Residential Finance Survey |
|
Fixed rate mortgage | |||||
---|---|---|---|---|---|
Total mortgaged properties |
Amortized | Short term with balloon payment |
Adjustable rate mortgage (ARM) |
Other mortgage | |
2- to 4-housing-unit properties with traditional first mortgage |
112 | 91 | 8 | 13 | 0 |
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase |
111 | 91 | 8 | 12 | 0 |
Placed one new mortgage | 98 | 80 | 8 | 9 | 0 |
Placed two or more new mortgages | 8 | 6 | 0 | 2 | 0 |
Assumed mortgage(s) already on property | 1 | 0 | 0 | 1 | 0 |
Assumed mortgage(s) already on property and placed new mortgage |
2 | 2 | 0 | 0 | 0 |
Borrowed using assets other than this property as collateral |
3 | 3 | 0 | 0 | 0 |
Paid all cash-no borrowing | 0 | 0 | 0 | 0 | 0 |
Other manner | 0 | 0 | 0 | 0 | 0 |
By inheritance or gift | 0 | 0 | 0 | 0 | 0 |
By divorce | 0 | 0 | 0 | 0 | 0 |
By some other manner | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
60 | 46 | 5 | 9 | 0 |
Sale of previous home | 17 | 15 | 0 | 2 | 0 |
Sale of other real property or other investments |
3 | 3 | 0 | 0 | 0 |
Savings | 31 | 25 | 3 | 3 | 0 |
Borrowing from a retirement plan | 0 | 0 | 0 | 0 | 0 |
Borrowing using assets other than this property as collateral |
0 | 0 | 0 | 0 | 0 |
Proceeds from an insurance policy | 0 | 0 | 0 | 0 | 0 |
Payments in a lease-purchase agreement | 0 | 0 | 0 | 0 | 0 |
From a state or local government source | 0 | 0 | 0 | 0 | 0 |
From a non-profit organization | 0 | 0 | 0 | 0 | 0 |
From parents or relatives | 12 | 7 | 0 | 5 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
No downpayment required | 4 | 1 | 2 | 2 | 0 |
Not reported | 2 | 2 | 0 | 0 | 0 |
Other properties | 52 | 45 | 3 | 4 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Year Property Acquired 1999 to 2001 (part) |
35 | 26 | 4 | 5 | 0 |
1997 and 1998 | 21 | 17 | 0 | 4 | 0 |
1995 and 1996 | 4 | 3 | 1 | 0 | 0 |
1990 to 1994 | 24 | 19 | 1 | 3 | 0 |
1985 to 1989 | 13 | 11 | 2 | 0 | 0 |
1980 to 1984 | 2 | 2 | 0 | 0 | 0 |
1975 to 1979 | 9 | 9 | 0 | 0 | 0 |
1970 to 1974 | 1 | 1 | 0 | 0 | 0 |
1969 or earlier | 3 | 3 | 0 | 0 | 0 |
Property New or Previously Occupied When Acquired Acquired by purchase |
111 | 91 | 8 | 12 | 0 |
New | 16 | 11 | 0 | 5 | 0 |
Previously occupied by someone else | 95 | 80 | 8 | 7 | 0 |
Converted from non-residential use | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Other properties | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Year Structure Built 1999 to March 2000 |
9 | 7 | 2 | 0 | 0 |
1997 and 1998 | 7 | 3 | 0 | 4 | 0 |
1995 and 1996 | 1 | 1 | 0 | 0 | 0 |
1990 to 1994 | 8 | 7 | 0 | 2 | 0 |
1980 to 1989 | 21 | 18 | 0 | 3 | 0 |
1970 to 1979 | 20 | 16 | 3 | 0 | 0 |
1960 to 1969 | 6 | 2 | 2 | 2 | 0 |
1950 to 1959 | 12 | 12 | 0 | 0 | 0 |
1940 to 1949 | 9 | 8 | 1 | 0 | 0 |
1939 or earlier | 18 | 16 | 0 | 3 | 0 |
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part) |
56 | 43 | 4 | 9 | 0 |
Less than $20,000 | 2 | 2 | 0 | 0 | 0 |
$20,000 to $39,999 | 23 | 14 | 2 | 7 | 0 |
$40,000 to $59,999 | 14 | 14 | 0 | 0 | 0 |
$60,000 to $79,999 | 9 | 9 | 0 | 0 | 0 |
$80,000 to $99,999 | 4 | 2 | 2 | 0 | 0 |
$100,000 to $124,999 | 4 | 2 | 0 | 2 | 0 |
$125,000 to $149,999 | 0 | 0 | 0 | 0 | 0 |
$150,000 to $174,999 | 0 | 0 | 0 | 0 | 0 |
$175,000 to $199,999 | 0 | 0 | 0 | 0 | 0 |
$200,000 to $249,999 | 0 | 0 | 0 | 0 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 to $499,999 | 0 | 0 | 0 | 0 | 0 |
$500,000 or more | 0 | 0 | 0 | 0 | 0 |
