Northwest Arctic, AK Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 69 mortgage applications in Northwest Arctic, AK totaling $14.0 million, up 11% from 2015. The average application was for $203,000, and applicants reported an average income of $64,000. 26% of applications resulted in an originated loan and 30% were denied. The most active lender was Wells Fargo Bank NA, with 27 applications, followed by Alaska USA Mortgage Co., LLC and Global Federal Credit Union.
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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 | 69 |
| Total Mortgage Loan Application Amount | $14,020,000 |
| Average Mortgage Loan Application Amount | $203,000 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $64,000 |
| Highest Applicant Income | $213,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Wells Fargo Bank NA MINNEAPOLIS, MN 55415 |
* | $ 1,610,580,000,000 | 27 | $ 5,708,000 |
| Alaska USA Mortgage Co., LLC PO BOX 196850 ANCHORAGE, AK 99519 |
* | $ 1,485,079,000 | 12 | $ 2,498,000 |
| Global Federal Credit Union PO BOX 196850 ANCHORAGE, AK 99503 |
* | $ 6,149,860,000 | 8 | $ 1,495,000 |
| loanDepot.com LLC 6561 IRVINE CENTER DRIVE IRVINE, CA 92618 |
* | $ 138,031,000 | 4 | $ 372,000 |
| Credit Union 1 1941 ABBOTT RD ANCHORAGE, AK 99507 |
* | $ 977,042,000 | 3 | $ 505,000 |
| Residential Mortgage, LLC 100 CALAIS DRIVE, SUITE 100 ANCHORAGE, AK 99503 |
* | $ 106,268,000 | 3 | $ 930,000 |
| Northrim Bank 3111 C STREET ANCHORAGE, AK 99503 |
* | $ 1,492,475,000 | 2 | $ 711,000 |
| Suntrust Bank P.O. BOX 4418, MAIL CODE 0663 ATLANTA, GA 30302 |
* | $ 186,710,993,000 | 1 | $ 30,000 |
| Amerisave Mortgage Company 1200 ALTMORE AVENUE BUILDING 2 SUITE 300 SANDY SPRINGS, GA 30342 |
* | $ 8,994,122,000 | 1 | $ 120,000 |
| Mortgage Research Center 1400 VETERANS UNITED DR. COLUMBIA, MO 65203 |
* | $ 880,000,000 | 1 | $ 82,000 |
| Chickasaw Community Bank 909 S MERIDIAN AVE OKLAHOMA CITY, OK 73142 |
* | $ 125,111,000 | 1 | $ 99,000 |
| USAA Federal Savings Bank 10750 MCDERMOTT FREEWAY SAN ANTONIO, TX 78288 |
* | $ 71,130,930,000 | 1 | $ 363,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ 4,088,336,000 | 1 | $ 204,000 |
| Ifreedom Direct Corporation 124 N. CHARLES LINDBERGH DRIVE SLC, UT 84116 |
* | $ 10,000,000 | 1 | $ 222,000 |
The tables below break down 2016 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 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 | 40 | $11,417,000 | $285,000 | $500,000 | $67,000 | $159,000 |
| Home Improvement | 16 | $676,000 | $42,000 | $220,000 | $56,000 | $169,000 |
| Refinancing | 13 | $1,927,000 | $148,000 | $337,000 | $66,000 | $213,000 |
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 | 36 | $4,759,000 | $132,000 | $427,000 | $66,000 | $169,000 |
| White | 13 | $2,702,000 | $207,000 | $380,000 | $93,000 | $134,000 |
| Not applicable | 11 | $5,162,000 | $469,000 | $500,000 | $0 | $0 |
| Not Provided | 5 | $743,000 | $148,000 | $259,000 | $102,000 | $213,000 |
| Hispanic | 2 | $286,000 | $143,000 | $143,000 | $72,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $5,000 | $5,000 | $5,000 | $100,000 | $100,000 |
| Asian | 1 | $363,000 | $363,000 | $363,000 | $136,000 | $136,000 |
| Black or African American | 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) | 38 | $4,795,000 | $126,000 | $380,000 | $70,000 | $169,000 |
| FHA-insured (Federal Housing Administration) | 25 | $7,957,000 | $318,000 | $500,000 | $51,000 | $134,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,268,000 | $211,000 | $363,000 | $87,000 | $213,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 21 | $1,784,000 | $84,000 | $380,000 | $52,000 | $213,000 |
| Loan Originated | 18 | $3,414,000 | $189,000 | $368,000 | $88,000 | $136,000 |
| Application Withdrawn By Applicant | 14 | $5,469,000 | $390,000 | $500,000 | $28,000 | $102,000 |
| Loan Purchased By The Institution | 11 | $2,326,000 | $211,000 | $367,000 | $71,000 | $134,000 |
| File Closed For Incompleteness | 3 | $485,000 | $161,000 | $200,000 | $135,000 | $169,000 |
| Application Approved But Not Accepted | 2 | $542,000 | $271,000 | $427,000 | $97,000 | $100,000 |
| 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 | 9 | $101,000 | $11,000 | $30,000 | $45,000 | $95,000 |
| Debt-To-Income Ratio | 4 | $180,000 | $45,000 | $138,000 | $50,000 | $100,000 |
| Collateral | 2 | $639,000 | $319,000 | $380,000 | $163,000 | $213,000 |
| Other | 1 | $337,000 | $337,000 | $337,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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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