Alaska Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Alaska averaged 6.19% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2024-12-05) was 6.58% and one month ago for the week of 2024-11-07, the average rate was 6.38%.

Alaska's average rate one year ago was 6.92%.

For refis of the same type during the week of 2024-12-12, the average rate was 6.58%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-12-12 6.6%
Alaska 30 Year Fixed Rate 2024-12-12 6.19%
Alaska 30 Year Fixed Rate Refi 2024-12-12 6.58%
Alaska 15 Year Fixed Rate 2024-12-12 5.77%
Alaska 15 Year Fixed Rate Refi 2024-12-12 5.74%
Alaska 30 Year FHA 2024-12-12 6.04%
Alaska 30 Year FHA Refi 2024-12-12 6.38%
Alaska 30 Year USDA 2024-12-12 5.83%
Alaska 30 Year USDA Refi 2024-12-12 6.1%
Alaska 30 Year VA 2024-12-12 6.15%
Alaska 30 Year VA Refi 2024-12-12 6.18%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alaska.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Alaska USA Federal Credit Union 473 6.55% $4,920
RESIDENTIAL MORTGAGE, LLC 339 6.24% $5,653
NEWREZ LLC 314 6.95% $6,352
QUICKEN LOANS, LLC 205 6.78% $8,247
MOVEMENT MORTGAGE, LLC 154 6.69% $7,158
CREDIT UNION 1 140 5.91% $5,371
UNITED WHOLESALE MORTGAGE, LLC 138 6.69% $8,851
First National Bank Alaska 129 6.40% $7,549
CORNERSTONE HOME LENDING, INC. 127 6.60% $9,179
PRIMELENDING, A PLAINSCAPITAL COMPANY 95 6.63% $9,024
GUILD MORTGAGE COMPANY 70 6.59% $7,057
Wells Fargo Bank 64 6.70% $6,994
GUARANTEED RATE, INC. 59 6.71% $6,055
LOANDEPOT.COM, LLC 57 6.88% $8,298
NuVision Federal Credit Union 46 6.41% $6,292
MATANUSKA VALLEY FEDERAL CREDIT UNION 32 6.96% $2,795
PRIMARY RESIDENTIAL MORTGAGE, INC. 29 6.59% $7,819
KeyBank 28 6.96% $5,968
USAA Federal Savings Bank 25 6.47% $6,976
HOMEOWNERS FINANCIAL GROUP USA, LLC 22 6.72% $7,282
Flagstar Bank, FSB 21 6.50% $6,387
NAVY FEDERAL CREDIT UNION 21 6.56% $5,060
CROSSCOUNTRY MORTGAGE, LLC 20 6.95% $6,166
AMERISAVE MORTGAGE CORPORATION 20 6.37% $9,071
JPMorgan Chase Bank 19 6.49% $3,612
NBKC BANK 17 6.58% $4,245
TRUE NORTH FEDERAL CREDIT UNION 16 6.63% $6,079
GUARANTY MORTGAGE SERVICE, INC. 15 6.52% $7,553
RESIDENTIAL BANCORP 15 7.45% $7,691
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.90% $7,874
BROKER SOLUTIONS, INC. 14 6.84% $7,812
SUN WEST MORTGAGE COMPANY, INC. 13 7.13% $6,849
CHURCHILL MORTGAGE CORPORATION 12 6.74% $9,668
CALIBER HOME LOANS, INC. 12 6.25% $7,495
BMO Harris Bank 12 6.57% $6,096
Mortgage Research Center, LLC 12 6.40% $6,711
MUTUAL OF OMAHA MORTGAGE, INC. 11 6.91% $7,602
PREMIA MORTGAGE, LLC 11 6.22% $2,756
GENEVA FINANCIAL, LLC 10 6.78% $10,060
UNION HOME MORTGAGE CORP. 10 7.24% $5,773
Paramount Residential Mortgage Group, Inc. 10 7.69% $8,739
Bank of America 9 6.88% $7,146
U.S. Bank 8 6.75% $4,920
PENNYMAC LOAN SERVICES, LLC 8 6.87% $4,835
VAN DYK MORTGAGE CORPORATION 8 7.25% $9,632
Mr. Cooper ( Nationstar Mortgage ) 7 6.84% $8,464
Truity Federal Credit Union 6 6.58% $10,780
Plains Commerce Bank 6 6.65% $8,896
The Loan Store, Inc. 6 7.31% $6,116
