Residential Finance Survey |
|
Fixed rate mortgage | |||||
---|---|---|---|---|---|
Total mortgaged properties |
Amortized | Short term with balloon payment |
Adjustable rate mortgage (ARM) |
Other mortgage | |
Homeowner condominium properties with traditional first mortgage |
707 | 536 | 32 | 129 | 10 |
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase |
650 | 490 | 30 | 119 | 10 |
Placed one new mortgage | 601 | 460 | 25 | 110 | 6 |
Placed two or more new mortgages | 23 | 11 | 4 | 3 | 4 |
Assumed mortgage(s) already on property | 16 | 9 | 0 | 7 | 0 |
Assumed mortgage(s) already on property and placed new mortgage |
0 | 0 | 0 | 0 | 0 |
Borrowed using assets other than this property as collateral |
2 | 2 | 0 | 0 | 0 |
Paid all cash-no borrowing | 7 | 7 | 0 | 0 | 0 |
Other manner | 0 | 0 | 0 | 0 | 0 |
By inheritance or gift | 3 | 3 | 0 | 0 | 0 |
By divorce | 0 | 0 | 0 | 0 | 0 |
By some other manner | 9 | 6 | 2 | 1 | 0 |
Not reported | 45 | 36 | 0 | 9 | 0 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
426 | 324 | 16 | 80 | 6 |
Sale of previous home | 80 | 71 | 0 | 9 | 0 |
Sale of other real property or other investments |
47 | 26 | 0 | 21 | 0 |
Savings | 229 | 172 | 11 | 41 | 6 |
Borrowing from a retirement plan | 27 | 22 | 0 | 5 | 0 |
Borrowing using assets other than this property as collateral |
2 | 0 | 0 | 2 | 0 |
Proceeds from an insurance policy | 5 | 4 | 1 | 0 | 0 |
Payments in a lease-purchase agreement | 0 | 0 | 0 | 0 | 0 |
From a state or local government source | 9 | 4 | 0 | 5 | 0 |
From a non-profit organization | 1 | 1 | 0 | 0 | 0 |
From parents or relatives | 50 | 34 | 4 | 12 | 0 |
Other | 4 | 4 | 0 | 0 | 0 |
No downpayment required | 26 | 21 | 2 | 4 | 0 |
Not reported | 21 | 21 | 0 | 0 | 0 |
Other properties | 246 | 185 | 16 | 41 | 4 |
Not reported | 35 | 26 | 0 | 9 | 0 |
Year Property Acquired 1999 to 2001 (part) |
267 | 198 | 8 | 56 | 6 |
1997 and 1998 | 115 | 91 | 7 | 16 | 0 |
1995 and 1996 | 85 | 65 | 1 | 18 | 0 |
1990 to 1994 | 136 | 93 | 13 | 26 | 4 |
1985 to 1989 | 62 | 47 | 3 | 12 | 0 |
1980 to 1984 | 27 | 27 | 0 | 0 | 0 |
1975 to 1979 | 3 | 3 | 0 | 0 | 0 |
1970 to 1974 | 13 | 11 | 0 | 2 | 0 |
1969 or earlier | 0 | 0 | 0 | 0 | 0 |
Property New or Previously Occupied When Acquired Acquired by purchase |
650 | 490 | 30 | 119 | 10 |
New | 131 | 108 | 1 | 22 | 0 |
Previously occupied by someone else | 514 | 380 | 29 | 95 | 10 |
Converted from non-residential use | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 5 | 3 | 0 | 2 | 0 |
Other properties | 12 | 9 | 2 | 1 | 0 |
Not reported | 45 | 36 | 0 | 9 | 0 |
Year Structure Built 1999 to March 2000 |
34 | 33 | 0 | 1 | 0 |
1997 and 1998 | 52 | 32 | 5 | 15 | 0 |
1995 and 1996 | 60 | 46 | 0 | 14 | 0 |
1990 to 1994 | 82 | 63 | 4 | 14 | 0 |
1980 to 1989 | 200 | 154 | 7 | 36 | 4 |
1970 to 1979 | 225 | 160 | 15 | 46 | 4 |
1960 to 1969 | 44 | 40 | 1 | 1 | 2 |
1950 to 1959 | 1 | 1 | 0 | 0 | 0 |
1940 to 1949 | 2 | 2 | 0 | 0 | 0 |
1939 or earlier | 6 | 4 | 0 | 1 | 0 |
Purchase Price Properties acquired by purchase 1997 to 2001 (part) |
357 | 271 | 15 | 64 | 6 |
Less than $20,000 | 0 | 0 | 0 | 0 | 0 |
$20,000 to $39,999 | 4 | 2 | 0 | 2 | 0 |
$40,000 to $59,999 | 12 | 6 | 0 | 6 | 0 |
$60,000 to $79,999 | 46 | 37 | 5 | 4 | 0 |
$80,000 to $99,999 | 31 | 27 | 0 | 4 | 0 |
$100,000 to $124,999 | 52 | 44 | 0 | 8 | 0 |
$125,000 to $149,999 | 44 | 33 | 2 | 7 | 1 |
$150,000 to $174,999 | 39 | 23 | 0 | 16 | 0 |
$175,000 to $199,999 | 19 | 19 | 0 | 0 | 0 |
$200,000 to $249,999 | 36 | 28 | 0 | 7 | 0 |
$250,000 to $299,999 | 22 | 22 | 0 | 0 | 0 |
$300,000 to $499,999 | 49 | 28 | 8 | 7 | 4 |
$500,000 or more | 3 | 1 | 0 | 1 | 0 |
Median | 143548 | 139648 | 322764 | 149886 | 371405 |
Mean | 174777 | 165601 | 287962 | 165618 | 414616 |
Other properties | 350 | 264 | 17 | 65 | 4 |
Value Less than $20,000 |
0 | 0 | 0 | 0 | 0 |
$20,000 to $39,999 | 0 | 0 | 0 | 0 | 0 |
$40,000 to $59,999 | 8 | 6 | 0 | 2 | 0 |
$60,000 to $79,999 | 69 | 55 | 3 | 12 | 0 |
$80,000 to $99,999 | 60 | 49 | 2 | 9 | 0 |
$100,000 to $124,999 | 92 | 72 | 4 | 12 | 4 |
$125,000 to $149,999 | 70 | 47 | 6 | 16 | 1 |
$150,000 to $174,999 | 58 | 42 | 4 | 13 | 0 |
$175,000 to $199,999 | 54 | 37 | 1 | 16 | 0 |
$200,000 to $249,999 | 91 | 79 | 0 | 12 | 0 |
$250,000 to $299,999 | 69 | 51 | 4 | 14 | 0 |
$300,000 to $499,999 | 105 | 79 | 4 | 17 | 4 |
$500,000 or more | 31 | 19 | 4 | 7 | 0 |
Median | 173118 | 173502 | 157701 | 176951 | 139520 |
Mean | 205263 | 200896 | 247268 | 206444 | 289155 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
228 | 154 | 15 | 59 | 0 |
Less than $500 | 5 | 3 | 0 | 2 | 0 |
$500 to $999 | 6 | 2 | 0 | 4 | 0 |
$1,000 to $2,499 | 52 | 35 | 2 | 16 | 0 |
$2,500 to $4,999 | 49 | 34 | 9 | 6 | 0 |
$5,000 to $7,499 | 44 | 26 | 2 | 16 | 0 |
$7,500 to $9,999 | 3 | 3 | 0 | 0 | 0 |
$10,000 to $14,999 | 28 | 15 | 0 | 13 | 0 |
$15,000 to $19,999 | 11 | 8 | 2 | 1 | 0 |
$20,000 to $29,999 | 12 | 12 | 0 | 0 | 0 |
$30,000 or more | 18 | 17 | 0 | 1 | 0 |
Median | 5084 | 5257 | 4046 | 5340 | 500- |
Mean | 9357 | 11150 | 4922 | 5770 | 0 |
