Alaska Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alaska averaged
6.59%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.98% and
one month ago for the week of 2023-08-17, the
average rate was 6.79%.
Alaska's average rate one year ago was 5.62%.
For refis of the same type during the week of 2023-09-21, the average rate
was 6.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Alaska 30 Year Fixed Rate | 2023-09-21 | 6.59% |
| Alaska 30 Year Fixed Rate Refi | 2023-09-21 | 6.41% |
| Alaska 15 Year Fixed Rate | 2023-09-21 | 6.55% |
| Alaska 15 Year Fixed Rate Refi | 2023-09-21 | 5.02% |
| Alaska 30 Year FHA | 2023-09-21 | 6.17% |
| Alaska 30 Year FHA Refi | 2023-09-21 | 5.26% |
| Alaska 30 Year USDA | 2023-09-21 | 6.34% |
| Alaska 30 Year USDA Refi | 2023-09-21 | 6.92% |
| Alaska 30 Year VA | 2023-09-21 | 6.02% |
| Alaska 30 Year VA Refi | 2023-09-21 | 4.29% |
Alaska 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 Alaska 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.).
Alaska Average Closing Costs & Other Stats
Alaska's 149 lenders originated 14,613
loans during 2022. The total origination value was $4,628,845,000, with an average loan value of
$316,762.
Alaska's average closing costs are $5,945.
The top Alaska lender as defined by loan originations is Alaska USA Mortgage Company LLC, with
1,210 loans originated. Their average total fees are
$4,306, which is $872
lower than the next largest lender,
RESIDENTIAL MORTGAGE, LLC.
The lowest fee Alaska lenders (with over 10 loans originated) are
Alaska USA Federal Credit Union ($1,110), PREMIA MORTGAGE, LLC ($1,277), MATANUSKA VALLEY FEDERAL CREDIT UNION ($2,539), Titan Mortgage Capital, Inc. ($3,404) and NBKC BANK ($3,804).
The lowest rate Alaska lenders (with over 10 loans originated) are
CREDIT UNION 1 (3.95%), BETTER MORTGAGE CORPORATION (4.01%), FREEDOM MORTGAGE CORPORATION (4.01%), AMERICAN FINANCING CORPORATION (4.01%) and PHH Mortgage Corporation (4.05%).
Alaska 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| RESIDENTIAL MORTGAGE, LLC | $1,211,225,000 | $659,320,000 | -45.6% | 14.2% |
| Alaska USA Mortgage Company LLC | $1,109,885,000 | $633,850,000 | -42.9% | 13.7% |
| CALIBER HOME LOANS, INC. | $498,750,000 | $309,190,000 | -38.0% | 6.7% |
| QUICKEN LOANS, LLC | $602,560,000 | $197,090,000 | -67.3% | 4.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $150,640,000 | $193,600,000 | 28.5% | 4.2% |
| Mortgage Research Center, LLC | $208,995,000 | $165,720,000 | -20.7% | 3.6% |
| Wells Fargo Bank | $405,400,000 | $138,140,000 | -65.9% | 3.0% |
| MOVEMENT MORTGAGE, LLC | $108,280,000 | $123,220,000 | 13.8% | 2.7% |
| First National Bank Alaska | $192,785,000 | $118,580,000 | -38.5% | 2.6% |
| HOME POINT FINANCIAL CORPORATION | $79,970,000 | $117,545,000 | 47.0% | 2.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $178,210,000 | $91,085,000 | -48.9% | 2.0% |
| ACADEMY MORTGAGE CORPORATION | $135,975,000 | $87,840,000 | -35.4% | 1.9% |
| NuVision Federal Credit Union | $84,760,000 | $87,525,000 | 3.3% | 1.9% |
| LOANDEPOT.COM, LLC | $154,405,000 | $81,015,000 | -47.5% | 1.8% |
| CORNERSTONE HOME LENDING, INC. | $134,150,000 | $80,155,000 | -40.2% | 1.7% |
| GUARANTEED RATE, INC. | $154,525,000 | $77,805,000 | -49.6% | 1.7% |
| CREDIT UNION 1 | $60,895,000 | $73,775,000 | 21.2% | 1.6% |
| Denali State Bank | $79,710,000 | $69,275,000 | -13.1% | 1.5% |
| KeyBank | $76,855,000 | $69,245,000 | -9.9% | 1.5% |
| North American Savings Bank, F.S.B. | $95,195,000 | $57,515,000 | -39.6% | 1.2% |
| USAA Federal Savings Bank | $82,040,000 | $53,090,000 | -35.3% | 1.1% |
| AMERISAVE MORTGAGE CORPORATION | $137,250,000 | $52,370,000 | -61.8% | 1.1% |
