ANCHORAGE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Anchorage averaged
6.65%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.68% and
one month ago for the week of 2024-10-03, the
average rate was 5.88%.
Anchorage's average rate one year ago was 7.52%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.28%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Anchorage 30 Year Fixed Rate | 2024-11-07 | 6.65% |
| Anchorage 30 Year Fixed Rate Refi | 2024-11-07 | 7.28% |
| Anchorage 15 Year Fixed Rate | 2024-11-07 | 6.01% |
| Anchorage 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Anchorage 30 Year FHA | 2024-11-07 | 6.06% |
| Anchorage 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Anchorage 30 Year USDA | 2024-11-07 | 6.28% |
| Anchorage 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Anchorage 30 Year VA | 2024-11-07 | 6.29% |
| Anchorage 30 Year VA Refi | 2024-11-07 | 6.14% |
ANCHORAGE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ANCHORAGE, AK market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
ANCHORAGE Average Closing Costs & Other Stats
ANCHORAGE, AK's 103 lenders originated 6,247
loans during 2023. The total origination value was $2,132,615,000, with an average loan value of
$341,382.
ANCHORAGE's average closing costs are $6,104.
The top ANCHORAGE lender as defined by loan originations is Alaska USA Federal Credit Union, with
328 loans originated. Their average total fees are
$4,843, which is $922
lower than the next largest lender,
RESIDENTIAL MORTGAGE, LLC.
The lowest fee ANCHORAGE lenders (with over 10 loans originated) are
MATANUSKA VALLEY FEDERAL CREDIT UNION ($2,744), PREMIA MORTGAGE, LLC ($2,772), JPMorgan Chase Bank ($3,218), NAVY FEDERAL CREDIT UNION ($4,760) and Alaska USA Federal Credit Union ($4,843).
The lowest rate ANCHORAGE lenders (with over 10 loans originated) are
CREDIT UNION 1 (5.86%), RESIDENTIAL MORTGAGE, LLC (6.18%), PREMIA MORTGAGE, LLC (6.23%), CALIBER HOME LOANS, INC. (6.25%) and JPMorgan Chase Bank (6.30%).
ANCHORAGE, AK Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| RESIDENTIAL MORTGAGE, LLC | $481,365,000 | $345,085,000 | -28.3% | 16.2% |
| Alaska USA Federal Credit Union | $30,000,000 | $260,560,000 | 768.5% | 12.2% |
| NEWREZ LLC | $5,045,000 | $198,920,000 | 3,842.9% | 9.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $143,700,000 | $139,300,000 | -3.1% | 6.5% |
| MOVEMENT MORTGAGE, LLC | $60,245,000 | $97,085,000 | 61.2% | 4.6% |
| Mortgage Research Center, LLC | $100,405,000 | $82,245,000 | -18.1% | 3.9% |
| QUICKEN LOANS, LLC | $118,315,000 | $72,730,000 | -38.5% | 3.4% |
| First National Bank Alaska | $64,315,000 | $56,365,000 | -12.4% | 2.6% |
| GUARANTEED RATE, INC. | $59,925,000 | $46,160,000 | -23.0% | 2.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $60,540,000 | $41,355,000 | -31.7% | 1.9% |
| NuVision Federal Credit Union | $67,615,000 | $40,880,000 | -39.5% | 1.9% |
| CREDIT UNION 1 | $53,680,000 | $38,545,000 | -28.2% | 1.8% |
| GUILD MORTGAGE COMPANY | $32,555,000 | $34,930,000 | 7.3% | 1.6% |
| KeyBank | $40,685,000 | $31,020,000 | -23.8% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $26,255,000 | $30,695,000 | 16.9% | 1.4% |
| Wells Fargo Bank | $94,950,000 | $27,770,000 | -70.8% | 1.3% |
