Alaska Best Mortgage, LLC Mortgage Lending & HMDA Data, 2009

In 2009, Alaska Best Mortgage, LLC of Des Moines, IA reported 7 mortgage applications totaling $1.5 million, down 12% from 2008. The average application was for $214,428, and applicants reported an average income of $69,714. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Anchorage, AK (4) and Denver-Aurora-Broomfield, CO (2).

Mortgage Company & Address Alaska Best Mortgage, LLC
1 Home Campus, 4th Floor, Mac X2301-042
Des Moines, IA 50328
Federal Regulator * available with data download
Years 2009  2008  2007  2006  
Total Number of Mortgage Applications 7
Total Mortgage Loan Application Amount $1,501,000
Average Mortgage Loan Application Amount $214,428
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $69,714
Highest Applicant Income $138,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alaska Best Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Alaska Best Mortgage, LLC by Metropolitan Area in 2009

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 4 $ 671,000 $ 167,750 $ 54,000
Denver-Aurora-Broomfield, CO 2 $ 683,000 $ 341,500 $ 102,000

Mortgage Loan Application Detail Totals for Alaska Best Mortgage, LLC in 2009

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 4 $724,000 $181,000 $266,000 $57,000 $71,000
Home Improvement 2 $360,000 $180,000 $195,000 $61,000 $80,000
Home Purchase 1 $417,000 $417,000 $417,000 $138,000 $138,000

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 7 $1,501,000 $214,000 $417,000 $70,000 $138,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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
Not Provided 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) 7 $1,501,000 $214,000 $417,000 $70,000 $138,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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
Loan Originated 7 $1,501,000 $214,000 $417,000 $70,000 $138,000
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
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Alaska Best Mortgage, LLC's 2009 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Alaska Best Mortgage, LLC's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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