Median | 44869 | 48394 | 39562 | 32832 | 20000- |
Mean | 48281 | 48491 | 54007 | 44938 | 0 |
Other properties | 56 | 48 | 5 | 4 | 0 |
Value Less than $20,000 |
0 | 0 | 0 | 0 | 0 |
$20,000 to $39,999 | 6 | 4 | 2 | 0 | 0 |
$40,000 to $59,999 | 9 | 8 | 0 | 1 | 0 |
$60,000 to $79,999 | 15 | 13 | 2 | 0 | 0 |
$80,000 to $99,999 | 22 | 19 | 1 | 3 | 0 |
$100,000 to $124,999 | 11 | 10 | 1 | 0 | 0 |
$125,000 to $149,999 | 25 | 22 | 0 | 3 | 0 |
$150,000 to $174,999 | 6 | 4 | 0 | 2 | 0 |
$175,000 to $199,999 | 2 | 2 | 0 | 0 | 0 |
$200,000 to $249,999 | 4 | 4 | 0 | 0 | 0 |
$250,000 to $299,999 | 9 | 4 | 2 | 4 | 0 |
$300,000 to $499,999 | 2 | 2 | 0 | 0 | 0 |
$500,000 or more | 0 | 0 | 0 | 0 | 0 |
Median | 107444 | 104389 | 84099 | 145126 | 20000- |
Mean | 121163 | 115752 | 107795 | 169126 | 0 |
Value Per Housing Unit@8 Less than $20,000 |
6 | 4 | 2 | 0 | 0 |
$20,000 to $39,999 | 32 | 28 | 3 | 1 | 0 |
$40,000 to $59,999 | 38 | 29 | 1 | 7 | 0 |
$60,000 to $79,999 | 21 | 21 | 0 | 0 | 0 |
$80,000 to $99,999 | 1 | 1 | 0 | 0 | 0 |
$100,000 to $124,999 | 3 | 3 | 0 | 0 | 0 |
$125,000 to $149,999 | 9 | 4 | 2 | 4 | 0 |
$150,000 to $174,999 | 0 | 0 | 0 | 0 | 0 |
$175,000 to $199,999 | 2 | 2 | 0 | 0 | 0 |
$200,000 to $249,999 | 0 | 0 | 0 | 0 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 to $499,999 | 0 | 0 | 0 | 0 | 0 |
$500,000 or more | 0 | 0 | 0 | 0 | 0 |
Median | 49161 | 49063 | 33615 | 53945 | 20000- |
Mean | 55443 | 53559 | 49498 | 72997 | 0 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
51 | 41 | 2 | 8 | 0 |
Less than $500 | 0 | 0 | 0 | 0 | 0 |
$500 to $999 | 0 | 0 | 0 | 0 | 0 |
$1,000 to $2,499 | 13 | 13 | 0 | 0 | 0 |
$2,500 to $4,999 | 5 | 3 | 0 | 2 | 0 |
$5,000 to $7,499 | 13 | 9 | 0 | 3 | 0 |
$7,500 to $9,999 | 5 | 5 | 0 | 0 | 0 |
$10,000 to $14,999 | 9 | 7 | 2 | 0 | 0 |
$15,000 to $19,999 | 0 | 0 | 0 | 0 | 0 |
$20,000 to $29,999 | 0 | 0 | 0 | 0 | 0 |
$30,000 or more | 6 | 4 | 0 | 3 | 0 |
Median | 6504 | 6234 | 12500 | 6604 | 500- |
Mean | 11252 | 9091 | 10000 | 22445 | 0 |
Properties with no capital improvements between 1998 and 2000 |
43 | 36 | 5 | 3 | 0 |
Capital improvements not reported |
17 | 14 | 2 | 2 | 0 |
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000 |
51 | 41 | 2 | 8 | 0 |
Less than $500 | 3 | 3 | 0 | 0 | 0 |
$500 to $999 | 5 | 5 | 0 | 0 | 0 |
$1,000 to $2,499 | 15 | 10 | 0 | 5 | 0 |
$2,500 to $4,999 | 14 | 14 | 0 | 0 | 0 |
$5,000 to $7,499 | 8 | 6 | 2 | 0 | 0 |
$7,500 to $9,999 | 1 | 1 | 0 | 0 | 0 |
$10,000 to $14,999 | 1 | 1 | 0 | 0 | 0 |
$15,000 to $19,999 | 0 | 0 | 0 | 0 | 0 |
$20,000 to $29,999 | 0 | 0 | 0 | 0 | 0 |
$30,000 or more | 4 | 1 | 0 | 3 | 0 |
Median | 3030 | 3078 | 6250 | 2166 | 500- |
Mean | 4959 | 3823 | 5000 | 10689 | 0 |
Properties with no capital improvements between 1998 and 2000 |
43 | 36 | 5 | 3 | 0 |
Capital improvements not reported |
17 | 14 | 2 | 2 | 0 |
Age Restrictions Property located in subdivision restricted to people age 55 or older |
0 | 0 | 0 | 0 | 0 |
Property located in subdivision not restricted to people age 55 or older |
106 | 87 | 6 | 13 | 0 |
Not reported | 5 | 3 | 2 | 0 | 0 |
Neighborhood Composition Property located in subdivision or neighborhood occupied predominantly by people age 55 or older |
15 | 15 | 0 | 0 | 0 |
Property located in subdivision or neighborhood not occupied predominantly by people age 55 or older |
74 | 56 | 6 | 11 | 0 |
Don't know or not reported | 23 | 20 | 2 | 1 | 0 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
4 | 4 | 0 | 0 | 0 |
