Ketchikan Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Ketchikan averaged 6.47% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

The average rate for the prior week (2025-06-26) was 6.57% and one month ago for the week of 2025-05-29, the average rate was 6.89%.

Ketchikan's average rate one year ago was 7.06%.

For refis of the same type during the week of 2025-07-03, the average rate was 6.97%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Ketchikan 30 Year Fixed Rate 2025-07-03 6.47%
Ketchikan 30 Year Fixed Rate Refi 2025-07-03 6.97%
Ketchikan 15 Year Fixed Rate 2025-07-03 6%
Ketchikan 15 Year Fixed Rate Refi 2025-07-03 6.3%
Ketchikan 30 Year FHA 2025-07-03 0.1%
Ketchikan 30 Year FHA Refi 2025-07-03 0%
Ketchikan 30 Year USDA 2025-07-03 0.1%
Ketchikan 30 Year USDA Refi 2025-07-03 0.1%
Ketchikan 30 Year VA 2025-07-03 -0.1%
Ketchikan 30 Year VA Refi 2025-07-03 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ketchikan, AK.

Ketchikan 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 Ketchikan, 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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
CORNERSTONE HOME LENDING, INC. 8 6.48% $8,587
RESIDENTIAL BANCORP 8 7.55% $9,124
CREDIT UNION 1 6 6.58% $3,801
GUILD MORTGAGE COMPANY 6 6.21% $10,900
QUICKEN LOANS, LLC 3 6.58% $12,658
Alaska USA Federal Credit Union 2 6.63% $4,371
AMERISAVE MORTGAGE CORPORATION 2 7.25% $8,410
NEWREZ LLC 2 7.00% $8,020
First National Bank Alaska 1 6.63% $7,689
COMMUNITYAMERICA 1 7.13% $5,444
HomeStreet Bank 1 7.13% $4,998
LOANDEPOT.COM, LLC 1 6.99% $15,078
MEMBER FIRST MORTGAGE, LLC 1 6.38% $11,221
Wells Fargo Bank 1 6.50% $3,677
CMG MORTGAGE, INC. 1 7.50% $7,321
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $5,879
USAA Federal Savings Bank 1 7.63% $3,632
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.63% $9,281

Ketchikan Average Closing Costs & Other Stats

Ketchikan, AK's 18 lenders originated 107 loans during 2024. The total origination value was $36,265,000, with an average loan value of $338,925.

Ketchikan's average closing costs are $7,374.

The top Ketchikan lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 8 loans originated. Their average total fees are $8,587, which is $537 lower than the next largest lender, RESIDENTIAL BANCORP.

The lowest fee Ketchikan lenders (with over 10 loans originated) are .

The lowest rate Ketchikan lenders (with over 10 loans originated) are .

Ketchikan, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
RESIDENTIAL BANCORP $1,485,000 $4,985,000 235.7% 13.7%
GUILD MORTGAGE COMPANY $4,030,000 n/a 11.1%
CORNERSTONE HOME LENDING, INC. $2,375,000 $3,480,000 46.5% 9.6%
Mortgage Research Center, LLC $2,975,000 $3,355,000 12.8% 9.3%
Barrington Bank & Trust Company, N.A. $465,000 $2,965,000 537.6% 8.2%
QUICKEN LOANS, LLC $1,185,000 $1,530,000 29.1% 4.2%
CREDIT UNION 1 $1,200,000 $1,460,000 21.7% 4.0%
NEWREZ LLC $225,000 $1,375,000 511.1% 3.8%
Alaska USA Federal Credit Union $1,080,000 $1,105,000 2.3% 3.0%
GUARANTEED RATE, INC. $1,090,000 n/a 3.0%
NAVY FEDERAL CREDIT UNION $580,000 $1,080,000 86.2% 3.0%
CMG MORTGAGE, INC. $605,000 $1,050,000 73.6% 2.9%
PENNYMAC LOAN SERVICES, LLC $970,000 $940,000 -3.1% 2.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $355,000 $880,000 147.9% 2.4%
Wells Fargo Bank $270,000 $750,000 177.8% 2.1%
AMERISAVE MORTGAGE CORPORATION $1,085,000 $740,000 -31.8% 2.0%
LOANDEPOT.COM, LLC $405,000 $710,000 75.3% 2.0%
BROKER SOLUTIONS, INC. $580,000 n/a 1.6%
COMMUNITYAMERICA $565,000 n/a 1.6%
HomeStreet Bank $565,000 n/a 1.6%
First National Bank Alaska $325,000 $405,000 24.6% 1.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $395,000 n/a 1.1%
The Federal Savings Bank $365,000 n/a 1.0%
Armed Forces Bank $355,000 n/a 1.0%
FREEDOM MORTGAGE CORPORATION $335,000 n/a 0.9%
MEMBER FIRST MORTGAGE, LLC $790,000 $305,000 -61.4% 0.8%
VILLAGE CAPITAL MORTGAGE $235,000 n/a 0.6%
RESIDENTIAL MORTGAGE, LLC $1,895,000 $205,000 -89.2% 0.6%
Discover Bank $160,000 $115,000 -28.1% 0.3%
Coastal Community Bank $55,000 $70,000 27.3% 0.2%
USAA Federal Savings Bank $65,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $175,000 $55,000 -68.6% 0.2%
Figure Lending LLC $70,000 $45,000 -35.7% 0.1%
LAKEVIEW LOAN SERVICING, LLC $45,000 n/a 0.1%
NuVision Federal Credit Union $35,000 n/a 0.1%

Ketchikan's top lender by overall market share is RESIDENTIAL BANCORP, with 13.7% market share. In second place, with 11.1%, is GUILD MORTGAGE COMPANY, having originated $4,030,000 in loans. In third place, with 9.6%, is CORNERSTONE HOME LENDING, INC., having originated $3,480,000 in loans. In fourth place, with 9.3%, is Mortgage Research Center, LLC, having originated $3,355,000 in loans. In fifth place, with 8.2%, is Barrington Bank & Trust Company, N.A., having originated $2,965,000 in loans.

Ketchikan, AK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 65 $26,775,000 $411,923
Cash Out Refi 19 $4,735,000 $249,211
Home Improvement 9 $885,000 $98,333
Refi 9 $3,635,000 $403,889
Other 5 $235,000 $47,000

Ketchikan's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 51 $18,635,000 $365,392
5-6% 19 $7,385,000 $388,684
7-8% 18 $7,110,000 $395,000
Over 8% 16 $1,480,000 $92,500
4-5% 2 $1,260,000 $630,000
2.5-3% 1 $395,000 $395,000

During 2024, Ketchikan's most frequently originated rate bucket was 6-7%, with 51 originations.

Loan Sizing (Ketchikan, AK MSA)

Loan Size Originations Total Value Average Loan
$400k-600k 40 $19,300,000 $482,500
$200k-400k 38 $12,050,000 $317,105
$100,000 or less 18 $940,000 $52,222
$100k-200k 7 $925,000 $132,143
$600k-1000k 4 $3,050,000 $762,500

Ketchikan's loan sizing saw the bucket of loans from $400k-600k with 40 originations, totaling $19,300,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 52 $21,780,000 $418,846
60-80% 18 $6,710,000 $372,778
Under 20% 16 $870,000 $54,375
20-40% 7 $755,000 $107,857
Over 100% 7 $3,375,000 $482,143
40-60% 5 $1,455,000 $291,000

Ketchikan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 52 originations, totaling $21,780,000 in origination value.