Properties with no capital improvements between 1998 and 2000 |
402 | 320 | 13 | 59 | 10 |
Capital improvements not reported |
77 | 61 | 5 | 11 | 0 |
Age Restrictions Condominium building restricted to people age 55 or older |
38 | 26 | 1 | 11 | 0 |
Condominium building not restricted to people age 55 or older |
637 | 484 | 31 | 113 | 10 |
Not reported | 31 | 26 | 0 | 6 | 0 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
17 | 17 | 0 | 0 | 0 |
Other government grant or subsidy | 6 | 5 | 0 | 1 | 0 |
Property tax relief | 3 | 2 | 0 | 1 | 0 |
Subsidy from a non-profit corporation | 0 | 0 | 0 | 0 | 0 |
None of the above benefits | 482 | 365 | 28 | 81 | 8 |
Not reported | 199 | 147 | 4 | 46 | 2 |
Source of Property Benefits@1 With property benefits |
26 | 24 | 0 | 2 | 0 |
Federal government | 12 | 12 | 0 | 0 | 0 |
State government | 8 | 8 | 0 | 0 | 0 |
Local government | 7 | 5 | 0 | 2 | 0 |
Non-profit corporation | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
With no property benefits | 482 | 365 | 28 | 81 | 8 |
Not reported | 199 | 147 | 4 | 46 | 2 |
Reason for Benefits@1 With property benefits |
26 | 24 | 0 | 2 | 0 |
Occupied by low- or moderate-income individuals |
8 | 7 | 0 | 1 | 0 |
Occupied by elderly or disabled individuals |
2 | 2 | 0 | 0 | 0 |
A historic structure | 1 | 1 | 0 | 0 | 0 |
Located in a community development or economic development area |
4 | 3 | 0 | 1 | 0 |
Covered by a Homestead Exemption | 1 | 0 | 0 | 1 | 0 |
Covered by a Community Land Trust | 0 | 0 | 0 | 0 | 0 |
Covered by disaster relief | 0 | 0 | 0 | 0 | 0 |
Other reason | 15 | 15 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
With no property benefits | 482 | 365 | 28 | 81 | 8 |
Not reported | 199 | 147 | 4 | 46 | 2 |
OWNER CHARACTERISTICS Owner Status 1 owner |
407 | 315 | 25 | 65 | 2 |
2 owners | 266 | 201 | 7 | 51 | 6 |
3 or more owners | 34 | 20 | 0 | 13 | 1 |
Age of Owner Under 25 |
14 | 11 | 0 | 3 | 0 |
25 to 34 | 107 | 76 | 13 | 17 | 0 |
35 to 44 | 144 | 101 | 10 | 28 | 4 |
45 to 54 | 172 | 121 | 4 | 43 | 4 |
55 to 64 | 105 | 90 | 1 | 14 | 0 |
65 to 74 | 90 | 69 | 3 | 17 | 1 |
75 and over | 35 | 29 | 0 | 7 | 0 |
Not reported | 40 | 39 | 1 | 0 | 0 |
Median | 48 | 49 | 37 | 48 | 46 |
Race of Owner White alone |
578 | 432 | 22 | 118 | 7 |
Black or African American alone | 22 | 22 | 0 | 0 | 0 |
American Indian or Alaska Native alone | 5 | 0 | 0 | 5 | 0 |
Asian alone | 88 | 71 | 8 | 5 | 3 |
Native Hawaiian or Other Pacific Islander alone |
5 | 5 | 0 | 0 | 0 |
Two or more races | 9 | 5 | 2 | 2 | 0 |
Sex of Owner Male/Male and female co-owners |
459 | 327 | 23 | 98 | 10 |
Female | 248 | 209 | 9 | 31 | 0 |
Hispanic/Latino Origin Hispanic/Latino owner(s) only |
56 | 40 | 5 | 11 | 0 |
No Hispanic/Latino owner(s) | 651 | 496 | 27 | 118 | 10 |
Veteran Status@1 Veteran |
166 | 132 | 2 | 31 | 1 |
Active member of Reserves or National Guard for at least 6 years |
17 | 15 | 0 | 2 | 0 |
Persian Gulf War or after (August 1990 to present) |
17 | 15 | 2 | 0 | 0 |
Vietnam or after (August 1964 to July 1990) |
84 | 70 | 0 | 13 | 1 |
Korean conflict or after (July 1950 to July 1964) |
52 | 37 | 0 | 15 | 0 |
World War II or after (September 1940 to June 1950) |
32 | 28 | 0 | 4 | 0 |
Nonveteran | 504 | 370 | 29 | 98 | 7 |
Not reported | 37 | 34 | 1 | 0 | 2 |
Income Less than $5,000 |
54 | 46 | 2 | 5 | 2 |
$5,000 to $9,999 | 7 | 7 | 0 | 0 | 0 |
$10,000 to $14,999 | 29 | 24 | 0 | 5 | 0 |
$15,000 to $19,999 | 13 | 11 | 0 | 1 | 0 |
$20,000 to $24,999 | 21 | 9 | 5 | 6 | 0 |
$25,000 to $29,999 | 53 | 34 | 0 | 19 | 0 |
$30,000 to $34,999 | 32 | 25 | 1 | 6 | 0 |
$35,000 to $39,999 | 46 | 33 | 2 | 9 | 2 |
$40,000 to $49,999 | 89 | 72 | 0 | 17 | 0 |
$50,000 to $59,999 | 63 | 57 | 4 | 3 | 0 |
$60,000 to $79,999 | 119 | 89 | 8 | 22 | 0 |
$80,000 to $99,999 | 73 | 58 | 4 | 11 | 0 |
$100,000 to $119,999 | 27 | 14 | 0 | 7 | 6 |
$120,000 or more | 81 | 56 | 6 | 19 | 0 |
Median | 51504 | 51062 | 65469 | 48120 | 102583 |
Mean | 65156 | 63847 | 78340 | 66405 | 76934 |
Owned Home Previously Previously owned home |
351 | 267 | 10 | 73 | 1 |
Never owned home before | 314 | 228 | 21 | 56 | 9 |
Not reported | 42 | 41 | 1 | 0 | 0 |
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail |
11 | 11 | 0 | 0 | 0 |
By telephone or FAX | 61 | 43 | 4 | 14 | 0 |
By regular mail | 18 | 13 | 4 | 1 | 0 |
By personal visit | 373 | 282 | 19 | 64 | 7 |
Through third party (such as real estate agent or builder) |
177 | 140 | 2 | 31 | 3 |
Some other way | 2 | 2 | 0 | 0 | 0 |
Not reported | 51 | 36 | 3 | 12 | 0 |
Not available | 15 | 8 | 0 | 7 | 0 |
Origin of First Mortgage Mortgage made at time property acquired |
573 | 440 | 21 | 102 | 10 |
Mortgage assumed at the time property acquired |
20 | 13 | 0 | 7 | 0 |
Mortgage placed later than acquisition of property |
114 | 83 | 11 | 21 | 0 |
Refinanced mortgage | 110 | 79 | 11 | 21 | 0 |
Same lender | 42 | 31 | 2 | 9 | 0 |
Different lender | 68 | 48 | 9 | 11 | 0 |
Mortgage placed on property owned free and clear of debt |