| GREYSTONE SERVICING COMPANY LLC | $26,045,000 | n/a | 1.2% | |
| LOANDEPOT.COM, LLC | $55,590,000 | $25,770,000 | -53.6% | 1.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $35,065,000 | $24,055,000 | -31.4% | 1.1% |
| ACADEMY MORTGAGE CORPORATION | $79,485,000 | $22,230,000 | -72.0% | 1.0% |
| USAA Federal Savings Bank | $28,420,000 | $21,345,000 | -24.9% | 1.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $27,900,000 | $20,450,000 | -26.7% | 1.0% |
| Flagstar Bank, FSB | $16,795,000 | $19,375,000 | 15.4% | 0.9% |
| SUN WEST MORTGAGE COMPANY, INC. | $6,655,000 | $15,695,000 | 135.8% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,680,000 | $15,430,000 | 319.3% | 0.7% |
| North American Savings Bank, F.S.B. | $48,085,000 | $14,440,000 | -70.0% | 0.7% |
| Merchants Bank of Indiana | $10,780,000 | $14,310,000 | 32.7% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $22,675,000 | $14,310,000 | -36.9% | 0.7% |
| WALKER & DUNLOP, LLC | $11,860,000 | $14,290,000 | 20.5% | 0.7% |
| MATANUSKA VALLEY FEDERAL CREDIT UNION | $22,990,000 | $13,935,000 | -39.4% | 0.7% |
| NBKC BANK | $20,770,000 | $13,605,000 | -34.5% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $2,200,000 | $12,820,000 | 482.7% | 0.6% |
| GENEVA FINANCIAL, LLC | $85,000 | $11,655,000 | 13,611.8% | 0.5% |
| The Federal Savings Bank | $8,520,000 | $10,550,000 | 23.8% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $23,270,000 | $10,170,000 | -56.3% | 0.5% |
| Plains Commerce Bank | $205,000 | $9,670,000 | 4,617.1% | 0.5% |
| CALIBER HOME LOANS, INC. | $228,325,000 | $9,415,000 | -95.9% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $20,085,000 | $8,865,000 | -55.9% | 0.4% |
| RESIDENTIAL BANCORP | $18,290,000 | $8,580,000 | -53.1% | 0.4% |
| BMO Harris Bank | $1,885,000 | $8,415,000 | 346.4% | 0.4% |
| BROKER SOLUTIONS, INC. | $15,525,000 | $8,260,000 | -46.8% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $3,965,000 | $8,080,000 | 103.8% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $34,065,000 | $7,820,000 | -77.0% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $25,020,000 | $7,705,000 | -69.2% | 0.4% |
| GUARANTY MORTGAGE SERVICE, INC. | $7,955,000 | $7,560,000 | -5.0% | 0.4% |
| PREMIA MORTGAGE, LLC | $7,390,000 | $7,455,000 | 0.9% | 0.3% |
| NEW DAY FINANCIAL, LLC | $7,235,000 | $7,030,000 | -2.8% | 0.3% |
| Arbor Realty Trust, Inc. | $6,355,000 | $6,565,000 | 3.3% | 0.3% |
| UNION HOME MORTGAGE CORP. | $6,515,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $4,990,000 | $5,590,000 | 12.0% | 0.3% |
| Bank of America | $11,655,000 | $5,300,000 | -54.5% | 0.2% |
| JPMorgan Chase Bank | $6,360,000 | $4,680,000 | -26.4% | 0.2% |
| Truity Federal Credit Union | $4,145,000 | $4,680,000 | 12.9% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $7,350,000 | $4,580,000 | -37.7% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,280,000 | $4,455,000 | -60.5% | 0.2% |
| CMG MORTGAGE, INC. | $6,715,000 | $4,150,000 | -38.2% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $395,000 | $3,875,000 | 881.0% | 0.2% |
| Morgan Stanley Private Bank | $6,240,000 | $3,870,000 | -38.0% | 0.2% |
| Discover Bank | $1,385,000 | $2,895,000 | 109.0% | 0.1% |
| U.S. Bank | $7,970,000 | $2,795,000 | -64.9% | 0.1% |