Other government grant or subsidy | 0 | 0 | 0 | 0 | 0 |
Property tax relief | 7 | 7 | 0 | 0 | 0 |
Subsidy from a non-profit corporation | 0 | 0 | 0 | 0 | 0 |
None of the above benefits | 81 | 64 | 6 | 11 | 0 |
Not reported | 20 | 16 | 2 | 2 | 0 |
Source of Property Benefits@1 With property benefits |
11 | 11 | 0 | 0 | 0 |
Federal government | 4 | 4 | 0 | 0 | 0 |
State government | 5 | 5 | 0 | 0 | 0 |
Local government | 0 | 0 | 0 | 0 | 0 |
Non-profit corporation | 0 | 0 | 0 | 0 | 0 |
Not reported | 2 | 2 | 0 | 0 | 0 |
With no property benefits | 81 | 64 | 6 | 11 | 0 |
Not reported | 20 | 16 | 2 | 2 | 0 |
Reason for Benefits@1 With property benefits |
11 | 11 | 0 | 0 | 0 |
Occupied by low- or moderate-income individuals |
2 | 2 | 0 | 0 | 0 |
Occupied by elderly or disabled individuals |
0 | 0 | 0 | 0 | 0 |
A historic structure | 0 | 0 | 0 | 0 | 0 |
Located in a community development or economic development area |
0 | 0 | 0 | 0 | 0 |
Covered by a Homestead Exemption | 7 | 7 | 0 | 0 | 0 |
Covered by a Community Land Trust | 0 | 0 | 0 | 0 | 0 |
Covered by disaster relief | 0 | 0 | 0 | 0 | 0 |
Other reason | 2 | 2 | 0 | 0 | 0 |
Not reported | 2 | 2 | 0 | 0 | 0 |
With no property benefits | 81 | 64 | 6 | 11 | 0 |
Not reported | 20 | 16 | 2 | 2 | 0 |
OWNER CHARACTERISTICS Owner Status 1 owner |
44 | 32 | 5 | 7 | 0 |
2 owners | 68 | 59 | 3 | 6 | 0 |
3 or more owners | 0 | 0 | 0 | 0 | 0 |
Age of Owner Under 25 |
2 | 2 | 0 | 0 | 0 |
25 to 34 | 19 | 17 | 0 | 2 | 0 |
35 to 44 | 25 | 21 | 0 | 4 | 0 |
45 to 54 | 24 | 18 | 2 | 4 | 0 |
55 to 64 | 23 | 18 | 3 | 3 | 0 |
65 to 74 | 5 | 5 | 0 | 0 | 0 |
75 and over | 5 | 3 | 2 | 0 | 0 |
Not reported | 8 | 6 | 2 | 0 | 0 |
Median | 47 | 45 | 60 | 47 | 25- |
Race of Owner White alone |
99 | 78 | 8 | 13 | 0 |
Black or African American alone | 13 | 13 | 0 | 0 | 0 |
American Indian or Alaska Native alone | 0 | 0 | 0 | 0 | 0 |
Asian alone | 0 | 0 | 0 | 0 | 0 |
Native Hawaiian or Other Pacific Islander alone |
0 | 0 | 0 | 0 | 0 |
Two or more races | 0 | 0 | 0 | 0 | 0 |
Sex of Owner Male/Male and female co-owners |
80 | 67 | 6 | 6 | 0 |
Female | 32 | 24 | 2 | 7 | 0 |
Hispanic/Latino Origin Hispanic/Latino owner(s) only |
24 | 16 | 1 | 7 | 0 |
No Hispanic/Latino owner(s) | 87 | 75 | 7 | 6 | 0 |
Veteran Status@1 Veteran |
13 | 11 | 1 | 1 | 0 |
Active member of Reserves or National Guard for at least 6 years |
0 | 0 | 0 | 0 | 0 |
Persian Gulf War or after (August 1990 to present) |
0 | 0 | 0 | 0 | 0 |
Vietnam or after (August 1964 to July 1990) |
9 | 6 | 1 | 1 | 0 |
Korean conflict or after (July 1950 to July 1964) |
4 | 4 | 0 | 0 | 0 |
World War II or after (September 1940 to June 1950) |
2 | 2 | 0 | 0 | 0 |
Nonveteran | 92 | 76 | 5 | 11 | 0 |
Not reported | 6 | 4 | 2 | 0 | 0 |
Income Less than $5,000 |
11 | 9 | 0 | 2 | 0 |
$5,000 to $9,999 | 0 | 0 | 0 | 0 | 0 |
$10,000 to $14,999 | 3 | 3 | 0 | 0 | 0 |
$15,000 to $19,999 | 4 | 3 | 1 | 0 | 0 |
$20,000 to $24,999 | 11 | 6 | 4 | 2 | 0 |
$25,000 to $29,999 | 4 | 4 | 0 | 0 | 0 |
$30,000 to $34,999 | 5 | 5 | 0 | 0 | 0 |
$35,000 to $39,999 | 15 | 13 | 0 | 2 | 0 |
$40,000 to $49,999 | 13 | 11 | 0 | 2 | 0 |
$50,000 to $59,999 | 14 | 10 | 0 | 4 | 0 |
$60,000 to $79,999 | 11 | 11 | 0 | 0 | 0 |
$80,000 to $99,999 | 4 | 4 | 0 | 0 | 0 |
$100,000 to $119,999 | 10 | 6 | 2 | 2 | 0 |
$120,000 or more | 7 | 5 | 1 | 0 | 0 |
Median | 41148 | 41628 | 23631 | 44370 | 5000- |
Mean | 56841 | 58203 | 57646 | 46444 | 0 |
Owned Home Previously Previously owned home |
