 12 | Guaranteed Rate, Inc. | 34 | 22 | $7.5m | — | — |
| 13 | Mortgage Research Center | 34 | 19 | $7.3m | 29.6% | — |
| 14 | Navy Federal Credit Union | 31 | 16 | $4.2m | — | — |
| 15 | Amerisave Mortgage Company | 34 | 9 | $1.4m | 66.7% | — |
| 16 | New American Funding, LLC. | 31 | 7 | $1.6m | — | — |
| 17 | Bank of America NA | 27 | 6 | $760k | — | — |
| 18 | Discover Bank | 26 | 1 | $55k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 18. Denial rate is denials over decided applications in this county.
Compared with Alaska and the nation
| Measure | This county | Alaska | United States |
|---|---|---|---|
| Denial rate | 20.8% | 19.9% | 24.3% |
| Median rate spread, pp | 0.3 | 0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.1% | 11.2% | 15.6% |
| Average originated loan | $293k | $333k | $329k |
| Originations per 1,000 households | 40.7 | 39.2 | 48.0 |
| Home purchase share of originations | 62.0% | 67.4% | 57.0% |
| FHA-insured share | 12.0% | 12.3% | 13.4% |
| VA-guaranteed share | 12.0% | 24.5% | 7.9% |
Rate spread distribution
Share of 925 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Alaska). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 62% (615)Home improvement 8% (80)Refinancing 8% (76)Cash-out refinancing 12% (117)Other purpose 10% (104)
By type
Conventional 75% (742)FHA 12% (119)VA 12% (119)USDA 1% (12)
Trend by year
ApplicationsOriginations
This countyAlaska
Questions and answers
Which lenders are most active in Kenai Peninsula Borough, AK?
By 2024 originations: Global Federal Credit Union (271), Residential Mortgage, LLC (113), Cornerstone Capital Bank, Ssb (58), Rocket Mortgage (54), First National Bank Alaska (48). 18 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Kenai Peninsula Borough?
20.8% of decided applications were denied in 2024, against 19.9% across Alaska and 24.3% nationally.
How many mortgages were originated in Kenai Peninsula Borough in 2024?
992 loans totalling $291m, from 1,672 applications; 40.7 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 02122; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.