Nome, AK Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 160 mortgage applications in Nome, AK totaling $30.2 million, down 10% from 2015. The average application was for $188,000, and applicants reported an average income of $86,000. 49% of applications resulted in an originated loan and 21% were denied. The most active lender was Credit Union 1, with 52 applications, followed by Residential Mortgage, LLC and Wells Fargo Bank NA.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 160 |
| Total Mortgage Loan Application Amount | $30,218,000 |
| Average Mortgage Loan Application Amount | $188,000 |
| Highest Mortgage Loan Application Amount | $665,000 |
| Average Applicant Income | $86,000 |
| Highest Applicant Income | $1,284,000 |
Top Mortgage Lenders in Nome, AK (2016)
Ranked by the number of mortgage applications each lender reported in Nome, AK in 2016.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Credit Union 1 Anchorage, AK |
52 | $4,916,000 | $94,000 | $74,000 |
| 2 | Residential Mortgage, LLC Anchorage, AK |
24 | $6,471,000 | $269,000 | $119,000 |
| 3 | Wells Fargo Bank NA Minneapolis, MN |
20 | $4,099,000 | $204,000 | $71,000 |
| 4 | Alaska USA Mortgage Co., LLC Anchorage, AK |
11 | $2,549,000 | $231,000 | $105,000 |
| 5 | Global Federal Credit Union Anchorage, AK |
9 | $2,175,000 | $241,000 | $119,000 |
| 6 | loanDepot.com LLC Irvine, CA |
7 | $1,326,000 | $189,000 | $242,000 |
| 7 | Freedom Mortgage Corporation Fishers, IN |
5 | $1,440,000 | $288,000 | $0 |
| 8 | USAA Federal Savings Bank San Antonio, TX |
4 | $1,125,000 | $281,000 | $122,000 |
| 9 | Chickasaw Community Bank Oklahoma City, OK |
4 | $440,000 | $110,000 | $39,000 |
| 10 | JPMorgan Chase Bank, NA Columbus, OH |
4 | $667,000 | $166,000 | $42,000 |
The tables below break down 2016 mortgage applications in Nome, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Nome, AK in 2016
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 | 66 | $17,191,000 | $260,000 | $458,000 | $92,000 | $293,000 |
| Refinancing | 48 | $10,934,000 | $227,000 | $665,000 | $100,000 | $1,284,000 |
| Home Improvement | 46 | $2,093,000 | $45,000 | $330,000 | $64,000 | $230,000 |
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 |
|---|---|---|---|---|---|---|
| American Indian or Alaskan Native | 66 | $9,992,000 | $151,000 | $458,000 | $68,000 | $147,000 |
| White | 48 | $9,713,000 | $202,000 | $665,000 | $135,000 | $1,284,000 |
| Not Provided | 27 | $5,487,000 | $203,000 | $310,000 | $82,000 | $178,000 |
| Not applicable | 13 | $3,564,000 | $274,000 | $570,000 | $0 | $0 |
| Black or African American | 4 | $1,163,000 | $290,000 | $332,000 | $79,000 | $88,000 |
| Asian | 1 | $293,000 | $293,000 | $293,000 | $281,000 | $281,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $6,000 | $6,000 | $6,000 | $10,000 | $10,000 |
| Hispanic | 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) | 109 | $17,054,000 | $156,000 | $665,000 | $99,000 | $1,284,000 |
| FHA-insured (Federal Housing Administration) | 18 | $4,244,000 | $235,000 | $458,000 | $68,000 | $124,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $4,527,000 | $266,000 | $422,000 | $54,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 16 | $4,393,000 | $274,000 | $430,000 | $55,000 | $198,000 |
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 | 78 | $13,701,000 | $175,000 | $528,000 | $95,000 | $293,000 |
| Application Denied By Financial Institution | 33 | $5,243,000 | $158,000 | $570,000 | $98,000 | $1,284,000 |
| Loan Purchased By The Institution | 26 | $6,351,000 | $244,000 | $422,000 | $51,000 | $178,000 |
| Application Withdrawn By Applicant | 12 | $2,181,000 | $181,000 | $420,000 | $82,000 | $139,000 |
| File Closed For Incompleteness | 7 | $1,890,000 | $270,000 | $665,000 | $74,000 | $147,000 |
| Application Approved But Not Accepted | 4 | $852,000 | $213,000 | $458,000 | $92,000 | $124,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $158,000 | $26,000 | $137,000 | $40,000 | $61,000 |
| Debt-To-Income Ratio | 6 | $1,603,000 | $267,000 | $570,000 | $33,000 | $98,000 |
| Collateral | 5 | $977,000 | $195,000 | $310,000 | $102,000 | $177,000 |
| Employment History | 3 | $285,000 | $95,000 | $260,000 | $56,000 | $78,000 |
| Credit Application Incomplete | 1 | $180,000 | $180,000 | $180,000 | $123,000 | $123,000 |
| Unverifiable Information | 1 | $50,000 | $50,000 | $50,000 | $125,000 | $125,000 |
| 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 |
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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