55 | 41 | 3 | 11 | 0 |
Never owned home before | 47 | 42 | 3 | 2 | 0 |
Not reported | 10 | 8 | 2 | 0 | 0 |
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail |
0 | 0 | 0 | 0 | 0 |
By telephone or FAX | 7 | 6 | 1 | 0 | 0 |
By regular mail | 5 | 5 | 0 | 0 | 0 |
By personal visit | 67 | 55 | 3 | 9 | 0 |
Through third party (such as real estate agent or builder) |
26 | 22 | 2 | 2 | 0 |
Some other way | 0 | 0 | 0 | 0 | 0 |
Not reported | 7 | 3 | 2 | 2 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
Origin of First Mortgage Mortgage made at time property acquired |
80 | 64 | 6 | 9 | 0 |
Mortgage assumed at the time property acquired |
3 | 2 | 0 | 1 | 0 |
Mortgage placed later than acquisition of property |
29 | 25 | 2 | 2 | 0 |
Refinanced mortgage | 27 | 23 | 2 | 2 | 0 |
Same lender | 7 | 7 | 0 | 0 | 0 |
Different lender | 20 | 16 | 2 | 2 | 0 |
Mortgage placed on property owned free and clear of debt |
2 | 2 | 0 | 0 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
Purpose of First Mortgage Placed Later Than Acquisition of Property Properties on which mortgages placed later than acquisition of property |
29 | 25 | 2 | 2 | 0 |
Obtain lower interest rate | 20 | 16 | 2 | 2 | 0 |
Increase payment period for mortgage | 0 | 0 | 0 | 0 | 0 |
Reduce payment period for mortgage | 2 | 2 | 0 | 0 | 0 |
Renew or extend loan that had fallen due, without increasing outstanding balance |
0 | 0 | 0 | 0 | 0 |
Receive cash or increase outstanding balance of loan |
7 | 7 | 0 | 0 | 0 |
Other reason | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Other properties | 83 | 66 | 6 | 10 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
Cash Received From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received |
11 | 9 | 0 | 2 | 0 |
Less than $20,000 | 7 | 5 | 0 | 2 | 0 |
$20,000 to $39,999 | 4 | 4 | 0 | 0 | 0 |
$40,000 to $59,999 | 0 | 0 | 0 | 0 | 0 |
$60,000 to $79,999 | 0 | 0 | 0 | 0 | 0 |
$80,000 to $99,999 | 0 | 0 | 0 | 0 | 0 |
$100,000 to $124,999 | 0 | 0 | 0 | 0 | 0 |
$125,000 to $149,999 | 0 | 0 | 0 | 0 | 0 |
$150,000 to $174,999 | 0 | 0 | 0 | 0 | 0 |
$175,000 to $199,999 | 0 | 0 | 0 | 0 | 0 |
$200,000 to $249,999 | 0 | 0 | 0 | 0 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 0 | 0 | 0 | 0 | 0 |
Median | 20000- | 20000- | 20000- | 20000- | 20000- |
Mean | 17266 | 19102 | 0 | 10000 | 0 |
Properties that refinanced and did not receive cash back |
15 | 13 | 2 | 0 | 0 |
Properties that refinanced and did not report if received cash back |
3 | 3 | 0 | 0 | 0 |
Properties that did not refinance |
83 | 66 | 6 | 10 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
Use of Cash From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received@1 |
11 | 9 | 0 | 2 | 0 |
For additions, improvements or repairs to this property |
8 | 7 | 0 | 0 | 0 |
To consolidate debts | 4 | 2 | 0 | 2 | 0 |
For investment in other real estate | 0 | 0 | 0 | 0 | 0 |
For other types of investments | 0 | 0 | 0 | 0 | 0 |
For educational or medical expenses | 2 | 2 | 0 | 0 | 0 |
To start a business | 0 | 0 | 0 | 0 | 0 |
To settle a divorce | 2 | 2 | 0 | 0 | 0 |
To pay taxes | 0 | 0 | 0 | 0 | 0 |
To purchase an automobile, truck, or other vehicle |
2 | 2 | 0 | 0 | 0 |
To purchase consumer product other than automobile, truck, or other vehicle |
0 | 0 | 0 | 0 | 0 |
Other | 2 | 2 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Properties that refinanced and did not receive cash back |
15 | 13 | 2 | 0 | 0 |
Properties that refinanced and did not report if received cash back |