| AMCAP MORTGAGE, LTD. | $845,000 | $2,520,000 | 198.2% | 0.1% |
| CARDINAL FINANCIAL | $2,080,000 | $2,510,000 | 20.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $5,425,000 | $2,480,000 | -54.3% | 0.1% |
| CANOPY MORTGAGE, LLC | $1,060,000 | $2,475,000 | 133.5% | 0.1% |
| Coastal Community Bank | $2,465,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,735,000 | $2,305,000 | 32.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,275,000 | $2,230,000 | 74.9% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,590,000 | $2,160,000 | -52.9% | 0.1% |
| The Huntington National Bank | $2,110,000 | n/a | 0.1% | |
| TRUE NORTH FEDERAL CREDIT UNION | $2,610,000 | $2,090,000 | -19.9% | 0.1% |
| The Loan Store, Inc. | $2,020,000 | n/a | 0.1% | |
| Montecito Bank & Trust | $2,005,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $13,845,000 | $1,980,000 | -85.7% | 0.1% |
| Prosperity Home Mortgage, LLC | $1,975,000 | n/a | 0.1% | |
| Armed Forces Bank | $2,520,000 | $1,965,000 | -22.0% | 0.1% |
| Equity Prime Mortgage LLC | $1,920,000 | n/a | 0.1% | |
| Magnolia Bank | $2,965,000 | $1,895,000 | -36.1% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $325,000 | $1,885,000 | 480.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $5,145,000 | $1,835,000 | -64.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $725,000 | $1,760,000 | 142.8% | 0.1% |
| M&T Bank | $825,000 | $1,735,000 | 110.3% | 0.1% |
| KINECTA | $1,705,000 | n/a | 0.1% | |
| UBS Bank USA | $505,000 | $1,695,000 | 235.6% | 0.1% |
| Farmers Bank & Trust | $265,000 | $1,610,000 | 507.5% | 0.1% |
| Northpointe Bank | $825,000 | $1,600,000 | 93.9% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $650,000 | $1,585,000 | 143.8% | 0.1% |
| Carrington Mortgage Services, LLC | $3,070,000 | $1,560,000 | -49.2% | 0.1% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $395,000 | $1,505,000 | 281.0% | 0.1% |
| WINGS FINANCIAL | $1,015,000 | $1,505,000 | 48.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,365,000 | n/a | 0.1% | |
| ON Q FINANCIAL, INC. | $1,305,000 | n/a | 0.1% | |
| Regions Bank | $2,305,000 | $1,305,000 | -43.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $1,260,000 | n/a | 0.1% | |
| Chickasaw Community Bank | $3,000,000 | $1,165,000 | -61.2% | 0.1% |
| LENDSURE MORTGAGE CORP. | $1,155,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $1,305,000 | $1,145,000 | -12.3% | 0.1% |
| MORTGAGE ACCESS CORP. | $920,000 | $1,130,000 | 22.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $12,620,000 | $1,020,000 | -91.9% | 0.0% |
| Goldman Sachs Bank USA | $1,005,000 | n/a | 0.0% | |
| Ally Bank | $3,070,000 | $925,000 | -69.9% | 0.0% |
| First Savings Bank | $530,000 | $915,000 | 72.6% | 0.0% |
| Figure Lending LLC | $810,000 | $880,000 | 8.6% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $2,565,000 | $850,000 | -66.9% | 0.0% |
| Citibank | $1,165,000 | $805,000 | -30.9% | 0.0% |
| Bank of England | $2,455,000 | $785,000 | -68.0% | 0.0% |
| NP, Inc. | $1,100,000 | $735,000 | -33.2% | 0.0% |
| Denali State Bank | $1,145,000 | $730,000 | -36.2% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $815,000 | $725,000 | -11.0% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $41,350,000 | $715,000 | -98.3% | 0.0% |