CMG MORTGAGE, INC. 5 6.67% $9,458
AMCAP MORTGAGE, LTD. 5 6.42% $10,046
CRESCENT MORTGAGE COMPANY 5 6.97% $5,863
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.50% $6,811
AMERICAN FINANCING CORPORATION 5 6.65% $7,237
The Huntington National Bank 5 6.41% $4,492
ACADEMY MORTGAGE CORPORATION 4 7.06% $6,401
BETTER MORTGAGE CORPORATION 4 6.00% $2,938
Century Mortgage Company DBA Century Lending Company 4 7.00% $8,115
Discover Bank 4 7.30% $0
Morgan Stanley Private Bank 4 5.29% $4,967
North American Savings Bank, F.S.B. 4 6.47% $8,313
PENTAGON FEDERAL CREDIT UNION 3 5.83% $5,542
ZILLOW HOME LOANS, LLC 3 7.04% $3,653
LENDSURE MORTGAGE CORP. 3 8.71% $11,761
First Savings Bank 3 6.71% $5,642
UBS Bank USA 3 6.67% $4,808
MEMBER FIRST MORTGAGE, LLC 3 6.54% $7,835
The Federal Savings Bank 3 7.25% $13,248
LAKEVIEW LOAN SERVICING, LLC 3 6.62% $12,326
Ally Bank 3 5.96% $8,336
Wyndham Capital Mortgage, Inc. 2 5.88% $15,655
MANN FINANCIAL INC. 2 6.81% $4,088
MORTGAGE ACCESS CORP. 2 7.94% $7,524
FREEDOM MORTGAGE CORPORATION 2 6.25% $5,380
Farmers Bank & Trust 2 6.38% $2,528
ON Q FINANCIAL, INC. 2 7.63% $7,278
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 5.94% $4,086
Prosperity Home Mortgage, LLC 2 6.88% $7,716
Citibank 2 6.25% $8,581
CARDINAL FINANCIAL 2 7.00% $6,823
CANOPY MORTGAGE, LLC 2 7.56% $9,585
SIRVA MORTGAGE, INC. 2 6.25% $5,838
American Mortgage & Equity Consultants, Inc. 2 7.31% $6,243
Willamette Valley Bank 2 6.13% $4,923
WINGS FINANCIAL 2 5.81% $2,863
GREENSTATE CREDIT UNION 1 7.38% $4,388
PHH Mortgage Corporation 1 6.50% $6,124
DAS Acquisition Company, LLC 1 7.49% $16,757
PLAZA HOME MORTGAGE, INC. 1 7.13% $4,878
PNC Bank 1 6.50% $10,353
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $2,634
Commerce Bank 1 5.88% $2,679
Citizens Bank 1 6.50% $3,232
KINECTA 1 6.63% $9,812
AMERICAN INTERNET MORTGAGE, INC. 1 7.25% $5,239
Raymond James Bank 1 6.50% $3,115
Heritage Bank 1 5.75% $11,566
WESCOM CENTRAL CREDIT UNION 1 6.38% $3,896
INTERCAP LENDING INC. 1 6.88% $8,072
Sunflower Bank 1 6.38% $11,533
BAY-VALLEY MORTGAGE GROUP 1 6.38% $14,835
The Central Trust Bank 1 8.75% $7,499
MICHIGAN FIRST CREDIT UNION 1 6.63% $2,688
Bank of England 1 7.00% $7,272
Bank-Fund Staff Federal Credit Union 1 5.38% $4,118
Toyota Financial Savings Bank 1 7.00% $5,589
Axos Bank 1 5.50% $21,588
AXIA FINANCIAL, LLC 1 6.63% $7,944
GUARANTEED RATE AFFINITY, LLC 1 6.88% $3,241
M&T Bank 1 7.50% $7,874
First Internet Bank of Indiana 1 5.75% $4,814
Armed Forces Bank 1 7.63% $3,560
Evolve Bank & Trust 1 6.38% $5,319
Goldman Sachs Bank USA 1 5.10% $6,434
Northpointe Bank 1 7.00% $9,944
NP, Inc. 1 8.00% $23,352
EVERETT FINANCIAL, INC. 1 6.75% $8,145
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.63% $5,962
EVANSVILLE TEACHERS 1 6.75% $1,811
DIRECT MORTGAGE, CORP. 1 7.38% $6,474

Alaska Average Closing Costs & Other Stats

Alaska's 120 lenders originated 9,499 loans during 2023. The total origination value was $3,068,845,000, with an average loan value of $323,070.