| Mt. McKinley Bank | $72,050,000 | $50,375,000 | -30.1% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $62,220,000 | $49,045,000 | -21.2% | 1.1% |
| Hometown Lenders, Inc. | $48,745,000 | n/a | 1.1% | |
| GUILD MORTGAGE COMPANY | $127,215,000 | $48,695,000 | -61.7% | 1.1% |
| Alaska USA Federal Credit Union | $1,134,000,000 | $44,920,000 | -96.0% | 1.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $86,325,000 | $44,510,000 | -48.4% | 1.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $71,360,000 | $40,405,000 | -43.4% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,295,000 | $31,750,000 | 181.1% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $356,755,000 | $31,320,000 | -91.2% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $90,210,000 | $29,780,000 | -67.0% | 0.6% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $10,965,000 | $29,015,000 | 164.6% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $14,490,000 | $27,690,000 | 91.1% | 0.6% |
| NBKC BANK | $66,515,000 | $25,680,000 | -61.4% | 0.6% |
| RESIDENTIAL BANCORP. | $23,020,000 | $24,865,000 | 8.0% | 0.5% |
| MATANUSKA VALLEY FEDERAL CREDIT UNION | $40,945,000 | $24,360,000 | -40.5% | 0.5% |
| BETTER MORTGAGE CORPORATION | $80,910,000 | $22,700,000 | -71.9% | 0.5% |
| CHURCHILL MORTGAGE CORPORATION | $26,525,000 | $21,805,000 | -17.8% | 0.5% |
| Flagstar Bank, FSB | $24,795,000 | $21,665,000 | -12.6% | 0.5% |
| BROKER SOLUTIONS, INC. | $54,100,000 | $20,725,000 | -61.7% | 0.4% |
| Bank of America | $31,795,000 | $19,295,000 | -39.3% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $67,505,000 | $16,950,000 | -74.9% | 0.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $15,215,000 | n/a | 0.3% | |
| U.S. Bank | $22,490,000 | $14,140,000 | -37.1% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $32,060,000 | $13,995,000 | -56.3% | 0.3% |
| The Federal Savings Bank | $60,080,000 | $12,845,000 | -78.6% | 0.3% |
| WALKER & DUNLOP, LLC | $5,285,000 | $11,860,000 | 124.4% | 0.3% |
| TRUE NORTH FEDERAL CREDIT UNION | $36,105,000 | $11,415,000 | -68.4% | 0.2% |
| NEW DAY FINANCIAL, LLC | $14,075,000 | $10,845,000 | -22.9% | 0.2% |
| SPIRIT OF ALASKA | $15,725,000 | $10,830,000 | -31.1% | 0.2% |
| Merchants Bank of Indiana | $205,000 | $10,780,000 | 5,158.5% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $14,470,000 | $9,735,000 | -32.7% | 0.2% |
| GUARANTY MORTGAGE SERVICE, INC. | $13,695,000 | $9,485,000 | -30.7% | 0.2% |
| CMG MORTGAGE, INC. | $9,205,000 | $8,910,000 | -3.2% | 0.2% |
| JPMorgan Chase Bank | $14,920,000 | $8,870,000 | -40.5% | 0.2% |
| AMERICAN FINANCING CORPORATION | $14,900,000 | $8,110,000 | -45.6% | 0.2% |
| PREMIA MORTGAGE, LLC | $11,170,000 | $7,685,000 | -31.2% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $16,550,000 | $7,325,000 | -55.7% | 0.2% |
| NEWREZ LLC | $7,210,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $14,300,000 | $7,150,000 | -50.0% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $15,915,000 | $6,850,000 | -57.0% | 0.1% |
| Morgan Stanley Private Bank | $2,135,000 | $6,850,000 | 220.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $19,705,000 | $6,425,000 | -67.4% | 0.1% |
| Arbor Realty Trust, Inc. | $5,095,000 | $6,355,000 | 24.7% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $10,955,000 | $5,680,000 | -48.2% | 0.1% |
| PHH Mortgage Corporation | $5,215,000 | $5,540,000 | 6.2% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $2,040,000 | $5,355,000 | 162.5% | 0.1% |
| KELLER MORTGAGE, LLC | $28,115,000 | $5,270,000 | -81.3% | 0.1% |
| Bank of England | $7,525,000 | $5,140,000 | -31.7% | 0.1% |
| Titan Mortgage Capital, Inc. | $38,645,000 | $4,820,000 | -87.5% | 0.1% |
| Ally Bank | $1,190,000 | $4,620,000 | 288.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $28,720,000 | $4,590,000 | -84.0% | 0.1% |
