First National Bank Alaska

Compiled by PlainLender Editorial, Mortgage Lending Editorial Team · May 16, 2026

ANCHORAGE, AK

First National Bank Alaska processed 382 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 200 loans with a 7.6% denial rate. Home Purchase was the primary loan purpose. Based in ANCHORAGE, AK. The approval rate of 52.4% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First National Bank Alaska's 52.4% origination rate tells you how often an application turned into funded money; the 7.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (363 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

382

Applications

200

Originated

7.6%

Denial Rate

$382,408

Avg Loan Amount

Avg Interest Rate: 6.760% Avg Applicant Income: $37,000

Lending Activity

Type	Applications	Originated	Denied	Avg Loan
Conventional	363	190	29	$381,942
VA	12	7	0	$398,333
FHA	7	3	0	$379,286

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First National Bank Alaska (LEI: 25490089V5DJHFQMOA03) · 2024 Accessed 2026-07-23 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio

Credit history

Insufficient cash

Other

Employment history

Unverifiable information

Collateral

Loan Purpose Breakdown

Purpose	Applications	Originated	Avg Loan
Home Purchase	290	164	$405,103
Refinancing	35	19	$435,571
Home Improvement	27	9	$209,815
Cash-out Refinancing	27	7	$251,667
Other	3	1	$298,333

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race	Applications	Approval Rate	Denial Rate
White	227	50.2%	4.8%
American Indian or Alaska Native *	15	53.3%	20.0%
Joint *	15	40.0%	20.0%
Asian *	4	75.0%	0.0%
Black or African American *	2	50.0%	50.0%
2 or more minority races *	1	100.0%	0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity	Applications	Approval Rate	Denial Rate
Not Hispanic or Latino	218	50.9%	6.0%
Hispanic or Latino *	9	44.4%	11.1%
Joint *	2	0.0%	50.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in AK

Other HMDA-reporting lenders in AK with similar activity. Compare any two side-by-side.

Global Federal Credit Union

Anchorage, AK

4,306 apps 2,516 originated 19.9% denied

Residential Mortgage, LLC

Anchorage, AK

2,364 apps 1,765 originated 4.6% denied

Credit Union 1

Anchorage, AK

404 apps 213 originated 10.9% denied

Mt Mckinley Bank

FAIRBANKS, AK

175 apps 130 originated 5.7% denied

True North Federal Credit Union

JUNEAU, AK

150 apps 84 originated 30.0% denied

Compare First National Bank Alaska vs Global Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First National Bank Alaska process?

First National Bank Alaska processed 382 mortgage applications in the 2024 HMDA reporting year. Of these, 200 were originated (approved and funded), 124 were withdrawn by the applicant, and 29 were denied.

What is First National Bank Alaska's mortgage approval rate?

First National Bank Alaska has an approval (origination) rate of 52.4%, meaning 52.4% of all applications resulted in a funded mortgage. The denial rate is 7.6%.

What is the average loan amount at First National Bank Alaska?

The average mortgage loan amount at First National Bank Alaska is $382,408. The average interest rate is 6.760%. The average applicant income is $37,000.

What are the most common reasons for mortgage denial at First National Bank Alaska?

The most common reasons for mortgage denial at First National Bank Alaska are: Debt-to-income ratio, Credit history, Insufficient cash. In total, 29 applications were denied out of 382 total applications.

What types of mortgage loans does First National Bank Alaska offer?

First National Bank Alaska processes Conventional, VA, FHA loans. The most common type is Conventional with 363 applications and an average loan amount of $381,942.

What loan purposes does First National Bank Alaska serve?

First National Bank Alaska serves the following loan purposes: Home Purchase (290 applications), Refinancing (35 applications), Home Improvement (27 applications), Cash-out Refinancing (27 applications), Other (3 applications). Home Purchase is the most common purpose.

Where is First National Bank Alaska located?

First National Bank Alaska is headquartered in ANCHORAGE, AK. The lender is identified by LEI 25490089V5DJHFQMOA03 in HMDA data.

How does First National Bank Alaska compare in lending across racial demographics?

First National Bank Alaska reports demographic lending data under HMDA requirements. White applicants have an approval rate of 50.2% and denial rate of 4.8%; American Indian or Alaska Native applicants have an approval rate of 53.3% and denial rate of 20.0%; Joint applicants have an approval rate of 40.0% and denial rate of 20.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.