Yukon-Koyukuk, AK Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 46 mortgage applications in Yukon-Koyukuk, AK totaling $4.2 million, down 16% from 2007. The average application was for $90,000, and applicants reported an average income of $67,000. 22% of applications resulted in an originated loan and 41% were denied. The most active lender was Wells Fargo Bank, NA, with 16 applications, followed by Wells Fargo Fin'l Alaska, Inc and Countrywide Bank FSB.

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Total Number of Mortgage Applications 46
Total Mortgage Loan Application Amount $4,160,000
Average Mortgage Loan Application Amount $90,000
Highest Mortgage Loan Application Amount $246,000
Average Applicant Income $67,000
Highest Applicant Income $240,000
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Top Mortgage Lenders in Yukon-Koyukuk, AK (2008)

Ranked by the number of mortgage applications each lender reported in Yukon-Koyukuk, AK in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank, NA
Des Moines, IA
16 $1,435,000 $89,000 $65,000
2 Wells Fargo Fin'l Alaska, Inc
Des Moines, IA
8 $790,000 $98,000 $74,000
3 Countrywide Bank FSB
Westlake Village, CA
2 $235,000 $117,000 $85,000
4 Mt McKinley Bank
Fairbanks, AK
2 $250,000 $125,000 $80,000
5 First National Bank Alaska
Anchorage, AK
2 $79,000 $39,000 $64,000
6 Bank of America, N.A.
Calabasas, CA
2 $78,000 $39,000 $49,000
7 Citimortgage, Inc
New York, NY
2 $180,000 $90,000 $32,000
8 Gmac Mortgage LLC
Ft. Washington, PA
2 $291,000 $145,000 $170,000
9 Freedom Mortgage Corp.
Fishers, IN
1 $78,000 $78,000 $46,000
10 Mortgage Research Center, LLC
Columbia, MO
1 $100,000 $100,000 $50,000

See every lender active in Yukon-Koyukuk, AK in 2008 »

The tables below break down 2008 mortgage applications in Yukon-Koyukuk, AK by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Yukon-Koyukuk, AK in 2008

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 24 $2,278,000 $94,000 $213,000 $67,000 $240,000
Home Improvement 12 $793,000 $66,000 $246,000 $56,000 $136,000
Home Purchase 10 $1,089,000 $108,000 $220,000 $79,000 $148,000

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 24 $2,583,000 $107,000 $246,000 $74,000 $240,000
American Indian or Alaskan Native 11 $723,000 $65,000 $234,000 $59,000 $136,000
Not Provided 10 $754,000 $75,000 $190,000 $60,000 $108,000
Not applicable 1 $100,000 $100,000 $100,000 $50,000 $50,000
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 36 $3,238,000 $89,000 $234,000 $72,000 $240,000
FHA-insured (Federal Housing Administration) 5 $491,000 $98,000 $246,000 $49,000 $81,000
VA-guaranteed (Veterans Administration) 5 $431,000 $86,000 $112,000 $51,000 $60,000
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
Application Denied By Financial Institution 19 $1,302,000 $68,000 $220,000 $59,000 $148,000
Loan Originated 10 $890,000 $89,000 $120,000 $61,000 $135,000
File Closed For Incompleteness 6 $867,000 $144,000 $234,000 $97,000 $240,000
Application Approved But Not Accepted 5 $430,000 $86,000 $147,000 $71,000 $84,000
Application Withdrawn By Applicant 5 $571,000 $114,000 $246,000 $73,000 $88,000
Loan Purchased By The Institution 1 $100,000 $100,000 $100,000 $50,000 $50,000
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 9 $666,000 $74,000 $120,000 $60,000 $148,000
Credit History 2 $22,000 $11,000 $12,000 $40,000 $46,000
Employment History 1 $3,000 $3,000 $3,000 $52,000 $52,000
Insufficient Cash (Downpayment, Closing Cost) 1 $49,000 $49,000 $49,000 $61,000 $61,000
Other 1 $44,000 $44,000 $44,000 $37,000 $37,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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