Prince of Wales-Outer Ketchikan, AK Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 95 mortgage applications in Prince of Wales-Outer Ketchikan, AK totaling $14.6 million, down 30% from 2007. The average application was for $153,000, and applicants reported an average income of $125,000. 33% of applications resulted in an originated loan and 27% were denied. The most active lender was Wells Fargo Bank, NA, with 40 applications, followed by Wells Fargo Fin'l Alaska, Inc and Countrywide Bank FSB.
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| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 95 |
| Total Mortgage Loan Application Amount | $14,591,000 |
| Average Mortgage Loan Application Amount | $153,000 |
| Highest Mortgage Loan Application Amount | $585,000 |
| Average Applicant Income | $125,000 |
| Highest Applicant Income | $979,000 |
Top Mortgage Lenders in Prince of Wales-Outer Ketchikan, AK (2008)
Ranked by the number of mortgage applications each lender reported in Prince of Wales-Outer Ketchikan, AK in 2008.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank, NA Des Moines, IA |
40 | $7,048,000 | $176,000 | $182,000 |
| 2 | Wells Fargo Fin'l Alaska, Inc Des Moines, IA |
15 | $1,808,000 | $120,000 | $62,000 |
| 3 | Countrywide Bank FSB Westlake Village, CA |
8 | $1,111,000 | $138,000 | $102,000 |
| 4 | Gmac Mortgage LLC Ft. Washington, PA |
6 | $778,000 | $129,000 | $168,000 |
| 5 | Credit Union 1 Anchorage, AK |
3 | $331,000 | $110,000 | $58,000 |
| 6 | Alaska USA Mortgage Co., LLC Anchorage, AK |
2 | $249,000 | $124,000 | $64,000 |
| 7 | Qr Lending Inc Madison, WI |
2 | $495,000 | $247,000 | $79,000 |
| 8 | JPMorgan Chase Bank, NA Columbus, OH |
2 | $402,000 | $201,000 | $71,000 |
| 9 | Nfcu Vienna, VA |
1 | $23,000 | $23,000 | $72,000 |
| 10 | Amerisave Mortgage Company Sandy Springs, GA |
1 | $145,000 | $145,000 | $144,000 |
See every lender active in Prince of Wales-Outer Ketchikan, AK in 2008 »
The tables below break down 2008 mortgage applications in Prince of Wales-Outer Ketchikan, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Prince of Wales-Outer Ketchikan, AK in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 57 | $9,616,000 | $168,000 | $585,000 | $155,000 | $979,000 |
| Home Purchase | 23 | $4,310,000 | $187,000 | $360,000 | $96,000 | $826,000 |
| Home Improvement | 15 | $665,000 | $44,000 | $140,000 | $53,000 | $114,000 |
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 | 50 | $7,799,000 | $155,000 | $449,000 | $94,000 | $826,000 |
| American Indian or Alaskan Native | 26 | $2,834,000 | $109,000 | $225,000 | $201,000 | $979,000 |
| Not Provided | 15 | $3,010,000 | $200,000 | $550,000 | $97,000 | $294,000 |
| Hispanic | 3 | $848,000 | $282,000 | $585,000 | $107,000 | $216,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $100,000 | $100,000 | $100,000 | $132,000 | $132,000 |
| Not applicable | 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) | 74 | $11,201,000 | $151,000 | $585,000 | $96,000 | $826,000 |
| FHA-insured (Federal Housing Administration) | 20 | $3,256,000 | $162,000 | $238,000 | $236,000 | $979,000 |
| VA-guaranteed (Veterans Administration) | 1 | $134,000 | $134,000 | $134,000 | $41,000 | $41,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 31 | $6,033,000 | $194,000 | $585,000 | $219,000 | $979,000 |
| Application Denied By Financial Institution | 26 | $3,072,000 | $118,000 | $449,000 | $58,000 | $132,000 |
| Application Withdrawn By Applicant | 18 | $2,439,000 | $135,000 | $550,000 | $113,000 | $696,000 |
| File Closed For Incompleteness | 10 | $1,233,000 | $123,000 | $360,000 | $59,000 | $125,000 |
| Application Approved But Not Accepted | 5 | $944,000 | $188,000 | $238,000 | $89,000 | $132,000 |
| Loan Purchased By The Institution | 5 | $870,000 | $174,000 | $264,000 | $96,000 | $294,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 7 | $917,000 | $131,000 | $193,000 | $85,000 | $132,000 |
| Credit History | 4 | $160,000 | $40,000 | $90,000 | $49,000 | $64,000 |
| Other | 4 | $780,000 | $195,000 | $449,000 | $57,000 | $99,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $183,000 | $183,000 | $183,000 | $23,000 | $23,000 |
| Debt-To-Income Ratio | 1 | $146,000 | $146,000 | $146,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 1 | $53,000 | $53,000 | $53,000 | $49,000 | $49,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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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