Mt. Mckinley Bank Mortgage Rates, Fees & Info
Fairbanks, AKLEI: 25490011JA7PP73YY190
Tax ID: 92-0032589
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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
231Origination Dollar Volume (All Markets)
$50,375,000Top 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) | 212 | $46,810,000 | $220,802 | $0 | 0.00% |
| Outside of Metro Areas | 19 | $3,565,000 | $187,632 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 208 | $43,320,000 | $208,269 | $0 | 0.00% |
| VA | 18 | $5,780,000 | $321,111 | $0 | 0.00% |
| FHA | 5 | $1,275,000 | $255,000 | $0 | 0.00% |
For 2022, Mt. Mckinley Bank's most frequently originated type of loan was Conventional, with 208 originations. Their 2nd most popular type was VA, with 18 originations.
Loan Reason
For 2022, Mt. Mckinley Bank's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 231 | $50,375,000 | $218,074 | $0 | 0.00% |
For 2022, Mt. Mckinley Bank's most frequently cited loan duration was Other, with 231 originations.
Loan Sizing
2022 saw Mt. Mckinley Bank place emphasis on $200k-400k loans with 103 originations, totaling $29,335,000 in origination value.
Applicant Income
Mt. Mckinley Bank lent most frequently to those with incomes in the $100k-150k range, with 72 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 231 | $50,375,000 | $218,074 | $0 | 0.00% |
Mt. Mckinley Bank lent most frequently to those with DTI ratios of Exempt%, with 231 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.22%
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 origination78.79%
Mt. Mckinley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 231 | $50,375,000 | $218,074 |