Residential Finance Survey |
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Total first and junior mortgage debt on- | First mortgage debt on- | Junior mortgage debt on- | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Properties with- | Properties with- | Properties with- | ||||||||||
All properties |
FHA first mortgage |
VA first mortgage |
Other first mortgages |
All properties |
FHA first mortgage |
VA first mortgage |
Other first mortgages |
All properties |
FHA first mortgage |
VA first mortgage |
Other first mortgages |
|
Mortgage debt on 1-housing-unit properties with traditional first mortgage |
3623101 | 318946 | 94704 | 3209451 | 3467677 | 307225 | 93450 | 3067001 | 155425 | 11721 | 1254 | 142450 |
PROPERTY CHARACTERISTICS Year Property Acquired 1999 to 2001 (part) |
1149289 | 124858 | 23407 | 1001023 | 1113226 | 122225 | 23371 | 967630 | 36062 | 2633 | 36 | 33394 |
1997 and 1998 | 698933 | 68081 | 22748 | 608104 | 675146 | 66745 | 22621 | 585781 | 23787 | 1336 | 127 | 22324 |
1995 and 1996 | 435262 | 32733 | 14320 | 388209 | 417510 | 31746 | 14161 | 371602 | 17751 | 987 | 159 | 16606 |
1990 to 1994 | 653720 | 45226 | 23339 | 585155 | 619427 | 43414 | 22848 | 553165 | 34293 | 1812 | 491 | 31990 |
1985 to 1989 | 356920 | 26011 | 4851 | 326058 | 336031 | 24202 | 4577 | 307252 | 20889 | 1809 | 273 | 18806 |
1980 to 1984 | 146230 | 9805 | 2500 | 133925 | 138915 | 8731 | 2500 | 127684 | 7315 | 1074 | 0 | 6241 |
1975 to 1979 | 110650 | 7685 | 1704 | 101261 | 100029 | 6213 | 1557 | 92258 | 10621 | 1472 | 147 | 9002 |
1970 to 1974 | 35794 | 2338 | 850 | 32605 | 33821 | 2249 | 828 | 30744 | 1973 | 89 | 22 | 1862 |
1969 or earlier | 36305 | 2210 | 985 | 33111 | 33572 | 1701 | 985 | 30886 | 2733 | 509 | 0 | 2224 |
Value Less than $20,000 |
6571 | 957 | 262 | 5353 | 6196 | 843 | 262 | 5091 | 375 | 113 | 0 | 262 |
$20,000 to $39,999 | 25362 | 3341 | 307 | 21714 | 24582 | 3341 | 285 | 20955 | 780 | 0 | 22 | 759 |
$40,000 to $59,999 | 80274 | 11660 | 2281 | 66333 | 76899 | 11110 | 2281 | 63508 | 3375 | 550 | 0 | 2825 |
$60,000 to $79,999 | 164396 | 29279 | 7077 | 128039 | 156340 | 28789 | 7077 | 120473 | 8056 | 490 | 0 | 7566 |
$80,000 to $99,999 | 285779 | 50564 | 10060 | 225155 | 273077 | 49892 | 10060 | 213126 | 12701 | 673 | 0 | 12029 |
$100,000 to $124,999 | 304573 | 47648 | 11961 | 244964 | 289747 | 46456 | 11288 | 232004 | 14825 | 1192 | 673 | 12960 |
$125,000 to $149,999 | 363439 | 50474 | 14879 | 298086 | 347048 | 49391 | 14558 | 283098 | 16391 | 1083 | 321 | 14987 |
$150,000 to $174,999 | 340740 | 37350 | 11805 | 291585 | 327156 | 36311 | 11567 | 279278 | 13584 | 1039 | 238 | 12307 |