4 | 4 | 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 |
114 | 83 | 11 | 21 | 0 |
Obtain lower interest rate | 78 | 54 | 7 | 17 | 0 |
Increase payment period for mortgage | 2 | 2 | 0 | 0 | 0 |
Reduce payment period for mortgage | 5 | 3 | 0 | 2 | 0 |
Renew or extend loan that had fallen due, without increasing outstanding balance |
4 | 3 | 0 | 1 | 0 |
Receive cash or increase outstanding balance of loan |
19 | 16 | 4 | 0 | 0 |
Other reason | 0 | 0 | 0 | 0 | 0 |
Not reported | 6 | 6 | 0 | 0 | 0 |
Other properties | 593 | 453 | 21 | 109 | 10 |
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 |
36 | 27 | 4 | 5 | 0 |
Less than $20,000 | 15 | 13 | 2 | 0 | 0 |
$20,000 to $39,999 | 15 | 9 | 2 | 5 | 0 |
$40,000 to $59,999 | 1 | 1 | 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 | 4 | 4 | 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 | 23530 | 20943 | 20000- | 30000 | 20000- |
Mean | 37137 | 41590 | 14602 | 30659 | 0 |
Properties that refinanced and did not receive cash back |
64 | 51 | 5 | 8 | 0 |
Properties that refinanced and did not report if received cash back |
15 | 5 | 2 | 8 | 0 |
Properties that did not refinance |
593 | 453 | 21 | 109 | 10 |
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 |
36 | 27 | 4 | 5 | 0 |
For additions, improvements or repairs to this property |
11 | 6 | 2 | 3 | 0 |
To consolidate debts | 19 | 15 | 2 | 2 | 0 |
For investment in other real estate | 7 | 5 | 0 | 2 | 0 |
For other types of investments | 0 | 0 | 0 | 0 | 0 |
For educational or medical expenses | 3 | 2 | 0 | 1 | 0 |
To start a business | 0 | 0 | 0 | 0 | 0 |
To settle a divorce | 0 | 0 | 0 | 0 | 0 |
To pay taxes | 3 | 3 | 0 | 0 | 0 |
To purchase an automobile, truck, or other vehicle |
3 | 2 | 0 | 1 | 0 |
To purchase consumer product other than automobile, truck, or other vehicle |
2 | 0 | 2 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Properties that refinanced and did not receive cash back |
64 | 51 | 5 | 8 | 0 |
Properties that refinanced and did not report if received cash back |
15 | 5 | 2 | 8 | 0 |
Properties that did not refinance |
593 | 453 | 21 | 109 | 10 |
Not available | 0 | 0 | 0 | 0 | 0 |
Year First Mortgage Made or Assumed 1999 to 2001 (part) |
332 | 244 | 16 | 66 | 6 |
1997 and 1998 | 134 | 106 | 7 | 20 | 0 |
1995 and 1996 | 65 | 49 | 1 | 15 | 0 |
1990 to 1994 | 129 | 95 | 7 | 22 | 4 |
1985 to 1989 | 25 | 19 | 0 | 6 | 0 |
1980 to 1984 | 11 | 11 | 0 | 0 | 0 |
1979 or earlier | 10 | 10 | 0 | 0 | 0 |
First Mortgage Insurance Status FHA-insured first mortgage |
116 | 99 | 4 | 12 | 1 |
VA-guaranteed first mortgage | 35 | 34 | 0 | 2 | 0 |
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage |
5 | 1 | 2 | 1 | 0 |
Other federal, state, or local government-insured or guaranteed first mortgage |
10 | 3 | 0 | 7 | 0 |
Insured conventional first mortgage | 83 | 60 | 5 | 18 | 0 |
Uninsured conventional first mortgage | 459 | 339 | 21 | 90 | 9 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Traditional First Mortgage Loan Less than $20,000 |
8 | 8 | 0 | 0 | 0 |
$20,000 to $29,999 | 12 | 12 | 0 | 0 | 0 |
$30,000 to $39,999 | 14 | 12 | 0 | 2 | 0 |
$40,000 to $49,999 | 19 | 13 | 2 | 5 | 0 |
$50,000 to $59,999 | 62 | 42 | 5 | 13 | 2 |
$60,000 to $79,999 | 98 | 80 | 6 | 12 | 0 |
$80,000 to $99,999 | 72 | 52 | 1 | 19 | 0 |
$100,000 to $149,999 | 203 | 166 | 8 | 28 | 1 |
$150,000 to $199,999 | 115 | 86 | 2 | 27 | 0 |
$200,000 to $249,999 | 30 | 25 | 0 | 5 | 0 |
$250,000 to $299,999 | 29 | 23 | 0 | 6 | 0 |
$300,000 or more | 35 | 10 | 8 | 12 | 4 |
Not reported | 8 | 6 | 0 | 0 | 2 |
Median | 115605 | 113788 | 112898 | 124666 | 300000+ |
Mean | 127771 | 118983 | 163354 | 146868 | 256720 |
Total Mortgage Loan Less than $20,000 |
8 | 8 | 0 | 0 | 0 |
$20,000 to $29,999 | 10 | 10 | 0 | 0 | 0 |
$30,000 to $39,999 | 14 | 12 | 0 | 2 | 0 |
$40,000 to $49,999 | 18 | 13 | 2 | 3 | 0 |
$50,000 to $59,999 | 62 | 40 | 5 | 14 | 2 |
$60,000 to $79,999 | 98 | 81 | 6 | 12 | 0 |
$80,000 to $99,999 | 67 | 48 | 1 | 17 | 0 |
$100,000 to $149,999 | 206 | 167 | 8 | 30 | 1 |
$150,000 to $199,999 | 115 | 86 | 2 | 27 | 0 |
$200,000 to $249,999 | 35 | 30 | 0 | 5 | 0 |
$250,000 to $299,999 | 30 | 24 | 0 | 6 | 0 |
$300,000 or more | 35 | 10 | 8 | 12 | 4 |
Not reported | 8 | 6 | 0 | 0 | 2 |
Median | 117425 | 115701 | 112898 | 126075 | 300000+ |
Mean | 129489 | 121055 | 163354 | 147670 | 256720 |
Traditional First Mortgage Outstanding Debt Less than $10,000 |
15 | 15 | 0 | 0 | 0 |
$10,000 to $19,999 | 8 | 8 | 0 | 0 | 0 |
$20,000 to $29,999 | 9 | 7 | 0 | 2 | 0 |
$30,000 to $39,999 | 28 | 26 | 0 | 1 | 0 |
$40,000 to $49,999 | 38 | 23 | 2 | 12 | 2 |
$50,000 to $59,999 | 54 | 36 | 5 | 13 | 0 |
$60,000 to $79,999 | 100 | 83 | 6 | 10 | 0 |
$80,000 to $99,999 | 88 | 72 | 3 | 13 | 0 |
$100,000 to $149,999 | 187 | 143 | 6 | 37 | 1 |
$150,000 to $199,999 | 90 | 69 | 2 | 19 | 0 |
$200,000 to $249,999 | 33 | 28 | 0 | 5 | 0 |
$250,000 to $299,999 | 21 | 17 | 0 | 4 | 0 |
$300,000 or more | 29 | 4 | 8 | 12 | 4 |
Not reported | 8 | 6 | 0 | 0 | 2 |
Median | 102628 | 98738 | 99795 | 117118 | 300000+ |
