Denali Federal Credit Union Mortgage Rates, Fees & Info

ANCHORAGE, AK

LEI: 5493001YFIVEKM7V1H73

Tax ID: 92-0017715

Latest/2023 | 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
  • 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

    Denali Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Denali Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Anchorage, Fairbanks, Seattle, Juneau, and Bremerton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Denali Federal Credit Union 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. Denali Federal Credit Union 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.

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    Originations

    328

    Origination Dollar Volume (All Markets)

    $92,180,000

    Awards

    Denali Federal Credit Union FHA Loans gold Denali Federal Credit Union FHA Loans gold Denali Federal Credit Union VA Loans bronze
    Show all (3) 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) 275 $79,325,000 $288,455 $7,315 4.60%
    Outside of Metro Areas 26 $6,510,000 $250,385 $4,895 4.77%
    FAIRBANKS, AK (FHA|USDA|VA) 17 $3,555,000 $209,118 $4,813 4.68%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,405,000 $281,000 $5,913 4.53%
    Juneau, AK (FHA|USDA|VA) 3 $735,000 $245,000 $4,857 4.79%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $395,000 $395,000 $14,044 4.50%
    Port Angeles, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,090 4.13%
    Denali Federal Credit Union's top markets include Anchorage, Fairbanks, Seattle, Juneau, and Bremerton among others.

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

    • Similar Lenders

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

    MATANUSKA VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 56
    CREDIT UNION 1
    Similarity Rank: 95
    GUARANTY MORTGAGE SERVICE, INC.
    Similarity Rank: 166
    First National Bank Alaska
    Similarity Rank: 316
    Denali Federal Credit Union
    Similarity Rank: 602
    RESIDENTIAL MORTGAGE, LLC
    Similarity Rank: 882
    Alaska USA Mortgage Company LLC
    Similarity Rank: 986
    Chickasaw Community Bank
    Similarity Rank: 1030
    BAY-VALLEY MORTGAGE GROUP
    Similarity Rank: 2400
    MID AMERICA MORTGAGE, INC.
    Similarity Rank: 4440

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 227 $63,325,000 $278,965 $5,272 4.78%
    FHA 51 $13,825,000 $271,078 $9,053 4.24%
    VA 42 $13,120,000 $312,381 $10,242 4.29%
    USDA 7 $1,575,000 $225,000 $5,319 4.18%
    FHA 1 $335,000 $335,000 $0 4.63%

    For 2018, Denali Federal Credit Union's most frequently originated type of loan was Conventional, with 227 originations. Their 2nd most popular type was FHA, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 266 $73,160,000 $275,038 $7,007 4.52%
    Refi 48 $14,380,000 $299,583 $6,744 4.79%
    Cash Out Refi 10 $2,410,000 $241,000 $5,284 5.53%
    Home Improvement 4 $2,230,000 $557,500 $13,122 6.56%

    For 2018, Denali Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 290 $81,180,000 $279,931 $7,106 4.48%
    15 Year 20 $6,260,000 $313,000 $4,652 4.44%
    Other 14 $4,260,000 $304,286 $7,124 7.07%
    5 Year 2 $80,000 $40,000 $2,010 8.00%
    1 Year 1 $75,000 $75,000 $0 6.50%
    20 Year 1 $325,000 $325,000 $11,444 4.25%

    For 2018, Denali Federal Credit Union's most frequently cited loan duration was 30 Year, with 290 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 101 $22,885,000 $226,584
    $3k-4k 71 $22,295,000 $314,014
    $1k-2k 53 $7,585,000 $143,113
    $5k+ 41 $19,665,000 $479,634
    $4k-5k 33 $11,535,000 $349,545
    $<1k 15 $2,585,000 $172,333

    Denali Federal Credit Union's average total fees were $7,106, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 101 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 243 $66,895,000 $275,288
    3-4% 41 $12,605,000 $307,439
    5-6% 25 $5,935,000 $237,400
    6-7% 10 $5,640,000 $564,000
    7-8% 5 $765,000 $153,000
    Over 8% 4 $340,000 $85,000

    During 2018, Denali Federal Credit Union's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 243 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 199 $55,835,000 $280,578 $7,277 4.50%
    $100k-200k 73 $11,415,000 $156,370 $3,842 4.70%
    $400k-600k 29 $14,065,000 $485,000 $11,487 4.44%
    $100,000 or less 14 $1,000,000 $71,429 $2,339 5.85%
    $600k-1MM 11 $7,545,000 $685,909 $16,284 4.75%
    $1MM+ 2 $2,320,000 $1,160,000 $0 6.75%

    2018 saw Denali Federal Credit Union place emphasis on $200k-400k loans with 199 originations, totaling $55,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 98 $21,590,000 $220,306 $6,090 4.49%
    $75k-100k 69 $19,185,000 $278,043 $6,854 4.59%
    $100k-150k 65 $21,625,000 $332,692 $8,383 4.58%
    $150k-250k 40 $14,070,000 $351,750 $7,801 4.89%
    $50k or less 38 $6,650,000 $175,000 $4,533 4.44%
    $250k+ 16 $7,640,000 $477,500 $8,939 5.26%

    Denali Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $75k-100k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 48 $12,180,000 $253,750 $7,014 4.55%
    20-30% 46 $12,650,000 $275,000 $6,062 4.47%
    50-60% 30 $8,850,000 $295,000 $10,174 4.25%
    43% 18 $4,110,000 $228,333 $5,788 5.27%
    38% 15 $4,375,000 $291,667 $6,382 4.57%
    46% 15 $4,485,000 $299,000 $7,105 4.69%
    48% 15 $4,715,000 $314,333 $6,636 4.41%
    40% 14 $4,020,000 $287,143 $5,897 4.53%
    42% 14 $4,400,000 $314,286 $7,212 4.60%
    49% 14 $3,500,000 $250,000 $5,503 4.61%
    44% 13 $3,045,000 $234,231 $4,384 4.53%
    <20% 11 $2,935,000 $266,818 $6,554 5.31%
    37% 11 $2,735,000 $248,636 $6,779 4.52%
    39% 11 $2,855,000 $259,545 $6,923 4.56%
    41% 11 $2,805,000 $255,000 $6,203 4.43%
    47% 11 $3,835,000 $348,636 $9,510 4.50%
    45% 8 $2,190,000 $273,750 $5,100 4.47%
    36% 8 $2,450,000 $306,250 $8,268 4.22%
    >60% 4 $1,040,000 $260,000 $8,333 4.13%

    Denali Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 48 originations. The next most common DTI ratio? 20-30%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 236 $66,840,000 $283,220 $6,950 4.60%
    American Indian 30 $7,770,000 $259,000 $6,965 4.60%
    Not provided 28 $7,410,000 $264,643 $6,355 4.54%
    Not applicable 11 $3,675,000 $334,091 $5,866 5.68%
    Asian 13 $3,545,000 $272,692 $6,171 4.46%
    Black 10 $2,940,000 $294,000 $8,766 4.30%

    Approval Rates

    Total approvals of all applications
    96.21%

    Denali Federal Credit Union 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
    85.06%

    Denali Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 328 $92,180,000 $281,037

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $3,165,000 $1,055,000
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 324 $88,990,000 $274,660

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $140,000 $70,000 $2,484 4.63%
    40-60% 18 $3,450,000 $191,667 $4,353 5.11%
    60-80% 67 $20,585,000 $307,239 $5,043 5.20%
    80-100% 223 $62,395,000 $279,798 $7,183 4.42%
    Over 100% 14 $4,990,000 $356,429 $14,380 4.25%
    Under 20% 1 $75,000 $75,000 $0 6.50%