Petersburg, AK Mortgage Lenders & HMDA Data, 2025

In 2025, lenders reported 38 mortgage applications in Petersburg, AK totaling $10.5 million, up 46% from 2024. The average application was for $275,000, and applicants reported an average income of $142,000. 53% of applications resulted in an originated loan and 18% were denied. The most active lender was CMG Mortgage Inc, with 7 applications, followed by Guaranteed Rate, Inc. and Movement Mortgage, LLC.

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Years 2025  2024  
Total Number of Mortgage Applications 38
Total Mortgage Loan Application Amount $10,460,000
Average Mortgage Loan Application Amount $275,000
Highest Mortgage Loan Application Amount $535,000
Average Applicant Income $142,000
Highest Applicant Income $360,000
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Top Mortgage Lenders in Petersburg, AK (2025)

Ranked by the number of mortgage applications each lender reported in Petersburg, AK in 2025.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 CMG Mortgage Inc
San Ramon, IL
7 $2,165,000 $309,000 $171,000
2 Guaranteed Rate, Inc.
Chicago, IL
4 $1,300,000 $325,000 $80,000
3 Movement Mortgage, LLC
Indian Land, SC
4 $1,130,000 $282,000 $77,000
4 Navy Federal Credit Union
Vienna, VA
3 $365,000 $121,000 $143,000
5 Newrez LLC
Fort Washington, PA
2 $610,000 $305,000 $0
6 Plaza Home Mortgage, Inc
San Diego, CA
2 $510,000 $255,000 $357,000
7 US Bank, N.A.
Cincinnati, OH
1 $105,000 $105,000 $182,000
8 Lakeview Loan Servicing, LLC
Coral Gables, FL
1 $235,000 $235,000 $0
9 Freedom Mortgage Corporation
Boca Raton, FL
1 $235,000 $235,000 $54,000
10 Residential Mortgage, LLC
Anchorage, AK
1 $325,000 $325,000 $208,000

See every lender active in Petersburg, AK in 2025 »

The tables below break down 2025 mortgage applications in Petersburg, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Petersburg, AK in 2025

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 21 $6,415,000 $305,000 $535,000 $157,000 $360,000
Cash-out Refinancing 7 $2,145,000 $306,000 $485,000 $113,000 $350,000
Refinancing 5 $1,375,000 $275,000 $305,000 $49,000 $50,000
Other Purpose 4 $420,000 $105,000 $145,000 $157,000 $200,000
Home Improvement 1 $105,000 $105,000 $105,000 $182,000 $182,000
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
White 32 $8,470,000 $264,000 $535,000 $142,000 $357,000
Not Provided 4 $1,300,000 $325,000 $365,000 $165,000 $360,000
Not applicable 1 $455,000 $455,000 $455,000 $0 $0
Hispanic 1 $235,000 $235,000 $235,000 $54,000 $54,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
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) 25 $6,275,000 $251,000 $435,000 $163,000 $360,000
FHA-insured (Federal Housing Administration) 6 $1,760,000 $293,000 $535,000 $78,000 $159,000
VA-guaranteed (Veterans Administration) 6 $1,970,000 $328,000 $485,000 $96,000 $119,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $455,000 $455,000 $455,000 $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 20 $6,130,000 $306,000 $535,000 $137,000 $357,000
Application Denied By Financial Institution 7 $1,445,000 $206,000 $325,000 $122,000 $360,000
File Closed For Incompleteness 4 $870,000 $217,000 $345,000 $186,000 $220,000
Application Approved But Not Accepted 3 $655,000 $218,000 $255,000 $181,000 $305,000
Application Withdrawn By Applicant 3 $905,000 $301,000 $325,000 $155,000 $350,000
Loan Purchased By The Institution 1 $455,000 $455,000 $455,000 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

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 31 $9,015,000 $290,000 $535,000 $148,000 $357,000
Debt-To-Income Ratio 3 $705,000 $235,000 $255,000 $44,000 $50,000
Credit Application Incomplete 2 $400,000 $200,000 $325,000 $244,000 $360,000
Credit History 1 $105,000 $105,000 $105,000 $182,000 $182,000
Collateral 1 $235,000 $235,000 $235,000 $54,000 $54,000
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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