Sitka, AK Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 326 mortgage applications in Sitka, AK totaling $86.4 million, down 16% from 2007. The average application was for $264,000, and applicants reported an average income of $99,000. 43% of applications resulted in an originated loan and 15% were denied. The most active lender was Wells Fargo Bank, NA, with 104 applications, followed by Qr Lending Inc and First National Bank Alaska.
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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 | 326 |
| Total Mortgage Loan Application Amount | $86,366,000 |
| Average Mortgage Loan Application Amount | $264,000 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $99,000 |
| Highest Applicant Income | $1,394,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Wells Fargo Bank, NA 1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042 DES MOINES, IA 50328 |
* | $ 467,861,000,000 | 104 | $ 26,237,000 |
| Qr Lending Inc 555 ZOR SHRINE PLACE MADISON, WI 53719 |
* | $ 1,093,327,000 | 33 | $ 9,836,000 |
| First National Bank Alaska 101 W 36TH AVE, STE 305 ANCHORAGE, AK 99501 |
* | $ 2,309,832,000 | 28 | $ 7,847,000 |
| JPMorgan Chase Bank, NA 1111 POLARIS PARKWAY COLUMBUS, OH 43240 |
* | $ 1,318,888,000,000 | 25 | $ 8,058,000 |
| Wells Fargo Fin'l Alaska, Inc 800 WALNUT ST, 6TH FLOOR, MAC F4031-061 DES MOINES, IA 50309 |
* | $ 36,752,895,000 | 23 | $ 4,997,000 |
| Countrywide Bank FSB 30930 RUSSELL RANCH ROAD MS CA6-916-02-0 WESTLAKE VILLAGE, CA 91362 |
* | $ 121,054,736,000 | 20 | $ 5,777,000 |
| Suntrust Mortgage, Inc 901 SEMMES AVENUE RICHMOND, VA 23224 |
* | $ 175,107,526,000 | 14 | $ 3,791,000 |
| Residential Mortgage, LLC 100 CALAIS DRIVE ANCHORAGE, AK 99515 |
* | $ 10,000,000 | 12 | $ 2,476,000 |
| USAA Federal Savings Bank 10750 MCDERMOTT FREEWAY SAN ANTONIO, TX 78288 |
* | $ 30,219,506,000 | 7 | $ 1,793,000 |
| Gmac Mortgage LLC 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 31,000,000 | 6 | $ 1,646,000 |
| Alaska USA Mortgage Co., LLC PO BOX 196850 ANCHORAGE, AK 99519 |
* | $ 1,485,079,000 | 5 | $ 1,344,000 |
| Wells Fargo Funding, Inc 100 N MAIN STREEET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 25,457,000 | 4 | $ 920,000 |
| Flagstar Bank 5151 CORPORATE DR TROY, MI 48098 |
* | $ 15,757,171,000 | 4 | $ 1,321,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 4 | $ 854,000 |
| US Bank, N.A. 777 EAST WISCONSIN AVE MILWAUKEE, WI 53202 |
* | $ 232,759,503,000 | 3 | $ 972,000 |
| Assurity Financial Services 6025 SOUTH QUEBEC STREET, #260 ENGLEWOOD, CO 80111 |
* | $ 10,000,000 | 3 | $ 521,000 |
| First Residential Mortgage 9721 ORMSBY STATION RD. LOUISVILLE, KY 40223 |
* | $ 10,000,000 | 3 | $ 801,000 |
| PHH Mortgage Corporation WEST PALM BEACH, FL 33409 |
* | $ 31,000,000 | 2 | $ 342,000 |
| National City Bank 1900 E NINTH ST LOC 01-3144 CLEVELAND, OH 44114 |
* | $ 138,755,343,000 | 2 | $ 645,000 |
| Eloan 9600 WEST BRYN MAWR ROSEMONT, IL 60018 |
* | $ 48,624,000,000 | 2 | $ 676,000 |
| Ally Bank F/K/A/ Gmac Bank 1100 VIRGINIA DRIVE FT. WASHINGTON, PA 19034 |
* | $ 28,404,352,000 | 2 | $ 472,000 |
| Credit Union 1 1941 ABBOTT RD ANCHORAGE, AK 99507 |
* | $ 540,992,000 | 2 | $ 71,000 |
| M&T Bank 1 M&T PLAZA -15TH FLOOR BUFFALO, NY 14203 |
* | $ 64,072,546,000 | 2 | $ 451,000 |
| Pierce Commercial Bank 1722 SOUTH UNION AVE TACOMA, WA 98405 |
* | $ 246,708,000 | 1 | $ 410,000 |
| Rmr Financial, LLC 16780 LARK AVENUE LOS GATOS, CA 95032 |
* | $ 10,000,000 | 1 | $ 136,000 |
| True North Federal Credit Union 2777 POSTAL WAY JUNEAU, AK 99801 |
* | $ 92,026,000 | 1 | $ 86,000 |
