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Residential Finance Survey |
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Homeowner properties | Rental and vacant properties | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
All properties |
Total | 1 housing unit |
2 to 4 housing units |
Condo- minimums |
Mobile homes |
Total | 1 housing unit |
2 to 4 housing units |
5 to 49 housing units |
50 or more housing units |
Condo- minimums |
Mobile homes |
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ALL PROPERTIES (in thousands) Mortgage Status All properties |
83465 | 67671 | 56960 | 1087 | 3883 | 5741 | 15794 | 9855 | 2035 | 473 | 71 | 1619 | 1741 |
Mortgaged@2 | 50570 | 43636 | 37968 | 643 | 2437 | 2588 | 6933 | 4237 | 1144 | 293 | 61 | 854 | 344 |
Nonmortgaged | 32896 | 24035 | 18992 | 444 | 1446 | 3153 | 8861 | 5618 | 891 | 180 | 10 | 765 | 1397 |
MORTGAGED PROPERTIES Type of First Mortgage Instrument Fixed-rate, level-payment mortgage |
37541 | 32900 | 29850 | 478 | 1845 | 727 | 4641 | 2965 | 780 | 178 | 46 | 588 | 85 |
Short-term with balloon payment mortgage | 2333 | 1869 | 1695 | 17 | 101 | 55 | 464 | 277 | 68 | 28 | 5 | 63 | 23 |
Reverse mortgage | 11 | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Adjustable rate mortgage (ARM) | 6474 | 5119 | 4489 | 109 | 400 | 121 | 1355 | 808 | 261 | 77 | 9 | 170 | 30 |
Other | 4211 | 3737 | 1923 | 38 | 91 | 1685 | 474 | 188 | 36 | 9 | 1 | 34 | 206 |
First Mortgage Insurance Status FHA-insured first mortgage |
4989 | 4439 | 3985 | 72 | 326 | 56 | 550 | 359 | 84 | 19 | 6 | 70 | 12 |
VA-guaranteed first mortgage | 1264 | 1163 | 1055 | 13 | 84 | 12 | 101 | 73 | 22 | 0 | 0 | 6 | 0 |
Rural Housing Service/Rural Development-guaranteed loan |
984 | 845 | 786 | 5 | 32 | 22 | 139 | 91 | 21 | 13 | 2 | 12 | 0 |
Insured by state agency | 1166 | 944 | 842 | 11 | 43 | 48 | 222 | 162 | 27 | 9 | 4 | 14 | 6 |
Insured by state agency with FHA insurance, VA or Rural Housing Service/Rural Development guarantee |
41 | 37 | 27 | 0 | 7 | 3 | 4 | 4 | 0 | 0 | 0 | 0 | 0 |
Insured conventional first mortgage |
5606 | 4935 | 4426 | 70 | 313 | 125 | 672 | 451 | 91 | 25 | 5 | 86 | 14 |
Uninsured conventional first mortgage |
32856 | 27961 | 25289 | 446 | 1575 | 651 | 4895 | 2989 | 873 | 224 | 44 | 654 | 112 |
Not available | 3663 | 3313 | 1558 | 26 | 57 | 1672 | 350 | 108 | 26 | 2 | 0 | 13 | 201 |
Holder of First Mortgage Commercial bank or trust company |
8154 | 6845 | 5830 | 106 | 360 | 550 | 1309 | 830 | 182 | 69 | 11 | 165 | 53 |
Savings and loan association, federal savings bank |
4954 | 4107 | 3451 | 72 | 245 | 340 | 847 | 460 | 166 | 50 | 7 | 106 | 58 |
Mutual savings bank | 974 | 787 | 645 | 6 | 69 | 67 | 187 | 97 | 45 | 9 | 1 | 35 | 0 |
Life insurance company | 761 | 635 | 565 | 11 | 51 | 9 | 126 | 77 | 21 | 9 | 3 | 4 | 12 |
Mortgage banker or mortgage company | 3997 | 3530 | 3154 | 52 | 255 | 69 | 467 | 278 | 65 | 12 | 1 | 104 | 7 |
Federally-sponsored secondary market agency or pool |
