Sitka, AK Mortgage Lenders & HMDA Data, 2012

In 2012, lenders reported 260 mortgage applications in Sitka, AK totaling $70.5 million, up 8% from 2011. The average application was for $270,000, and applicants reported an average income of $97,000. 56% of applications resulted in an originated loan and 12% were denied. The most active lender was Wells Fargo Bank NA, with 94 applications, followed by First National Bank Alaska and Alaska USA Mortgage Co., LLC.

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Total Number of Mortgage Applications 260
Total Mortgage Loan Application Amount $70,458,000
Average Mortgage Loan Application Amount $270,000
Highest Mortgage Loan Application Amount $673,000
Average Applicant Income $97,000
Highest Applicant Income $492,000

Mortgage Company List for Lending in Sitka, AK for 2012

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,161,490,000,000 94 $ 25,395,000
First National Bank Alaska
101 W 36TH AVE, STE 305
ANCHORAGE, AK 99501
* $ 2,870,340,000 30 $ 7,810,000
Alaska USA Mortgage Co., LLC
PO BOX 196850
ANCHORAGE, AK 99519
* $ 1,485,079,000 18 $ 5,359,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,811,678,000,000 12 $ 2,881,000
Residential Mortgage, LLC
100 CALAIS DRIVE, SUITE 100
ANCHORAGE, AK 99503
* $ 106,268,000 12 $ 3,280,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ 250,000,000 10 $ 3,043,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ 978,405,000 10 $ 2,021,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 52,181,685,000 8 $ 1,553,000
Home Loan Center, Inc.
11115 RUSHMORE DRIVE
CHARLOTTE, NC 28277
* $ 10,000,000 8 $ 2,655,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 14,736,579,000 7 $ 2,369,000
Metlife Bank, N.A.
1555 WEST WALNUT HILL LANE, STE. 200
IRVING, TX 75038
* $ 25,513,620,000 5 $ 1,017,000
Homestreet Bank
601 UNION STREET 2000 TWO UNION SQUARE
SEATTLE, WA 98101
* $ 2,248,472,000 5 $ 1,292,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,288,658,000,000 3 $ 524,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 330,470,810,000 3 $ 1,046,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 3 $ 780,000
First Choice Loan Services Inc.
ONE TOWER CENTER, FLOOR #18
EAST BRUNSWICK, NJ 08816
* $ 669,000,000 2 $ 688,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,459,157,302,000 2 $ 603,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 46,925,466,000 1 $ 268,000
First Federal Bank of Kansas City
6900 EXECUTIVE DR
KANSAS CITY, MO 64120
* $ 374,787,000 1 $ 287,000
The First Bexley Bank
2680 E MAIN STREET
BEXLEY, OH 43209
* $ 186,111,000 1 $ 325,000
First Choice Bank
669 WHITEHEAD ROAD
LAWRENCEVILLE, NJ 08648
* $ 669,292,000 1 $ 309,000
Credit Union 1
1941 ABBOTT RD
ANCHORAGE, AK 99507
* $ 787,832,000 1 $ 200,000
Flagstar Bank NA

TROY, MI 49098
* $ 13,623,469,000 1 $ 271,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 240,651,000 1 $ 300,000
Texas Star Bank SSB
101 GASSAWAY
LOTT, TX 76656
* $ 75,989,000 1 $ 509,000
Sterling Savings Bank
111 N WALL ST
SPOKANE, WA 99201
* $ 9,207,809,000 1 $ 280,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 1 $ 437,000
Roundpoint Mortgage Company
5032 PARKWAY PLAZA BLVD, STE 200
CHARLOTTE, NC 28278
* $ 10,000,000 1 $ 250,000
United Security Financial Corp
930 EAST 6600 SOUTH
MURRAY, UT 84121
* $ 10,000,000 1 $ 509,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ 10,000,000 1 $ 244,000
Ranlife, Inc.
9272 S. 700 E.
SANDY, UT 84070
* $ 3,304,000 1 $ 250,000
Salem VA Credit Union
1970 ROANOKE BLVD BLDG 77 SUITE 12
SALEM, VA 24153
* $ 69,061,000 1 $ 8,000
Global Federal Credit Union
PO BOX 196850
ANCHORAGE, AK 99503
* $ 4,686,877,000 1 $ 25,000

The tables below break down 2012 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 2012

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 210 $57,121,000 $272,000 $673,000 $100,000 $492,000
Home Purchase 39 $11,275,000 $289,000 $520,000 $81,000 $246,000
Home Improvement 11 $2,062,000 $187,000 $350,000 $102,000 $187,000

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 201 $54,588,000 $271,000 $673,000 $100,000 $492,000
Not Provided 30 $7,454,000 $248,000 $404,000 $90,000 $242,000
American Indian or Alaskan Native 17 $4,771,000 $280,000 $469,000 $110,000 $356,000
Not applicable 4 $1,521,000 $380,000 $509,000 $0 $0
Asian 3 $876,000 $292,000 $524,000 $86,000 $162,000
Native Hawaiian or Other Pacific Islander 3 $766,000 $255,000 $313,000 $63,000 $117,000
Hispanic 2 $482,000 $241,000 $290,000 $119,000 $130,000
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) 205 $52,922,000 $258,000 $590,000 $107,000 $492,000
FHA-insured (Federal Housing Administration) 31 $8,882,000 $286,000 $433,000 $83,000 $356,000
VA-guaranteed (Veterans Administration) 19 $7,336,000 $386,000 $673,000 $20,000 $124,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $1,318,000 $263,000 $350,000 $67,000 $98,000

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 146 $39,343,000 $269,000 $673,000 $94,000 $341,000
Application Withdrawn By Applicant 38 $10,621,000 $279,000 $520,000 $120,000 $492,000
Application Denied By Financial Institution 31 $8,210,000 $264,000 $590,000 $106,000 $356,000
Loan Purchased By The Institution 19 $5,592,000 $294,000 $509,000 $66,000 $180,000
File Closed For Incompleteness 18 $4,479,000 $248,000 $475,000 $87,000 $184,000
Application Approved But Not Accepted 8 $2,213,000 $276,000 $481,000 $117,000 $198,000
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
Debt-To-Income Ratio 9 $3,280,000 $364,000 $590,000 $84,000 $140,000
Collateral 6 $1,305,000 $217,000 $350,000 $42,000 $106,000
Credit Application Incomplete 5 $1,010,000 $202,000 $288,000 $163,000 $230,000
Credit History 4 $682,000 $170,000 $325,000 $69,000 $98,000
Other 4 $937,000 $234,000 $278,000 $200,000 $356,000
Unverifiable Information 1 $256,000 $256,000 $256,000 $107,000 $107,000
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.

Download the Alaska Lender List