$175,000 to $199,999 | 257313 | 32165 | 9424 | 215725 | 248329 | 31953 | 9424 | 206952 | 8984 | 211 | 0 | 8773 |
$200,000 to $249,999 | 382772 | 22380 | 15023 | 345369 | 368460 | 21268 | 15023 | 332169 | 14312 | 1112 | 0 | 13200 |
$250,000 to $299,999 | 291358 | 8752 | 5131 | 277475 | 280244 | 7888 | 5131 | 267224 | 11114 | 864 | 0 | 10250 |
$300,000 to $499,999 | 611428 | 11446 | 6312 | 593669 | 580385 | 8600 | 6312 | 565472 | 31043 | 2846 | 0 | 28197 |
$500,000 or more | 509096 | 12929 | 182 | 495986 | 489214 | 11380 | 182 | 477652 | 19883 | 1548 | 0 | 18334 |
OWNER CHARACTERISTICS Age of owner Under 25 |
24326 | 5693 | 355 | 18278 | 24287 | 5693 | 355 | 18239 | 39 | 0 | 0 | 39 |
25 to 34 | 580008 | 79139 | 15012 | 485858 | 562810 | 77876 | 15012 | 469922 | 17198 | 1263 | 0 | 15936 |
35 to 44 | 1170867 | 104764 | 33948 | 1032156 | 1118142 | 101509 | 33663 | 982970 | 52725 | 3255 | 285 | 49185 |
45 to 54 | 1024208 | 71295 | 21602 | 931311 | 977114 | 66299 | 21300 | 889516 | 47094 | 4997 | 302 | 41796 |
55 to 64 | 487254 | 29654 | 15477 | 442122 | 465542 | 28721 | 15152 | 421669 | 21712 | 934 | 325 | 20453 |
65 to 74 | 155972 | 9056 | 3153 | 143764 | 148086 | 8503 | 2984 | 136599 | 7886 | 552 | 169 | 7165 |
75 and over | 40067 | 2439 | 1519 | 36108 | 39081 | 2439 | 1346 | 35296 | 986 | 0 | 174 | 812 |
Not reported | 140398 | 16905 | 3639 | 119854 | 132614 | 16185 | 3639 | 112790 | 7784 | 720 | 0 | 7064 |
Race of Owner White alone |
3165285 | 269256 | 82532 | 2813497 | 3032240 | 258131 | 81278 | 2692831 | 133045 | 11125 | 1254 | 120666 |
Black or African American alone | 215306 | 37366 | 9791 | 168150 | 206562 | 37007 | 9791 | 159764 | 8745 | 358 | 0 | 8386 |
American Indian or Alaska Native alone | 20706 | 3200 | 422 | 17084 | 20208 | 2963 | 422 | 16823 | 498 | 238 | 0 | 261 |
Asian alone | 186354 | 7270 | 1503 | 177581 | 174782 | 7270 | 1503 | 166009 | 11572 | 0 | 0 | 11572 |
Native Hawaiian or Other Pacific Islander alone |
14769 | 633 | 382 | 13754 | 13664 | 633 | 382 | 12649 | 1105 | 0 | 0 | 1105 |
Two or more races | 20681 | 1221 | 75 | 19385 | 20221 | 1221 | 75 | 18925 | 460 | 0 | 0 | 460 |
Sex of Owner Male |
2851881 | 240976 | 82908 | 2527997 | 2723151 | 230353 | 82423 | 2410375 | 128730 | 10623 | 485 | 117622 |
Female | 771220 | 77971 | 11796 | 681454 | 744526 | 76872 | 11027 | 656626 | 26695 | 1098 | 769 | 24828 |
Hispanic/Latino Origin Hispanic/Latino owner(s) only |
276128 | 49747 | 4964 | 221417 | 265697 | 48428 | 4817 | 212453 | 10431 | 1319 | 147 | 8965 |
