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2024 data HMDA 2024 disclosure official source

Kenai Peninsula Borough

1,833 mortgage applications, 14.6% denial rate. Verify FIPS 02122 with U.S. Census Bureau →

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Alaska · FIPS 02122

Local mortgage market. Kenai Peninsula Borough, Alaska saw 1,833 HMDA-reported mortgage applications in 2024. Lenders originated 991 of those loans and denied 267, producing a denial rate of 14.6% and an approval (origination) rate of 54.1%. The average loan amount was $279,315 at an average note rate of 7.01%, with applicants self-reporting average annual income of $37K. 95 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.5x, meaning typical borrowers took on mortgages of about 7.5 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 02122 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,833
Applications
991
Originated
14.6%
Denial Rate
54.1%
Approval Rate
$279,315
Avg Loan Amount
7.01%
Avg Interest Rate
$37K
Avg Applicant Income
7.5x
Loan-to-Income Ratio

Nearby Lenders in Kenai Peninsula 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 Global Federal Credit Union 271 27.3%
2 Residential Mortgage, LLC 113 11.4%
3 Cornerstone Capital Bank, SSB 57 5.8%
4 Rocket Mortgage 54 5.4%
5 First National Bank Alaska 48 4.8%
Compare Global Federal Credit Union vs Residential Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Kenai Peninsula Borough?
In the 2024 HMDA reporting year, 1,833 mortgage applications were filed in Kenai Peninsula Borough, Alaska. Of these, 991 were originated (approved and funded), while 267 were denied, resulting in a denial rate of 14.6%.
What is the mortgage denial rate in Kenai Peninsula Borough?
The mortgage denial rate in Kenai Peninsula Borough is 14.6%. The approval (origination) rate is 54.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Kenai Peninsula Borough?
The average mortgage loan amount in Kenai Peninsula Borough is $279,315. The average interest rate is 7.006%. The average applicant income is $37K.
What is the loan-to-income ratio in Kenai Peninsula Borough?
The average loan-to-income ratio in Kenai Peninsula Borough is 7.5x, meaning borrowers took on loans averaging 7.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Kenai Peninsula Borough?
The top mortgage lenders in Kenai Peninsula Borough by origination volume are Global Federal Credit Union, Residential Mortgage, LLC, Cornerstone Capital Bank, SSB. In total, 95 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.