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 |
Top Mortgage Lenders in Northwest Arctic, AK (2024)
Ranked by the number of mortgage applications each lender reported in Northwest Arctic, AK in 2024.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Global Federal Credit Union Anchorage, AK |
9 | $1,775,000 | $197,000 | $221,000 |
| 2 | Residential Mortgage, LLC Anchorage, AK |
4 | $1,580,000 | $395,000 | $198,000 |
| 3 | Wells Fargo Bank NA Minneapolis, MN |
3 | $625,000 | $208,000 | $57,000 |
| 4 | New Day Financial, Llc. West Palm Beach, FL |
3 | $1,385,000 | $461,000 | $104,000 |
| 5 | loanDepot.com LLC Irvine, CA |
2 | $480,000 | $240,000 | $85,000 |
| 6 | American Financing Corporation Aurora, CO |
2 | $110,000 | $55,000 | $18,000 |
| 7 | Primary Residential Mortgage, Inc. Salt Lake City, UT |
2 | $360,000 | $180,000 | $86,000 |
| 8 | Discover Bank Greenwood, DE |
2 | $80,000 | $40,000 | $63,000 |
| 9 | Credit Union 1 Anchorage, AK |
2 | $280,000 | $140,000 | $78,000 |
| 10 | Navy Federal Credit Union Vienna, VA |
2 | $610,000 | $305,000 | $207,000 |
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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