| SIRVA MORTGAGE, INC. | $415,000 | $690,000 | 66.3% | 0.0% |
| EVERETT FINANCIAL, INC. | $1,270,000 | $675,000 | -46.9% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $185,000 | $645,000 | 248.6% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $635,000 | n/a | 0.0% | |
| MidFirst Bank | $880,000 | $620,000 | -29.5% | 0.0% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $605,000 | n/a | 0.0% | |
| PNC Bank | $1,605,000 | $605,000 | -62.3% | 0.0% |
| Willamette Valley Bank | $1,035,000 | $605,000 | -41.5% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $595,000 | n/a | 0.0% | |
| Ixonia Bank | $595,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $575,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $620,000 | $560,000 | -9.7% | 0.0% |
| FBC MORTGAGE, LLC | $555,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $1,490,000 | $555,000 | -62.8% | 0.0% |
| INTERCAP LENDING INC. | $235,000 | $535,000 | 127.7% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $440,000 | $525,000 | 19.3% | 0.0% |
| Central Bank | $515,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $3,890,000 | $495,000 | -87.3% | 0.0% |
| ADVANCIAL | $1,945,000 | $465,000 | -76.1% | 0.0% |
| AMWEST FUNDING CORP. | $2,710,000 | $405,000 | -85.1% | 0.0% |
| First Western Trust Bank | $315,000 | $395,000 | 25.4% | 0.0% |
| Commerce Home Mortgage, Inc. | $385,000 | n/a | 0.0% | |
| Sunflower Bank | $375,000 | n/a | 0.0% | |
| Citizens Bank | $365,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $365,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $355,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $3,390,000 | $345,000 | -89.8% | 0.0% |
| Raymond James Bank | $335,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $330,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $85,000 | $310,000 | 264.7% | 0.0% |
| HomeStreet Bank | $965,000 | $305,000 | -68.4% | 0.0% |
| SWBC MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| Commerce Bank | $285,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $595,000 | $275,000 | -53.8% | 0.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $265,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $255,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $235,000 | n/a | 0.0% | |
| Connexus Credit Union | $215,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $210,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $185,000 | n/a | 0.0% | |
| Peoples Bank | $435,000 | $175,000 | -59.8% | 0.0% |
| EVANSVILLE TEACHERS | $155,000 | n/a | 0.0% | |
| Paramount Bank | $155,000 | n/a | 0.0% | |
| MICHIGAN FIRST CREDIT UNION | $105,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| CHEVRON | $525,000 | $75,000 | -85.7% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $1,055,000 | $45,000 | -95.7% | 0.0% |
ANCHORAGE's top lender by overall market share is RESIDENTIAL MORTGAGE, LLC, with 16.2% market share. In second place, with 12.2%, is Alaska USA Federal Credit Union, having originated $260,560,000 in loans. In third place, with 9.3%, is NEWREZ LLC, having originated $198,920,000 in loans. In fourth place, with 6.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $139,300,000 in loans. In fifth place, with 4.6%, is MOVEMENT MORTGAGE, LLC, having originated $97,085,000 in loans.
