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.
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| 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 |
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.
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.
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