Mt. Mckinley Bank Mortgage Rates, Fees & Info

Fairbanks, AK

LEI: 25490011JA7PP73YY190

Tax ID: 92-0032589

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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

    130

    Origination Dollar Volume (All Markets)

    $28,440,000

    Top Markets

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    Market Originations Total Value Average Loan Average Fees Average Rate
    FAIRBANKS, AK (FHA|USDA|VA) 123 $27,285,000 $221,829 $0 0.00%
    Outside of Metro Areas 7 $1,155,000 $165,000 $0 0.00%
    Mt. Mckinley Bank's top markets include and Fairbanks among others.

    Their top states include:
  • Alaska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $21,770,000 $197,909 $0 0.00%
    FHA 11 $3,875,000 $352,273 $0 0.00%
    VA 9 $2,795,000 $310,556 $0 0.00%

    For 2024, Mt. Mckinley Bank's most frequently originated type of loan was Conventional, with 110 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $24,070,000 $256,064 $0 0.00%
    Other 14 $1,090,000 $77,857 $0 0.00%
    Cash Out Refi 8 $1,160,000 $145,000 $0 0.00%
    Home Improvement 7 $455,000 $65,000 $0 0.00%
    Refi 7 $1,665,000 $237,857 $0 0.00%

    For 2024, Mt. Mckinley Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Other, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $28,440,000 $218,769 $0 0.00%

    For 2024, Mt. Mckinley Bank's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $17,760,000 $286,452 $0 0.00%
    $100,000 or less 31 $1,835,000 $59,194 $0 0.00%
    $100k-200k 27 $4,145,000 $153,519 $0 0.00%
    $400k-600k 9 $3,945,000 $438,333 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2024 saw Mt. Mckinley Bank place emphasis on $200k-400k loans with 62 originations, totaling $17,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $9,920,000 $225,455 $0 0.00%
    $150k-250k 33 $8,425,000 $255,303 $0 0.00%
    $50k-75k 23 $3,655,000 $158,913 $0 0.00%
    $75k-100k 19 $3,575,000 $188,158 $0 0.00%
    $250k+ 4 $1,230,000 $307,500 $0 0.00%
    $50k or less 3 $455,000 $151,667 $0 0.00%

    Mt. Mckinley Bank lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $28,440,000 $218,769 $0 0.00%

    Mt. Mckinley Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $24,500,000 $214,912 $0 0.00%
    American Indian 5 $1,295,000 $259,000 $0 0.00%
    Asian 4 $1,100,000 $275,000 $0 0.00%
    Black 5 $915,000 $183,000 $0 0.00%
    Not applicable 1 $485,000 $485,000 $0 0.00%
    Chinese 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.29%

    Mt. Mckinley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.85%

    Mt. Mckinley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $28,440,000 $218,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $28,440,000 $218,769