FAIRBANKS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fairbanks averaged
6.94%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.67% and
one month ago for the week of 2025-05-15, the
average rate was 7.04%.
Fairbanks's average rate one year ago was 6.78%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Fairbanks 30 Year Fixed Rate | 2025-06-18 | 6.94% |
| Fairbanks 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Fairbanks 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Fairbanks 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Fairbanks 30 Year FHA | 2025-06-18 | -0.17% |
| Fairbanks 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Fairbanks 30 Year USDA | 2025-06-18 | 0.1% |
| Fairbanks 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Fairbanks 30 Year VA | 2025-06-18 | 0.06% |
| Fairbanks 30 Year VA Refi | 2025-06-18 | -0.55% |
FAIRBANKS Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the FAIRBANKS, AK market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
FAIRBANKS Average Closing Costs & Other Stats
FAIRBANKS, AK's 42 lenders originated 1,477
loans during 2024. The total origination value was $414,675,000, with an average loan value of
$280,755.
FAIRBANKS's average closing costs are $6,535.
The top FAIRBANKS lender as defined by loan originations is NEWREZ LLC, with
69 loans originated. Their average total fees are
$5,481, which is $689
higher than the next largest lender,
Alaska USA Federal Credit Union.
The lowest fee FAIRBANKS lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($4,146), RESIDENTIAL MORTGAGE, LLC ($4,275), The Loan Store, Inc. ($4,566), Alaska USA Federal Credit Union ($4,791) and NEWREZ LLC ($5,481).
The lowest rate FAIRBANKS lenders (with over 10 loans originated) are
The Loan Store, Inc. (6.09%), GUILD MORTGAGE COMPANY (6.21%), RESIDENTIAL MORTGAGE, LLC (6.51%), CROSSCOUNTRY MORTGAGE, LLC (6.58%) and Alaska USA Federal Credit Union (6.62%).
FAIRBANKS, AK Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| NEWREZ LLC | $71,650,000 | $81,660,000 | 14.0% | 19.7% |
| Alaska USA Federal Credit Union | $27,870,000 | $41,840,000 | 50.1% | 10.1% |
| Mortgage Research Center, LLC | $33,185,000 | $34,185,000 | 3.0% | 8.2% |
| Mt. McKinley Bank | $35,830,000 | $27,285,000 | -23.8% | 6.6% |
| Denali State Bank | $31,620,000 | $27,120,000 | -14.2% | 6.5% |
| RESIDENTIAL MORTGAGE, LLC | $20,035,000 | $26,775,000 | 33.6% | 6.5% |
| QUICKEN LOANS, LLC | $12,215,000 | $16,290,000 | 33.4% | 3.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $13,630,000 | $14,000,000 | 2.7% | 3.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,665,000 | $12,655,000 | 374.9% | 3.1% |
| GUILD MORTGAGE COMPANY | $8,310,000 | $11,930,000 | 43.6% | 2.9% |
| CORNERSTONE HOME LENDING, INC. | $14,835,000 | $10,410,000 | -29.8% | 2.5% |
| The Loan Store, Inc. | $9,775,000 | n/a | 2.4% | |
| UNITED WHOLESALE MORTGAGE, LLC | $19,515,000 | $7,920,000 | -59.4% | 1.9% |
| First National Bank Alaska | $1,970,000 | $7,735,000 | 292.6% | 1.9% |
| USAA Federal Savings Bank | $6,630,000 | $7,370,000 | 11.2% | 1.8% |
| SPIRIT OF ALASKA | $3,835,000 | $6,105,000 | 59.2% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $9,915,000 | $5,420,000 | -45.3% | 1.3% |
| GUARANTEED RATE, INC. | $5,015,000 | $5,030,000 | 0.3% | 1.2% |
| LAKEVIEW LOAN SERVICING, LLC | $580,000 | $4,075,000 | 602.6% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $1,440,000 | $3,835,000 | 166.3% | 0.9% |
| NuVision Federal Credit Union | $2,365,000 | $3,785,000 | 60.0% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $1,860,000 | $3,035,000 | 63.2% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,615,000 | $2,435,000 | 50.8% | 0.6% |
| PLAZA HOME MORTGAGE, INC. | $2,370,000 | n/a | 0.6% | |
| Wells Fargo Bank | $2,890,000 | $2,240,000 | -22.5% | 0.5% |
| AmeriHome Mortgage Company, LLC | $2,140,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $2,180,000 | $1,940,000 | -11.0% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $630,000 | $1,740,000 | 176.2% | 0.4% |
| NBKC BANK | $1,500,000 | $1,685,000 | 12.3% | 0.4% |
| CREDIT UNION 1 | $5,545,000 | $1,615,000 | -70.9% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,110,000 | $1,520,000 | -28.0% | 0.4% |
| KeyBank | $2,255,000 | $1,425,000 | -36.8% | 0.3% |
| U.S. Bank | $55,000 | $1,275,000 | 2,218.2% | 0.3% |
| Goldman Sachs Bank USA | $1,210,000 | n/a | 0.3% | |
| Plains Commerce Bank | $1,505,000 | $1,195,000 | -20.6% | 0.3% |
| Community First National Bank | $940,000 | $1,135,000 | 20.7% | 0.3% |
| Armed Forces Bank | $375,000 | $1,120,000 | 198.7% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,005,000 | $1,110,000 | 10.4% | 0.3% |
| CANOPY MORTGAGE, LLC | $975,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $875,000 | $915,000 | 4.6% | 0.2% |