Mean | 119347 | 110413 | 154668 | 138842 | 252472 |
Total Mortgage Outstanding Debt Less than $10,000 |
15 | 15 | 0 | 0 | 0 |
$10,000 to $19,999 | 6 | 6 | 0 | 0 | 0 |
$20,000 to $29,999 | 7 | 5 | 0 | 2 | 0 |
$30,000 to $39,999 | 28 | 26 | 0 | 1 | 0 |
$40,000 to $49,999 | 36 | 21 | 2 | 12 | 2 |
$50,000 to $59,999 | 58 | 40 | 5 | 13 | 0 |
$60,000 to $79,999 | 93 | 78 | 6 | 9 | 0 |
$80,000 to $99,999 | 92 | 74 | 3 | 15 | 0 |
$100,000 to $149,999 | 188 | 144 | 6 | 37 | 1 |
$150,000 to $199,999 | 89 | 68 | 2 | 19 | 0 |
$200,000 to $249,999 | 37 | 32 | 0 | 5 | 0 |
$250,000 to $299,999 | 21 | 17 | 0 | 4 | 0 |
$300,000 or more | 29 | 4 | 8 | 12 | 4 |
Not reported | 8 | 6 | 0 | 0 | 2 |
Median | 103990 | 100229 | 99795 | 117118 | 300000+ |
Mean | 119503 | 110981 | 154668 | 139604 | 203277 |
Current Interest Rate on First Mortgage Less than 6.0 percent |
182 | 106 | 23 | 45 | 9 |
6.0 percent | 20 | 13 | 0 | 7 | 0 |
6.1 to 6.4 percent | 21 | 4 | 4 | 13 | 0 |
6.5 to 6.9 percent | 83 | 64 | 1 | 18 | 0 |
7.0 percent | 57 | 43 | 0 | 14 | 0 |
7.1 to 7.4 percent | 42 | 39 | 0 | 3 | 0 |
7.5 to 7.9 percent | 101 | 96 | 0 | 4 | 1 |
8.0 percent | 27 | 26 | 0 | 1 | 0 |
8.1 to 8.4 percent | 22 | 21 | 0 | 1 | 0 |
8.5 to 8.9 percent | 26 | 20 | 0 | 5 | 0 |
9.0 percent | 5 | 5 | 0 | 0 | 0 |
9.1 to 9.4 percent | 8 | 8 | 0 | 0 | 0 |
9.5 to 9.9 percent | 12 | 9 | 0 | 2 | 0 |
10.0 percent | 5 | 5 | 0 | 0 | 0 |
10.1 to 10.4 percent | 2 | 0 | 0 | 2 | 0 |
10.5 to 10.9 percent | 2 | 0 | 0 | 2 | 0 |
11.0 percent | 4 | 4 | 0 | 0 | 0 |
11.1 to 12.9 percent | 7 | 3 | 4 | 0 | 0 |
13.0 percent | 2 | 2 | 0 | 0 | 0 |
13.1 percent or more | 78 | 68 | 0 | 10 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 7.1 | 7.5 | 4.2 | 6.5 | 3.4 |
Type of Interest Rate Buydown Properties with interest rate buydown |
36 | 21 | 0 | 15 | 0 |
Constant payment | 0 | 0 | 0 | 0 | 0 |
3-2-1 buydown | 0 | 0 | 0 | 0 | 0 |
Other | 2 | 2 | 0 | 0 | 0 |
Not reported | 34 | 19 | 0 | 15 | 0 |
Properties without interest rate buydown |
285 | 240 | 1 | 43 | 0 |
Not reported | 387 | 275 | 31 | 71 | 10 |
Term of First Mortgage Less than 5 years |
0 | 0 | 0 | 0 | 0 |
5 years | 0 | 0 | 0 | 0 | 0 |
6 to 9 years | 0 | 0 | 0 | 0 | 0 |
10 years | 2 | 2 | 0 | 0 | 0 |
11 to 14 years | 0 | 0 | 0 | 0 | 0 |
15 years | 26 | 25 | 0 | 1 | 0 |
16 to 19 years | 0 | 0 | 0 | 0 | 0 |
20 years | 3 | 3 | 0 | 0 | 0 |
21 to 24 years | 0 | 0 | 0 | 0 | 0 |
25 years | 3 | 1 | 0 | 1 | 0 |
26 to 29 years | 0 | 0 | 0 | 0 | 0 |
30 years | 407 | 323 | 9 | 74 | 1 |
More than 30 years | 0 | 0 | 0 | 0 | 0 |
No stated term | 266 | 181 | 23 | 53 | 9 |
Median | 30 | 30 | 30 | 30 | 30 |
Unexpired Term of First Mortgage Less than 5 years |
11 | 11 | 0 | 0 | 0 |
5 to 9 years | 18 | 18 | 0 | 0 | 0 |
10 to 14 years | 13 | 12 | 0 | 1 | 0 |
15 to 19 years | 18 | 11 | 0 | 6 | 0 |
20 to 24 years | 73 | 57 | 0 | 16 | 0 |
25 to 29 years | 194 | 155 | 5 | 34 | 0 |
30 or more years | 115 | 91 | 4 | 19 | 1 |
No stated term or not computed | 266 | 181 | 23 | 53 | 9 |
Median | 27 | 27 | 29 | 27 | 30+ |
Holder of First Mortgage Commercial bank or trust company |
77 | 56 | 2 | 19 | 0 |
Savings and loan association, federal savings bank |
75 | 37 | 8 | 30 | 0 |
Mutual savings bank | 10 | 10 | 0 | 0 | 0 |
Life insurance company | 8 | 8 | 0 | 0 | 0 |
Mortgage banker or mortgage company | 123 | 99 | 2 | 22 | 0 |
Federally-sponsored secondary market agency or pool |
318 | 257 | 14 | 41 | 6 |
Conventional mortgage pool | 9 | 9 | 0 | 0 | 0 |
Other federal agency | 19 | 13 | 2 | 1 | 4 |
Real estate investment trust | 2 | 2 | 0 | 0 | 0 |
Pension or retirement fund | 0 | 0 | 0 | 0 | 0 |
Credit union | 17 | 14 | 0 | 4 | 0 |
Finance company | 6 | 2 | 0 | 4 | 0 |
State or municipal government or housing finance agency |
12 | 12 | 0 | 0 | 0 |
Individual or individual's estate | 14 | 14 | 0 | 0 | 0 |
Other | 17 | 4 | 4 | 8 | 0 |
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase | 536 | 409 | 19 | 99 | 10 |
Less than 40 percent | 14 | 12 | 0 | 2 | 0 |
40 to 49 percent | 17 | 14 | 0 | 3 | 0 |
50 to 59 percent | 11 | 6 | 0 | 5 | 0 |
60 to 69 percent | 42 | 39 | 2 | 1 | 0 |
70 to 79 percent | 71 | 53 | 4 | 13 | 0 |
80 to 89 percent | 128 | 87 | 6 | 27 | 7 |
90 to 94 percent | 62 | 52 | 1 | 9 | 0 |
95 to 99 percent | 69 | 47 | 0 | 23 | 0 |
100 percent or more | 119 | 96 | 6 | 16 | 1 |
Not reported | 5 | 3 | 0 | 0 | 2 |
Median | 88 | 89 | 85 | 89 | 85 |
Other properties | 170 | 127 | 13 | 30 | 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 |
536 | 409 | 19 | 99 | 10 |
Less than 40 percent | 12 | 10 | 0 | 2 | 0 |
40 to 49 percent | 23 | 20 | 0 | 3 | 0 |
50 to 59 percent | 9 | 6 | 0 | 3 | 0 |
60 to 69 percent | 108 | 91 | 4 | 12 | 1 |
70 to 79 percent | 71 | 47 | 4 | 20 | 0 |
80 to 89 percent | 115 | 81 | 6 | 22 | 7 |
90 to 94 percent | 39 | 33 | 1 | 5 | 0 |
95 to 99 percent | 75 | 52 | 0 | 23 | 0 |
100 percent or more | 79 | 66 | 4 | 8 | 0 |
Not reported | 5 | 3 | 0 | 0 | 2 |
Median | 83 | 83 | 82 | 84 | 84 |
Other properties | 170 | 127 | 13 | 30 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