| Truity Federal Credit Union | $9,435,000 | $4,145,000 | -56.1% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $42,885,000 | $4,075,000 | -90.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $3,840,000 | $4,035,000 | 5.1% | 0.1% |
| Armed Forces Bank | $710,000 | $3,905,000 | 450.0% | 0.1% |
| MOUNTAIN AMERICA | $3,905,000 | n/a | 0.1% | |
| Pinnacle Bank | $3,805,000 | n/a | 0.1% | |
| Magnolia Bank | $9,140,000 | $3,790,000 | -58.5% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $14,750,000 | $3,785,000 | -74.3% | 0.1% |
| Carrington Mortgage Services, LLC | $6,960,000 | $3,760,000 | -46.0% | 0.1% |
| BKCO MORTGAGE, LLC | $7,165,000 | $3,305,000 | -53.9% | 0.1% |
| AMWEST FUNDING CORP. | $3,115,000 | n/a | 0.1% | |
| Chickasaw Community Bank | $9,105,000 | $3,000,000 | -67.1% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $960,000 | $2,880,000 | 200.0% | 0.1% |
| BMO Harris Bank | $200,000 | $2,815,000 | 1,307.5% | 0.1% |
| PNC Bank | $2,605,000 | $2,715,000 | 4.2% | 0.1% |
| Umpqua Bank | $3,190,000 | $2,675,000 | -16.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $4,880,000 | $2,485,000 | -49.1% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $1,320,000 | $2,475,000 | 87.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $21,920,000 | $2,350,000 | -89.3% | 0.1% |
| Willamette Valley Bank | $985,000 | $2,330,000 | 136.5% | 0.1% |
| Regions Bank | $2,305,000 | n/a | 0.0% | |
| The Central Trust Bank | $1,440,000 | $2,295,000 | 59.4% | 0.0% |
| Discover Bank | $1,500,000 | $2,135,000 | 42.3% | 0.0% |
| Northpointe Bank | $3,540,000 | $2,080,000 | -41.2% | 0.0% |
| Strong Home Mortgage, LLC | $11,290,000 | $2,080,000 | -81.6% | 0.0% |
| ADVANCIAL | $7,725,000 | $2,050,000 | -73.5% | 0.0% |
| PLANET HOME LENDING, LLC | $7,105,000 | $2,005,000 | -71.8% | 0.0% |
| Citibank | $325,000 | $1,965,000 | 504.6% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $1,750,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $13,310,000 | $1,720,000 | -87.1% | 0.0% |
| First Guaranty Mortgage Corporation | $11,900,000 | $1,655,000 | -86.1% | 0.0% |
| AXIA FINANCIAL, LLC | $1,650,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,595,000 | n/a | 0.0% | |
| Plains Commerce Bank | $2,100,000 | $1,505,000 | -28.3% | 0.0% |
| First Internet Bank of Indiana | $275,000 | $1,490,000 | 441.8% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $450,000 | $1,445,000 | 221.1% | 0.0% |
| Charles Schwab Bank, SSB | $530,000 | $1,445,000 | 172.6% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,430,000 | n/a | 0.0% | |
| First Home Bank | $5,785,000 | $1,390,000 | -76.0% | 0.0% |
| MORTGAGE ACCESS CORP. | $660,000 | $1,365,000 | 106.8% | 0.0% |
| City National Bank | $275,000 | $1,355,000 | 392.7% | 0.0% |
| NP, Inc. | $1,775,000 | $1,335,000 | -24.8% | 0.0% |
| Low VA Rates, LLC | $14,095,000 | $1,315,000 | -90.7% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,335,000 | $1,305,000 | -2.2% | 0.0% |
| EVERETT FINANCIAL, INC. | $1,190,000 | $1,270,000 | 6.7% | 0.0% |
| Bank of the West | $1,240,000 | n/a | 0.0% | |
| Figure Lending LLC | $925,000 | $1,220,000 | 31.9% | 0.0% |
| Stifel Bank and Trust | $560,000 | $1,195,000 | 113.4% | 0.0% |
| CIBC Bank USA | $1,125,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $650,000 | $1,115,000 | 71.5% | 0.0% |
| SOFI LENDING CORP. | $1,930,000 | $1,075,000 | -44.3% | 0.0% |
| CANOPY MORTGAGE, LLC | $3,905,000 | $1,060,000 | -72.9% | 0.0% |
| Midwest BankCentre | $1,060,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $225,000 | $1,055,000 | 368.9% | 0.0% |
| Arvest Bank | $1,485,000 | $1,035,000 | -30.3% | 0.0% |