21459 | 18927 | 17242 | 258 | 1094 | 333 | 2533 | 1635 | 424 | 79 | 24 | 329 | 42 |
Conventional mortgage pool | 675 | 606 | 537 | 19 | 24 | 27 | 68 | 52 | 9 | 1 | 1 | 6 | 0 |
Other federal agency | 1340 | 1110 | 999 | 23 | 77 | 11 | 230 | 161 | 27 | 14 | 4 | 24 | 0 |
Real estate investment trust | 69 | 52 | 49 | 0 | 3 | 0 | 16 | 7 | 4 | 4 | 1 | 0 | 0 |
Pension or retirement fund | 65 | 58 | 48 | 0 | 4 | 6 | 7 | 6 | 0 | 0 | 1 | 0 | 0 |
Credit union | 2058 | 1824 | 1572 | 15 | 63 | 174 | 234 | 142 | 49 | 8 | 2 | 14 | 20 |
Finance company | 2685 | 2341 | 1425 | 28 | 53 | 835 | 345 | 165 | 25 | 3 | 1 | 9 | 142 |
State or municipal government or housing finance agency |
1728 | 1442 | 1309 | 29 | 59 | 45 | 286 | 178 | 68 | 12 | 4 | 18 | 7 |
Individual or individual's estate | 858 | 697 | 625 | 14 | 34 | 23 | 161 | 84 | 35 | 16 | 1 | 21 | 4 |
Other | 791 | 674 | 518 | 10 | 48 | 98 | 117 | 64 | 25 | 8 | 2 | 19 | 0 |
Holder of Junior Mortgage Commercial bank or trust company |
2123 | 2004 | 1859 | 10 | 56 | 79 | 119 | 74 | 21 | 5 | 1 | 9 | 8 |
Savings and loan association, federal savings bank |
859 | 785 | 674 | 12 | 12 | 87 | 74 | 45 | 9 | 3 | 1 | 9 | 7 |
Mutual savings bank | 178 | 178 | 142 | 0 | 15 | 21 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
Life insurance company | 75 | 71 | 54 | 6 | 11 | 0 | 4 | 0 | 3 | 1 | 0 | 0 | 0 |
Mortgage banker or mortgage company | 285 | 254 | 247 | 0 | 7 | 0 | 31 | 22 | 2 | 0 | 0 | 7 | 0 |
Federally-sponsored secondary market agency or pool |
1414 | 1264 | 1184 | 19 | 49 | 11 | 150 | 86 | 29 | 13 | 3 | 19 | 0 |
Conventional mortgage pool | 118 | 118 | 111 | 5 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other federal agency | 122 | 118 | 113 | 3 | 2 | 0 | 4 | 0 | 2 | 1 | 1 | 0 | 0 |
Real estate investment trust | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pension or retirement fund | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Credit union | 1927 | 1833 | 1727 | 25 | 30 | 51 | 94 | 82 | 8 | 4 | 0 | 0 | 0 |
Finance company | 4598 | 4339 | 3868 | 59 | 136 | 276 | 259 | 159 | 69 | 4 | 0 | 23 | 3 |
State or municipal government or housing finance agency |
198 | 176 | 152 | 7 | 17 | 0 | 22 | 6 | 12 | 2 | 1 | 0 | 0 |
Individual or individual's estate | 130 | 116 | 106 | 2 | 8 | 0 | 14 | 6 | 5 | 3 | 0 | 0 | 0 |
Other | 227 | 187 | 127 | 8 | 11 | 41 | 40 | 19 | 5 | 2 | 0 | 7 | 6 |
Holder of Equity Line of Credit Commercial bank or trust company |
1344 | 1309 | 1241 | 11 | 45 | 11 | 35 | 24 | 6 | 1 | 0 | 3 | 0 |
Savings and loan association, federal savings bank |
314 | 314 | 298 | 2 | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Mutual savings bank | 66 | 66 | 66 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Credit union | 1835 | 1737 | 1663 | 28 | 33 | 14 | 98 | 75 | 18 | 3 | 0 | 1 | 0 |
Finance company | 5085 | 4737 | 4434 | 72 | 159 | 73 | 348 | 223 | 80 | 5 | 0 | 30 | 8 |
Other | 78 | 72 | 54 | 5 | 9 | 3 | 7 | 6 | 0 | 0 | 0 | 0 | 0 |
Holder of Installment Loan Commercial bank or trust company |
419 | 410 | 0 | 0 | 0 | 410 | 8 | 0 | 0 | 0 | 0 | 0 | 8 |
