Matanuska-Susitna, AK Mortgage Lenders & HMDA Data, 2015

In 2015, lenders reported 6,567 mortgage applications in Matanuska-Susitna, AK totaling $1.5 billion, up 33% from 2014. The average application was for $228,000, and applicants reported an average income of $71,000. 51% of applications resulted in an originated loan and 10% were denied. The most active lender was Wells Fargo Bank NA, with 1,160 applications, followed by Alaska USA Mortgage Co., LLC and Global Federal Credit Union.

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Total Number of Mortgage Applications 6,567
Total Mortgage Loan Application Amount $1,501,516,000
Average Mortgage Loan Application Amount $228,000
Highest Mortgage Loan Application Amount $7,224,000
Average Applicant Income $71,000
Highest Applicant Income $1,542,000
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Top Mortgage Lenders in Matanuska-Susitna, AK (2015)

Ranked by the number of mortgage applications each lender reported in Matanuska-Susitna, AK in 2015.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
1,160 $264,076,000 $227,000 $78,000
2 Alaska USA Mortgage Co., LLC
Anchorage, AK
1,002 $232,288,000 $231,000 $91,000
3 Global Federal Credit Union
Anchorage, AK
823 $184,922,000 $224,000 $6,000
4 Residential Mortgage, LLC
Anchorage, AK
633 $161,792,000 $255,000 $89,000
5 Matanuska Valley Federal Credit Union
Palmer, AK
303 $36,208,000 $119,000 $93,000
6 First National Bank Alaska
Anchorage, AK
246 $56,550,000 $229,000 $83,000
7 Caliber Home Loans, Inc.
Wilmington, DE
132 $36,881,000 $279,000 $87,000
8 loanDepot.com LLC
Irvine, CA
115 $24,088,000 $209,000 $72,000
9 Freedom Mortgage Corporation
Boca Raton, FL
113 $28,244,000 $249,000 $6,000
10 Academy Mortgage Corporation
Salt Lake City, UT
108 $29,116,000 $269,000 $92,000

See every lender active in Matanuska-Susitna, AK in 2015 »

The tables below break down 2015 mortgage applications in Matanuska-Susitna, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Matanuska-Susitna, AK in 2015

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 3,851 $970,127,000 $251,000 $1,231,000 $71,000 $1,542,000
Refinancing 2,354 $502,270,000 $213,000 $7,224,000 $68,000 $1,275,000
Home Improvement 362 $29,119,000 $80,000 $430,000 $87,000 $515,000

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 4,095 $907,535,000 $221,000 $1,231,000 $86,000 $1,542,000
Not applicable 1,163 $289,316,000 $248,000 $7,224,000 $0 $106,000
Not Provided 744 $174,276,000 $234,000 $749,000 $90,000 $676,000
American Indian or Alaskan Native 266 $59,715,000 $224,000 $630,000 $86,000 $476,000
Hispanic 153 $35,282,000 $230,000 $556,000 $83,000 $554,000
Black or African American 59 $15,344,000 $260,000 $692,000 $76,000 $201,000
Asian 52 $10,624,000 $204,000 $522,000 $79,000 $253,000
Native Hawaiian or Other Pacific Islander 35 $9,424,000 $269,000 $620,000 $100,000 $820,000

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) 2,942 $598,906,000 $203,000 $7,224,000 $87,000 $1,542,000
VA-guaranteed (Veterans Administration) 1,784 $482,410,000 $270,000 $1,231,000 $61,000 $1,040,000
FHA-insured (Federal Housing Administration) 1,442 $341,105,000 $236,000 $692,000 $60,000 $462,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 399 $79,095,000 $198,000 $413,000 $39,000 $120,000

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 3,350 $771,448,000 $230,000 $7,224,000 $89,000 $1,542,000
Loan Purchased By The Institution 1,651 $404,393,000 $244,000 $772,000 $24,000 $401,000
Application Denied By Financial Institution 682 $130,789,000 $191,000 $674,000 $83,000 $1,200,000
Application Withdrawn By Applicant 542 $118,971,000 $219,000 $626,000 $79,000 $415,000
Application Approved But Not Accepted 189 $42,660,000 $225,000 $600,000 $98,000 $420,000
File Closed For Incompleteness 153 $33,255,000 $217,000 $713,000 $68,000 $360,000
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 105 $17,754,000 $169,000 $620,000 $64,000 $294,000
Other 102 $19,179,000 $188,000 $622,000 $90,000 $395,000
Credit History 96 $11,480,000 $119,000 $409,000 $76,000 $248,000
Collateral 70 $14,520,000 $207,000 $548,000 $116,000 $1,200,000
Credit Application Incomplete 55 $11,989,000 $217,000 $447,000 $89,000 $225,000
Employment History 17 $3,822,000 $224,000 $357,000 $68,000 $145,000
Insufficient Cash (Downpayment, Closing Cost) 13 $2,733,000 $210,000 $536,000 $164,000 $1,040,000
Unverifiable Information 10 $2,081,000 $208,000 $318,000 $114,000 $259,000
Mortgage Insurance Denied 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.

Download the Alaska Lender List