First National Bank Alaska Mortgage Rates, Fees & Info

Anchorage, AK

LEI: 25490089V5DJHFQMOA03

Tax ID: 92-0006595

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    First National Bank Alaska is a smaller bank specializing in Home Purchase loans. First National Bank Alaska 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Anchorage, Fairbanks, Juneau, and Ketchikan among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Alaska 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. First National Bank Alaska is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.26% 11/22/24
    30 Year Conventional Refi 6.35% 11/22/24
    30 Year Cash-out Refi 7.10% 11/22/24
    30 Year FHA Purchase 6.68% 11/22/24
    30 Year FHA Refi 6.27% 11/22/24
    30 Year VA Purchase 5.96% 11/22/24
    30 Year VA Refi 6.27% 11/22/24
    30 Year USDA Purchase 6.60% 11/22/24
    15 Year Conventional Purchase 6.38% 11/22/24
    15 Year Conventional Refi 6.33% 11/22/24
    15 Year Cash-out Refi 6.33% 11/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First National Bank Alaska Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First National Bank Alaska. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    296

    Origination Dollar Volume (All Markets)

    $118,580,000

    Awards

    First National Bank Alaska 30 Year Conventional Loans silver First National Bank Alaska 30 Year Conventional Loans bronze
    Show all (2) awards

    Top 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
    ANCHORAGE, AK (FHA|USDA|VA) 159 $64,315,000 $404,497 $7,196 4.72%
    Outside of Metro Areas 114 $40,920,000 $358,947 $7,138 4.70%
    FAIRBANKS, AK (FHA|USDA|VA) 17 $9,105,000 $535,588 $5,658 4.38%
    Juneau, AK (FHA|USDA|VA) 4 $3,350,000 $837,500 $6,473 5.28%
    Ketchikan, AK (FHA|USDA|VA) 2 $890,000 $445,000 $10,258 5.63%
    First National Bank Alaska's top markets include Anchorage, Fairbanks, Juneau, and Ketchikan among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First National Bank Alaska based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRUE NORTH FEDERAL CREDIT UNION
    Similarity Rank: 33
    MATANUSKA VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 36
    CREDIT UNION 1
    Similarity Rank: 84
    First National Bank Alaska
    Similarity Rank: 230
    RESIDENTIAL MORTGAGE, LLC
    Similarity Rank: 1778
    NuVision Federal Credit Union
    Similarity Rank: 1800
    Alaska USA Mortgage Company LLC
    Similarity Rank: 2175
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 3156
    PENTAGON FEDERAL CREDIT UNION
    Similarity Rank: 5360
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 6165

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 284 $114,780,000 $404,155 $6,933 4.69%
    FHA 8 $2,480,000 $310,000 $10,957 5.33%
    VA 2 $660,000 $330,000 $10,011 4.50%
    USDA 2 $660,000 $330,000 $8,039 4.50%

    For 2022, First National Bank Alaska's most frequently originated type of loan was Conventional, with 284 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 214 $86,740,000 $405,327 $7,177 4.80%
    Cash Out Refi 41 $10,665,000 $260,122 $6,985 4.44%
    Refi 32 $19,350,000 $604,688 $6,613 4.54%
    Home Improvement 9 $1,825,000 $202,778 $6,857 4.31%

    For 2022, First National Bank Alaska's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $77,665,000 $371,603 $7,185 4.57%
    15 Year 41 $12,195,000 $297,439 $6,993 4.70%
    20 Year 34 $20,930,000 $615,588 $6,204 5.32%
    10 Year 6 $920,000 $153,333 $4,730 5.30%
    Other 4 $6,440,000 $1,610,000 $0 5.23%
    1 Year 2 $430,000 $215,000 $0 6.50%

    For 2022, First National Bank Alaska's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was 15 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 79 $38,095,000 $482,215
    $2k-3k 52 $11,270,000 $216,731
    $3k-4k 42 $12,590,000 $299,762
    $4k-5k 36 $11,820,000 $328,333
    $1k-2k 29 $4,325,000 $149,138
    $<1k 4 $860,000 $215,000