No Hispanic/Latino owner(s) | 3346973 | 269199 | 89740 | 2988034 | 3201979 | 258797 | 88633 | 2854549 | 144994 | 10402 | 1107 | 133485 |
Veteran Status@1 Veteran |
657896 | 38886 | 63133 | 555877 | 628508 | 36830 | 62723 | 528956 | 29388 | 2056 | 410 | 26922 |
Active member of Reserves or National Guard for at least 6 years |
128432 | 8101 | 8152 | 112180 | 120114 | 7752 | 8152 | 104210 | 8318 | 349 | 0 | 7969 |
Persian Gulf War of after (August 1990 to present) |
98772 | 6584 | 22085 | 70103 | 93955 | 6013 | 21985 | 65957 | 4817 | 571 | 100 | 4146 |
Vietnam or after (August 1964 to July 1990) |
401497 | 26196 | 43790 | 331511 | 381442 | 24646 | 43402 | 313394 | 20055 | 1550 | 388 | 18117 |
Korean conflict or after (July 1950 to July 1964) |
112060 | 4765 | 4458 | 102837 | 109393 | 4676 | 4289 | 100428 | 2667 | 89 | 169 | 2409 |
World War II or after (September 1940 to June 1950) |
29571 | 2500 | 1421 | 25650 | 28792 | 2339 | 1421 | 25032 | 779 | 161 | 0 | 618 |
Nonveteran | 2774662 | 263338 | 23666 | 2487658 | 2655457 | 254030 | 22822 | 2378605 | 119205 | 9308 | 844 | 109053 |
Not reported | 190543 | 16722 | 7905 | 165915 | 183711 | 16366 | 7905 | 159440 | 6832 | 357 | 0 | 6475 |
Income Less than $5,000 |
274972 | 27009 | 4644 | 243318 | 263395 | 25898 | 4623 | 232875 | 11576 | 1111 | 22 | 10443 |
$5,000 to $9,999 | 15773 | 2411 | 577 | 12785 | 15627 | 2411 | 577 | 12639 | 146 | 0 | 0 | 146 |
$10,000 to $14,999 | 27096 | 2604 | 1277 | 23215 | 24494 | 2604 | 1277 | 20613 | 2602 | 0 | 0 | 2602 |
$15,000 to $19,999 | 45497 | 3355 | 955 | 41186 | 44358 | 3355 | 955 | 40048 | 1139 | 0 | 0 | 1139 |
$20,000 to $24,999 | 67834 | 10098 | 592 | 57144 | 64433 | 9940 | 592 | 53901 | 3402 | 158 | 0 | 3243 |
$25,000 to $29,999 | 92870 | 16518 | 2653 | 73699 | 89225 | 16460 | 2506 | 70259 | 3645 | 58 | 147 | 3440 |
$30,000 to $34,999 | 148373 | 21206 | 2426 | 124741 | 144427 | 21046 | 2426 | 120954 | 3946 | 159 | 0 | 3786 |
$35,000 to $39,999 | 108151 | 15512 | 3931 | 88708 | 103526 | 15146 | 3804 | 84576 | 4625 | 367 | 126 | 4132 |
$40,000 to $49,999 | 281066 | 45659 | 11099 | 224308 | 269956 | 45333 | 10972 | 213650 | 11111 | 326 | 127 | 10658 |
$50,000 to $59,999 | 299741 | 40698 | 9377 | 249666 | 287792 | 39108 | 9341 | 239344 | 11948 | 1590 | 36 | 10322 |
$60,000 to $79,999 | 585883 | 63156 | 21464 | 501263 | 563136 | 61143 | 21083 | 480909 | 22748 | 2012 | 381 | 20354 |
$80,000 to $99,999 | 448681 | 33342 | 16801 | 398538 | 430201 | 31766 | 16385 | 382050 | 18479 | 1576 | 415 | 16488 |
$100,000 to $119,999 | 327946 | 18151 | 12010 | 297785 | 312020 | 17090 | 12010 | 282920 | 15926 | 1061 | 0 | 14864 |