Savings and loan association, federal savings bank |
354 | 315 | 0 | 0 | 0 | 315 | 38 | 0 | 0 | 0 | 0 | 0 | 38 |
Mutual savings bank | 82 | 82 | 0 | 0 | 0 | 82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Credit union | 189 | 169 | 0 | 0 | 0 | 169 | 20 | 0 | 0 | 0 | 0 | 0 | 20 |
Finance company | 1121 | 985 | 0 | 0 | 0 | 985 | 136 | 0 | 0 | 0 | 0 | 0 | 136 |
State or municipal government or housing finance agency |
25 | 18 | 0 | 0 | 0 | 18 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
Other | 123 | 117 | 0 | 0 | 0 | 117 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
OUTSTANDING MORTGAGE DEBT (million dollars) Outstanding Traditional Mortgage Debt All mortgaged properties Total mortgage debt |
4927257 | 4072760 | 3678901 | 69292 | 226721 | 97845 | 854497 | 308938 | 105146 | 116677 | 246911 | 64124 | 12702 |
First mortgage debt | 4660529 | 3852558 | 3483287 | 65897 | 220528 | 82845 | 807971 | 292286 | 101322 | 108064 | 231990 | 62357 | 11952 |
Junior mortgage debt | 266728 | 220202 | 195614 | 3395 | 6193 | 15000 | 46526 | 16652 | 3824 | 8614 | 14920 | 1767 | 749 |
Outstanding Traditional First Mortgage Debt by Mortgage Insurance Status FHA-insured mortgage |
409545 | 340583 | 307225 | 5809 | 25602 | 1947 | 68962 | 23190 | 9378 | 7519 | 24641 | 3696 | 537 |
VA-guaranteed first mortgage | 110084 | 105810 | 93450 | 3425 | 8514 | 421 | 4274 | 2780 | 1299 | 0 | 0 | 194 | 0 |
Rural Housing Service/Rural Development-guaranteed loan |
79445 | 60199 | 56332 | 331 | 2356 | 1180 | 19247 | 3426 | 2080 | 8138 | 4831 | 771 | 0 |
Insured by state agency | 127080 | 85486 | 79826 | 994 | 3528 | 1138 | 41594 | 11678 | 1357 | 4068 | 22076 | 2250 | 165 |
Insured by state agency with FHA insurance, VA or Rural Housing Service/Rural Development guarantee |
2947 | 2357 | 2071 | 0 | 84 | 203 | 590 | 77 | 0 | 31 | 482 | 0 | 0 |
Insured conventional first mortgage | 636967 | 555367 | 506545 | 9080 | 33637 | 6104 | 81600 | 38606 | 8996 | 8275 | 16319 | 8586 | 818 |
Uninsured conventional first mortgage | 3221705 | 2637134 | 2422228 | 45982 | 146411 | 22513 | 584571 | 212432 | 78181 | 80021 | 163626 | 46774 | 3538 |
Not available | 72755 | 65621 | 15611 | 274 | 397 | 49340 | 7134 | 96 | 32 | 11 | 14 | 85 | 6895 |
Outstanding Traditional Mortgage Debt by Holder of Mortgage Commercial bank or trust company Total mortgage debt |
791976 | 643672 | 577660 | 11614 | 35670 | 18728 | 148303 | 52845 | 17211 | 27251 | 38649 | 9753 | 2595 |
First mortgage debt | 724035 | 584522 | 523508 | 10597 | 33837 | 16581 | 139513 | 51606 | 16433 | 23932 | 35719 | 9643 | 2180 |
Junior mortgage debt | 67940 | 59150 | 54153 | 1017 | 1832 | 2148 | 8791 | 1239 | 779 | 3319 | 2930 | 110 | 414 |
Savings and loan association, federal savings bank Total mortgage debt |
519360 | 415316 | 368181 | 10079 | 24411 | 12644 | 104044 | 36055 | 15677 | 19252 | 22626 | 7935 | 2498 |
First mortgage debt | 491009 | 391492 | 347368 | 9690 | 24185 | 10249 | 99517 | 34383 | 15356 | 18440 | 21686 | 7359 | 2293 |
