Matanuska-Susitna, AK Mortgage Lenders & HMDA Data, 2018

In 2018, lenders reported 5,554 mortgage applications in Matanuska-Susitna, AK totaling $1.3 billion, down 6% from 2017. The average application was for $237,000, and applicants reported an average income of $100,000. 50% of applications resulted in an originated loan and 11% were denied. The most active lender was Alaska USA Mortgage Company LLC, with 696 applications, followed by Wells Fargo Bank NA and Global Federal Credit Union.

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Total Number of Mortgage Applications 5,554
Total Mortgage Loan Application Amount $1,320,090,000
Average Mortgage Loan Application Amount $237,000
Highest Mortgage Loan Application Amount $1,125,000
Average Applicant Income $100,000
Highest Applicant Income $2,140,000
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Top Mortgage Lenders in Matanuska-Susitna, AK (2018)

Ranked by the number of mortgage applications each lender reported in Matanuska-Susitna, AK in 2018.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Alaska USA Mortgage Company LLC
Anchorage, AK
696 $171,490,000 $246,000 $107,000
2 Wells Fargo Bank NA
Minneapolis, MN
615 $128,125,000 $208,000 $105,000
3 Global Federal Credit Union
Anchorage, AK
586 $129,310,000 $220,000 $100,000
4 Residential Mortgage, LLC
Anchorage, AK
446 $121,680,000 $272,000 $103,000
5 Caliber Home Loans, Inc.
Wilmington, DE
204 $54,150,000 $265,000 $85,000
6 First National Bank Alaska
Anchorage, AK
175 $45,165,000 $258,000 $147,000
7 Primelending
Dallas, TX
172 $47,560,000 $276,000 $97,000
8 Freedom Mortgage Corporation
Boca Raton, FL
151 $41,525,000 $275,000 $81,000
9 Keybank National Association
Cleveland, OH
137 $19,145,000 $139,000 $123,000
10 loanDepot.com LLC
Irvine, CA
130 $29,040,000 $223,000 $83,000

See every lender active in Matanuska-Susitna, AK in 2018 »

The tables below break down 2018 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 2018

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 3,297 $877,025,000 $266,000 $1,055,000 $100,000 $2,031,000
Cash-out Refinancing 1,145 $251,405,000 $219,000 $675,000 $92,000 $1,366,000
Refinancing 592 $130,300,000 $220,000 $1,125,000 $107,000 $2,140,000
Other Purpose 212 $22,600,000 $106,000 $485,000 $121,000 $898,000
Home Improvement 199 $14,955,000 $75,000 $355,000 $92,000 $820,000
Not Applicable 109 $23,805,000 $218,000 $515,000 $150,000 $542,000

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 3,672 $865,140,000 $235,000 $1,125,000 $99,000 $2,031,000
Not Provided 747 $174,645,000 $233,000 $925,000 $105,000 $1,366,000
Not applicable 485 $125,005,000 $257,000 $1,055,000 $61,000 $89,000
American Indian or Alaskan Native 392 $90,540,000 $230,000 $685,000 $100,000 $2,140,000
Hispanic 129 $35,185,000 $272,000 $675,000 $107,000 $673,000
Asian 50 $11,360,000 $227,000 $425,000 $86,000 $268,000
Black or African American 48 $11,540,000 $240,000 $555,000 $84,000 $201,000
Native Hawaiian or Other Pacific Islander 25 $5,395,000 $215,000 $395,000 $76,000 $234,000

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) 2,837 $616,205,000 $217,000 $1,125,000 $113,000 $2,140,000
VA-guaranteed (Veterans Administration) 1,442 $406,450,000 $281,000 $695,000 $89,000 $2,031,000
FHA-insured (Federal Housing Administration) 1,006 $241,160,000 $239,000 $685,000 $81,000 $370,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 269 $56,275,000 $209,000 $355,000 $67,000 $126,000

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 2,777 $675,155,000 $243,000 $1,125,000 $100,000 $1,338,000
Loan Purchased By The Institution 1,187 $302,925,000 $255,000 $1,055,000 $103,000 $885,000
Application Withdrawn By Applicant 722 $169,020,000 $234,000 $695,000 $110,000 $2,140,000
Application Denied By Financial Institution 631 $118,855,000 $188,000 $1,055,000 $79,000 $820,000
File Closed For Incompleteness 151 $33,675,000 $223,000 $555,000 $103,000 $833,000
Application Approved But Not Accepted 85 $19,955,000 $234,000 $685,000 $135,000 $898,000
Preapproval Approved but not Accepted 1 $505,000 $505,000 $505,000 $89,000 $89,000
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
Not applicable 4,922 $1,201,050,000 $244,000 $1,125,000 $103,000 $2,140,000
Debt-To-Income Ratio 181 $34,485,000 $190,000 $555,000 $61,000 $239,000
Credit History 154 $26,330,000 $170,000 $695,000 $85,000 $404,000
Collateral 119 $19,925,000 $167,000 $555,000 $82,000 $201,000
Credit Application Incomplete 73 $16,045,000 $219,000 $515,000 $80,000 $450,000
Other 62 $13,340,000 $215,000 $1,055,000 $88,000 $399,000
Unverifiable Information 19 $3,795,000 $199,000 $395,000 $156,000 $820,000
Employment History 13 $3,075,000 $236,000 $485,000 $69,000 $159,000
Insufficient Cash (Downpayment, Closing Cost) 11 $2,045,000 $185,000 $305,000 $72,000 $117,000
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.

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