    First National Bank Alaska's average total fees were $7,185, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 79 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 87 $33,575,000 $385,920
    3-4% 74 $30,210,000 $408,243
    4-5% 71 $33,035,000 $465,282
    6-7% 30 $9,040,000 $301,333
    2.5-3% 25 $9,175,000 $367,000
    <2.5% 4 $1,250,000 $312,500
    7-8% 3 $1,245,000 $415,000
    Over 8% 2 $1,050,000 $525,000

    During 2022, First National Bank Alaska's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 5-6%, with 87 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 136 $40,480,000 $297,647 $6,658 4.72%
    $100k-200k 61 $9,015,000 $147,787 $4,430 4.64%
    $400k-600k 61 $29,385,000 $481,721 $9,538 4.62%
    $600k-1MM 19 $14,635,000 $770,263 $14,363 4.91%
    $1MM+ 10 $24,380,000 $2,438,000 $14,972 4.76%
    $100,000 or less 9 $685,000 $76,111 $2,957 5.21%

    2022 saw First National Bank Alaska place emphasis on $200k-400k loans with 136 originations, totaling $40,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $22,095,000 $339,923 $7,575 4.63%
    $75k-100k 47 $13,215,000 $281,170 $6,011 4.61%
    $50k-75k 36 $7,960,000 $221,111 $5,724 4.39%
    $150k-250k 34 $14,050,000 $413,235 $8,679 4.33%
    $250k+ 33 $16,375,000 $496,212 $11,276 4.64%
    $50k or less 24 $3,770,000 $157,083 $3,986 4.42%

    First National Bank Alaska lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $75k-100k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $15,145,000 $322,234 $6,842 4.71%
    30-36% 41 $13,915,000 $339,390 $7,253 4.23%
    <20% 17 $4,485,000 $263,824 $6,452 3.76%
    40% 16 $4,100,000 $256,250 $5,485 5.04%
    38% 14 $5,270,000 $376,429 $9,295 4.54%
    43% 12 $3,800,000 $316,667 $7,655 4.72%
    42% 11 $3,205,000 $291,364 $6,003 4.78%
    46% 11 $4,585,000 $416,818 $8,909 4.24%
    48% 11 $4,065,000 $369,545 $7,967 4.78%
    44% 10 $2,930,000 $293,000 $5,033 4.50%
    41% 10 $3,370,000 $337,000 $7,419 5.10%
    39% 10 $3,180,000 $318,000 $6,504 4.23%
    47% 9 $2,885,000 $320,556 $7,641 4.36%
    36% 9 $3,045,000 $338,333 $8,429 4.54%
    49% 8 $2,640,000 $330,000 $7,810 4.09%
    45% 6 $2,410,000 $401,667 $6,274 5.08%
    37% 4 $1,070,000 $267,500 $6,153 4.84%
    >60% 1 $345,000 $345,000 $0 5.00%

    First National Bank Alaska lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $55,050,000 $348,418 $6,973 4.62%
    Not applicable 32 $28,360,000 $886,250 $0 5.87%
    Not provided 79 $26,335,000 $333,354 $7,230 4.35%
    American Indian 14 $4,480,000 $320,000 $7,855 4.40%
    Asian 7 $2,285,000 $326,429 $6,329 5.27%
    Black 4 $1,530,000 $382,500 $0 5.49%
    Other Asian 1 $475,000 $475,000 $9,432 5.25%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    97.12%

    First National Bank Alaska has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    57.43%

    First National Bank Alaska has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 296 $118,580,000 $400,608

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    296 $118,580,000 $400,608

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $5,185,000 $207,400 $4,065 4.52%
    40-60% 52 $20,800,000 $400,000 $6,394 4.33%
    60-80% 121 $55,375,000 $457,645 $8,048 4.95%
    80-100% 96 $37,070,000 $386,146 $7,286 4.64%
    Over 100% 1 $115,000 $115,000 $3,010 5.13%
    Under 20% 1 $35,000 $35,000 $0 6.15%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%