Junior mortgage debt | 28350 | 23824 | 20813 | 388 | 227 | 2395 | 4527 | 1672 | 321 | 811 | 940 | 577 | 205 |
Mutual savings bank Total mortgage debt |
89008 | 67181 | 55888 | 381 | 8288 | 2624 | 21827 | 8490 | 4939 | 3268 | 3014 | 2115 | 0 |
First mortgage debt | 82858 | 61434 | 50669 | 381 | 8246 | 2137 | 21424 | 8490 | 4939 | 3100 | 2780 | 2115 | 0 |
Junior mortgage debt | 6150 | 5748 | 5219 | 0 | 42 | 487 | 402 | 0 | 0 | 168 | 234 | 0 | 0 |
Life insurance company Total mortgage debt |
85330 | 59830 | 54064 | 1268 | 4438 | 60 | 25500 | 5256 | 2182 | 3036 | 14324 | 416 | 285 |
First mortgage debt | 81165 | 56649 | 51197 | 1129 | 4262 | 60 | 24516 | 5256 | 1998 | 2910 | 13651 | 416 | 285 |
Junior mortgage debt | 4165 | 3181 | 2867 | 138 | 176 | 0 | 984 | 0 | 184 | 127 | 673 | 0 | 0 |
Mortgage banker or mortgage company Total mortgage debt |
463421 | 412016 | 373171 | 6708 | 28012 | 4125 | 51404 | 29718 | 6192 | 4840 | 1994 | 8413 | 248 |
First mortgage debt | 452404 | 404487 | 365801 | 6708 | 27853 | 4125 | 47917 | 26549 | 6156 | 4830 | 1905 | 8229 | 248 |
Junior mortgage debt | 11017 | 7529 | 7370 | 0 | 159 | 0 | 3488 | 3169 | 36 | 10 | 89 | 184 | 0 |
Federally-sponsored secondary market agency or pool Total mortgage debt |
2127529 | 1799109 | 1665622 | 24023 | 95850 | 13614 | 328420 | 121224 | 40627 | 31617 | 107347 | 26356 | 1249 |
First mortgage debt | 2053699 | 1743315 | 1612816 | 23403 | 94021 | 13075 | 310385 | 113077 | 39269 | 29408 | 101591 | 25790 | 1249 |
Junior mortgage debt | 73830 | 55794 | 52806 | 621 | 1829 | 539 | 18036 | 8147 | 1359 | 2209 | 5755 | 566 | 0 |
Conventional mortgage pool Total mortgage debt |
96863 | 89478 | 82178 | 3041 | 2815 | 1444 | 7385 | 3062 | 786 | 742 | 2632 | 163 | 0 |
First mortgage debt | 92449 | 85211 | 78143 | 2938 | 2685 | 1444 | 7238 | 3062 | 786 | 740 | 2488 | 163 | 0 |
Junior mortgage debt | 4413 | 4267 | 4035 | 103 | 130 | 0 | 146 | 0 | 0 | 2 | 144 | 0 | 0 |
Other federal agency Total mortgage debt |
128137 | 94355 | 84185 | 1873 | 7976 | 321 | 33782 | 10500 | 1919 | 8924 | 10211 | 2228 | 0 |
First mortgage debt | 121173 | 88431 | 78459 | 1726 | 7924 | 321 | 32742 | 10500 | 1826 | 8593 | 9595 | 2228 | 0 |
Junior mortgage debt | 6964 | 5924 | 5726 | 146 | 51 | 0 | 1040 | 0 | 93 | 331 | 617 | 0 | 0 |
Real estate investment trust Total mortgage debt |
11487 | 6432 | 6175 | 0 | 257 | 0 | 5055 | 1242 | 224 | 813 | 2776 | 0 | 0 |
First mortgage debt | 11000 | 6097 | 5840 | 0 | 257 | 0 | 4903 | 1242 | 224 | 708 | 2729 | 0 | 0 |
Junior mortgage debt | 487 | 335 | 335 | 0 | 0 | 0 | 152 | 0 | 0 | 105 | 47 | 0 | 0 |
Pension or retirement fund Total mortgage debt |
7048 | 3994 | 3261 | 0 | 613 | 120 | 3054 | 339 | 0 | 354 | 2361 | 0 | 0 |
First mortgage debt | 6888 | 3915 | 3182 | 0 | 613 | 120 | 2973 | 339 | 0 | 353 | 2281 | 0 | 0 |
Junior mortgage debt | 160 | 79 | 79 | 0 | 0 | 0 | 81 | 0 | 0 | 2 | 80 | 0 | 0 |
Credit union Total mortgage debt |
147711 | 125249 | 114557 | 930 | 4363 | 5399 | 22462 | 8324 | 3853 | 2322 | 6123 | 1075 | 766 |
