Denali State Bank Mortgage Rates, Fees & Info
Fairbanks, AKLEI: 5493003OSI5CD032EN89
Tax ID: 92-0111874
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Mortgage Data
Review & Overview
Denali State Bank is a smaller bank specializing in Home Purchase loans. Denali State Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top (well, only) market is Fairbanks.Denali State 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
102Origination Dollar Volume (All Markets)
$28,440,000Top 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) | 96 | $27,120,000 | $282,500 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,320,000 | $220,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $22,895,000 | $269,353 | $0 | 0.00% |
| VA | 12 | $3,970,000 | $330,833 | $0 | 0.00% |
| FHA | 5 | $1,575,000 | $315,000 | $0 | 0.00% |
For 2024, Denali State Bank's most frequently originated type of loan was Conventional, with 85 originations. Their 2nd most popular type was VA, with 12 originations.
Loan Reason
For 2024, Denali State Bank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 102 | $28,440,000 | $278,824 | $0 | 0.00% |
For 2024, Denali State Bank's most frequently cited loan duration was Other, with 102 originations.
Loan Sizing
2024 saw Denali State Bank place emphasis on $200k-400k loans with 51 originations, totaling $15,365,000 in origination value.
Applicant Income
Denali State Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $75k-100k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 102 | $28,440,000 | $278,824 | $0 | 0.00% |
Denali State Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.20%
Denali State Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.69%
Denali State Bank 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 |
|---|---|---|---|
| Exempt | 102 | $28,440,000 | $278,824 |