Denali State Bank Mortgage Rates, Fees & Info

Fairbanks, AK

LEI: 5493003OSI5CD032EN89

Tax ID: 92-0111874

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
  • 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 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 markets by origination volume include: Fairbanks, Juneau, and Anchorage among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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

    127

    Origination Dollar Volume (All Markets)

    $35,265,000

    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
    FAIRBANKS, AK (FHA|USDA|VA) 114 $31,620,000 $277,368 $0 0.00%
    Outside of Metro Areas 9 $1,825,000 $202,778 $0 0.00%
    Juneau, AK (FHA|USDA|VA) 2 $1,090,000 $545,000 $0 0.00%
    ANCHORAGE, AK (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
    Denali State Bank's top markets include Fairbanks, Juneau, and Anchorage among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $26,410,000 $258,922 $0 0.00%
    VA 13 $4,905,000 $377,308 $0 0.00%
    FHA 12 $3,950,000 $329,167 $0 0.00%

    For 2023, Denali State Bank's most frequently originated type of loan was Conventional, with 102 originations. Their 2nd most popular type was VA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $29,560,000 $289,804 $0 0.00%
    Refi 9 $2,735,000 $303,889 $0 0.00%
    Home Improvement 6 $1,090,000 $181,667 $0 0.00%
    Cash Out Refi 6 $1,170,000 $195,000 $0 0.00%
    Other 4 $710,000 $177,500 $0 0.00%

    For 2023, Denali State Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $35,265,000 $277,677 $0 0.00%

    For 2023, Denali State Bank's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 68 $19,110,000 $281,029 $0 0.00%
    $100k-200k 29 $4,695,000 $161,897 $0 0.00%
    $400k-600k 15 $6,685,000 $445,667 $0 0.00%
    $100,000 or less 10 $500,000 $50,000 $0 0.00%
    $600k-1MM 4 $3,070,000 $767,500 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2023 saw Denali State Bank place emphasis on $200k-400k loans with 68 originations, totaling $19,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $10,075,000 $245,732 $0 0.00%
    $75k-100k 26 $6,520,000 $250,769 $0 0.00%
    $50k-75k 25 $5,385,000 $215,400 $0 0.00%
    $150k-250k 21 $8,195,000 $390,238 $0 0.00%
    $250k+ 7 $2,595,000 $370,714 $0 0.00%
    $50k or less 4 $420,000 $105,000 $0 0.00%

    Denali State Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $35,265,000 $277,677 $0 0.00%

    Denali State Bank lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $23,455,000 $257,747 $0 0.00%
    Not provided 26 $7,790,000 $299,615 $0 0.00%
    Not applicable 3 $2,075,000 $691,667 $0 0.00%
    American Indian 4 $1,080,000 $270,000 $0 0.00%
    Asian 2 $560,000 $280,000 $0 0.00%
    Black 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.69%

    Denali State 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 origination
    62.20%

    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 127 $35,265,000 $277,677

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    127 $35,265,000 $277,677