AllMortgageDetail - Mortgage Application Details

Alaska
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 26,302
Total Mortgage Loan Application Amount $6,193,752,000
Average Mortgage Loan Application Amount $235,000
Highest Mortgage Loan Application Amount $22,500,000
Average Applicant Income $88,000
Highest Applicant Income $3,596,000

Mortgage Loan Application Detail Totals for Alaska in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 15,053 $3,991,618,000 $265,000 $18,000,000 $91,000 $3,596,000
Refinancing 9,239 $2,041,419,000 $220,000 $9,295,000 $84,000 $2,644,000
Home Improvement 2,010 $160,715,000 $79,000 $22,500,000 $93,000 $2,184,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 17,003 $3,935,206,000 $231,000 $2,840,000 $99,000 $2,644,000
Not Provided 2,703 $633,843,000 $234,000 $1,760,000 $100,000 $2,184,000
Not applicable 2,445 $702,382,000 $287,000 $22,500,000 $2,000 $535,000
American Indian or Alaskan Native 1,625 $332,906,000 $204,000 $650,000 $82,000 $1,248,000
Hispanic 856 $196,234,000 $229,000 $1,456,000 $86,000 $503,000
Asian 845 $193,582,000 $229,000 $948,000 $99,000 $3,596,000
Black or African American 601 $148,802,000 $247,000 $880,000 $84,000 $508,000
Native Hawaiin or Other Pacific Islander 224 $50,797,000 $226,000 $680,000 $86,000 $521,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 15,388 $3,439,991,000 $223,000 $22,500,000 $102,000 $3,596,000
VA-guaranteed (Veterans Administration) 5,876 $1,693,071,000 $288,000 $1,245,000 $74,000 $725,000
FHA-insured (Federal Housing Administration) 4,417 $936,230,000 $211,000 $623,000 $67,000 $1,920,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 621 $124,460,000 $200,000 $515,000 $48,000 $144,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 14,190 $3,400,727,000 $239,000 $18,000,000 $99,000 $3,596,000
Loan Purchased By The Institution 4,720 $1,237,115,000 $262,000 $936,000 $52,000 $3,596,000
Application Denied By Financial Institution 3,596 $678,993,000 $188,000 $2,840,000 $88,000 $1,920,000
Application Withdrawn By Applicant 2,099 $504,219,000 $240,000 $22,500,000 $91,000 $2,160,000
Application Approved But Not Accepted 1,093 $252,468,000 $230,000 $1,530,000 $100,000 $990,000
File Closed For Incompleteness 604 $120,230,000 $199,000 $840,000 $92,000 $2,184,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 709 $96,404,000 $135,000 $900,000 $83,000 $1,149,000
Other 666 $128,402,000 $192,000 $2,840,000 $105,000 $1,496,000
Debt-To-Income Ratio 663 $112,535,000 $169,000 $1,400,000 $69,000 $1,248,000
Collateral 440 $88,199,000 $200,000 $1,320,000 $112,000 $1,920,000
Credit Application Incomplete 275 $60,241,000 $219,000 $1,320,000 $92,000 $1,189,000
Unverifiable Information 70 $16,036,000 $229,000 $491,000 $104,000 $405,000
Employment History 56 $9,274,000 $165,000 $409,000 $59,000 $173,000
Insufficient Cash (Downpayment, Closing Cost) 53 $12,269,000 $231,000 $626,000 $114,000 $450,000
Mortgage Insurance Denied 1 $271,000 $271,000 $271,000 $62,000 $62,000

Mortgage Loan Application Totals in 2014 by Alaska Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ANCHORAGE, AK 17,648 $ 4,430,090,000 $ 251,000 $ 91,000
FAIRBANKS, AK 3,109 $ 594,655,000 $ 191,000 $ 79,000

Mortgage Loan Application Totals in 2014 by Alaska County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Aleutians East 9 $ 711,000 $ 79,000 $ 60,000
Aleutians West 31 $ 8,169,000 $ 263,000 $ 102,000
Anchorage 12,716 $ 3,394,842,000 $ 266,000 $ 95,000
Bethel 129 $ 28,120,000 $ 217,000 $ 90,000
Bristol Bay 24 $ 3,597,000 $ 149,000 $ 116,000
Denali 37 $ 6,471,000 $ 174,000 $ 90,000
Dillingham 71 $ 11,725,000 $ 165,000 $ 96,000
Fairbanks North Star 3,109 $ 594,655,000 $ 191,000 $ 79,000
Haines 62 $ 10,405,000 $ 167,000 $ 84,000
Juneau 1,169 $ 315,766,000 $ 270,000 $ 91,000
Kenai Peninsula 2,241 $ 427,748,000 $ 190,000 $ 82,000
Ketchikan Gateway 284 $ 51,022,000 $ 179,000 $ 80,000
Kodiak Island 381 $ 84,641,000 $ 222,000 $ 78,000
Lake and Peninsula 10 $ 1,391,000 $ 139,000 $ 93,000
Matanuska-Susitna 4,933 $ 1,035,520,000 $ 209,000 $ 81,000
Nome 162 $ 28,575,000 $ 176,000 $ 80,000
North Slope 59 $ 8,392,000 $ 142,000 $ 98,000
Northwest Arctic 42 $ 6,513,000 $ 155,000 $ 87,000
Prince of Wales-Outer Ketchikan n/a $ n/a $ n/a $ n/a
Sitka 179 $ 50,689,000 $ 283,000 $ 93,000
Skagway-Hoonah-Angoon n/a $ n/a $ n/a $ n/a
Southeast Fairbanks 140 $ 25,598,000 $ 182,000 $ 66,000
Valdez-Cordova 204 $ 39,672,000 $ 194,000 $ 78,000
Wade Hampton 5 $ 598,000 $ 119,000 $ 73,000
Wrangell-Petersburg n/a $ n/a $ n/a $ n/a
Yakutat 15 $ 3,216,000 $ 214,000 $ 125,000
Yukon-Koyukuk 27 $ 2,458,000 $ 91,000 $ 51,000