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 |
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 |
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.
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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