3 | 3 | 0 | 0 | 0 |
Properties that did not refinance |
83 | 66 | 6 | 10 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
Year First Mortgage Made or Assumed 1999 to 2001 (part) |
45 | 34 | 4 | 8 | 0 |
1997 and 1998 | 27 | 25 | 0 | 2 | 0 |
1995 and 1996 | 8 | 5 | 3 | 0 | 0 |
1990 to 1994 | 22 | 17 | 1 | 3 | 0 |
1985 to 1989 | 4 | 4 | 0 | 0 | 0 |
1980 to 1984 | 4 | 4 | 0 | 0 | 0 |
1979 or earlier | 2 | 2 | 0 | 0 | 0 |
First Mortgage Insurance Status FHA-insured first mortgage |
22 | 19 | 0 | 3 | 0 |
VA-guaranteed first mortgage | 2 | 2 | 0 | 0 | 0 |
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage |
1 | 1 | 0 | 0 | 0 |
Other federal, state, or local government-insured or guaranteed first mortgage |
3 | 1 | 2 | 0 | 0 |
Insured conventional first mortgage | 6 | 4 | 0 | 2 | 0 |
Uninsured conventional first mortgage | 79 | 64 | 6 | 8 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Traditional First Mortgage Loan Less than $20,000 |
4 | 4 | 0 | 0 | 0 |
$20,000 to $29,999 | 14 | 12 | 2 | 0 | 0 |
$30,000 to $39,999 | 8 | 8 | 0 | 0 | 0 |
$40,000 to $49,999 | 4 | 2 | 0 | 2 | 0 |
$50,000 to $59,999 | 17 | 13 | 3 | 1 | 0 |
$60,000 to $79,999 | 12 | 12 | 0 | 0 | 0 |
$80,000 to $99,999 | 25 | 20 | 1 | 5 | 0 |
$100,000 to $149,999 | 22 | 20 | 0 | 2 | 0 |
$150,000 to $199,999 | 4 | 1 | 2 | 2 | 0 |
$200,000 to $249,999 | 2 | 0 | 0 | 2 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 75229 | 70821 | 56891 | 95746 | 20000- |
Mean | 76031 | 71910 | 74725 | 106738 | 0 |
Total Mortgage Loan Less than $20,000 |
4 | 4 | 0 | 0 | 0 |
$20,000 to $29,999 | 14 | 12 | 2 | 0 | 0 |
$30,000 to $39,999 | 8 | 8 | 0 | 0 | 0 |
$40,000 to $49,999 | 4 | 2 | 0 | 2 | 0 |
$50,000 to $59,999 | 14 | 9 | 3 | 1 | 0 |
$60,000 to $79,999 | 10 | 10 | 0 | 0 | 0 |
$80,000 to $99,999 | 27 | 21 | 1 | 5 | 0 |
$100,000 to $149,999 | 21 | 20 | 0 | 2 | 0 |
$150,000 to $199,999 | 6 | 2 | 2 | 2 | 0 |
$200,000 to $249,999 | 2 | 0 | 0 | 2 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 1 | 1 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 81340 | 78555 | 56891 | 95746 | 20000- |
Mean | 85625 | 83201 | 74725 | 110334 | 0 |
Traditional First Mortgage Outstanding Debt Less than $10,000 |
1 | 1 | 0 | 0 | 0 |
$10,000 to $19,999 | 5 | 5 | 0 | 0 | 0 |
$20,000 to $29,999 | 16 | 15 | 2 | 0 | 0 |
$30,000 to $39,999 | 8 | 8 | 0 | 0 | 0 |
$40,000 to $49,999 | 7 | 2 | 3 | 2 | 0 |
$50,000 to $59,999 | 11 | 10 | 0 | 1 | 0 |
$60,000 to $79,999 | 15 | 15 | 0 | 0 | 0 |
$80,000 to $99,999 | 25 | 18 | 1 | 6 | 0 |
$100,000 to $149,999 | 21 | 17 | 2 | 2 | 0 |
$150,000 to $199,999 | 2 | 0 | 0 | 2 | 0 |
$200,000 to $249,999 | 0 | 0 | 0 | 0 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 68991 | 65590 | 46891 | 91591 | 10000- |
Mean | 69404 | 65588 | 63840 | 100703 | 0 |
Total Mortgage Outstanding Debt Less than $10,000 |
1 | 1 | 0 | 0 | 0 |
$10,000 to $19,999 | 5 | 5 | 0 | 0 | 0 |
$20,000 to $29,999 | 16 | 15 | 2 | 0 | 0 |
$30,000 to $39,999 | 8 | 8 | 0 | 0 | 0 |
$40,000 to $49,999 | 7 | 2 | 3 | 2 | 0 |
$50,000 to $59,999 | 8 | 7 | 0 | 1 | 0 |
$60,000 to $79,999 | 15 | 15 | 0 | 0 | 0 |
$80,000 to $99,999 | 24 | 16 | 1 | 6 | 0 |
$100,000 to $149,999 | 22 | 18 | 2 | 2 | 0 |
$150,000 to $199,999 | 2 | 2 | 0 | 0 | 0 |
$200,000 to $249,999 | 2 | 0 | 0 | 2 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 1 | 1 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 72920 | 69625 | 46891 | 91591 | 10000- |
Mean | 78930 | 76849 | 63840 | 103907 | 0 |