First Mortgage Risk Subprime loan |
37 | 20 | 7 | 9 | 0 |
Not subprime loan | 670 | 515 | 24 | 120 | 10 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
Treasury security | 24 | 0 | 0 | 24 | 0 |
Average cost of funds in bank district | 15 | 0 | 0 | 15 | 0 |
National average cost of funds | 0 | 0 | 0 | 0 | 0 |
OTS contract mortgage rate | 0 | 0 | 0 | 0 | 0 |
Other method | 7 | 0 | 0 | 7 | 0 |
No index used | 0 | 0 | 0 | 0 | 0 |
Not reported | 94 | 0 | 0 | 84 | 10 |
Other properties | 568 | 536 | 32 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
Monthly | 19 | 0 | 0 | 19 | 0 |
Every 3 months | 0 | 0 | 0 | 0 | 0 |
Every 6 months | 9 | 0 | 0 | 9 | 0 |
Yearly | 33 | 0 | 0 | 33 | 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 | 79 | 0 | 0 | 68 | 10 |
Other properties | 568 | 536 | 32 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 2 | 0 | 0 | 2 | 0 |
2 percent | 16 | 0 | 0 | 16 | 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 | 1 | 0 | 0 | 1 | 0 |
4.0 percent or more | 17 | 0 | 0 | 17 | 0 |
No caps | 27 | 0 | 0 | 27 | 0 |
Not reported | 76 | 0 | 0 | 66 | 10 |
Other properties | 568 | 536 | 32 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
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 | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 33 | 0 | 0 | 33 | 0 |
No caps | 11 | 0 | 0 | 11 | 0 |
Not reported | 95 | 0 | 0 | 85 | 10 |
Other properties | 568 | 536 | 32 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
Yes, rate has changed | 34 | 0 | 0 | 34 | 0 |
No change since mortgage made | 31 | 0 | 0 | 31 | 0 |
Not reported | 74 | 0 | 0 | 64 | 10 |
Other properties | 568 | 536 | 32 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
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 | 23 | 0 | 0 | 23 | 0 |
2.1 to 2.9 percent | 33 | 0 | 0 | 33 | 0 |
3 percent | 2 | 0 | 0 | 2 | 0 |
3.1 to 3.9 percent | 1 | 0 | 0 | 1 | 0 |
4 percent | 0 | 0 | 0 | 0 | 0 |
4.1 to 4.9 percent | 0 | 0 | 0 | 0 | 0 |
5 percent or more | 4 | 0 | 0 | 4 | 0 |
Not reported | 76 | 0 | 0 | 66 | 10 |
Median | 2.3 | 0.0 | 0.0 | 2.3 | 0.0 |
Other properties | 568 | 536 | 32 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage |
139 | 0 | 0 | 129 | 10 |
Can be converted | 9 | 0 | 0 | 9 | 0 |
Cannot be converted | 41 | 0 | 0 | 41 | 0 |
Not reported | 89 | 0 | 0 | 79 | 10 |
Other properties | 568 | 536 | 32 | 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 | 3 | 0 | 0 | 3 | 0 |
Payments can change monthly | 2 | 0 | 0 | 2 | 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 | 1 | 0 | 0 | 1 | 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 |
631 | 536 | 32 | 63 | 0 |
Not reported | 73 | 0 | 0 | 63 | 10 |
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate) |
3 | 0 | 0 | 3 | 0 |
Yes, unrestricted negative amortization | 0 | 0 | 0 | 0 | 0 |
Yes, restricted negative amortization | 0 | 0 | 0 | 0 | 0 |
No negative amortization allowed | 3 | 0 | 0 | 3 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Monthly payments cannot change | 631 | 536 | 32 | 63 | 0 |
Not reported | 73 | 0 | 0 | 63 | 10 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal |
692 | 524 | 32 | 128 | 8 |
Interest and principal | 692 | 524 | 32 | 128 | 8 |
Fully amortized | 611 | 484 | 5 | 115 | 7 |
Not fully amortized | 81 | 40 | 27 | 12 | 1 |
Interest only | 0 | 0 | 0 | 0 | 0 |
No regular payments required | 0 | 0 | 0 | 0 | 0 |
Not reported | 15 | 12 | 0 | 2 | 2 |
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal |
692 | 524 | 32 | 128 | 8 |
Real estate taxes | 231 | 198 | 4 | 28 | 0 |
Property insurance | 43 | 36 | 4 | 4 | 0 |
Mortgage insurance | 103 | 84 | 4 | 15 | 0 |
Other | 83 | 80 | 0 | 3 | 0 |
No items included or not reported | 445 | 313 | 28 | 96 | 8 |
No regular payments of interest and principal |
15 | 12 | 0 | 2 | 2 |
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal |
692 | 524 | 32 | 128 | 8 |
Less than $100 | 3 | 1 | 0 | 2 | 0 |
$100 to $199 | 7 | 5 | 2 | 0 | 0 |
$200 to $299 | 19 | 18 | 0 | 1 | 0 |
$300 to $399 | 42 | 33 | 3 | 4 | 2 |
$400 to $499 | 67 | 43 | 3 | 21 | 0 |
$500 to $599 | 73 | 61 | 3 | 8 | 0 |
$600 to $699 | 53 | 41 | 0 | 12 | 0 |
$700 to $799 | 65 | 46 | 7 | 11 | 0 |
$800 to $899 | 62 | 50 | 0 | 10 | 1 |
$900 to $999 | 50 | 46 | 2 | 2 | 0 |
$1,000 to $1,249 | 96 | 80 | 2 | 14 | 0 |
$1,250 to $1,499 | 63 | 44 | 2 | 18 | 0 |
$1,500 or more | 91 | 55 | 8 | 23 | 4 |
Median | 826 | 826 | 772 | 834 | 1500+ |
Mean | 1142 | 1137 | 1122 | 1138 | 1669 |
No regular payments required | 0 | 0 | 0 | 0 | 0 |
Not reported | 15 | 12 | 0 | 2 | 2 |
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest |
707 | 536 | 32 | 129 | 10 |
Up-to-date, ahead of schedule, or less than 90 days past due |
380 | 306 | 5 | 69 | 0 |
Delinquent by 90 days or more | 7 | 3 | 0 | 3 | 0 |
Legal proceedings have begun | 3 | 2 | 0 | 1 | 0 |
Legal proceedings have not begun | 4 | 2 | 0 | 2 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Not reported | 320 | 226 | 27 | 57 | 10 |
Other properties | 0 | 0 | 0 | 0 | 0 |