Alaska's average closing costs are $6,206.

The top Alaska lender as defined by loan originations is Alaska USA Federal Credit Union, with 473 loans originated. Their average total fees are $4,920, which is $733 lower than the next largest lender, RESIDENTIAL MORTGAGE, LLC.

The lowest fee Alaska lenders (with over 10 loans originated) are PREMIA MORTGAGE, LLC ($2,756), MATANUSKA VALLEY FEDERAL CREDIT UNION ($2,795), JPMorgan Chase Bank ($3,612), NBKC BANK ($4,245) and Alaska USA Federal Credit Union ($4,920).

The lowest rate Alaska lenders (with over 10 loans originated) are CREDIT UNION 1 (5.91%), PREMIA MORTGAGE, LLC (6.22%), RESIDENTIAL MORTGAGE, LLC (6.24%), CALIBER HOME LOANS, INC. (6.25%) and AMERISAVE MORTGAGE CORPORATION (6.37%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
RESIDENTIAL MORTGAGE, LLC $659,320,000 $442,405,000 -32.9% 14.4%
Alaska USA Federal Credit Union $44,920,000 $364,025,000 710.4% 11.9%
NEWREZ LLC $7,210,000 $298,185,000 4,035.7% 9.7%
UNITED WHOLESALE MORTGAGE, LLC $193,600,000 $170,200,000 -12.1% 5.5%
Mortgage Research Center, LLC $165,720,000 $135,345,000 -18.3% 4.4%
MOVEMENT MORTGAGE, LLC $123,220,000 $125,410,000 1.8% 4.1%
QUICKEN LOANS, LLC $197,090,000 $110,735,000 -43.8% 3.6%
First National Bank Alaska $118,580,000 $80,065,000 -32.5% 2.6%
CORNERSTONE HOME LENDING, INC. $80,155,000 $78,055,000 -2.6% 2.5%
GUARANTEED RATE, INC. $77,805,000 $63,695,000 -18.1% 2.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $91,085,000 $62,095,000 -31.8% 2.0%
CREDIT UNION 1 $73,775,000 $54,295,000 -26.4% 1.8%
NAVY FEDERAL CREDIT UNION $49,045,000 $50,400,000 2.8% 1.6%
GUILD MORTGAGE COMPANY $48,695,000 $46,795,000 -3.9% 1.5%
NuVision Federal Credit Union $87,525,000 $46,770,000 -46.6% 1.5%
Wells Fargo Bank $138,140,000 $42,590,000 -69.2% 1.4%
LOANDEPOT.COM, LLC $81,015,000 $40,370,000 -50.2% 1.3%
KeyBank $69,245,000 $39,815,000 -42.5% 1.3%
USAA Federal Savings Bank $53,090,000 $37,295,000 -29.8% 1.2%
Mt. McKinley Bank $50,375,000 $36,995,000 -26.6% 1.2%
Denali State Bank $69,275,000 $35,265,000 -49.1% 1.1%
ACADEMY MORTGAGE CORPORATION $87,840,000 $29,375,000 -66.6% 1.0%
PENNYMAC LOAN SERVICES, LLC $29,780,000 $27,440,000 -7.9% 0.9%
PRIMARY RESIDENTIAL MORTGAGE, INC. $40,405,000 $26,415,000 -34.6% 0.9%
GREYSTONE SERVICING COMPANY LLC $26,045,000 n/a 0.8%
NBKC BANK $25,680,000 $24,020,000 -6.5% 0.8%
Flagstar Bank, FSB $21,665,000 $22,200,000 2.5% 0.7%
HOMEOWNERS FINANCIAL GROUP USA, LLC $29,015,000 $20,450,000 -29.5% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $27,690,000 $20,135,000 -27.3% 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $6,425,000 $17,010,000 164.7% 0.6%
SUN WEST MORTGAGE COMPANY, INC. $7,325,000 $16,755,000 128.7% 0.5%
GENEVA FINANCIAL, LLC $290,000 $15,990,000 5,413.8% 0.5%
North American Savings Bank, F.S.B. $57,515,000 $15,160,000 -73.6% 0.5%
MATANUSKA VALLEY FEDERAL CREDIT UNION $24,360,000 $14,605,000 -40.0% 0.5%
Paramount Residential Mortgage Group, Inc. $4,035,000 $14,410,000 257.1% 0.5%
Merchants Bank of Indiana $10,780,000 $14,310,000 32.7% 0.5%
The Federal Savings Bank $12,845,000 $14,300,000 11.3% 0.5%
WALKER & DUNLOP, LLC $11,860,000 $14,290,000 20.5% 0.5%
AMERISAVE MORTGAGE CORPORATION $52,370,000 $13,850,000 -73.6% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $31,750,000 $12,370,000 -61.0% 0.4%
FREEDOM MORTGAGE CORPORATION $31,320,000 $11,780,000 -62.4% 0.4%
Plains Commerce Bank $1,505,000 $11,685,000 676.4% 0.4%
BROKER SOLUTIONS, INC. $20,725,000 $11,570,000 -44.2% 0.4%
