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Key Questions:

    1. How at risk is Prince Of Wales-Outer Ketchikan, Alaska to the subprime mortgage crisis?
    2. Loans taken out by home owners in Prince Of Wales-Outer Ketchikan, Alaska are within a +/- 10 percent band of the national average. That is to say, Prince Of Wales-Outer Ketchikan, Alaska will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Prince Of Wales-Outer Ketchikan, Alaska be in paying off their mortgage?
    2. Homeowners in Prince Of Wales-Outer Ketchikan, Alaska borrowed an average of 1.91 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Prince Of Wales-Outer Ketchikan, Alaska homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Prince Of Wales-Outer Ketchikan, Alaska?
    2. The leading lenders, by market share, are Wells Fargo Fin'L Alaska, Inc, Wells Fargo Bank, Na and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Prince Of Wales-Outer Ketchikan, Alaska to actually live in them?
    2. 94.9% of home owners in Prince Of Wales-Outer Ketchikan, Alaska that applied for a mortgage in 2006 live in their homes versus owning them as an investment property. This compares to the national average of 89.0%.
2006 Mortgage Research Prince Of Wales-Outer Ketchikan Alaska US
Total Applications 137 56,267 33,304,682
Average Loan $124.7k $177.3k $184.9k
Loan to Income Ratio 1.91 1.87 1.83
Subprime Loans 11.68% 10.36% 11.98%
Refinancing Loans 70.07% 45.84% 50.05%
Principal Dwellings 94.89% 91.39% 88.97%
Rejected Applications 21.17% 10.30% 12.36%

Nearby Counties:   Ketchikan Gateway, Wrangell-Petersburg, Juneau, Sitka, Haines

Top Ten Lenders
# Name Share Apps
1 Wells Fargo Fin'L Alaska, Inc 30.66% 42
2 Wells Fargo Bank, Na 24.09% 33
3 Countrywide Home Loans 5.84% 8
4 Ameriquest Mortgage Company 4.38% 6
5 National City Bank 3.65% 5
6 Quicken Loans 2.92% 4
7 Credit Union 1 2.92% 4
8 Phh Mortgage Corporation 2.19% 3
9 Bnc Mortgage 2.19% 3
10 First Residential Mortgage 1.46% 2