Ketchikan Mortgage Rates & Closing Costs
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% |
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.