RESIDENTIAL BANCORP $24,865,000 $10,705,000 -56.9% 0.3%
BMO Harris Bank $2,815,000 $9,950,000 253.5% 0.3%
CALIBER HOME LOANS, INC. $309,190,000 $9,895,000 -96.8% 0.3%
CHURCHILL MORTGAGE CORPORATION $21,805,000 $9,795,000 -55.1% 0.3%
Arbor Realty Trust, Inc. $6,355,000 $9,620,000 51.4% 0.3%
TRUE NORTH FEDERAL CREDIT UNION $11,415,000 $9,405,000 -17.6% 0.3%
Bank of America $19,295,000 $8,570,000 -55.6% 0.3%
NEW DAY FINANCIAL, LLC $10,845,000 $8,425,000 -22.3% 0.3%
CMG MORTGAGE, INC. $8,910,000 $7,900,000 -11.3% 0.3%
PREMIA MORTGAGE, LLC $7,685,000 $7,850,000 2.1% 0.3%
GUARANTY MORTGAGE SERVICE, INC. $9,485,000 $7,560,000 -20.3% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $13,995,000 $7,450,000 -46.8% 0.2%
JPMorgan Chase Bank $8,870,000 $7,440,000 -16.1% 0.2%
U.S. Bank $14,140,000 $7,165,000 -49.3% 0.2%
UNION HOME MORTGAGE CORP. $7,135,000 n/a 0.2%
VAN DYK MORTGAGE CORPORATION $5,355,000 $5,805,000 8.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $9,735,000 $5,205,000 -46.5% 0.2%
Truity Federal Credit Union $4,145,000 $4,680,000 12.9% 0.2%
Discover Bank $2,135,000 $4,515,000 111.5% 0.1%
SPIRIT OF ALASKA $10,830,000 $4,300,000 -60.3% 0.1%
CARDINAL FINANCIAL $4,075,000 $4,160,000 2.1% 0.1%
Century Mortgage Company DBA Century Lending Company $395,000 $3,875,000 881.0% 0.1%
Morgan Stanley Private Bank $6,850,000 $3,870,000 -43.5% 0.1%
Barrington Bank & Trust Company, N.A. $7,150,000 $3,800,000 -46.9% 0.1%
CRESCENT MORTGAGE COMPANY $3,785,000 $3,660,000 -3.3% 0.1%
LAKEVIEW LOAN SERVICING, LLC $16,950,000 $3,615,000 -78.7% 0.1%
AMCAP MORTGAGE, LTD. $1,720,000 $3,465,000 101.5% 0.1%
AMERICAN FINANCING CORPORATION $8,110,000 $3,460,000 -57.3% 0.1%
Coastal Community Bank $3,330,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $2,350,000 $3,260,000 38.7% 0.1%
ZILLOW HOME LOANS, LLC $2,485,000 $3,065,000 23.3% 0.1%
Carrington Mortgage Services, LLC $3,760,000 $3,055,000 -18.8% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $4,590,000 $3,055,000 -33.4% 0.1%
Northpointe Bank $2,080,000 $3,050,000 46.6% 0.1%
The Huntington National Bank $2,515,000 n/a 0.1%
Community First National Bank $285,000 $2,495,000 775.4% 0.1%
CANOPY MORTGAGE, LLC $1,060,000 $2,475,000 133.5% 0.1%
Armed Forces Bank $3,905,000 $2,340,000 -40.1% 0.1%
The Loan Store, Inc. $2,335,000 n/a 0.1%
Prosperity Home Mortgage, LLC $2,330,000 n/a 0.1%
Equity Prime Mortgage LLC $2,265,000 n/a 0.1%
American Mortgage & Equity Consultants, Inc. $2,255,000 n/a 0.1%
M&T Bank $930,000 $2,160,000 132.3% 0.1%
ON Q FINANCIAL, INC. $2,150,000 n/a 0.1%
Citibank $1,965,000 $2,125,000 8.1% 0.1%
Montecito Bank & Trust $2,005,000 n/a 0.1%
TEMPLE VIEW CAPITAL FUNDING, LP $805,000 $1,985,000 146.6% 0.1%
Magnolia Bank $3,790,000 $1,895,000 -50.0% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,115,000 $1,885,000 69.1% 0.1%
Figure Lending LLC $1,220,000 $1,855,000 52.0% 0.1%
SaviBank $1,800,000 n/a 0.1%
KINECTA $195,000 $1,705,000 774.4% 0.1%
UBS Bank USA $800,000 $1,695,000 111.9% 0.1%
Farmers Bank & Trust $265,000 $1,610,000 507.5% 0.1%
Wyndham Capital Mortgage, Inc. $5,680,000 $1,610,000 -71.7% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $955,000 $1,585,000 66.0% 0.1%
FINANCE OF AMERICA REVERSE LLC $135,000 $1,560,000 1,055.6% 0.1%
BETTER MORTGAGE CORPORATION $22,700,000 $1,530,000 -93.3% 0.0%
WINGS FINANCIAL $1,015,000 $1,505,000 48.3% 0.0%
MID AMERICA MORTGAGE, INC. $6,850,000 $1,470,000 -78.5% 0.0%
PLAZA HOME MORTGAGE, INC. $1,305,000 $1,430,000 9.6% 0.0%
Regions Bank $2,305,000 $1,305,000 -43.4% 0.0%