$120,000 or more | 899218 | 19227 | 6897 | 873094 | 855086 | 15926 | 6897 | 832263 | 44132 | 3301 | 0 | 40831 |
Owned Home Previously Previously owned home |
2286436 | 132646 | 52126 | 2101663 | 2188752 | 124033 | 51279 | 2013440 | 97684 | 8613 | 848 | 88223 |
Never owned home before | 1225556 | 176948 | 40115 | 1008493 | 1173073 | 173970 | 39835 | 959268 | 52483 | 2978 | 280 | 49225 |
Not reported | 111110 | 9352 | 2462 | 99295 | 105852 | 9222 | 2336 | 94294 | 5258 | 130 | 127 | 5001 |
MORTGAGE CHARACTERISTICS Total Mortgage Loan Less than $20,000 |
11039 | 869 | 123 | 10047 | 10825 | 869 | 101 | 9855 | 213 | 0 | 22 | 192 |
$20,000 to $29,999 | 30507 | 3160 | 605 | 26742 | 30073 | 3122 | 605 | 26346 | 434 | 38 | 0 | 396 |
$30,000 to $39,999 | 57341 | 5766 | 694 | 50881 | 56516 | 5697 | 694 | 50126 | 825 | 70 | 0 | 755 |
$40,000 to $49,999 | 82220 | 12662 | 1855 | 67703 | 80703 | 12581 | 1708 | 66413 | 1517 | 81 | 147 | 1289 |
$50,000 to $59,999 | 126511 | 17827 | 3396 | 105288 | 124192 | 17435 | 3396 | 103360 | 2320 | 392 | 0 | 1927 |
$60,000 to $79,999 | 333427 | 48180 | 11671 | 273575 | 323822 | 47685 | 11571 | 264565 | 9605 | 495 | 100 | 9010 |
$80,000 to $99,999 | 376686 | 62385 | 11172 | 303129 | 362096 | 61323 | 10950 | 289823 | 14590 | 1062 | 223 | 13306 |
$100,000 to $149,999 | 896131 | 100137 | 32093 | 763901 | 864675 | 98363 | 31456 | 734856 | 31456 | 1774 | 637 | 29045 |
$150,000 to $199,999 | 581090 | 48397 | 20357 | 512336 | 555467 | 46609 | 20230 | 488629 | 25622 | 1788 | 127 | 23708 |
$200,000 to $249,999 | 347762 | 4614 | 6653 | 336495 | 333606 | 4133 | 6653 | 322819 | 14156 | 480 | 0 | 13675 |
$250,000 to $299,999 | 193520 | 2185 | 5296 | 186040 | 182985 | 1011 | 5296 | 176678 | 10535 | 1173 | 0 | 9361 |
$300,000 or more | 584963 | 12763 | 790 | 571409 | 542673 | 8396 | 790 | 533486 | 42290 | 4367 | 0 | 37923 |
Not reported | 1906 | 0 | 0 | 1906 | 43 | 0 | 0 | 43 | 1862 | 0 | 0 | 1862 |
Total Mortgage Outstanding Debt Less than $10,000 |
5668 | 356 | 243 | 5068 | 5668 | 356 | 243 | 5068 | 0 | 0 | 0 | 0 |
$10,000 to $19,999 | 24026 | 1540 | 325 | 22161 | 23361 | 1489 | 303 | 21570 | 665 | 51 | 22 | 592 |
$20,000 to $29,999 | 53833 | 6028 | 1079 | 46726 | 52564 | 5990 | 979 | 45595 | 1269 | 38 | 100 | 1131 |
$30,000 to $39,999 | 85459 | 10021 | 1217 | 74220 | 83433 | 9791 | 1217 | 72425 | 2025 | 230 | 0 | 1795 |
$40,000 to $49,999 | 115990 | 13167 | 3373 | 99450 | 113789 | 13048 | 3226 | 97514 | 2201 | 119 | 147 | 1936 |
$50,000 to $59,999 | 143116 | 21171 | 3795 | 118150 | 139710 | 20813 | 3795 | 115102 | 3406 | 358 | 0 | 3048 |
$60,000 to $79,999 | 367331 | 53623 | 11736 | 301973 | 353739 | 52910 | 11661 | 289169 | 13592 | 713 | 75 | 12804 |