| Cache Valley Bank | $1,020,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $1,020,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $1,385,000 | $1,015,000 | -26.7% | 0.0% |
| Amerifirst Financial, Inc. | $1,010,000 | n/a | 0.0% | |
| DATA MORTGAGE, INC. | $980,000 | n/a | 0.0% | |
| HomeStreet Bank | $145,000 | $965,000 | 565.5% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $2,800,000 | $955,000 | -65.9% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $815,000 | $950,000 | 16.6% | 0.0% |
| IMPAC MORTGAGE CORP. | $945,000 | n/a | 0.0% | |
| M&T Bank | $3,005,000 | $930,000 | -69.1% | 0.0% |
| MidFirst Bank | $880,000 | n/a | 0.0% | |
| First Financial Bank | $860,000 | n/a | 0.0% | |
| Opportunity Bank of Montana | $225,000 | $845,000 | 275.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $805,000 | n/a | 0.0% | |
| UBS Bank USA | $2,550,000 | $800,000 | -68.6% | 0.0% |
| First Federal Bank of Kansas City | $880,000 | $765,000 | -13.1% | 0.0% |
| Raymond James Bank | $750,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,900,000 | $725,000 | -61.8% | 0.0% |
| Baxter Credit Union | $705,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $940,000 | $690,000 | -26.6% | 0.0% |
| Heritage Bank | $675,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $755,000 | $675,000 | -10.6% | 0.0% |
| Nations Lending Corporation | $3,440,000 | $660,000 | -80.8% | 0.0% |
| JAMES B. NUTTER & COMPANY | $670,000 | $640,000 | -4.5% | 0.0% |
| AMERICAN ADVISORS GROUP | $2,780,000 | $635,000 | -77.2% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $325,000 | $595,000 | 83.1% | 0.0% |
| AIR ACADEMY | $575,000 | n/a | 0.0% | |
| Capital Bank | $335,000 | $570,000 | 70.1% | 0.0% |
| State Department Federal Credit Union | $565,000 | n/a | 0.0% | |
| NBH Bank | $1,375,000 | $555,000 | -59.6% | 0.0% |
| BOKF | $750,000 | $550,000 | -26.7% | 0.0% |
| Colonial Savings, F.A. | $8,270,000 | $540,000 | -93.5% | 0.0% |
| First Savings Bank | $2,615,000 | $530,000 | -79.7% | 0.0% |
| CHEVRON | $790,000 | $525,000 | -33.5% | 0.0% |
| Hawthorn Bank | $515,000 | n/a | 0.0% | |
| Washington Trust Bank | $385,000 | $515,000 | 33.8% | 0.0% |
| Deere Employees Credit Union | $470,000 | n/a | 0.0% | |
| AmRes Corporation | $4,720,000 | $450,000 | -90.5% | 0.0% |
| Paramount Bank | $13,855,000 | $450,000 | -96.8% | 0.0% |
| American National Bank | $445,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $440,000 | n/a | 0.0% | |
| NATIONAL COOPERATIVE BANK, N.A. | $440,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $435,000 | n/a | 0.0% | |
| Peoples Bank | $435,000 | n/a | 0.0% | |
| Wilson Bank And Trust | $435,000 | n/a | 0.0% | |
| Bank of Whittier | $395,000 | $415,000 | 5.1% | 0.0% |
| Pacific Lending LLC | $335,000 | $415,000 | 23.9% | 0.0% |
| American Airlines Federal Credit Union | $410,000 | n/a | 0.0% | |
| First Federal Bank | $2,955,000 | $405,000 | -86.3% | 0.0% |
| Bethpage Federal Credit Union | $400,000 | n/a | 0.0% | |
| Axos Bank | $5,060,000 | $395,000 | -92.2% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $395,000 | n/a | 0.0% | |
| Quontic Bank | $395,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $32,535,000 | $395,000 | -98.8% | 0.0% |
| Stride Bank | $355,000 | n/a | 0.0% | |
| NFM, INC. | $340,000 | n/a | 0.0% | |
| BELEM SERVICING LLC | $620,000 | $335,000 | -46.0% | 0.0% |
| First Western Trust Bank | $450,000 | $315,000 | -30.0% | 0.0% |
| TRISTAR FINANCE, INC. | $315,000 | n/a | 0.0% | |
| The Northern Trust Company | $305,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $290,000 | n/a | 0.0% | |
| Community First National Bank | $500,000 | $285,000 | -43.0% | 0.0% |
| RBC Bank, (Georgia) | $285,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $475,000 | $265,000 | -44.2% | 0.0% |