PNC Bank $2,715,000 $1,265,000 -53.4% 0.0%
Bank of England $5,140,000 $1,210,000 -76.5% 0.0%
Chickasaw Community Bank $3,000,000 $1,165,000 -61.2% 0.0%
Ally Bank $4,620,000 $1,160,000 -74.9% 0.0%
LENDSURE MORTGAGE CORP. $1,155,000 n/a 0.0%
MORTGAGE ACCESS CORP. $1,365,000 $1,130,000 -17.2% 0.0%
Goldman Sachs Bank USA $1,005,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $2,475,000 $965,000 -61.0% 0.0%
First Savings Bank $530,000 $915,000 72.6% 0.0%
MidFirst Bank $880,000 $905,000 2.8% 0.0%
Axos Bank $395,000 $870,000 120.3% 0.0%
The Central Trust Bank $2,295,000 $855,000 -62.7% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $2,880,000 $850,000 -70.5% 0.0%
PLANET HOME LENDING, LLC $2,005,000 $850,000 -57.6% 0.0%
LONGBRIDGE FINANCIAL, LLC $440,000 $845,000 92.0% 0.0%
Heritage Bank $675,000 $825,000 22.2% 0.0%
Sunflower Bank $780,000 n/a 0.0%
ADVANCIAL $2,050,000 $745,000 -63.7% 0.0%
NP, Inc. $1,335,000 $735,000 -44.9% 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $730,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $44,510,000 $715,000 -98.4% 0.0%
Toyota Financial Savings Bank $705,000 n/a 0.0%
SIRVA MORTGAGE, INC. $690,000 $690,000 0.0% 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%
Stride Bank $355,000 $615,000 73.2% 0.0%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $605,000 n/a 0.0%
Willamette Valley Bank $2,330,000 $605,000 -74.0% 0.0%
DEEPHAVEN MORTGAGE LLC $595,000 n/a 0.0%
Ixonia Bank $595,000 n/a 0.0%
Paramount Bank $450,000 $590,000 31.1% 0.0%
BAY-VALLEY MORTGAGE GROUP $575,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,445,000 $560,000 -61.2% 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%
Peoples Bank $435,000 $550,000 26.4% 0.0%
INTERCAP LENDING INC. $235,000 $535,000 127.7% 0.0%
Central Bank $515,000 n/a 0.0%
DAS Acquisition Company, LLC $505,000 n/a 0.0%
Stifel Bank and Trust $1,195,000 $505,000 -57.7% 0.0%
PHH Mortgage Corporation $5,540,000 $495,000 -91.1% 0.0%
GUARANTEED RATE AFFINITY, LLC $950,000 $440,000 -53.7% 0.0%
Nations Lending Corporation $660,000 $440,000 -33.3% 0.0%
NFM, INC. $340,000 $420,000 23.5% 0.0%
AMWEST FUNDING CORP. $3,115,000 $405,000 -87.0% 0.0%
First Western Trust Bank $315,000 $395,000 25.4% 0.0%
MANN FINANCIAL INC. $390,000 n/a 0.0%
Commerce Home Mortgage, Inc. $385,000 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%
Bethpage Federal Credit Union $400,000 $345,000 -13.8% 0.0%
Raymond James Bank $750,000 $335,000 -55.3% 0.0%
HOMEXPRESS MORTGAGE CORP. $330,000 n/a 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%
DIRECT MORTGAGE, CORP. $285,000 n/a 0.0%
Evolve Bank & Trust $1,020,000 $285,000 -72.1% 0.0%
Merchants Bank $255,000 n/a 0.0%
Waterstone Mortgage Corporation $255,000 n/a 0.0%
WESCOM CENTRAL CREDIT UNION $255,000 n/a 0.0%
ADVANTAGE PLUS $245,000 n/a 0.0%
AMERICAN FINANCIAL NETWORK, INC. $235,000 n/a 0.0%
The State Bank of Faribault $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%
EVANSVILLE TEACHERS $155,000 n/a 0.0%
AXIA FINANCIAL, LLC $1,650,000 $135,000 -91.8% 0.0%
The Fisher National Bank $125,000 n/a 0.0%
MICHIGAN FIRST CREDIT UNION $105,000 n/a 0.0%
DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION $85,000 $95,000 11.8% 0.0%
CHEVRON $525,000 $75,000 -85.7% 0.0%
First National Bank of America $225,000 $65,000 -71.1% 0.0%
State Department Federal Credit Union $565,000 $65,000 -88.5% 0.0%
QUORUM FEDERAL CREDIT UNION $1,055,000 $45,000 -95.7% 0.0%
NORTH COUNTRY $35,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