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal |
693 | 526 | 32 | 128 | 8 |
Less than $100 | 3 | 1 | 0 | 2 | 0 |
$100 to $199 | 9 | 7 | 2 | 0 | 0 |
$200 to $299 | 17 | 16 | 0 | 1 | 0 |
$300 to $399 | 40 | 33 | 3 | 2 | 2 |
$400 to $499 | 65 | 39 | 3 | 23 | 0 |
$500 to $599 | 75 | 63 | 3 | 8 | 0 |
$600 to $699 | 49 | 36 | 0 | 12 | 0 |
$700 to $799 | 66 | 47 | 7 | 11 | 0 |
$800 to $899 | 57 | 45 | 0 | 10 | 1 |
$900 to $999 | 56 | 52 | 2 | 2 | 0 |
$1,000 to $1,249 | 94 | 83 | 2 | 9 | 0 |
$1,250 to $1,499 | 68 | 44 | 2 | 22 | 0 |
$1,500 or more | 96 | 60 | 8 | 23 | 4 |
Median | 841 | 844 | 772 | 834 | 1500+ |
Mean | 1154 | 1151 | 1122 | 1145 | 1669 |
No regular monthly payments required |
14 | 10 | 0 | 2 | 2 |
Interest and Principal Payments on Total Mortgages as Percent of Income Regular monthly payments of interest and/or principal |
693 | 526 | 32 | 128 | 8 |
Less than 5 percent | 23 | 17 | 2 | 4 | 0 |
5 to 9 percent | 74 | 63 | 0 | 10 | 1 |
10 to 14 percent | 113 | 76 | 8 | 27 | 2 |
15 to 19 percent | 145 | 112 | 7 | 25 | 0 |
20 to 24 percent | 121 | 93 | 6 | 22 | 0 |
25 to 29 percent | 60 | 43 | 3 | 10 | 4 |
30 to 34 percent | 29 | 22 | 4 | 2 | 0 |
35 to 39 percent | 11 | 9 | 0 | 1 | 0 |
40 to 49 percent | 18 | 14 | 0 | 4 | 0 |
50 percent or more | 53 | 36 | 0 | 17 | 0 |
Not reported or not computed | 46 | 40 | 2 | 5 | 0 |
Median | 18.9 | 18.8 | 18.4 | 19.0 | 25.4 |
No regular monthly payments required |
14 | 10 | 0 | 2 | 2 |
Rental and vacant condominium properties with traditional first mortgage |
285 | 193 | 15 | 71 | 6 |
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase |
241 | 162 | 15 | 61 | 3 |
Placed one new mortgage | 215 | 144 | 11 | 57 | 3 |
Placed two or more new mortgages | 3 | 2 | 0 | 1 | 0 |
Assumed mortgage(s) already on property | 13 | 6 | 4 | 2 | 0 |
Assumed mortgage(s) already on property and placed new mortgage |
0 | 0 | 0 | 0 | 0 |
Borrowed using assets other than this property as collateral |
0 | 0 | 0 | 0 | 0 |
Paid all cash-no borrowing | 9 | 9 | 0 | 0 | 0 |
Other manner | 1 | 1 | 0 | 0 | 0 |
By inheritance or gift | 1 | 0 | 0 | 1 | 0 |
By divorce | 0 | 0 | 0 | 0 | 0 |
By tax free exchange of other property |
3 | 3 | 0 | 0 | 0 |
By foreclosure or assignment | 8 | 8 | 0 | 0 | 0 |
By some other manner | 8 | 8 | 0 | 0 | 0 |
Not reported | 24 | 12 | 0 | 9 | 3 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
108 | 71 | 5 | 28 | 3 |
Sale of stock or other partnership shares for this project |
0 | 0 | 0 | 0 | 0 |
Sale of previously owned stocks, shares, or other securities |
4 | 3 | 0 | 1 | 0 |
Sale of land or other real estate | 6 | 6 | 0 | 0 | 0 |
Owner's cash, bank deposits, share accounts, or bonds |
69 | 48 | 3 | 16 | 2 |
Borrowing from a retirement plan | 1 | 1 | 0 | 0 | 0 |
Borrowing using assets other than this property as collateral |
3 | 2 | 0 | 2 | 0 |
Proceeds from an insurance policy | 1 | 0 | 0 | 1 | 0 |
From a state or local government source | 0 | 0 | 0 | 0 | 0 |
From a non-profit organization | 0 | 0 | 0 | 0 | 0 |
Proceeds from sale of tax credits | 0 | 0 | 0 | 0 | 0 |
From parents or relatives | 10 | 5 | 0 | 5 | 0 |
Other cash source | 0 | 0 | 0 | 0 | 0 |
Non-cash source | 0 | 0 | 0 | 0 | 0 |
No downpayment required | 10 | 5 | 0 | 3 | 1 |
Not reported | 9 | 5 | 2 | 1 | 0 |
Other properties | 165 | 115 | 10 | 37 | 3 |
Not reported | 12 | 7 | 0 | 5 | 0 |
Year Property Acquired 1999 to 2001 (part) |
83 | 55 | 3 | 22 | 2 |
1997 and 1998 | 31 | 20 | 2 | 8 | 1 |
1995 and 1996 | 12 | 9 | 0 | 3 | 0 |
1990 to 1994 | 54 | 40 | 2 | 9 | 3 |
1985 to 1989 | 55 | 38 | 8 | 9 | 0 |
1980 to 1984 | 31 | 21 | 0 | 9 | 0 |
1975 to 1979 | 10 | 1 | 0 | 9 | 0 |
1970 to 1974 | 4 | 3 | 0 | 1 | 0 |
1969 or earlier | 5 | 5 | 0 | 0 | 0 |
Property New or Previously Owned When Acquired Acquired by purchase |
241 | 162 | 15 | 61 | 3 |
New | 41 | 33 | 2 | 6 | 0 |
Previously owned | 198 | 127 | 13 | 55 | 3 |
As residential property | 196 | 125 | 13 | 55 | 3 |
Converted from nonresidential use | 2 | 2 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 2 | 2 | 0 | 0 | 0 |
Other properties | 20 | 19 | 0 | 1 | 0 |
Not reported | 24 | 12 | 0 | 9 | 3 |
Year Structure Built 1999 to March 2000 |
10 | 6 | 0 | 4 | 0 |
1997 and 1998 | 6 | 3 | 2 | 1 | 0 |
1995 and 1996 | 4 | 4 | 0 | 0 | 0 |
1990 to 1994 | 15 | 13 | 0 | 2 | 0 |
1980 to 1989 | 117 | 90 | 9 | 16 | 3 |
1970 to 1979 | 80 | 45 | 0 | 32 | 3 |
1960 to 1969 | 31 | 17 | 4 | 10 | 0 |
1950 to 1959 | 14 | 13 | 0 | 2 | 0 |
1940 to 1949 | 4 | 4 | 0 | 0 | 0 |
1939 or earlier | 4 | 0 | 0 | 4 | 0 |
Purchase Price Properties acquired by purchase 1997 to 2001 (part) |
99 | 65 | 5 | 25 | 3 |
Less than $20,000 | 0 | 0 | 0 | 0 | 0 |
$20,000 to $39,999 | 1 | 1 | 0 | 0 | 0 |
$40,000 to $59,999 | 8 | 7 | 0 | 2 | 0 |
$60,000 to $79,999 | 13 | 10 | 0 | 0 | 3 |
$80,000 to $99,999 | 13 | 13 | 0 | 0 | 0 |
$100,000 to $124,999 | 18 | 11 | 3 | 3 | 0 |
$125,000 to $149,999 | 15 | 9 | 0 | 7 | 0 |
$150,000 to $174,999 | 3 | 3 | 0 | 0 | 0 |
$175,000 to $199,999 | 4 | 4 | 0 | 0 | 0 |
$200,000 to $249,999 | 6 | 6 | 0 | 0 | 0 |
