Wrangell-Petersburg, AK Mortgage Lenders & HMDA Data, 2003

In 2003, lenders reported 258 mortgage applications in Wrangell-Petersburg, AK totaling $27.6 million. The average application was for $106,000, and applicants reported an average income of $94,000. 52% of applications resulted in an originated loan and 23% were denied. The most active lender was Wells Fargo Home Mortgage, with 109 applications, followed by Wells Fargo Bank, NA and Wells Fargo Fin'l Alaska, Inc.

Looking for lender-specific data?
Download a formatted spreadsheet with aggregated HMDA statistics for all lenders based in Alaska.
Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 258
Total Mortgage Loan Application Amount $27,551,000
Average Mortgage Loan Application Amount $106,000
Highest Mortgage Loan Application Amount $405,000
Average Applicant Income $94,000
Highest Applicant Income $4,192,000
Download the Alaska Lender List

Top Mortgage Lenders in Wrangell-Petersburg, AK (2003)

Ranked by the number of mortgage applications each lender reported in Wrangell-Petersburg, AK in 2003.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Home Mortgage
Des Moines, IA
109 $15,629,000 $143,000 $186,000
2 Wells Fargo Bank, NA
Des Moines, IA
46 $2,828,000 $61,000 $42,000
3 Wells Fargo Fin'l Alaska, Inc
Des Moines, IA
33 $1,732,000 $52,000 $55,000
4 Wells Fargo Bank Nevada, NA
San Antonio, TX
10 $192,000 $19,000 $74,000
5 Gmac Mortgage LLC
Ft. Washington, PA
7 $680,000 $97,000 $48,000
6 Wells Fargo Funding, Inc
Winston-Salem, NC
7 $832,000 $118,000 $68,000
7 Residential Mortgage, LLC
Anchorage, AK
7 $1,068,000 $152,000 $85,000
8 Ameriquest Mortgage Company
Orange, CA
5 $398,000 $79,000 $54,000
9 E-Loan, Inc.
Pleasanton, CA
4 $531,000 $132,000 $60,000
10 Countrywide Home Loans
Westlake Village, CA
4 $704,000 $176,000 $58,000

See every lender active in Wrangell-Petersburg, AK in 2003 »

The tables below break down 2003 mortgage applications in Wrangell-Petersburg, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Wrangell-Petersburg, AK in 2003

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 (home purchase or home improvement, one-to-four family) 216 $23,089,000 $106,000 $307,000 $56,000 $509,000
Home Purchase (one-to-four family) 28 $4,172,000 $149,000 $405,000 $255,000 $4,192,000
Home Improvement (one-to-four family) 14 $290,000 $20,000 $68,000 $60,000 $281,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0

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 146 $16,183,000 $110,000 $405,000 $140,000 $4,192,000
Information not provided by applicant in mail or telephone application 76 $8,407,000 $110,000 $298,000 $67,000 $509,000
American Indian or Alaskan Native 23 $1,869,000 $81,000 $246,000 $40,000 $91,000
Other 6 $413,000 $68,000 $150,000 $35,000 $66,000
Not applicable 4 $298,000 $74,000 $110,000 $0 $0
Asian or Pacific Islander 2 $284,000 $142,000 $142,000 $40,000 $40,000
Hispanic 1 $97,000 $97,000 $97,000 $74,000 $74,000
Black 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) 244 $25,645,000 $105,000 $405,000 $99,000 $4,192,000
FHA-insured (Federal Housing Administration) 9 $1,096,000 $121,000 $142,000 $77,000 $156,000
VA-guaranteed (Veterans Administration) 5 $810,000 $162,000 $205,000 $29,000 $82,000
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 134 $17,503,000 $130,000 $405,000 $61,000 $281,000
Application Denied By Financial Institution 59 $3,625,000 $61,000 $279,000 $49,000 $168,000
Application Withdrawn By Applicant 23 $2,177,000 $94,000 $307,000 $512,000 $4,192,000
Loan Purchased By The Institution 22 $2,257,000 $102,000 $222,000 $46,000 $156,000
Application Approved But Not Accepted 14 $1,287,000 $91,000 $197,000 $60,000 $109,000
File Closed For Incompleteness 6 $702,000 $117,000 $215,000 $39,000 $82,000

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 16 $466,000 $29,000 $94,000 $39,000 $140,000
Collateral 7 $851,000 $121,000 $279,000 $75,000 $168,000
Other 6 $427,000 $71,000 $121,000 $52,000 $83,000
Debt-To-Income Ratio 5 $370,000 $74,000 $160,000 $48,000 $84,000
Unverifiable Information 3 $334,000 $111,000 $157,000 $36,000 $70,000
Credit Application Incomplete 1 $64,000 $64,000 $64,000 $36,000 $36,000
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