Current Interest Rate on First Mortgage Less than 6.0 percent |
36 | 29 | 5 | 2 | 0 |
6.0 percent | 0 | 0 | 0 | 0 | 0 |
6.1 to 6.4 percent | 1 | 1 | 0 | 0 | 0 |
6.5 to 6.9 percent | 3 | 3 | 0 | 0 | 0 |
7.0 percent | 13 | 11 | 0 | 2 | 0 |
7.1 to 7.4 percent | 13 | 10 | 2 | 2 | 0 |
7.5 to 7.9 percent | 4 | 4 | 0 | 0 | 0 |
8.0 percent | 3 | 3 | 0 | 0 | 0 |
8.1 to 8.4 percent | 0 | 0 | 0 | 0 | 0 |
8.5 to 8.9 percent | 3 | 3 | 0 | 0 | 0 |
9.0 percent | 0 | 0 | 0 | 0 | 0 |
9.1 to 9.4 percent | 4 | 2 | 0 | 3 | 0 |
9.5 to 9.9 percent | 0 | 0 | 0 | 0 | 0 |
10.0 percent | 2 | 0 | 2 | 0 | 0 |
10.1 to 10.4 percent | 3 | 3 | 0 | 0 | 0 |
10.5 to 10.9 percent | 3 | 3 | 0 | 0 | 0 |
11.0 percent | 6 | 6 | 0 | 0 | 0 |
11.1 to 12.9 percent | 4 | 4 | 0 | 0 | 0 |
13.0 percent | 0 | 0 | 0 | 0 | 0 |
13.1 percent or more | 15 | 10 | 0 | 5 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 7.2 | 7.1 | 5.4 | 9.3 | 0.0 |
Type of Interest Rate Buydown Properties with interest rate buydown |
2 | 2 | 0 | 0 | 0 |
Constant payment | 0 | 0 | 0 | 0 | 0 |
3-2-1 buydown | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 2 | 2 | 0 | 0 | 0 |
Properties without interest rate buydown |
36 | 30 | 4 | 2 | 0 |
Not reported | 74 | 58 | 5 | 11 | 0 |
Term of First Mortgage Less than 5 years |
4 | 0 | 4 | 0 | 0 |
5 years | 0 | 0 | 0 | 0 | 0 |
6 to 9 years | 0 | 0 | 0 | 0 | 0 |
10 years | 3 | 3 | 0 | 0 | 0 |
11 to 14 years | 0 | 0 | 0 | 0 | 0 |
15 years | 8 | 7 | 0 | 0 | 0 |
16 to 19 years | 0 | 0 | 0 | 0 | 0 |
20 years | 1 | 1 | 0 | 0 | 0 |
21 to 24 years | 0 | 0 | 0 | 0 | 0 |
25 years | 0 | 0 | 0 | 0 | 0 |
26 to 29 years | 0 | 0 | 0 | 0 | 0 |
30 years | 38 | 34 | 0 | 4 | 0 |
More than 30 years | 0 | 0 | 0 | 0 | 0 |
No stated term | 58 | 46 | 5 | 8 | 0 |
Median | 30 | 30 | 5- | 30 | 5- |
Unexpired Term of First Mortgage Less than 5 years |
4 | 1 | 4 | 0 | 0 |
5 to 9 years | 3 | 3 | 0 | 0 | 0 |
10 to 14 years | 8 | 7 | 0 | 0 | 0 |
15 to 19 years | 1 | 1 | 0 | 0 | 0 |
20 to 24 years | 5 | 3 | 0 | 2 | 0 |
25 to 29 years | 24 | 21 | 0 | 3 | 0 |
30 or more years | 9 | 9 | 0 | 0 | 0 |
No stated term or not computed | 58 | 46 | 5 | 8 | 0 |
Median | 26 | 26 | 5- | 25 | 5- |
Holder of First Mortgage Commercial bank or trust company |
25 | 19 | 3 | 3 | 0 |
Savings and loan association, federal savings bank |
4 | 2 | 0 | 2 | 0 |
Mutual savings bank | 0 | 0 | 0 | 0 | 0 |
Life insurance company | 0 | 0 | 0 | 0 | 0 |
Mortgage banker or mortgage company | 6 | 6 | 0 | 0 | 0 |
Federally-sponsored secondary market agency or pool |
60 | 53 | 2 | 5 | 0 |
Conventional mortgage pool | 4 | 4 | 0 | 0 | 0 |
Other federal agency | 5 | 5 | 0 | 0 | 0 |
Real estate investment trust | 0 | 0 | 0 | 0 | 0 |
Pension or retirement fund | 0 | 0 | 0 | 0 | 0 |
Credit union | 0 | 0 | 0 | 0 | 0 |
Finance company | 3 | 0 | 3 | 0 | 0 |
State or municipal government or housing finance agency |
4 | 1 | 0 | 3 | 0 |
Individual or individual's estate | 0 | 0 | 0 | 0 | 0 |
Other | 1 | 1 | 0 | 0 | 0 |
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase | 83 | 66 | 6 | 10 | 0 |
Less than 40 percent | 0 | 0 | 0 | 0 | 0 |
40 to 49 percent | 2 | 2 | 0 | 0 | 0 |
50 to 59 percent | 4 | 2 | 1 | 0 | 0 |
60 to 69 percent | 12 | 8 | 2 | 2 | 0 |
70 to 79 percent | 1 | 1 | 0 | 0 | 0 |
80 to 89 percent | 12 | 9 | 2 | 2 | 0 |
90 to 94 percent | 9 | 9 | 0 | 0 | 0 |
95 to 99 percent | 8 | 7 | 0 | 1 | 0 |
100 percent or more | 35 | 28 | 1 | 6 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 96 | 96 | 69 | 100+ | 40- |
