Northwest Arctic, AK Mortgage Lenders & HMDA Data, 2009
In 2009, lenders reported 94 mortgage applications in Northwest Arctic, AK totaling $15.5 million, up 1% from 2008. The average application was for $165,000, and applicants reported an average income of $89,000. 27% of applications resulted in an originated loan and 34% were denied. The most active lender was Wells Fargo Bank, NA, with 73 applications, followed by Global Federal Credit Union and Bank of America, N.A..
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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 | 94 |
| Total Mortgage Loan Application Amount | $15,543,000 |
| Average Mortgage Loan Application Amount | $165,000 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $89,000 |
| Highest Applicant Income | $514,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Wells Fargo Bank, NA 1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042 DES MOINES, IA 50328 |
* | $ 538,958,000,000 | 73 | $ 12,536,000 |
| Global Federal Credit Union PO BOX 196850 ANCHORAGE, AK 99503 |
* | $ 3,841,247,000 | 8 | $ 1,066,000 |
| Bank of America, N.A. 4500 PARK GRANADA CALABASAS, CA 91302 |
* | $ 1,471,631,047,000 | 2 | $ 334,000 |
| Ally Bank F/K/A/ Gmac Bank 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 32,882,574,000 | 2 | $ 289,000 |
| Wells Fargo Funding, Inc 100 N MAIN STREEET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 25,457,000 | 2 | $ 295,000 |
| Residential Mortgage, LLC 100 CALAIS DRIVE ANCHORAGE, AK 99515 |
* | $ 10,000,000 | 2 | $ 295,000 |
| Prospect Mortgage, LLC 15301 VENTURA BLVD. SUITE D300 SHERMAN OAKS, CA 91403 |
* | $ 10,000,000 | 1 | $ 134,000 |
| Amerisave Mortgage Company 1200 ALTMORE AVENUE BUILDING 2 SUITE 300 SANDY SPRINGS, GA 30342 |
* | $ 8,994,122,000 | 1 | $ 100,000 |
| Gmac Mortgage LLC 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 31,000,000 | 1 | $ 134,000 |
| Credit Union 1 1941 ABBOTT RD ANCHORAGE, AK 99507 |
* | $ 624,672,000 | 1 | $ 85,000 |
The tables below break down 2009 mortgage applications in Northwest Arctic, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Northwest Arctic, AK 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 | 60 | $8,895,000 | $148,000 | $300,000 | $87,000 | $514,000 |
| Home Improvement | 20 | $577,000 | $28,000 | $130,000 | $75,000 | $219,000 |
| Home Purchase | 14 | $6,071,000 | $433,000 | $4,000,000 | $121,000 | $463,000 |
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 | 58 | $6,611,000 | $113,000 | $296,000 | $74,000 | $463,000 |
| White | 25 | $3,827,000 | $153,000 | $300,000 | $132,000 | $514,000 |
| Not Provided | 7 | $581,000 | $83,000 | $175,000 | $91,000 | $160,000 |
| Not applicable | 3 | $4,268,000 | $1,422,000 | $4,000,000 | $0 | $0 |
| Asian | 1 | $256,000 | $256,000 | $256,000 | $162,000 | $162,000 |
| 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 |
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) | 64 | $10,745,000 | $167,000 | $4,000,000 | $96,000 | $514,000 |
| FHA-insured (Federal Housing Administration) | 29 | $4,643,000 | $160,000 | $296,000 | $79,000 | $463,000 |
| VA-guaranteed (Veterans Administration) | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 32 | $7,087,000 | $221,000 | $4,000,000 | $99,000 | $514,000 |
| Loan Originated | 25 | $3,863,000 | $154,000 | $296,000 | $111,000 | $463,000 |
| Application Withdrawn By Applicant | 18 | $2,379,000 | $132,000 | $300,000 | $75,000 | $260,000 |
| File Closed For Incompleteness | 12 | $1,061,000 | $88,000 | $205,000 | $57,000 | $135,000 |
| Loan Purchased By The Institution | 6 | $897,000 | $149,000 | $275,000 | $46,000 | $98,000 |
| Application Approved But Not Accepted | 1 | $256,000 | $256,000 | $256,000 | $162,000 | $162,000 |
| 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 | 12 | $669,000 | $55,000 | $175,000 | $78,000 | $219,000 |
| Collateral | 12 | $1,438,000 | $119,000 | $300,000 | $142,000 | $514,000 |
| Credit Application Incomplete | 4 | $4,468,000 | $1,117,000 | $4,000,000 | $65,000 | $117,000 |
| Unverifiable Information | 2 | $432,000 | $216,000 | $252,000 | $39,000 | $78,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $95,000 | $95,000 |
| Debt-To-Income Ratio | 1 | $55,000 | $55,000 | $55,000 | $79,000 | $79,000 |
| 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 |
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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