Alaska's top lender by overall market share is RESIDENTIAL MORTGAGE, LLC, with 14.4% market share. In second place, with 11.9%, is Alaska USA Federal Credit Union, having originated $364,025,000 in loans. In third place, with 9.7%, is NEWREZ LLC, having originated $298,185,000 in loans. In fourth place, with 5.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $170,200,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $135,345,000 in loans.

Alaska Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 7,100 $2,570,260,000 $362,008
Cash Out Refi 890 $208,410,000 $234,169
Other 589 $67,005,000 $113,761
Home Improvement 579 $52,315,000 $90,354
Refi 340 $170,250,000 $500,735
NA 1 $605,000 $605,000

Alaska's most frequently cited loan purpose was Home Purchase, with 7,100 originations. The 2nd most popular reason was Cash Out Refi, with 890 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 4,080 $1,429,180,000 $350,289
5-6% 1,996 $723,430,000 $362,440
7-8% 1,723 $539,815,000 $313,299
Over 8% 978 $142,540,000 $145,746
4-5% 268 $78,140,000 $291,567
3-4% 64 $19,460,000 $304,063
2.5-3% 52 $20,040,000 $385,385
<2.5% 21 $7,715,000 $367,381

During 2023, Alaska's most frequently originated rate bucket was 6-7%, with 4,080 originations.

Loan Sizing (Alaska MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 4,508 $1,368,780,000 $303,634
$400k-600k 1,934 $915,700,000 $473,475
$100k-200k 1,364 $203,530,000 $149,216
$100,000 or less 1,140 $66,500,000 $58,333
$600k-1000k 483 $345,325,000 $714,959
$Over $1MM 70 $169,010,000 $2,414,429

Alaska's loan sizing saw the bucket of loans from $200k-400k with 4,508 originations, totaling $1,368,780,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 4,709 $1,753,405,000 $372,352
60-80% 1,669 $615,625,000 $368,859
Under 20% 839 $48,525,000 $57,837
Over 100% 676 $294,850,000 $436,169
20-40% 633 $102,905,000 $162,567
40-60% 594 $151,410,000 $254,899

Alaska's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,709 originations, totaling $1,753,405,000 in origination value.