Northwest Arctic, AK Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 64 mortgage applications in Northwest Arctic, AK totaling $15.3 million, up 42% from 2019. The average application was for $238,000, and applicants reported an average income of $119,000. 52% of applications resulted in an originated loan and 11% were denied. The most active lender was Wells Fargo Bank NA, with 13 applications, followed by Alaska USA Mortgage Company 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 | 64 |
| Total Mortgage Loan Application Amount | $15,280,000 |
| Average Mortgage Loan Application Amount | $238,000 |
| Highest Mortgage Loan Application Amount | $525,000 |
| Average Applicant Income | $119,000 |
| Highest Applicant Income | $420,000 |
| 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 |
* | $ 1,712,919,000,000 | 13 | $ 2,785,000 |
| Alaska USA Mortgage Company LLC 4000 CREDIT UNION DRIVE, STE. 700 ANCHORAGE, AK 99503 |
* | $ -1,000 | 12 | $ 3,090,000 |
| Global Federal Credit Union PO BOX 196850 ANCHORAGE, AK 99503 |
* | $ 8,335,689,000 | 9 | $ 2,255,000 |
| Residential Mortgage, LLC 100 CALAIS DRIVE, SUITE 100 ANCHORAGE, AK 99503 |
* | $ -1,000 | 5 | $ 1,145,000 |
| Primary Residential Mortgage, Inc. 1480 N 2200 W SALT LAKE CITY, UT 84116 |
* | $ -1,000 | 3 | $ 655,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ -1,000 | 2 | $ 490,000 |
| Click N' Close, Inc. 15301 SPECTRUM DRIVE, SUITE 405 ADDISON, TX 75001 |
* | $ -1,000 | 2 | $ 540,000 |
| Nuvision Federal Credit Union 7812 EDINGER AVENUE HUNTINGTON BEACH, CA 92677 |
* | $ 2,369,587,000 | 2 | $ 510,000 |
| Finance of America Mortgage LLC 300 WELSH ROAD BUILDING 5 WILMINGTON, DE 19044 |
* | $ -1,000 | 2 | $ 510,000 |
| Home Point Financial Corporation 1194 OAK VALLEY DRIVE, SUITE 80 ANN ARBOR, MI 48108 |
* | $ -1,000 | 2 | $ 580,000 |
| PennyMac Loan Services LLC 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
* | $ -1,000 | 1 | $ 215,000 |
| loanDepot.com LLC 6561 IRVINE CENTER DRIVE IRVINE, CA 92618 |
* | $ -1,000 | 1 | $ 285,000 |
| JPMorgan Chase Bank, NA 1111 POLARIS PARKWAY COLUMBUS, OH 43240 |
* | $ 2,337,646,000,000 | 1 | $ 155,000 |
| Amerisave Mortgage Company 1200 ALTMORE AVENUE BUILDING 2 SUITE 300 SANDY SPRINGS, GA 30342 |
* | $ -1,000 | 1 | $ 375,000 |
| USAA Federal Savings Bank 10750 MCDERMOTT FREEWAY SAN ANTONIO, TX 78288 |
* | $ 88,826,789,000 | 1 | $ 295,000 |
| American Financing Corporation 3045 S PARKER RD BUILDING B AURORA, CO 80014 |
* | $ -1,000 | 1 | $ 115,000 |
| First National Bank Alaska 101 W 36TH AVE, STE 305 ANCHORAGE, AK 99501 |
* | $ 3,808,254,000 | 1 | $ 205,000 |
The tables below break down 2020 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 2020
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 | 28 | $6,770,000 | $241,000 | $455,000 | $113,000 | $253,000 |
| Refinancing | 20 | $5,430,000 | $271,000 | $525,000 | $122,000 | $215,000 |
| Cash-out Refinancing | 11 | $2,515,000 | $228,000 | $435,000 | $121,000 | $420,000 |
| Home Improvement | 2 | $230,000 | $115,000 | $205,000 | $212,000 | $212,000 |
| Other Purpose | 2 | $120,000 | $60,000 | $105,000 | $125,000 | $125,000 |
| Not Applicable | 1 | $215,000 | $215,000 | $215,000 | $0 | $0 |
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 | $8,090,000 | $224,000 | $525,000 | $113,000 | $420,000 |
| White | 21 | $5,405,000 | $257,000 | $455,000 | $121,000 | $193,000 |
| Not Provided | 3 | $735,000 | $245,000 | $415,000 | $135,000 | $181,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $470,000 | $235,000 | $235,000 | $141,000 | $141,000 |
| Not applicable | 1 | $215,000 | $215,000 | $215,000 | $0 | $0 |
| Asian | 1 | $365,000 | $365,000 | $365,000 | $146,000 | $146,000 |
| 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) | 35 | $7,365,000 | $210,000 | $455,000 | $126,000 | $420,000 |
| FHA-insured (Federal Housing Administration) | 13 | $3,055,000 | $235,000 | $365,000 | $109,000 | $161,000 |
| VA-guaranteed (Veterans Administration) | 13 | $4,135,000 | $318,000 | $525,000 | $104,000 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $725,000 | $241,000 | $285,000 | $88,000 | $128,000 |
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 | 33 | $8,585,000 | $260,000 | $525,000 | $124,000 | $253,000 |
| Application Withdrawn By Applicant | 12 | $2,630,000 | $219,000 | $415,000 | $123,000 | $420,000 |
| Loan Purchased By The Institution | 8 | $2,320,000 | $290,000 | $435,000 | $107,000 | $164,000 |
| Application Denied By Financial Institution | 7 | $1,115,000 | $159,000 | $385,000 | $95,000 | $130,000 |
| Application Approved But Not Accepted | 2 | $480,000 | $240,000 | $365,000 | $123,000 | $146,000 |
| File Closed For Incompleteness | 2 | $150,000 | $75,000 | $135,000 | $105,000 | $125,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 57 | $14,165,000 | $248,000 | $525,000 | $121,000 | $420,000 |
| Other | 3 | $715,000 | $238,000 | $385,000 | $104,000 | $128,000 |
| Credit History | 3 | $225,000 | $75,000 | $105,000 | $130,000 | $130,000 |
| Collateral | 1 | $175,000 | $175,000 | $175,000 | $45,000 | $45,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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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