Valdez-Cordova, AK Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 314 mortgage applications in Valdez-Cordova, AK totaling $60.7 million, up 49% from 2015. The average application was for $193,000, and applicants reported an average income of $91,000. 47% of applications resulted in an originated loan and 16% were denied. The most active lender was Wells Fargo Bank NA, with 66 applications, followed by First National Bank Alaska and Residential Mortgage, LLC.
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| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 314 |
| Total Mortgage Loan Application Amount | $60,719,000 |
| Average Mortgage Loan Application Amount | $193,000 |
| Highest Mortgage Loan Application Amount | $518,000 |
| Average Applicant Income | $91,000 |
| Highest Applicant Income | $1,872,000 |
Top Mortgage Lenders in Valdez-Cordova, AK (2016)
Ranked by the number of mortgage applications each lender reported in Valdez-Cordova, AK in 2016.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank NA Minneapolis, MN |
66 | $12,279,000 | $186,000 | $98,000 |
| 2 | First National Bank Alaska Anchorage, AK |
36 | $6,978,000 | $193,000 | $71,000 |
| 3 | Residential Mortgage, LLC Anchorage, AK |
36 | $7,903,000 | $219,000 | $86,000 |
| 4 | Alaska USA Mortgage Co., LLC Anchorage, AK |
27 | $5,029,000 | $186,000 | $108,000 |
| 5 | loanDepot.com LLC Irvine, CA |
23 | $3,904,000 | $169,000 | $197,000 |
| 6 | Global Federal Credit Union Anchorage, AK |
20 | $3,580,000 | $179,000 | $96,000 |
| 7 | USAA Federal Savings Bank San Antonio, TX |
13 | $3,041,000 | $233,000 | $93,000 |
| 8 | Northrim Bank Anchorage, AK |
10 | $2,256,000 | $225,000 | $0 |
| 9 | Denali Federal Credit Union Anchorage, AK |
8 | $1,628,000 | $203,000 | $84,000 |
| 10 | Freedom Mortgage Corporation Fishers, IN |
7 | $1,709,000 | $244,000 | $21,000 |
The tables below break down 2016 mortgage applications in Valdez-Cordova, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Valdez-Cordova, AK in 2016
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 | 160 | $34,889,000 | $218,000 | $518,000 | $82,000 | $329,000 |
| Refinancing | 128 | $23,666,000 | $184,000 | $365,000 | $108,000 | $1,872,000 |
| Home Improvement | 26 | $2,164,000 | $83,000 | $245,000 | $62,000 | $157,000 |
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 | 211 | $40,118,000 | $190,000 | $518,000 | $90,000 | $485,000 |
| Not Provided | 41 | $8,985,000 | $219,000 | $410,000 | $102,000 | $500,000 |
| American Indian or Alaskan Native | 28 | $5,260,000 | $187,000 | $444,000 | $150,000 | $1,872,000 |
| Not applicable | 21 | $4,409,000 | $209,000 | $322,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 5 | $1,132,000 | $226,000 | $314,000 | $115,000 | $157,000 |
| Hispanic | 4 | $714,000 | $178,000 | $236,000 | $74,000 | $168,000 |
| Asian | 4 | $101,000 | $25,000 | $77,000 | $48,000 | $75,000 |
| 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) | 214 | $39,347,000 | $183,000 | $518,000 | $104,000 | $1,872,000 |
| VA-guaranteed (Veterans Administration) | 52 | $11,836,000 | $227,000 | $346,000 | $62,000 | $240,000 |
| FHA-insured (Federal Housing Administration) | 39 | $7,722,000 | $198,000 | $444,000 | $68,000 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,814,000 | $201,000 | $257,000 | $54,000 | $69,000 |
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 | 148 | $29,783,000 | $201,000 | $518,000 | $96,000 | $329,000 |
| Loan Purchased By The Institution | 60 | $12,615,000 | $210,000 | $322,000 | $59,000 | $268,000 |
| Application Denied By Financial Institution | 50 | $8,079,000 | $161,000 | $380,000 | $136,000 | $1,872,000 |
| Application Withdrawn By Applicant | 42 | $7,643,000 | $181,000 | $444,000 | $78,000 | $485,000 |
| File Closed For Incompleteness | 8 | $1,437,000 | $179,000 | $410,000 | $25,000 | $70,000 |
| Application Approved But Not Accepted | 6 | $1,162,000 | $193,000 | $268,000 | $80,000 | $163,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $661,000 | $82,000 | $174,000 | $83,000 | $150,000 |
| Debt-To-Income Ratio | 6 | $1,091,000 | $181,000 | $263,000 | $87,000 | $164,000 |
| Collateral | 6 | $1,122,000 | $187,000 | $271,000 | $89,000 | $166,000 |
| Credit Application Incomplete | 6 | $1,259,000 | $209,000 | $380,000 | $102,000 | $168,000 |
| Employment History | 2 | $266,000 | $133,000 | $160,000 | $61,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $29,000 | $29,000 | $29,000 | $120,000 | $120,000 |
| Unverifiable Information | 1 | $123,000 | $123,000 | $123,000 | $102,000 | $102,000 |
| 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.
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