Anchorage, AK Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 18,708 mortgage applications in Anchorage, AK totaling $4.6 billion, down 15% from 2010. The average application was for $248,000, and applicants reported an average income of $96,000. 51% of applications resulted in an originated loan and 9% were denied. The most active lender was Wells Fargo Bank NA, with 6,034 applications, followed by Residential Mortgage, LLC and Alaska USA Mortgage Co., LLC.

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Total Number of Mortgage Applications 18,708
Total Mortgage Loan Application Amount $4,645,012,000
Average Mortgage Loan Application Amount $248,000
Highest Mortgage Loan Application Amount $66,000,000
Average Applicant Income $96,000
Highest Applicant Income $4,350,000
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Top Mortgage Lenders in Anchorage, AK (2011)

Ranked by the number of mortgage applications each lender reported in Anchorage, AK in 2011.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
6,034 $1,477,885,000 $244,000 $99,000
2 Residential Mortgage, LLC
Anchorage, AK
3,207 $837,208,000 $261,000 $100,000
3 Alaska USA Mortgage Co., LLC
Anchorage, AK
3,171 $749,380,000 $236,000 $100,000
4 Wells Fargo Funding, Inc
Winston-Salem, NC
859 $221,717,000 $258,000 $105,000
5 Bank of America NA
Westlake Village, CA
673 $157,836,000 $234,000 $100,000
6 USAA Federal Savings Bank
San Antonio, TX
486 $122,537,000 $252,000 $90,000
7 First National Bank Alaska
Anchorage, AK
429 $105,931,000 $246,000 $115,000
8 US Bank, N.A.
Cincinnati, OH
415 $109,376,000 $263,000 $16,000
9 Ally Bank
Charlotte, NC
265 $62,546,000 $236,000 $96,000
10 Denali Federal Credit Union
Anchorage, AK
245 $57,311,000 $233,000 $83,000

See every lender active in Anchorage, AK in 2011 »

The tables below break down 2011 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 2011

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 11,287 $2,810,471,000 $249,000 $66,000,000 $95,000 $3,300,000
Home Purchase 6,654 $1,781,490,000 $267,000 $2,138,000 $98,000 $4,350,000
Home Improvement 767 $53,051,000 $69,000 $745,000 $89,000 $1,200,000

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 $3,083,645,000 $244,000 $1,650,000 $106,000 $4,350,000
Not Provided 2,023 $470,825,000 $232,000 $1,500,000 $108,000 $2,631,000
Not applicable 1,341 $454,701,000 $339,000 $66,000,000 $11,000 $430,000
American Indian or Alaskan Native 761 $177,191,000 $232,000 $1,100,000 $88,000 $1,651,000
Asian 738 $169,915,000 $230,000 $880,000 $84,000 $1,581,000
Hispanic 591 $132,136,000 $223,000 $636,000 $84,000 $1,734,000
Black or African American 511 $121,065,000 $236,000 $626,000 $71,000 $630,000
Native Hawaiian or Other Pacific Islander 155 $35,534,000 $229,000 $585,000 $72,000 $202,000

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) 11,269 $2,766,209,000 $245,000 $66,000,000 $118,000 $4,350,000
FHA-insured (Federal Housing Administration) 3,927 $863,075,000 $219,000 $644,000 $68,000 $973,000
VA-guaranteed (Veterans Administration) 3,509 $1,015,058,000 $289,000 $798,000 $55,000 $1,734,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $670,000 $223,000 $264,000 $45,000 $58,000

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 9,538 $2,316,083,000 $242,000 $15,500,000 $103,000 $4,350,000
Loan Purchased By The Institution 4,562 $1,274,344,000 $279,000 $66,000,000 $75,000 $4,350,000
Application Withdrawn By Applicant 1,699 $410,427,000 $241,000 $1,500,000 $105,000 $3,300,000
Application Denied By Financial Institution 1,686 $343,705,000 $203,000 $1,300,000 $91,000 $1,834,000
Application Approved But Not Accepted 911 $225,554,000 $247,000 $900,000 $114,000 $1,560,000
File Closed For Incompleteness 312 $74,899,000 $240,000 $1,356,000 $97,000 $1,200,000
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 370 $73,189,000 $197,000 $748,000 $74,000 $890,000
Other 288 $58,827,000 $204,000 $685,000 $94,000 $1,000,000
Credit History 259 $39,480,000 $152,000 $1,000,000 $78,000 $545,000
Collateral 248 $65,567,000 $264,000 $1,300,000 $140,000 $1,834,000
Credit Application Incomplete 132 $30,560,000 $231,000 $607,000 $91,000 $420,000
Unverifiable Information 52 $13,352,000 $256,000 $680,000 $93,000 $351,000
Insufficient Cash (Downpayment, Closing Cost) 39 $9,622,000 $246,000 $1,000,000 $83,000 $214,000
Employment History 15 $2,741,000 $182,000 $359,000 $68,000 $170,000
Mortgage Insurance Denied 1 $398,000 $398,000 $398,000 $180,000 $180,000

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.

Download the Alaska Lender List