Mt. Mckinley Bank Mortgage Rates, Fees & Info
Fairbanks, AKLEI: 25490011JA7PP73YY190
Tax ID: 92-0032589
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Mortgage Data
Review & Overview
Mt. Mckinley Bank is a smaller bank specializing in Home Purchase loans. Mt. Mckinley Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top (well, only) market is Fairbanks.Mt. Mckinley Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
157Origination Dollar Volume (All Markets)
$36,995,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| FAIRBANKS, AK (FHA|USDA|VA) | 152 | $35,830,000 | $235,724 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,165,000 | $233,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 144 | $32,590,000 | $226,319 | $0 | 0.00% |
| FHA | 8 | $2,270,000 | $283,750 | $0 | 0.00% |
| VA | 5 | $2,135,000 | $427,000 | $0 | 0.00% |
For 2023, Mt. Mckinley Bank's most frequently originated type of loan was Conventional, with 144 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2023, Mt. Mckinley Bank's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Other, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $36,995,000 | $235,637 | $0 | 0.00% |
For 2023, Mt. Mckinley Bank's most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2023 saw Mt. Mckinley Bank place emphasis on $200k-400k loans with 74 originations, totaling $20,450,000 in origination value.
Applicant Income
Mt. Mckinley Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $75k-100k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $36,995,000 | $235,637 | $0 | 0.00% |
Mt. Mckinley Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
Mt. Mckinley Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.89%
Mt. Mckinley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $36,995,000 | $235,637 |