Petersburg, AK Mortgage Lenders & HMDA Data, 2024

In 2024, lenders reported 26 mortgage applications in Petersburg, AK totaling $7.7 million. The average application was for $294,000, and applicants reported an average income of $140,000. 46% of applications resulted in an originated loan and 8% were denied. The most active lender was Guaranteed Rate, Inc., with 7 applications, followed by Movement Mortgage, LLC and Newrez LLC.

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Years 2025  2024  
Total Number of Mortgage Applications 26
Total Mortgage Loan Application Amount $7,660,000
Average Mortgage Loan Application Amount $294,000
Highest Mortgage Loan Application Amount $525,000
Average Applicant Income $140,000
Highest Applicant Income $235,000
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Top Mortgage Lenders in Petersburg, AK (2024)

Ranked by the number of mortgage applications each lender reported in Petersburg, AK in 2024.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Guaranteed Rate, Inc.
Chicago, IL
7 $2,095,000 $299,000 $165,000
2 Movement Mortgage, LLC
Indian Land, SC
3 $1,065,000 $355,000 $155,000
3 Newrez LLC
Fort Washington, PA
2 $620,000 $310,000 $0
4 Mortgage Research Center
Columbia, MO
2 $500,000 $250,000 $119,000
5 Amerihome Mortgage Company, LLC
Thousand Oaks, CA
2 $540,000 $270,000 $0
6 PennyMac Loan Services LLC
Westlake Village, CA
2 $940,000 $470,000 $0
7 Wells Fargo Bank NA
Minneapolis, MN
1 $275,000 $275,000 $108,000
8 First National Bank Alaska
Anchorage, AK
1 $285,000 $285,000 $149,000
9 Navy Federal Credit Union
Vienna, VA
1 $55,000 $55,000 $116,000
10 Bank of America NA
Westlake Village, CA
1 $105,000 $105,000 $155,000

See every lender active in Petersburg, AK in 2024 »

The tables below break down 2024 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 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
Home Purchase 13 $4,105,000 $315,000 $525,000 $150,000 $235,000
Refinancing 5 $2,025,000 $405,000 $475,000 $105,000 $105,000
Cash-out Refinancing 4 $1,060,000 $265,000 $285,000 $139,000 $168,000
Home Improvement 2 $160,000 $80,000 $105,000 $135,000 $155,000
Other Purpose 2 $310,000 $155,000 $285,000 $111,000 $142,000
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 18 $5,460,000 $303,000 $525,000 $140,000 $235,000
Not applicable 3 $665,000 $221,000 $285,000 $0 $0
Not Provided 3 $785,000 $261,000 $275,000 $125,000 $168,000
American Indian or Alaskan Native 1 $275,000 $275,000 $275,000 $133,000 $133,000
Asian 1 $475,000 $475,000 $475,000 $182,000 $182,000
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) 16 $4,350,000 $271,000 $525,000 $146,000 $235,000
FHA-insured (Federal Housing Administration) 5 $1,695,000 $339,000 $475,000 $99,000 $149,000
VA-guaranteed (Veterans Administration) 4 $1,160,000 $290,000 $315,000 $132,000 $157,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $455,000 $455,000 $455,000 $147,000 $147,000

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 12 $3,780,000 $315,000 $525,000 $146,000 $235,000
File Closed For Incompleteness 5 $1,615,000 $323,000 $475,000 $156,000 $157,000
Application Withdrawn By Applicant 4 $1,110,000 $277,000 $315,000 $113,000 $149,000
Loan Purchased By The Institution 3 $665,000 $221,000 $285,000 $0 $0
Application Denied By Financial Institution 2 $490,000 $245,000 $465,000 $123,000 $142,000
Application Approved But Not Accepted 0 $0 $0 $0 $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 24 $7,170,000 $298,000 $525,000 $141,000 $235,000
Unverifiable Information 1 $465,000 $465,000 $465,000 $105,000 $105,000
Collateral 1 $25,000 $25,000 $25,000 $142,000 $142,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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
Other 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.

Download the Alaska Lender List