| CMG MORTGAGE, INC. | $750,000 | $885,000 | 18.0% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,270,000 | $870,000 | -31.5% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $180,000 | $835,000 | 363.9% | 0.2% |
| BMO Harris Bank | $455,000 | $820,000 | 80.2% | 0.2% |
| ALLIANT CREDIT UNION | $770,000 | n/a | 0.2% | |
| Bank of America | $180,000 | $725,000 | 302.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,950,000 | $640,000 | -67.2% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,250,000 | $620,000 | -50.4% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $630,000 | $610,000 | -3.2% | 0.1% |
| The Federal Savings Bank | $1,615,000 | $600,000 | -62.8% | 0.1% |
| Northpointe Bank | $355,000 | $490,000 | 38.0% | 0.1% |
| NP, Inc. | $465,000 | n/a | 0.1% | |
| First Federal Bank | $445,000 | n/a | 0.1% | |
| Discover Bank | $680,000 | $430,000 | -36.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $425,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $420,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $855,000 | $375,000 | -56.1% | 0.1% |
| RESIDENTIAL BANCORP | $350,000 | n/a | 0.1% | |
| Brighton Bank | $345,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $425,000 | $345,000 | -18.8% | 0.1% |
| Sunflower Bank | $405,000 | $325,000 | -19.8% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $125,000 | $325,000 | 160.0% | 0.1% |
| BOKF | $315,000 | n/a | 0.1% | |
| Coastal Community Bank | $345,000 | $315,000 | -8.7% | 0.1% |
| Figure Lending LLC | $380,000 | $310,000 | -18.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $975,000 | $305,000 | -68.7% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $285,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $295,000 | $285,000 | -3.4% | 0.1% |
| Royal Credit Union | $285,000 | n/a | 0.1% | |
| Citizens Bank | $275,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $1,045,000 | $265,000 | -74.6% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $255,000 | n/a | 0.1% | |
| Ally Bank | $245,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $245,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $235,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $355,000 | $235,000 | -33.8% | 0.1% |
| Bank of England | $425,000 | $225,000 | -47.1% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $165,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $145,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $135,000 | n/a | 0.0% | |
| TRUE NORTH FEDERAL CREDIT UNION | $130,000 | n/a | 0.0% |
FAIRBANKS's top lender by overall market share is NEWREZ LLC, with 19.7% market share. In second place, with 10.1%, is Alaska USA Federal Credit Union, having originated $41,840,000 in loans. In third place, with 8.2%, is Mortgage Research Center, LLC, having originated $34,185,000 in loans. In fourth place, with 6.6%, is Mt. McKinley Bank, having originated $27,285,000 in loans. In fifth place, with 6.5%, is Denali State Bank, having originated $27,120,000 in loans.
FAIRBANKS, AK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,041 | $324,835,000 | $312,041 |
| Refi | 161 | $51,355,000 | $318,975 |
| Cash Out Refi | 129 | $26,255,000 | $203,527 |
| Other | 79 | $7,075,000 | $89,557 |
| Home Improvement | 67 | $5,155,000 | $76,940 |
Fairbanks's most frequently cited loan purpose was Home Purchase, with 1,041 originations. The 2nd most popular reason was Refi, with 161 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 586 | $181,870,000 | $310,358 |
| 5-6% | 269 | $83,685,000 | $311,097 |
| 7-8% | 174 | $49,290,000 | $283,276 |
| Over 8% | 126 | $18,220,000 | $144,603 |
| 4-5% | 19 | $5,885,000 | $309,737 |
| 3-4% | 17 | $5,415,000 | $318,529 |
| <2.5% | 16 | $4,170,000 | $260,625 |
| 2.5-3% | 11 | $4,025,000 | $365,909 |
During 2024, Fairbanks's most frequently originated rate bucket was 6-7%, with 586 originations.
Loan Sizing (FAIRBANKS, AK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 858 | $259,550,000 | $302,506 |
| $100k-200k | 225 | $33,935,000 | $150,822 |
| $400k-600k | 199 | $90,745,000 | $456,005 |
| $100,000 or less | 175 | $9,775,000 | $55,857 |
| $600k-1000k | 16 | $11,190,000 | $699,375 |
| $Over $1MM | 4 | $9,480,000 | $2,370,000 |
FAIRBANKS's loan sizing saw the bucket of loans from $200k-400k with 858 originations, totaling $259,550,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 677 | $215,805,000 | $318,767 |
| 60-80% | 151 | $46,715,000 | $309,371 |
| Over 100% | 148 | $53,810,000 | $363,581 |
| Under 20% | 81 | $3,595,000 | $44,383 |
| 20-40% | 63 | $6,405,000 | $101,667 |
| 40-60% | 47 | $9,395,000 | $199,894 |
FAIRBANKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 677 originations, totaling $215,805,000 in origination value.