Other properties | 29 | 25 | 2 | 2 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
First Mortgage Loan as a Percent of Value Properties acquired by purchase with first mortgage made or assumed at time of purchase |
83 | 66 | 6 | 10 | 0 |
Less than 40 percent | 2 | 2 | 0 | 0 | 0 |
40 to 49 percent | 0 | 0 | 0 | 0 | 0 |
50 to 59 percent | 3 | 0 | 3 | 0 | 0 |
60 to 69 percent | 15 | 14 | 0 | 2 | 0 |
70 to 79 percent | 3 | 2 | 0 | 2 | 0 |
80 to 89 percent | 12 | 9 | 2 | 2 | 0 |
90 to 94 percent | 10 | 10 | 0 | 0 | 0 |
95 to 99 percent | 10 | 9 | 0 | 1 | 0 |
100 percent or more | 26 | 20 | 1 | 4 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 92 | 93 | 80 | 96 | 40- |
Other properties | 29 | 25 | 2 | 2 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
First Mortgage Risk Subprime loan |
13 | 11 | 0 | 2 | 0 |
Not subprime loan | 99 | 80 | 8 | 11 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Treasury security | 2 | 0 | 0 | 2 | 0 |
Average cost of funds in bank district | 0 | 0 | 0 | 0 | 0 |
National average cost of funds | 0 | 0 | 0 | 0 | 0 |
OTS contract mortgage rate | 0 | 0 | 0 | 0 | 0 |
Other method | 0 | 0 | 0 | 0 | 0 |
No index used | 0 | 0 | 0 | 0 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Monthly | 0 | 0 | 0 | 0 | 0 |
Every 3 months | 0 | 0 | 0 | 0 | 0 |
Every 6 months | 0 | 0 | 0 | 0 | 0 |
Yearly | 2 | 0 | 0 | 2 | 0 |
Every 3 years | 0 | 0 | 0 | 0 | 0 |
Every 5 years | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 |
2 percent | 2 | 0 | 0 | 2 | 0 |
2.1 to 2.9 percent | 0 | 0 | 0 | 0 | 0 |
3 percent | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 0 | 0 | 0 | 0 | 0 |
No caps | 0 | 0 | 0 | 0 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 |
2 percent | 2 | 0 | 0 | 2 | 0 |
2.1 to 2.9 percent | 0 | 0 | 0 | 0 | 0 |
3 percent | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 0 | 0 | 0 | 0 | 0 |
No caps | 0 | 0 | 0 | 0 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Yes, rate has changed | 2 | 0 | 0 | 2 | 0 |
No change since mortgage made | 0 | 0 | 0 | 0 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 |
2 percent | 0 | 0 | 0 | 0 | 0 |
2.1 to 2.9 percent | 0 | 0 | 0 | 0 | 0 |
3 percent | 2 | 0 | 0 | 2 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4 percent | 0 | 0 | 0 | 0 | 0 |
4.1 to 4.9 percent | 0 | 0 | 0 | 0 | 0 |
5 percent or more | 0 | 0 | 0 | 0 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Median | 3.0 | 0.0 | 0.0 | 3.0 | 0.0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage |
13 | 0 | 0 | 13 | 0 |
Can be converted | 0 | 0 | 0 | 0 | 0 |
Cannot be converted | 2 | 0 | 0 | 2 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
Other properties | 99 | 91 | 8 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Change in Monthly Interest and Principal Payments Other Than Change in Interest Rate Monthly payments can change (other than change in interest ra | 0 | 0 | 0 | 0 | 0 |
Payments can change monthly | 0 | 0 | 0 | 0 | 0 |
Payments can change every three months | 0 | 0 | 0 | 0 | 0 |
Payments can change every six months | 0 | 0 | 0 | 0 | 0 |
Payments can change yearly | 0 | 0 | 0 | 0 | 0 |
Payments can change every 3 years | 0 | 0 | 0 | 0 | 0 |
Payments can change every 5 years | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Monthly payments cannot change |
101 | 91 | 8 | 2 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate) |
0 | 0 | 0 | 0 | 0 |
Yes, unrestricted negative amortization | 0 | 0 | 0 | 0 | 0 |