| The Huntington National Bank 7575 HUNTINGTON PARK DR COLUMBUS, OH 43235 |
* | $ 54,098,791,000 | 1 | $ 380,000 |
| Charles Schwab Bank 211 MAIN STREET SAN FRANCISCO, CA 94105 |
* | $ 14,762,983,000 | 1 | $ 87,000 |
| Desert Hills Bank 3001 E. CAMELBACK ROAD PHOENIX, AZ 85016 |
* | $ 496,773,000 | 1 | $ 202,000 |
| Bank of America, N.A. 4500 PARK GRANADA CALABASAS, CA 91302 |
* | $ 1,312,794,218,000 | 1 | $ 360,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 11,238,962,000 | 1 | $ 291,000 |
| New Day Financial, Llc. 360 SOUTH ROSEMARY AVENUE SUITE 1900 WEST PALM BEACH, FL 33401 |
* | $ 4,088,336,000 | 1 | $ 53,000 |
| Amerisave Mortgage Company 1200 ALTMORE AVENUE BUILDING 2 SUITE 300 SANDY SPRINGS, GA 30342 |
* | $ 8,994,122,000 | 1 | $ 293,000 |
| Taylor, Bean & Whitaker 315 NE 14TH STREET OCALA, FL 34470 |
* | $ 10,000,000 | 1 | $ 268,000 |
| Churchill Mortgage Corporation 761 OLD HICKORY BLVD, SUITE 400 BRENTWOOD, TN 37027 |
* | $ 10,000,000 | 1 | $ 318,000 |
| Agwest Farm Credit, Flca 2001 SOUTH FLINT ROAD SPOKANE, WA 99224 |
* | $ 4,658,882,000 | 1 | $ 550,000 |
The tables below break down 2008 mortgage applications in Sitka, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Sitka, 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 | 199 | $52,352,000 | $263,000 | $625,000 | $93,000 | $610,000 |
| Home Purchase | 92 | $28,008,000 | $304,000 | $700,000 | $118,000 | $1,394,000 |
| Home Improvement | 35 | $6,006,000 | $171,000 | $607,000 | $80,000 | $220,000 |
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 | 223 | $59,200,000 | $265,000 | $625,000 | $102,000 | $610,000 |
| Not Provided | 35 | $10,582,000 | $302,000 | $522,000 | $105,000 | $226,000 |
| American Indian or Alaskan Native | 32 | $6,780,000 | $211,000 | $700,000 | $98,000 | $1,394,000 |
| Not applicable | 25 | $6,566,000 | $262,000 | $625,000 | $69,000 | $190,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,443,000 | $288,000 | $367,000 | $72,000 | $96,000 |
| Asian | 4 | $1,148,000 | $287,000 | $333,000 | $76,000 | $136,000 |
| Hispanic | 2 | $647,000 | $323,000 | $325,000 | $79,000 | $95,000 |
| 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) | 282 | $72,265,000 | $256,000 | $625,000 | $101,000 | $1,394,000 |
| FHA-insured (Federal Housing Administration) | 30 | $8,771,000 | $292,000 | $560,000 | $78,000 | $220,000 |
| VA-guaranteed (Veterans Administration) | 14 | $5,330,000 | $380,000 | $700,000 | $106,000 | $243,000 |
| 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 | 141 | $36,309,000 | $257,000 | $700,000 | $98,000 | $439,000 |
| Application Withdrawn By Applicant | 50 | $14,353,000 | $287,000 | $522,000 | $106,000 | $610,000 |
| Application Denied By Financial Institution | 49 | $12,108,000 | $247,000 | $565,000 | $112,000 | $1,394,000 |
| Loan Purchased By The Institution | 38 | $9,905,000 | $260,000 | $625,000 | $70,000 | $190,000 |
| File Closed For Incompleteness | 29 | $8,106,000 | $279,000 | $568,000 | $85,000 | $217,000 |
| Application Approved But Not Accepted | 19 | $5,585,000 | $293,000 | $449,000 | $132,000 | $400,000 |
| 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 | 12 | $3,124,000 | $260,000 | $560,000 | $217,000 | $1,394,000 |
| Debt-To-Income Ratio | 9 | $2,830,000 | $314,000 | $565,000 | $91,000 | $262,000 |
| Credit History | 6 | $560,000 | $93,000 | $315,000 | $68,000 | $138,000 |
| Credit Application Incomplete | 5 | $2,018,000 | $403,000 | $536,000 | $89,000 | $150,000 |
| Other | 5 | $1,352,000 | $270,000 | $479,000 | $103,000 | $171,000 |
| 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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