$80,000 to $99,999 | 408800 | 57916 | 12301 | 338584 | 394244 | 56888 | 12027 | 325329 | 14556 | 1028 | 273 | 13255 |
$100,000 to $149,999 | 869834 | 98386 | 32301 | 739148 | 838185 | 96985 | 31790 | 709409 | 31649 | 1400 | 510 | 29738 |
$150,000 to $199,999 | 556114 | 40782 | 18487 | 496845 | 532294 | 38889 | 18360 | 475045 | 23819 | 1893 | 127 | 21800 |
$200,000 to $249,999 | 300030 | 2053 | 7884 | 290094 | 283684 | 659 | 7884 | 275142 | 16346 | 1394 | 0 | 14952 |
$250,000 to $299,999 | 166122 | 1690 | 1583 | 162850 | 157135 | 1560 | 1583 | 153992 | 8988 | 130 | 0 | 8858 |
$300,000 or more | 526777 | 12214 | 382 | 514182 | 489869 | 7847 | 382 | 481640 | 36908 | 4367 | 0 | 32541 |
Total Outstanding Debt as a Percent of Value Less than 20 percent |
74243 | 3716 | 722 | 69806 | 72987 | 3665 | 722 | 68601 | 1256 | 51 | 0 | 1204 |
20 to 29 percent | 136580 | 5654 | 1226 | 129699 | 133811 | 5448 | 1126 | 127237 | 2769 | 207 | 100 | 2462 |
30 to 39 percent | 225031 | 11634 | 1965 | 211431 | 221482 | 11418 | 1818 | 208246 | 3549 | 216 | 147 | 3186 |
40 to 49 percent | 334488 | 18692 | 3492 | 312304 | 326807 | 17385 | 3471 | 305952 | 7681 | 1308 | 22 | 6352 |
50 to 59 percent | 519040 | 30948 | 7583 | 480509 | 509411 | 30516 | 7507 | 471388 | 9629 | 432 | 75 | 9121 |
60 to 69 percent | 576506 | 41999 | 7523 | 526984 | 561561 | 40822 | 7523 | 513216 | 14945 | 1177 | 0 | 13769 |
70 to 79 percent | 663725 | 46457 | 22117 | 595152 | 642263 | 45720 | 21954 | 574590 | 21462 | 737 | 163 | 20562 |
80 to 89 percent | 477125 | 60387 | 21056 | 395682 | 450656 | 58247 | 21056 | 371354 | 26468 | 2140 | 0 | 24328 |
90 to 99 percent | 353687 | 72352 | 18439 | 262896 | 334233 | 71868 | 17960 | 244405 | 19454 | 484 | 480 | 18491 |
100 percent or more | 262062 | 26984 | 10580 | 224498 | 213963 | 22127 | 10312 | 181524 | 48099 | 4857 | 268 | 42974 |
Not reported or not computed | 615 | 124 | 1 | 490 | 502 | 11 | 1 | 490 | 113 | 113 | 0 | 0 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal | 3577700 | 314482 | 94441 | 3168776 | 3426264 | 302761 | 93187 | 3030315 | 151436 | 11721 | 1254 | 138461 |
Less than $100 | 3967 | 264 | 51 | 3652 | 3932 | 264 | 51 | 3617 | 35 | 0 | 0 | 35 |
$100 to $199 | 12816 | 1747 | 125 | 10943 | 12726 | 1658 | 125 | 10943 | 89 | 89 | 0 | 0 |
$200 to $299 | 47351 | 5926 | 839 | 40586 | 46259 | 5850 | 839 | 39570 | 1092 | 76 | 0 | 1016 |
$300 to $399 | 100205 | 15349 | 2399 | 82456 | 99355 | 15349 | 2399 | 81607 | 849 | 0 | 0 | 849 |
$400 to $499 | 151583 | 23770 | 3895 | 123918 | 149053 | 23447 | 3627 | 121979 | 2530 | 323 | 268 | 1939 |