Yes, restricted negative amortization | 0 | 0 | 0 | 0 | 0 |
No negative amortization allowed | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Monthly payments cannot change | 101 | 91 | 8 | 2 | 0 |
Not reported | 11 | 0 | 0 | 11 | 0 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal |
106 | 89 | 6 | 11 | 0 |
Interest and principal | 106 | 89 | 6 | 11 | 0 |
Fully amortized | 96 | 85 | 0 | 11 | 0 |
Not fully amortized | 11 | 4 | 6 | 0 | 0 |
Interest only | 0 | 0 | 0 | 0 | 0 |
No regular payments required | 2 | 0 | 2 | 0 | 0 |
Not reported | 3 | 2 | 0 | 2 | 0 |
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal |
106 | 89 | 6 | 11 | 0 |
Real estate taxes | 33 | 32 | 0 | 2 | 0 |
Property insurance | 29 | 28 | 0 | 2 | 0 |
Mortgage insurance | 9 | 9 | 0 | 0 | 0 |
Other | 12 | 12 | 0 | 0 | 0 |
No items included or not reported | 73 | 57 | 6 | 9 | 0 |
No regular payments of interest and principal |
5 | 2 | 2 | 2 | 0 |
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal |
106 | 89 | 6 | 11 | 0 |
Less than $100 | 0 | 0 | 0 | 0 | 0 |
$100 to $199 | 6 | 6 | 0 | 0 | 0 |
$200 to $299 | 9 | 9 | 0 | 0 | 0 |
$300 to $399 | 15 | 12 | 3 | 0 | 0 |
$400 to $499 | 15 | 11 | 3 | 1 | 0 |
$500 to $599 | 6 | 6 | 0 | 0 | 0 |
$600 to $699 | 21 | 21 | 0 | 0 | 0 |
$700 to $799 | 7 | 5 | 0 | 3 | 0 |
$800 to $899 | 5 | 5 | 0 | 0 | 0 |
$900 to $999 | 11 | 9 | 0 | 2 | 0 |
$1,000 to $1,249 | 6 | 3 | 0 | 4 | 0 |
$1,250 to $1,499 | 5 | 3 | 0 | 2 | 0 |
$1,500 or more | 0 | 0 | 0 | 0 | 0 |
Median | 609 | 604 | 401 | 991 | 100- |
Mean | 608 | 576 | 409 | 991 | 0 |
No regular payments required | 2 | 0 | 2 | 0 | 0 |
Not reported | 3 | 2 | 0 | 2 | 0 |
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest |
110 | 91 | 6 | 13 | 0 |
Up-to-date, ahead of schedule, or less than 90 days past due |
40 | 37 | 2 | 2 | 0 |
Delinquent by 90 days or more | 0 | 0 | 0 | 0 | 0 |
Legal proceedings have begun | 0 | 0 | 0 | 0 | 0 |
Legal proceedings have not begun | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Not reported | 69 | 54 | 5 | 11 | 0 |
Other properties | 2 | 0 | 2 | 0 | 0 |
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal |
106 | 89 | 6 | 11 | 0 |
Less than $100 | 0 | 0 | 0 | 0 | 0 |
$100 to $199 | 6 | 6 | 0 | 0 | 0 |
$200 to $299 | 9 | 9 | 0 | 0 | 0 |
$300 to $399 | 13 | 10 | 3 | 0 | 0 |
$400 to $499 | 15 | 11 | 3 | 1 | 0 |
$500 to $599 | 6 | 6 | 0 | 0 | 0 |
$600 to $699 | 20 | 20 | 0 | 0 | 0 |
$700 to $799 | 8 | 5 | 0 | 3 | 0 |
$800 to $899 | 4 | 4 | 0 | 0 | 0 |
$900 to $999 | 11 | 9 | 0 | 2 | 0 |
$1,000 to $1,249 | 5 | 2 | 0 | 4 | 0 |
$1,250 to $1,499 | 7 | 6 | 0 | 2 | 0 |
$1,500 or more | 1 | 1 | 0 | 0 | 0 |
Median | 618 | 612 | 401 | 991 | 100- |
Mean | 835 | 847 | 409 | 991 | 0 |
No regular monthly payments required |
5 | 2 | 2 | 2 | 0 |
Interest and Principal Payments on Total Mortgages as Percent of Income Regular monthly payments of interest and/or principal |
106 | 89 | 6 | 11 | 0 |
Less than 5 percent | 4 | 2 | 1 | 0 | 0 |
5 to 9 percent | 18 | 18 | 0 | 0 | 0 |
10 to 14 percent | 17 | 16 | 0 | 1 | 0 |
15 to 19 percent | 27 | 20 | 2 | 4 | 0 |
20 to 24 percent | 7 | 7 | 0 | 0 | 0 |
25 to 29 percent | 11 | 6 | 3 | 2 | 0 |
30 to 34 percent | 0 | 0 | 0 | 0 | 0 |
35 to 39 percent | 5 | 3 | 0 | 2 | 0 |
40 to 49 percent | 4 | 4 | 0 | 0 | 0 |
50 percent or more | 3 | 1 | 0 | 2 | 0 |
Not reported or not computed | 9 | 9 | 0 | 0 | 0 |
Median | 16.7 | 15.7 | 25.1 | 25.2 | 4.5- |
No regular monthly payments required |
5 | 2 | 2 | 2 | 0 |