Bristol Bay, AK Mortgage Lenders & HMDA Data, 2014

In 2014, lenders reported 24 mortgage applications in Bristol Bay, AK totaling $3.6 million, up 9% from 2013. The average application was for $149,000, and applicants reported an average income of $116,000. 42% of applications resulted in an originated loan and 46% were denied. The most active lender was Alaska USA Mortgage Co., LLC, with 8 applications, followed by Wells Fargo Bank NA and Bank of America NA.

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Total Number of Mortgage Applications 24
Total Mortgage Loan Application Amount $3,597,000
Average Mortgage Loan Application Amount $149,000
Highest Mortgage Loan Application Amount $286,000
Average Applicant Income $116,000
Highest Applicant Income $460,000
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Top Mortgage Lenders in Bristol Bay, AK (2014)

Ranked by the number of mortgage applications each lender reported in Bristol Bay, AK in 2014.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Alaska USA Mortgage Co., LLC
Anchorage, AK
8 $1,294,000 $161,000 $99,000
2 Wells Fargo Bank NA
Minneapolis, MN
5 $603,000 $120,000 $64,000
3 Bank of America NA
Westlake Village, CA
4 $617,000 $154,000 $196,000
4 New Day Financial, Llc.
West Palm Beach, FL
1 $169,000 $169,000 $23,000
5 National Bank of Kansas City
Overland Park, KS
1 $124,000 $124,000 $460,000
6 Credit Union 1
Anchorage, AK
1 $180,000 $180,000 $82,000
7 First National Bank Alaska
Anchorage, AK
1 $162,000 $162,000 $128,000

See every lender active in Bristol Bay, AK in 2014 »

The tables below break down 2014 mortgage applications in Bristol Bay, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Bristol Bay, AK 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
Refinancing 16 $2,430,000 $151,000 $242,000 $101,000 $380,000
Home Purchase 7 $1,152,000 $164,000 $286,000 $154,000 $460,000
Home Improvement 1 $15,000 $15,000 $15,000 $90,000 $90,000

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 13 $2,108,000 $162,000 $286,000 $159,000 $460,000
American Indian or Alaskan Native 6 $792,000 $132,000 $169,000 $59,000 $94,000
Not Provided 5 $697,000 $139,000 $199,000 $75,000 $90,000
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0

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) 12 $1,618,000 $134,000 $242,000 $155,000 $460,000
FHA-insured (Federal Housing Administration) 11 $1,824,000 $165,000 $286,000 $79,000 $272,000
VA-guaranteed (Veterans Administration) 1 $155,000 $155,000 $155,000 $65,000 $65,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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
Application Denied By Financial Institution 11 $1,559,000 $141,000 $199,000 $89,000 $240,000
Loan Originated 10 $1,500,000 $150,000 $242,000 $112,000 $460,000
File Closed For Incompleteness 2 $426,000 $213,000 $286,000 $326,000 $380,000
Application Withdrawn By Applicant 1 $112,000 $112,000 $112,000 $39,000 $39,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
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
Other 3 $449,000 $149,000 $199,000 $138,000 $240,000
Collateral 2 $267,000 $133,000 $162,000 $97,000 $128,000
Credit Application Incomplete 2 $360,000 $180,000 $199,000 $75,000 $81,000
Credit History 2 $195,000 $97,000 $180,000 $86,000 $90,000
Employment History 1 $119,000 $119,000 $119,000 $30,000 $30,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0

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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