$500 to $599 | 244791 | 38877 | 9339 | 196575 | 238862 | 38568 | 9065 | 191228 | 5929 | 309 | 274 | 5346 |
$600 to $699 | 242788 | 36246 | 7236 | 199306 | 235804 | 36013 | 7161 | 192630 | 6984 | 233 | 75 | 6676 |
$700 to $799 | 253570 | 28276 | 9628 | 215665 | 244878 | 27451 | 9606 | 207821 | 8691 | 825 | 22 | 7844 |
$800 to $899 | 249478 | 36567 | 6716 | 206195 | 238665 | 35905 | 6422 | 196338 | 10813 | 663 | 294 | 9857 |
$900 to $999 | 250275 | 23989 | 10228 | 216058 | 239696 | 23820 | 10228 | 205648 | 10579 | 170 | 0 | 10410 |
$1,000 to $1,249 | 532880 | 43485 | 21097 | 468298 | 507272 | 41862 | 20902 | 444509 | 25608 | 1624 | 195 | 23790 |
$1,250 to $1,499 | 355298 | 25810 | 13011 | 316476 | 339670 | 24151 | 13011 | 302508 | 15628 | 1659 | 0 | 13969 |
$1,500 or more | 1132700 | 34175 | 9877 | 1088647 | 1070091 | 28424 | 9750 | 1031917 | 62608 | 5751 | 127 | 56731 |
No regular monthly payments required |
45401 | 4464 | 263 | 40675 | 41413 | 4464 | 263 | 36686 | 3989 | 0 | 0 | 3989 |
Interest and Principal Payments on Total Mortgages as Percent of Income Regular monthly payments of interest and/or principal |
3577700 | 314482 | 94441 | 3168776 | 3426264 | 302761 | 93187 | 3030315 | 151436 | 11721 | 1254 | 138461 |
Less than 5 percent | 72700 | 2666 | 2129 | 67905 | 70245 | 2577 | 2129 | 65540 | 2454 | 89 | 0 | 2365 |
5 to 9 percent | 421164 | 31287 | 6770 | 383107 | 406266 | 30709 | 6355 | 369202 | 14898 | 579 | 415 | 13905 |
10 to 14 percent | 791288 | 72968 | 27035 | 691284 | 769308 | 71380 | 26686 | 671242 | 21980 | 1589 | 349 | 20042 |
15 to 19 percent | 719524 | 69274 | 26184 | 624066 | 691745 | 66747 | 26184 | 598814 | 27779 | 2527 | 0 | 25252 |
20 to 24 percent | 518937 | 41114 | 8683 | 469140 | 491239 | 38660 | 8525 | 444054 | 27699 | 2454 | 159 | 25086 |
25 to 29 percent | 273863 | 24375 | 6578 | 242910 | 258623 | 22972 | 6542 | 229110 | 15240 | 1403 | 36 | 13800 |
30 to 34 percent | 167200 | 14510 | 3671 | 149020 | 157965 | 13158 | 3671 | 141136 | 9236 | 1352 | 0 | 7884 |
35 to 39 percent | 92193 | 8510 | 3056 | 80626 | 86083 | 8414 | 2909 | 74760 | 6110 | 96 | 147 | 5867 |
40 to 49 percent | 107670 | 11876 | 2324 | 93470 | 101321 | 11800 | 2197 | 87324 | 6349 | 76 | 127 | 6146 |
50 percent or more | 158264 | 13072 | 3517 | 141675 | 149261 | 12629 | 3517 | 133115 | 9003 | 444 | 0 | 8559 |
Not reported or not computed | 254897 | 24829 | 4495 | 225573 | 244209 | 23717 | 4473 | 216018 | 10688 | 1111 | 22 | 9555 |
No regular monthly payments required |
45401 | 4464 | 263 | 40675 | 41413 | 4464 | 263 | 36686 | 3989 | 0 | 0 | 3989 |