$250,000 to $299,999 | 4 | 2 | 0 | 3 | 0 |
$300,000 to $499,999 | 8 | 1 | 0 | 7 | 0 |
$500,000 or more | 6 | 0 | 2 | 4 | 0 |
Median | 119931 | 104712 | 121291 | 266936 | 70000 |
Mean | 180756 | 119881 | 307907 | 323989 | 69370 |
Other properties | 186 | 128 | 10 | 45 | 3 |
Value Less than $20,000 |
0 | 0 | 0 | 0 | 0 |
$20,000 to $39,999 | 6 | 2 | 0 | 3 | 0 |
$40,000 to $59,999 | 24 | 18 | 2 | 4 | 0 |
$60,000 to $79,999 | 16 | 10 | 0 | 3 | 3 |
$80,000 to $99,999 | 56 | 48 | 0 | 6 | 3 |
$100,000 to $124,999 | 62 | 49 | 5 | 8 | 0 |
$125,000 to $149,999 | 25 | 17 | 2 | 6 | 0 |
$150,000 to $174,999 | 31 | 17 | 4 | 10 | 0 |
$175,000 to $199,999 | 13 | 9 | 0 | 4 | 0 |
$200,000 to $249,999 | 7 | 5 | 0 | 2 | 0 |
$250,000 to $299,999 | 12 | 7 | 0 | 6 | 0 |
$300,000 to $499,999 | 24 | 10 | 0 | 14 | 0 |
$500,000 or more | 8 | 1 | 2 | 5 | 0 |
Median | 116224 | 109675 | 135067 | 162135 | 79247 |
Mean | 154309 | 129235 | 220390 | 215109 | 80286 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
84 | 59 | 4 | 21 | 0 |
Less than $500 | 12 | 9 | 0 | 3 | 0 |
$500 to $999 | 10 | 9 | 0 | 1 | 0 |
$1,000 to $2,499 | 22 | 16 | 0 | 6 | 0 |
$2,500 to $4,999 | 24 | 15 | 4 | 5 | 0 |
$5,000 to $7,499 | 6 | 6 | 0 | 0 | 0 |
$7,500 to $9,999 | 5 | 0 | 0 | 5 | 0 |
$10,000 to $14,999 | 1 | 1 | 0 | 0 | 0 |
$15,000 to $19,999 | 1 | 1 | 0 | 0 | 0 |
$20,000 to $29,999 | 2 | 2 | 0 | 0 | 0 |
$30,000 or more | 1 | 0 | 0 | 1 | 0 |
Median | 2382 | 2146 | 3750 | 2542 | 500- |
Mean | 6004 | 3142 | 3161 | 14346 | 0 |
Properties with no capital improvements between 1998 and 2000 |
123 | 80 | 9 | 31 | 3 |
Capital improvements not reported |
79 | 55 | 2 | 19 | 3 |
Monthly Rental Receipts Per Housing Unit Acquired before 2000 |
229 | 163 | 12 | 50 | 4 |
Less than $100 | 4 | 4 | 0 | 0 | 0 |
$100 to $199 | 0 | 0 | 0 | 0 | 0 |
$200 to $299 | 3 | 3 | 0 | 0 | 0 |
$300 to $399 | 5 | 2 | 0 | 4 | 0 |
$400 to $499 | 18 | 14 | 0 | 4 | 0 |
$500 to $599 | 20 | 12 | 4 | 3 | 1 |
$600 to $799 | 23 | 19 | 0 | 4 | 0 |
$800 to $999 | 81 | 71 | 0 | 7 | 3 |
$1000 or more | 66 | 29 | 8 | 28 | 0 |
No rental receipts | 8 | 8 | 0 | 0 | 0 |
Median | 889 | 865 | 1000+ | 1000+ | 860 |
Mean | 1315 | 944 | 2174 | 2362 | 679 |
Acquired 2000 and 2001 (part) | 56 | 31 | 3 | 20 | 2 |
Rental Receipts as Percent of Value@8 Acquired before 2000 |
229 | 163 | 12 | 50 | 4 |
Less than 5 percent | 11 | 10 | 0 | 1 | 0 |
5 to 9 percent | 87 | 62 | 2 | 22 | 1 |
10 to 14 percent | 105 | 71 | 10 | 21 | 3 |
15 to 19 percent | 1 | 0 | 0 | 1 | 0 |
20 to 24 percent | 3 | 0 | 0 | 3 | 0 |
25 to 29 percent | 0 | 0 | 0 | 0 | 0 |
30 to 39 percent | 1 | 1 | 0 | 0 | 0 |
40 percent or more | 7 | 5 | 0 | 1 | 0 |
Median | 10 | 10 | 12 | 10 | 11 |
Acquired 2000 and 2001 (part) | 56 | 31 | 3 | 20 | 2 |
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000 |
229 | 163 | 12 | 50 | 4 |
Less than 1.0 percent | 77 | 52 | 0 | 22 | 3 |
1.0 to 2.9 percent | 5 | 2 | 0 | 3 | 0 |
3.0 to 4.9 percent | 2 | 2 | 0 | 0 | 0 |
5.0 to 6.9 percent | 0 | 0 | 0 | 0 | 0 |
7.0 to 8.9 percent | 13 | 12 | 2 | 0 | 0 |
9.0 to 10.9 percent | 0 | 0 | 0 | 0 | 0 |
11.0 to 12.9 percent | 0 | 0 | 0 | 0 | 0 |
13.0 to 14.9 percent | 1 | 1 | 0 | 0 | 0 |
15.0 percent or more | 33 | 21 | 2 | 9 | 0 |
Not reported or not computed | 98 | 72 | 8 | 16 | 1 |
Median | 0.9 | 0.9 | 20.4 | 0.8 | 0.5 |
Acquired 2000 and 2001 (part) | 56 | 31 | 3 | 20 | 2 |
Age Restrictions Condominium building restricted to people age 55 or older |
57 | 33 | 5 | 17 | 2 |
Condominium building not restricted to people age 55 or older |
216 | 151 | 10 | 51 | 4 |
Not reported | 12 | 9 | 0 | 3 | 0 |
Meal Service Provided for Age-Restricted Condominiums Meal serviced provided |
29 | 19 | 2 | 8 | 0 |
Charge included in rent | 17 | 12 | 2 | 3 | 0 |
Charge not included in rent | 0 | 0 | 0 | 0 | 0 |
Not reported | 12 | 6 | 0 | 5 | 0 |
Meal service not provided | 24 | 13 | 2 | 7 | 2 |
Not reported | 233 | 162 | 12 | 55 | 4 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
1 | 1 | 0 | 0 | 0 |
Government rental subsidy | 13 | 9 | 0 | 3 | 0 |
Government grant | 0 | 0 | 0 | 0 | 0 |
Property tax relief | 0 | 0 | 0 | 0 | 0 |
Federal income tax credit for low-income, old or historic properties |
0 | 0 | 0 | 0 | 0 |
Accelerated federal income tax depreciation for low- and moderate-income properties |
0 | 0 | 0 | 0 | 0 |
Subsidy from a non-profit corporation | 0 | 0 | 0 | 0 | 0 |
None of the above benefits | 211 | 138 | 11 | 58 | 5 |
Not reported | 60 | 45 | 4 | 10 | 1 |
Source of Property Benefits@1 With property benefits |
14 | 11 | 0 | 3 | 0 |
Federal government | 8 | 6 | 0 | 2 | 0 |
State government | 1 | 0 | 0 | 1 | 0 |
Local government | 0 | 0 | 0 | 0 | 0 |
Non-profit corporation | 0 | 0 | 0 | 0 | 0 |
Not reported | 4 | 4 | 0 | 0 | 0 |
With no property benefits | 211 | 138 | 11 | 58 | 5 |
Not reported | 60 | 45 | 4 | 10 | 1 |
Reason for Benefits@1 With property benefits |
14 | 11 | 0 | 3 | 0 |
Occupied by low- or moderate-income individuals |
8 | 6 | 0 | 1 | 0 |
Occupied by elderly or disabled individuals |
