Anchorage, AK Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 18,071 mortgage applications in Anchorage, AK totaling $4.3 billion, down 24% from 2007. The average application was for $240,000, and applicants reported an average income of $93,000. 48% of applications resulted in an originated loan and 14% were denied. The most active lender was Wells Fargo Bank, NA, with 3,726 applications, followed by Residential Mortgage, LLC and Alaska USA Mortgage Co., LLC.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 18,071 |
| Total Mortgage Loan Application Amount | $4,340,496,000 |
| Average Mortgage Loan Application Amount | $240,000 |
| Highest Mortgage Loan Application Amount | $19,000,000 |
| Average Applicant Income | $93,000 |
| Highest Applicant Income | $4,000,000 |
Top Mortgage Lenders in Anchorage, AK (2008)
Ranked by the number of mortgage applications each lender reported in Anchorage, AK in 2008.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
3,726 | $859,887,000 | $230,000 | $98,000 |
| 2 | Residential Mortgage, LLC Anchorage, AK |
3,298 | $830,081,000 | $251,000 | $93,000 |
| 3 | Alaska USA Mortgage Co., LLC Anchorage, AK |
2,263 | $535,752,000 | $236,000 | $91,000 |
| 4 | Wells Fargo Funding, Inc Winston-Salem, NC |
2,004 | $504,289,000 | $251,000 | $98,000 |
| 5 | Countrywide Bank FSB Westlake Village, CA |
1,057 | $255,352,000 | $241,000 | $103,000 |
| 6 | Wells Fargo Fin'l Alaska, Inc Des Moines, IA |
674 | $124,346,000 | $184,000 | $88,000 |
| 7 | Gmac Mortgage LLC Ft. Washington, PA |
629 | $155,733,000 | $247,000 | $66,000 |
| 8 | First National Bank Alaska Anchorage, AK |
387 | $98,951,000 | $255,000 | $89,000 |
| 9 | JPMorgan Chase Bank, NA Columbus, OH |
290 | $69,326,000 | $239,000 | $44,000 |
| 10 | USAA Federal Savings Bank San Antonio, TX |
282 | $66,023,000 | $234,000 | $110,000 |
The tables below break down 2008 mortgage applications in Anchorage, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Anchorage, AK in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 9,453 | $2,289,042,000 | $242,000 | $19,000,000 | $92,000 | $4,000,000 |
| Home Purchase | 7,856 | $1,970,669,000 | $250,000 | $2,030,000 | $94,000 | $1,999,000 |
| Home Improvement | 762 | $80,785,000 | $106,000 | $2,200,000 | $96,000 | $1,159,000 |
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 | 12,588 | $3,022,955,000 | $240,000 | $1,500,000 | $100,000 | $4,000,000 |
| Not Provided | 1,556 | $376,656,000 | $242,000 | $3,750,000 | $101,000 | $1,800,000 |
| Asian | 845 | $191,136,000 | $226,000 | $1,488,000 | $81,000 | $900,000 |
| Hispanic | 804 | $184,671,000 | $229,000 | $697,000 | $79,000 | $960,000 |
| American Indian or Alaskan Native | 706 | $141,919,000 | $201,000 | $688,000 | $83,000 | $644,000 |
| Not applicable | 682 | $216,059,000 | $316,000 | $19,000,000 | $13,000 | $306,000 |
| Black or African American | 669 | $155,406,000 | $232,000 | $1,306,000 | $76,000 | $280,000 |
| Native Hawaiian or Other Pacific Islander | 221 | $51,694,000 | $233,000 | $2,030,000 | $76,000 | $311,000 |
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) | 11,846 | $2,835,472,000 | $239,000 | $19,000,000 | $103,000 | $4,000,000 |
| FHA-insured (Federal Housing Administration) | 4,244 | $956,915,000 | $225,000 | $550,000 | $75,000 | $1,410,000 |
| VA-guaranteed (Veterans Administration) | 1,939 | $538,886,000 | $277,000 | $836,000 | $72,000 | $370,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 42 | $9,223,000 | $219,000 | $383,000 | $74,000 | $159,000 |
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 | 8,672 | $2,142,374,000 | $247,000 | $19,000,000 | $99,000 | $1,686,000 |
| Loan Purchased By The Institution | 3,715 | $910,742,000 | $245,000 | $688,000 | $76,000 | $4,000,000 |
| Application Denied By Financial Institution | 2,542 | $558,411,000 | $219,000 | $2,200,000 | $89,000 | $1,159,000 |
| Application Withdrawn By Applicant | 1,983 | $468,192,000 | $236,000 | $3,750,000 | $99,000 | $1,920,000 |
| Application Approved But Not Accepted | 848 | $195,878,000 | $230,000 | $1,173,000 | $103,000 | $1,999,000 |
| File Closed For Incompleteness | 311 | $64,899,000 | $208,000 | $651,000 | $103,000 | $1,003,000 |
| 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 Application Incomplete | 506 | $115,670,000 | $228,000 | $688,000 | $90,000 | $1,021,000 |
| Debt-To-Income Ratio | 419 | $92,310,000 | $220,000 | $1,600,000 | $71,000 | $395,000 |
| Collateral | 357 | $78,841,000 | $220,000 | $626,000 | $108,000 | $1,159,000 |
| Credit History | 312 | $50,856,000 | $163,000 | $450,000 | $79,000 | $754,000 |
| Other | 184 | $47,138,000 | $256,000 | $2,200,000 | $104,000 | $483,000 |
| Unverifiable Information | 62 | $15,138,000 | $244,000 | $668,000 | $109,000 | $384,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $7,739,000 | $249,000 | $651,000 | $101,000 | $198,000 |
| Employment History | 19 | $3,880,000 | $204,000 | $383,000 | $59,000 | $126,000 |
| Mortgage Insurance Denied | 6 | $1,565,000 | $260,000 | $447,000 | $85,000 | $130,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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