| FIDELITY BANK | $265,000 | n/a | 0.0% | |
| Deseret First Credit Union | $245,000 | n/a | 0.0% | |
| UNITED SECURITY FINANCIAL CORP | $930,000 | $245,000 | -73.7% | 0.0% |
| INTERCAP LENDING INC. | $425,000 | $235,000 | -44.7% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $235,000 | n/a | 0.0% | |
| First National Bank of America | $225,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $225,000 | n/a | 0.0% | |
| American National Bank of Minnesota | $205,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $195,000 | n/a | 0.0% | |
| KINECTA | $195,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.0% | |
| Fidelity Bank | $185,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $1,830,000 | $185,000 | -89.9% | 0.0% |
| Adventure Credit Union | $170,000 | n/a | 0.0% | |
| FirstBank | $7,465,000 | $165,000 | -97.8% | 0.0% |
| Adams Bank & Trust | $135,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $1,430,000 | $135,000 | -90.6% | 0.0% |
| ARC HOME LLC | $515,000 | $105,000 | -79.6% | 0.0% |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| WESTERN VISTA | $85,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $210,000 | $45,000 | -78.6% | 0.0% |
| Elements Financial Federal Credit Union | $105,000 | $35,000 | -66.7% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $25,000 | n/a | 0.0% |
Alaska's top lender by overall market share is RESIDENTIAL MORTGAGE, LLC, with 14.2% market share. In second place, with 13.7%, is Alaska USA Mortgage Company LLC, having originated $633,850,000 in loans. In third place, with 6.7%, is CALIBER HOME LOANS, INC., having originated $309,190,000 in loans. In fourth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $197,090,000 in loans. In fifth place, with 4.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $193,600,000 in loans.
Alaska Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 9,983 | $3,487,905,000 | $349,384 |
| Cash Out Refi | 2,263 | $591,865,000 | $261,540 |
| Refi | 1,504 | $438,760,000 | $291,729 |
| Other | 551 | $76,215,000 | $138,321 |
| Home Improvement | 310 | $33,280,000 | $107,355 |
| NA | 2 | $820,000 | $410,000 |
Alaska's most frequently cited loan purpose was Home Purchase, with 9,983 originations. The 2nd most popular reason was Cash Out Refi, with 2,263 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 3,568 | $1,167,190,000 | $327,127 |
| 4-5% | 3,479 | $1,184,175,000 | $340,378 |
| 3-4% | 3,469 | $1,093,695,000 | $315,277 |
| 6-7% | 1,295 | $395,285,000 | $305,239 |
| 2.5-3% | 1,295 | $413,365,000 | $319,201 |
| <2.5% | 506 | $149,560,000 | $295,573 |
| 7-8% | 299 | $76,935,000 | $257,308 |
| Over 8% | 179 | $17,445,000 | $97,458 |
During 2022, Alaska's most frequently originated rate bucket was 5-6%, with 3,568 originations.
Loan Sizing (Alaska MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 7,807 | $2,317,665,000 | $296,870 |
| $400k-600k | 2,690 | $1,271,220,000 | $472,572 |
| $100k-200k | 2,460 | $377,470,000 | $153,443 |
| $100,000 or less | 945 | $59,045,000 | $62,481 |
| $600k-1000k | 640 | $454,040,000 | $709,438 |
| $Over $1MM | 71 | $149,405,000 | $2,104,296 |
Alaska's loan sizing saw the bucket of loans from $200k-400k with 7,807 originations, totaling $2,317,665,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 7,233 | $2,542,925,000 | $351,573 |
| 60-80% | 3,377 | $1,074,285,000 | $318,118 |
| 40-60% | 1,143 | $279,605,000 | $244,624 |
| Over 100% | 1,043 | $438,015,000 | $419,957 |
| 20-40% | 651 | $98,635,000 | $151,513 |
| Under 20% | 533 | $32,485,000 | $60,947 |
Alaska's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 7,233 originations, totaling $2,542,925,000 in origination value.