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2024 data HMDA 2024 disclosure official source

Fairbanks North Star Borough

2,631 mortgage applications, 13.5% denial rate. Verify FIPS 02090 with U.S. Census Bureau →

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Alaska · FIPS 02090

Local mortgage market. Fairbanks North Star Borough, Alaska saw 2,631 HMDA-reported mortgage applications in 2024. Lenders originated 1,477 of those loans and denied 355, producing a denial rate of 13.5% and an approval (origination) rate of 56.1%. The average loan amount was $264,111 at an average note rate of 6.66%, with applicants self-reporting average annual income of $38K. 86 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.0x, meaning typical borrowers took on mortgages of about 7.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 02090 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,631
Applications
1,477
Originated
13.5%
Denial Rate
56.1%
Approval Rate
$264,111
Avg Loan Amount
6.66%
Avg Interest Rate
$38K
Avg Applicant Income
7.0x
Loan-to-Income Ratio

Nearby Lenders in Fairbanks North Star Borough

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Newrez LLC 248 16.8%
2 Global Federal Credit Union 178 12.1%
3 Mt Mckinley Bank 123 8.3%
4 Mortgage Research Center 105 7.1%
5 Denali State Bank 96 6.5%
Compare Newrez LLC vs Global Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Fairbanks North Star Borough?
In the 2024 HMDA reporting year, 2,631 mortgage applications were filed in Fairbanks North Star Borough, Alaska. Of these, 1,477 were originated (approved and funded), while 355 were denied, resulting in a denial rate of 13.5%.
What is the mortgage denial rate in Fairbanks North Star Borough?
The mortgage denial rate in Fairbanks North Star Borough is 13.5%. The approval (origination) rate is 56.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fairbanks North Star Borough?
The average mortgage loan amount in Fairbanks North Star Borough is $264,111. The average interest rate is 6.659%. The average applicant income is $38K.
What is the loan-to-income ratio in Fairbanks North Star Borough?
The average loan-to-income ratio in Fairbanks North Star Borough is 7.0x, meaning borrowers took on loans averaging 7.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Fairbanks North Star Borough?
The top mortgage lenders in Fairbanks North Star Borough by origination volume are Newrez LLC, Global Federal Credit Union, Mt Mckinley Bank. In total, 86 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.