Northwest Arctic, AK Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 28 mortgage applications in Northwest Arctic, AK totaling $7.7 million, down 40% from 2022. The average application was for $275,000, and applicants reported an average income of $154,000. 46% of applications resulted in an originated loan and 29% were denied. The most active lender was Global Federal Credit Union, with 15 applications, followed by Wells Fargo Bank NA and First National Bank Alaska.
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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 | 28 |
| Total Mortgage Loan Application Amount | $7,700,000 |
| Average Mortgage Loan Application Amount | $275,000 |
| Highest Mortgage Loan Application Amount | $655,000 |
| Average Applicant Income | $154,000 |
| Highest Applicant Income | $726,000 |
Top Mortgage Lenders in Northwest Arctic, AK (2023)
Ranked by the number of mortgage applications each lender reported in Northwest Arctic, AK in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Global Federal Credit Union Anchorage, AK |
15 | $4,145,000 | $276,000 | $169,000 |
| 2 | Wells Fargo Bank NA Minneapolis, MN |
3 | $585,000 | $195,000 | $69,000 |
| 3 | First National Bank Alaska Anchorage, AK |
3 | $935,000 | $311,000 | $147,000 |
| 4 | Homeowners Financial Group, LLC Scottsdale, AZ |
2 | $410,000 | $205,000 | $86,000 |
| 5 | Spirit of Alaska Federal Credit Union Fairbanks, AK |
1 | $655,000 | $655,000 | $381,000 |
| 6 | loanDepot.com LLC Irvine, CA |
1 | $105,000 | $105,000 | $46,000 |
| 7 | Newrez LLC Fort Washington, PA |
1 | $225,000 | $225,000 | $132,000 |
| 8 | Guild Mortgage Company San Diego, CA |
1 | $415,000 | $415,000 | $138,000 |
| 9 | United Wholesale Mortgage Plymouth, MI |
1 | $225,000 | $225,000 | $167,000 |
The tables below break down 2023 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 2023
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 | 19 | $6,655,000 | $350,000 | $655,000 | $177,000 | $726,000 |
| Cash-out Refinancing | 6 | $750,000 | $125,000 | $175,000 | $77,000 | $203,000 |
| Home Improvement | 1 | $155,000 | $155,000 | $155,000 | $228,000 | $228,000 |
| Not Applicable | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Other Purpose | 1 | $35,000 | $35,000 | $35,000 | $100,000 | $100,000 |
| Refinancing | 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 | 21 | $5,215,000 | $248,000 | $655,000 | $124,000 | $381,000 |
| White | 6 | $2,380,000 | $396,000 | $565,000 | $258,000 | $726,000 |
| Not applicable | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 21 | $5,805,000 | $276,000 | $655,000 | $168,000 | $726,000 |
| FHA-insured (Federal Housing Administration) | 7 | $1,895,000 | $270,000 | $565,000 | $112,000 | $217,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 13 | $4,395,000 | $338,000 | $615,000 | $194,000 | $726,000 |
| Application Denied By Financial Institution | 8 | $1,490,000 | $186,000 | $585,000 | $87,000 | $200,000 |
| Application Withdrawn By Applicant | 3 | $495,000 | $165,000 | $325,000 | $137,000 | $228,000 |
| File Closed For Incompleteness | 1 | $165,000 | $165,000 | $165,000 | $59,000 | $59,000 |
| Loan Purchased By The Institution | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $395,000 | $395,000 | $395,000 | $86,000 | $86,000 |
| Preapproval Denied by Financial Institution | 1 | $655,000 | $655,000 | $655,000 | $381,000 | $381,000 |
| Preapproval 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 | 19 | $5,555,000 | $292,000 | $615,000 | $171,000 | $726,000 |
| Collateral | 3 | $1,045,000 | $348,000 | $585,000 | $131,000 | $200,000 |
| Credit History | 3 | $305,000 | $101,000 | $165,000 | $52,000 | $60,000 |
| Debt-To-Income Ratio | 2 | $690,000 | $345,000 | $655,000 | $240,000 | $381,000 |
| Credit Application Incomplete | 1 | $105,000 | $105,000 | $105,000 | $46,000 | $46,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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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