Northwest Arctic, AK Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 38 mortgage applications in Northwest Arctic, AK totaling $10.0 million, up 36% from 2023. The average application was for $262,000, and applicants reported an average income of $126,000. 26% of applications resulted in an originated loan and 39% were denied. The most active lender was Global Federal Credit Union, with 9 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 | 38 |
| Total Mortgage Loan Application Amount | $9,980,000 |
| Average Mortgage Loan Application Amount | $262,000 |
| Highest Mortgage Loan Application Amount | $565,000 |
| Average Applicant Income | $126,000 |
| Highest Applicant Income | $494,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Global Federal Credit Union PO BOX 196850 ANCHORAGE, AK 99503 |
* | $ n/a | 9 | $ 1,775,000 |
| Residential Mortgage, LLC 100 CALAIS DRIVE, SUITE 100 ANCHORAGE, AK 99503 |
* | $ n/a | 4 | $ 1,580,000 |
| Wells Fargo Bank NA MINNEAPOLIS, MN 55415 |
* | $ n/a | 3 | $ 625,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ n/a | 3 | $ 1,385,000 |
| loanDepot.com LLC 6561 IRVINE CENTER DRIVE IRVINE, CA 92618 |
* | $ n/a | 2 | $ 480,000 |
| American Financing Corporation 3045 S PARKER RD BUILDING B AURORA, CO 80014 |
* | $ n/a | 2 | $ 110,000 |
| Primary Residential Mortgage, Inc. 1480 N 2200 W SALT LAKE CITY, UT 84116 |
* | $ n/a | 2 | $ 360,000 |
| Discover Bank 12 READS WAY GREENWOOD, DE 19950 |
* | $ n/a | 2 | $ 80,000 |
| Credit Union 1 1941 ABBOTT RD ANCHORAGE, AK 99507 |
* | $ n/a | 2 | $ 280,000 |
| Navy Federal Credit Union 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ n/a | 2 | $ 610,000 |
| Newrez LLC FORT WASHINGTON, PA 19034 |
* | $ n/a | 1 | $ 325,000 |
| Primelending 18111 PRESTON ROAD SUITE 900 DALLAS, TX 75252 |
* | $ n/a | 1 | $ 395,000 |
| First National Bank Alaska 101 W 36TH AVE, STE 305 ANCHORAGE, AK 99501 |
* | $ n/a | 1 | $ 405,000 |
| Guild Mortgage Company 5898 COPLEY DRIVE SAN DIEGO, CA 92111 |
* | $ n/a | 1 | $ 315,000 |
| PennyMac Loan Services LLC 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
* | $ n/a | 1 | $ 565,000 |
| Homeowners Financial Group, LLC 16427 N. SCOTTSDALE ROAD, SUITE 145 SCOTTSDALE, AZ 85251 |
* | $ n/a | 1 | $ 385,000 |
| Village Capital & Investment 2460 PASEO VERDE PKWY SUITE 100 HENDERSON, NV 89074 |
* | $ n/a | 1 | $ 305,000 |
The tables below break down 2024 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 2024
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 18 | $4,610,000 | $256,000 | $475,000 | $117,000 | $494,000 |
| Home Purchase | 12 | $4,140,000 | $345,000 | $565,000 | $144,000 | $307,000 |
| Home Improvement | 4 | $610,000 | $152,000 | $295,000 | $153,000 | $211,000 |
| Other Purpose | 3 | $135,000 | $45,000 | $55,000 | $63,000 | $105,000 |
| Refinancing | 1 | $485,000 | $485,000 | $485,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 20 | $5,220,000 | $261,000 | $485,000 | $106,000 | $266,000 |
| Not Provided | 5 | $515,000 | $103,000 | $185,000 | $78,000 | $190,000 |
| White | 5 | $1,545,000 | $309,000 | $565,000 | $304,000 | $494,000 |
| Not applicable | 3 | $1,195,000 | $398,000 | $565,000 | $0 | $0 |
| Black or African American | 2 | $700,000 | $350,000 | $395,000 | $102,000 | $112,000 |
| Hispanic | 2 | $510,000 | $255,000 | $255,000 | $101,000 | $101,000 |
| Asian | 1 | $295,000 | $295,000 | $295,000 | $60,000 | $60,000 |
| 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) | 23 | $5,215,000 | $226,000 | $485,000 | $137,000 | $494,000 |
| FHA-insured (Federal Housing Administration) | 10 | $2,870,000 | $287,000 | $565,000 | $111,000 | $307,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,895,000 | $379,000 | $475,000 | $103,000 | $106,000 |
| 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 | 15 | $3,725,000 | $248,000 | $485,000 | $84,000 | $141,000 |
| Loan Originated | 10 | $2,980,000 | $298,000 | $565,000 | $159,000 | $307,000 |
| Application Withdrawn By Applicant | 6 | $1,510,000 | $251,000 | $435,000 | $190,000 | $494,000 |
| File Closed For Incompleteness | 4 | $570,000 | $142,000 | $305,000 | $50,000 | $87,000 |
| Loan Purchased By The Institution | 3 | $1,195,000 | $398,000 | $565,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 23 | $6,255,000 | $271,000 | $565,000 | $147,000 | $494,000 |
| Collateral | 4 | $1,280,000 | $320,000 | $475,000 | $88,000 | $106,000 |
| Debt-To-Income Ratio | 4 | $860,000 | $215,000 | $295,000 | $80,000 | $101,000 |
| Credit History | 3 | $585,000 | $195,000 | $485,000 | $21,000 | $21,000 |
| Credit Application Incomplete | 2 | $220,000 | $110,000 | $175,000 | $82,000 | $105,000 |
| Other | 2 | $780,000 | $390,000 | $395,000 | $116,000 | $141,000 |
| Unverifiable Information | 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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