North Slope, AK Mortgage Lenders & HMDA Data, 2017

In 2017, lenders reported 59 mortgage applications in North Slope, AK totaling $10.6 million, down 8% from 2016. The average application was for $180,000, and applicants reported an average income of $167,000. 41% of applications resulted in an originated loan and 27% were denied. The most active lender was Wells Fargo Bank NA, with 17 applications, followed by Alaska USA Mortgage Company LLC and Global Federal Credit Union.

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Total Number of Mortgage Applications 59
Total Mortgage Loan Application Amount $10,634,000
Average Mortgage Loan Application Amount $180,000
Highest Mortgage Loan Application Amount $427,000
Average Applicant Income $167,000
Highest Applicant Income $3,408,000
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Top Mortgage Lenders in North Slope, AK (2017)

Ranked by the number of mortgage applications each lender reported in North Slope, AK in 2017.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
17 $2,256,000 $132,000 $82,000
2 Alaska USA Mortgage Company LLC
Anchorage, AK
10 $2,141,000 $214,000 $108,000
3 Global Federal Credit Union
Anchorage, AK
7 $1,691,000 $241,000 $107,000
4 Credit Union 1
Anchorage, AK
4 $95,000 $23,000 $913,000
5 Residential Mortgage, LLC
Anchorage, AK
3 $1,093,000 $364,000 $160,000
6 Freedom Mortgage Corporation
Boca Raton, FL
3 $550,000 $183,000 $170,000
7 Amerisave Mortgage Company
Sandy Springs, GA
2 $286,000 $143,000 $218,000
8 US Bank, N.A.
Cincinnati, OH
1 $367,000 $367,000 $0
9 American Pacific Mortgage Corporation
Roseville, CA
1 $148,000 $148,000 $213,000
10 Bank of America NA
Westlake Village, CA
1 $117,000 $117,000 $115,000

See every lender active in North Slope, AK in 2017 »

The tables below break down 2017 mortgage applications in North Slope, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for North Slope, AK in 2017

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 26 $5,032,000 $193,000 $367,000 $115,000 $241,000
Home Purchase 21 $4,889,000 $232,000 $427,000 $127,000 $303,000
Home Improvement 12 $713,000 $59,000 $404,000 $348,000 $3,408,000

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 28 $5,233,000 $186,000 $427,000 $97,000 $303,000
Asian 11 $1,496,000 $136,000 $226,000 $112,000 $212,000
Not Provided 10 $1,724,000 $172,000 $367,000 $473,000 $3,408,000
Native Hawaiian or Other Pacific Islander 6 $1,230,000 $205,000 $268,000 $144,000 $213,000
White 3 $584,000 $194,000 $206,000 $96,000 $142,000
Not applicable 1 $367,000 $367,000 $367,000 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
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) 41 $6,095,000 $148,000 $427,000 $192,000 $3,408,000
FHA-insured (Federal Housing Administration) 13 $3,023,000 $232,000 $352,000 $115,000 $218,000
VA-guaranteed (Veterans Administration) 5 $1,516,000 $303,000 $367,000 $96,000 $130,000
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
Loan Originated 24 $4,768,000 $198,000 $367,000 $131,000 $303,000
Application Denied By Financial Institution 16 $1,994,000 $124,000 $404,000 $80,000 $218,000
Loan Purchased By The Institution 9 $2,264,000 $251,000 $367,000 $99,000 $154,000
Application Withdrawn By Applicant 6 $1,337,000 $222,000 $427,000 $126,000 $241,000
File Closed For Incompleteness 4 $271,000 $67,000 $129,000 $940,000 $3,408,000
Application Approved But Not Accepted 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
Credit History 9 $1,042,000 $115,000 $404,000 $83,000 $218,000
Debt-To-Income Ratio 4 $299,000 $74,000 $185,000 $71,000 $93,000
Insufficient Cash (Downpayment, Closing Cost) 1 $189,000 $189,000 $189,000 $33,000 $33,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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