First mortgage debt | 127859 | 107089 | 98039 | 882 | 4233 | 3935 | 20770 | 7272 | 3583 | 2229 | 5845 | 1075 | 766 |
Junior mortgage debt | 19852 | 18161 | 16518 | 48 | 130 | 1464 | 1692 | 1052 | 269 | 93 | 277 | 0 | 0 |
Finance company Total mortgage debt |
120016 | 104190 | 67446 | 1134 | 1639 | 33971 | 15825 | 5862 | 981 | 982 | 3222 | 26 | 4752 |
First mortgage debt | 101278 | 86029 | 56558 | 996 | 1552 | 26923 | 15249 | 5623 | 981 | 900 | 3049 | 0 | 4696 |
Junior mortgage debt | 18737 | 18161 | 10888 | 138 | 87 | 7048 | 576 | 239 | 0 | 82 | 173 | 26 | 56 |
State or municipal government or housing finance agency Total mortgage debt |
180222 | 132177 | 122158 | 4205 | 4425 | 1389 | 48045 | 16470 | 5759 | 5673 | 19046 | 1069 | 28 |
First mortgage debt | 168897 | 124183 | 115680 | 3689 | 3494 | 1320 | 44714 | 16385 | 5300 | 5054 | 16877 | 1069 | 28 |
Junior mortgage debt | 11325 | 7993 | 6477 | 517 | 930 | 69 | 3331 | 85 | 459 | 619 | 2169 | 0 | 0 |
Individual or individual's estate Total mortgage debt |
77124 | 57532 | 52098 | 2538 | 2599 | 298 | 19591 | 4853 | 3477 | 4541 | 3996 | 2518 | 207 |
First mortgage debt | 72067 | 53766 | 48806 | 2381 | 2280 | 298 | 18301 | 4554 | 3334 | 3957 | 3731 | 2518 | 207 |
Junior mortgage debt | 5057 | 3767 | 3292 | 156 | 318 | 0 | 1290 | 298 | 144 | 584 | 264 | 0 | 0 |
Other Total mortgage debt |
82027 | 62228 | 52255 | 1499 | 5365 | 3108 | 19799 | 4696 | 1319 | 3062 | 8591 | 2058 | 74 |
First mortgage debt | 73748 | 55939 | 47221 | 1376 | 5083 | 2258 | 17809 | 3944 | 1138 | 2911 | 8063 | 1754 | 0 |
Junior mortgage debt | 8279 | 6289 | 5034 | 123 | 282 | 850 | 1990 | 752 | 181 | 151 | 527 | 304 | 74 |
Outstanding Equity Line of Credit Debt by Holder Commercial bank or trust company |
31832 | 31057 | 28454 | 1029 | 1317 | 256 | 775 | 464 | 254 | 4 | 20 | 33 | 0 |
Savings and loan association, federal savings bank |
8857 | 8805 | 8668 | 109 | 28 | 0 | 52 | 0 | 0 | 52 | 0 | 0 | 0 |
Mutual savings bank | 2257 | 2249 | 2249 | 0 | 0 | 0 | 8 | 0 | 0 | 8 | 0 | 0 | 0 |
Credit union | 11466 | 10714 | 10646 | 33 | 34 | 0 | 752 | 517 | 175 | 7 | 0 | 53 | 0 |
Finance company | 4812 | 4812 | 4580 | 186 | 0 | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other | 1512 | 1467 | 1202 | 53 | 181 | 31 | 45 | 36 | 0 | 9 | 0 | 0 | 0 |
Outstanding Installment Debt by Holder Commercial bank or trust company |
12097 | 11682 | 0 | 0 | 0 | 11682 | 414 | 0 | 0 | 0 | 0 | 0 | 414 |
Savings and loan association, federal savings bank |
11266 | 9656 | 0 | 0 | 0 | 9656 | 1610 | 0 | 0 | 0 | 0 | 0 | 1610 |
Mutual savings bank | 2468 | 2468 | 0 | 0 | 0 | 2468 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Credit union | 5310 | 4544 | 0 | 0 | 0 | 4544 | 766 | 0 | 0 | 0 | 0 | 0 | 766 |
Finance company | 35908 | 31156 | 0 | 0 | 0 | 31156 | 4752 | 0 | 0 | 0 | 0 | 0 | 4752 |
State or municipal government or housing finance agency |
591 | 563 | 0 | 0 | 0 | 563 | 28 | 0 | 0 | 0 | 0 | 0 | 28 |
Other | 2961 | 2887 | 0 | 0 | 0 | 2887 | 74 | 0 | 0 | 0 | 0 | 0 | 74 |