Skagway-Hoonah-Angoon, AK Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 137 mortgage applications in Skagway-Hoonah-Angoon, AK totaling $22.7 million, up 21% from 2006. The average application was for $165,000, and applicants reported an average income of $83,000. 34% of applications resulted in an originated loan and 33% were denied. The most active lender was Wells Fargo Bank, NA, with 42 applications, followed by Wells Fargo Fin'l Alaska, Inc and Residential Mortgage, LLC.

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Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 137
Total Mortgage Loan Application Amount $22,658,000
Average Mortgage Loan Application Amount $165,000
Highest Mortgage Loan Application Amount $475,000
Average Applicant Income $83,000
Highest Applicant Income $639,000
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Top Mortgage Lenders in Skagway-Hoonah-Angoon, AK (2007)

Ranked by the number of mortgage applications each lender reported in Skagway-Hoonah-Angoon, AK in 2007.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank, NA
Des Moines, IA
42 $7,575,000 $180,000 $85,000
2 Wells Fargo Fin'l Alaska, Inc
Des Moines, IA
20 $2,680,000 $134,000 $64,000
3 Residential Mortgage, LLC
Anchorage, AK
14 $2,285,000 $163,000 $66,000
4 Countrywide Home Loans
Westlake Village, CA
8 $1,240,000 $155,000 $164,000
5 First National Bank Alaska
Anchorage, AK
5 $787,000 $157,000 $29,000
6 Wells Fargo Funding, Inc
Winston-Salem, NC
5 $1,273,000 $254,000 $89,000
7 Gmac Mortgage LLC
Ft. Washington, PA
5 $1,114,000 $222,000 $44,000
8 Indymac Bank, F.S.B.
Pasadena, CA
4 $525,000 $131,000 $53,000
9 Countrywide Bank FSB
Westlake Village, CA
4 $405,000 $101,000 $215,000
10 Keybank National Association
Cleveland, OH
2 $75,000 $37,000 $86,000

See every lender active in Skagway-Hoonah-Angoon, AK in 2007 »

The tables below break down 2007 mortgage applications in Skagway-Hoonah-Angoon, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Skagway-Hoonah-Angoon, AK in 2007

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 66 $10,228,000 $154,000 $419,000 $95,000 $639,000
Home Purchase 55 $10,739,000 $195,000 $475,000 $70,000 $154,000
Home Improvement 16 $1,691,000 $105,000 $274,000 $81,000 $211,000

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 90 $16,267,000 $180,000 $475,000 $95,000 $639,000
Not Provided 26 $3,646,000 $140,000 $252,000 $76,000 $151,000
American Indian or Alaskan Native 14 $1,517,000 $108,000 $300,000 $51,000 $104,000
Not applicable 4 $992,000 $248,000 $455,000 $0 $0
Asian 2 $226,000 $113,000 $196,000 $89,000 $120,000
Native Hawaiian or Other Pacific Islander 1 $10,000 $10,000 $10,000 $18,000 $18,000
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 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) 130 $21,166,000 $162,000 $475,000 $85,000 $639,000
FHA-insured (Federal Housing Administration) 7 $1,492,000 $213,000 $308,000 $62,000 $80,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 46 $8,568,000 $186,000 $455,000 $101,000 $639,000
Application Denied By Financial Institution 45 $6,240,000 $138,000 $253,000 $71,000 $210,000
Application Withdrawn By Applicant 17 $2,649,000 $155,000 $475,000 $62,000 $131,000
Loan Purchased By The Institution 16 $2,975,000 $185,000 $455,000 $82,000 $639,000
Application Approved But Not Accepted 9 $1,852,000 $205,000 $356,000 $119,000 $194,000
File Closed For Incompleteness 4 $374,000 $93,000 $124,000 $47,000 $116,000
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 $1,838,000 $153,000 $226,000 $69,000 $136,000
Other 5 $760,000 $152,000 $236,000 $106,000 $151,000
Debt-To-Income Ratio 4 $555,000 $138,000 $252,000 $86,000 $132,000
Credit History 3 $245,000 $81,000 $117,000 $50,000 $70,000
Insufficient Cash (Downpayment, Closing Cost) 1 $171,000 $171,000 $171,000 $27,000 $27,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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