Alaska
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 36,105
Total Mortgage Loan Application Amount $9,193,808,000
Average Mortgage Loan Application Amount $254,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $89,000
Highest Applicant Income $3,854,000
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Mortgage Loan Application Detail Totals for Alaska in 2016

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 17,829 $5,074,531,000 $284,000 $99,999,000 $93,000 $2,628,000
Refinancing 15,723 $3,834,796,000 $243,000 $14,000,000 $83,000 $3,854,000
Home Improvement 2,553 $284,481,000 $111,000 $3,762,000 $91,000 $2,500,000

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 23,328 $5,924,695,000 $253,000 $99,999,000 $97,000 $3,854,000
Not Provided 3,964 $974,871,000 $245,000 $3,191,000 $98,000 $2,802,000
Not applicable 2,437 $759,326,000 $311,000 $14,000,000 $4,000 $292,000
American Indian or Alaskan Native 2,324 $525,720,000 $226,000 $1,800,000 $87,000 $2,698,000
Asian 1,417 $354,368,000 $250,000 $1,147,000 $85,000 $1,650,000
Hispanic 1,400 $341,755,000 $244,000 $734,000 $82,000 $1,130,000
Black or African American 860 $222,040,000 $258,000 $704,000 $80,000 $1,174,000
Native Hawaiin or Other Pacific Islander 375 $91,033,000 $242,000 $1,286,000 $74,000 $370,000

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) 20,460 $4,851,819,000 $237,000 $14,000,000 $105,000 $3,854,000
VA-guaranteed (Veterans Administration) 8,560 $2,519,197,000 $294,000 $1,227,000 $67,000 $1,130,000
FHA-insured (Federal Housing Administration) 6,180 $1,613,926,000 $261,000 $99,999,000 $69,000 $1,341,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 905 $208,866,000 $230,000 $528,000 $59,000 $148,000

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 17,503 $4,507,960,000 $257,000 $14,000,000 $97,000 $3,854,000
Loan Purchased By The Institution 8,346 $2,242,669,000 $268,000 $1,988,000 $72,000 $2,448,000
Application Denied By Financial Institution 4,812 $1,105,790,000 $229,000 $99,999,000 $86,000 $3,150,000
Application Withdrawn By Applicant 3,612 $900,456,000 $249,000 $1,800,000 $93,000 $2,500,000
Application Approved But Not Accepted 963 $228,846,000 $237,000 $1,200,000 $98,000 $984,000
File Closed For Incompleteness 869 $208,087,000 $239,000 $1,640,000 $68,000 $720,000
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
Debt-To-Income Ratio 735 $132,572,000 $180,000 $1,700,000 $61,000 $317,000
Credit History 597 $79,501,000 $133,000 $578,000 $81,000 $720,000
Collateral 413 $101,909,000 $246,000 $8,200,000 $99,000 $574,000
Credit Application Incomplete 277 $64,575,000 $233,000 $700,000 $93,000 $657,000
Other 188 $37,988,000 $202,000 $625,000 $97,000 $3,150,000
Insufficient Cash (Downpayment, Closing Cost) 77 $17,532,000 $227,000 $883,000 $99,000 $642,000
Unverifiable Information 60 $12,879,000 $214,000 $518,000 $112,000 $2,627,000
Employment History 56 $10,805,000 $192,000 $559,000 $64,000 $211,000
Mortgage Insurance Denied 12 $3,188,000 $265,000 $448,000 $94,000 $168,000
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Mortgage Loan Application Totals in 2016 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 24,176 $ 6,436,221,000 $ 266,000 $ 90,000
FAIRBANKS, AK 4,014 $ 929,829,000 $ 231,000 $ 81,000
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Mortgage Loan Application Totals in 2016 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 11 $ 1,036,000 $ 94,000 $ 51,000
Aleutians West 56 $ 13,751,000 $ 245,000 $ 105,000
Anchorage 16,988 $ 4,737,945,000 $ 278,000 $ 94,000
Bethel 188 $ 41,590,000 $ 221,000 $ 79,000
Bristol Bay 27 $ 5,039,000 $ 186,000 $ 87,000
Denali 46 $ 6,949,000 $ 151,000 $ 85,000
Dillingham 65 $ 11,012,000 $ 169,000 $ 63,000
Fairbanks North Star 4,015 $ 929,951,000 $ 231,000 $ 81,000
Haines 79 $ 15,673,000 $ 198,000 $ 70,000
Juneau 1,666 $ 488,794,000 $ 293,000 $ 92,000
Kenai Peninsula 3,185 $ 669,793,000 $ 210,000 $ 87,000
Ketchikan Gateway 435 $ 106,274,000 $ 244,000 $ 79,000
Kodiak Island 583 $ 136,627,000 $ 234,000 $ 73,000
Lake and Peninsula 9 $ 1,587,000 $ 176,000 $ 73,000
Matanuska-Susitna 7,200 $ 1,702,322,000 $ 236,000 $ 82,000
Nome 160 $ 30,218,000 $ 188,000 $ 86,000
North Slope 64 $ 8,142,000 $ 127,000 $ 103,000
Northwest Arctic 69 $ 14,020,000 $ 203,000 $ 64,000
Prince of Wales-Outer Ketchikan n/a $ n/a $ n/a $ n/a
Sitka 214 $ 62,299,000 $ 291,000 $ 104,000
Skagway-Hoonah-Angoon n/a $ n/a $ n/a $ n/a
Southeast Fairbanks 228 $ 41,123,000 $ 180,000 $ 72,000
Valdez-Cordova 314 $ 60,719,000 $ 193,000 $ 91,000
Wade Hampton n/a $ n/a $ n/a $ n/a
Wrangell-Petersburg n/a $ n/a $ n/a $ n/a
Yakutat 8 $ 1,168,000 $ 146,000 $ 60,000
Yukon-Koyukuk 22 $ 2,361,000 $ 107,000 $ 69,000
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