ANCHORAGE, AK Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 99501 | Anchorage, AK HUD Metro FMR Area | $880 | $970 | $1,280 | $1,820 | $2,180 |
| 99502 | Anchorage, AK HUD Metro FMR Area | $940 | $1,040 | $1,370 | $1,950 | $2,330 |
| 99503 | Anchorage, AK HUD Metro FMR Area | $790 | $860 | $1,130 | $1,600 | $1,930 |
| 99504 | Anchorage, AK HUD Metro FMR Area | $920 | $1,010 | $1,330 | $1,890 | $2,270 |
| 99505 | Anchorage, AK HUD Metro FMR Area | $1,400 | $1,540 | $2,030 | $2,890 | $3,460 |
| 99506 | Anchorage, AK HUD Metro FMR Area | $1,320 | $1,460 | $1,920 | $2,730 | $3,270 |
| 99507 | Anchorage, AK HUD Metro FMR Area | $1,010 | $1,110 | $1,460 | $2,070 | $2,490 |
| 99508 | Anchorage, AK HUD Metro FMR Area | $850 | $940 | $1,240 | $1,760 | $2,110 |
| 99509 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99510 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99511 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99513 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99514 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99515 | Anchorage, AK HUD Metro FMR Area | $1,030 | $1,140 | $1,500 | $2,130 | $2,560 |
| 99516 | Anchorage, AK HUD Metro FMR Area | $1,400 | $1,540 | $2,030 | $2,890 | $3,460 |
| 99517 | Anchorage, AK HUD Metro FMR Area | $910 | $1,000 | $1,320 | $1,880 | $2,250 |
| 99518 | Anchorage, AK HUD Metro FMR Area | $1,030 | $1,140 | $1,500 | $2,130 | $2,560 |
| 99519 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99520 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99521 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99522 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99523 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99524 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99529 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99530 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
| 99540 | Anchorage, AK HUD Metro FMR Area | $1,240 | $1,360 | $1,800 | $2,560 | $3,070 |
| 99567 | Anchorage, AK HUD Metro FMR Area | $810 | $890 | $1,170 | $1,660 | $1,990 |
| 99577 | Anchorage, AK HUD Metro FMR Area | $1,300 | $1,440 | $1,890 | $2,690 | $3,220 |
| 99587 | Anchorage, AK HUD Metro FMR Area | $890 | $980 | $1,290 | $1,830 | $2,200 |
| 99599 | Anchorage, AK HUD Metro FMR Area | $930 | $1,030 | $1,350 | $1,920 | $2,300 |
2022 Average & Median Rent Data Statistics
ANCHORAGE, AK average 1BR rent: $1,095, median: $1,030
ANCHORAGE, AK average 2BR rent: $1,439, median: $1,350
ANCHORAGE, AK average 3BR rent: $2,045, median: $1,920
ANCHORAGE, AK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,702 | $1,775,130,000 | $377,527 |
| Cash Out Refi | 559 | $141,145,000 | $252,496 |
| Other | 409 | $48,405,000 | $118,350 |
| Home Improvement | 360 | $32,630,000 | $90,639 |
| Refi | 216 | $134,700,000 | $623,611 |
| NA | 1 | $605,000 | $605,000 |
Anchorage's most frequently cited loan purpose was Home Purchase, with 4,702 originations. The 2nd most popular reason was Cash Out Refi, with 559 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,770 | $1,016,720,000 | $367,047 |
| 5-6% | 1,402 | $526,540,000 | $375,563 |
| 7-8% | 1,123 | $368,375,000 | $328,028 |
| Over 8% | 648 | $102,860,000 | $158,735 |
| 4-5% | 211 | $61,335,000 | $290,687 |
| 3-4% | 48 | $11,900,000 | $247,917 |
| 2.5-3% | 24 | $9,820,000 | $409,167 |
| <2.5% | 14 | $4,990,000 | $356,429 |
During 2023, Anchorage's most frequently originated rate bucket was 6-7%, with 2,770 originations.
Loan Sizing (ANCHORAGE, AK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,861 | $876,325,000 | $306,300 |
| $400k-600k | 1,377 | $654,895,000 | $475,595 |
| $100k-200k | 850 | $125,340,000 | $147,459 |
| $100,000 or less | 716 | $42,090,000 | $58,785 |
| $600k-1000k | 378 | $272,470,000 | $720,820 |
| $Over $1MM | 65 | $161,495,000 | $2,484,538 |
ANCHORAGE's loan sizing saw the bucket of loans from $200k-400k with 2,861 originations, totaling $876,325,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,243 | $1,249,715,000 | $385,358 |
| 60-80% | 1,114 | $442,620,000 | $397,325 |
| Under 20% | 578 | $34,170,000 | $59,118 |
| Over 100% | 445 | $204,835,000 | $460,303 |
| 20-40% | 424 | $78,290,000 | $184,646 |
| 40-60% | 398 | $106,920,000 | $268,643 |
ANCHORAGE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,243 originations, totaling $1,249,715,000 in origination value.