3 | 0 | 0 | 3 | 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 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
Not reported | 4 | 4 | 0 | 0 | 0 |
With no property benefits | 211 | 138 | 11 | 58 | 5 |
Not reported | 60 | 45 | 4 | 10 | 1 |
OWNER CHARACTERISTICS Type of Owner Individual investor(s) |
245 | 173 | 11 | 56 | 6 |
Limited partnership | 4 | 3 | 0 | 1 | 0 |
Joint venture | 6 | 0 | 4 | 2 | 0 |
General partnership | 1 | 1 | 0 | 0 | 0 |
Life insurance company | 0 | 0 | 0 | 0 | 0 |
Depository institution | 0 | 0 | 0 | 0 | 0 |
Public real estate investment trust | 7 | 0 | 0 | 7 | 0 |
Private real estate investment trust | 0 | 0 | 0 | 0 | 0 |
Corporation - other than real estate investment trust |
8 | 5 | 0 | 3 | 0 |
Housing cooperative organization | 0 | 0 | 0 | 0 | 0 |
Non-profit or church-related institution | 6 | 6 | 0 | 0 | 0 |
Pension fund | 0 | 0 | 0 | 0 | 0 |
Fraternal organization | 0 | 0 | 0 | 0 | 0 |
Other | 7 | 5 | 0 | 2 | 0 |
MORTGAGE CHARACTERISTICS Origin of First Mortgage Mortgage made at time property acquired |
231 | 155 | 9 | 63 | 3 |
Mortgage assumed at the time property acquired |
14 | 5 | 4 | 2 | 3 |
Mortgage placed later than acquisition of property |
41 | 33 | 2 | 6 | 0 |
Refinanced mortgage | 39 | 31 | 2 | 6 | 0 |
Same lender | 4 | 4 | 0 | 0 | 0 |
Different lender | 34 | 27 | 2 | 6 | 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 |
41 | 33 | 2 | 6 | 0 |
Obtain lower interest rate | 31 | 23 | 2 | 6 | 0 |
Increase payment period for mortgage | 0 | 0 | 0 | 0 | 0 |
Reduce payment period for mortgage | 0 | 0 | 0 | 0 | 0 |
Renew or extend loan that had fallen due, without increasing outstanding balance |
2 | 2 | 0 | 0 | 0 |
Receive cash or increase outstanding balance of loan |
6 | 6 | 0 | 0 | 0 |
Other reason | 2 | 2 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Other properties | 245 | 160 | 13 | 65 | 6 |
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 |
6 | 6 | 0 | 0 | 0 |
Less than $20,000 | 0 | 0 | 0 | 0 | 0 |
$20,000 to $39,999 | 0 | 0 | 0 | 0 | 0 |
$40,000 to $59,999 | 4 | 4 | 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 | 2 | 2 | 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 | 54830 | 54830 | 20000- | 20000- | 20000- |
Mean | 65227 | 65227 | 0 | 0 | 0 |
Properties that refinanced and did not receive cash back |
31 | 24 | 2 | 6 | 0 |
Properties that refinanced and did not report if received cash back |
4 | 4 | 0 | 0 | 0 |
Properties that did not refinance |
245 | 160 | 13 | 65 | 6 |
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 |
6 | 6 | 0 | 0 | 0 |
For additions, improvements or repairs to this property |
0 | 0 | 0 | 0 | 0 |
To consolidate debts | 6 | 6 | 0 | 0 | 0 |
For investment in other real estate | 4 | 4 | 0 | 0 | 0 |
For other types of investments | 4 | 4 | 0 | 0 | 0 |
For educational or medical expenses | 0 | 0 | 0 | 0 | 0 |
To start a business | 0 | 0 | 0 | 0 | 0 |
To settle a divorce | 0 | 0 | 0 | 0 | 0 |
To pay taxes | 0 | 0 | 0 | 0 | 0 |
To purchase an automobile, truck, or other vehicle |
4 | 4 | 0 | 0 | 0 |
To purchase consumer product other than automobile, truck, or other vehicle |
0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Properties that refinanced and did not receive cash back |
31 | 24 | 2 | 6 | 0 |
Properties that refinanced and did not report if received cash back |
4 | 4 | 0 | 0 | 0 |
Properties that did not refinance |
245 | 160 | 13 | 65 | 6 |
Not available | 0 | 0 | 0 | 0 | 0 |
Year First Mortgage Made or Assumed 1999 to 2001 (part) |
112 | 81 | 3 | 26 | 2 |
1997 and 1998 | 27 | 14 | 4 | 8 | 1 |
1995 and 1996 | 19 | 16 | 0 | 3 | 0 |
1990 to 1994 | 71 | 53 | 0 | 15 | 3 |
1985 to 1989 | 27 | 12 | 8 | 7 | 0 |
1980 to 1984 | 22 | 15 | 0 | 7 | 0 |
1979 or earlier | 8 | 3 | 0 | 5 | 0 |
First Mortgage Insurance Status FHA-insured first mortgage |
44 | 34 | 0 | 10 | 0 |
VA-guaranteed first mortgage | 6 | 4 | 0 | 2 | 0 |
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage |
3 | 3 | 0 | 0 | 0 |
Other federal, state, or local government-insured or guaranteed first mortgage |
0 | 0 | 0 | 0 | 0 |
Insured conventional first mortgage | 23 | 14 | 0 | 9 | 0 |
Uninsured conventional first mortgage | 210 | 140 | 15 | 49 | 6 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Traditional First Mortgage Loan Less than $20,000 |
3 | 0 | 2 | 1 | 0 |
$20,000 to $29,999 | 13 | 12 | 0 | 1 | 0 |
$30,000 to $39,999 | 23 | 16 | 0 | 7 | 0 |
$40,000 to $49,999 | 28 | 25 | 2 | 1 | 0 |
$50,000 to $59,999 | 19 | 15 | 0 | 3 | 0 |
$60,000 to $79,999 | 61 | 45 | 0 | 10 | 6 |
$80,000 to $99,999 | 44 | 32 | 2 | 10 | 0 |
$100,000 to $149,999 | 53 | 37 | 3 | 13 | 0 |
$150,000 to $199,999 | 6 | 3 | 0 | 3 | 0 |
$200,000 to $249,999 | 14 | 4 | 0 | 10 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 10 | 1 | 2 | 6 | 0 |
Not reported | 12 | 3 | 4 | 4 | 0 |
Median | 76564 | 72239 | 99711 | 96525 | 70000 |
Mean | 94656 | 78778 | 132860 | 136530 | 66473 |
Total Mortgage Loan Less than $20,000 |
3 | 0 | 2 | 1 | 0 |
$20,000 to $29,999 | 13 | 12 | 0 | 1 | 0 |
$30,000 to $39,999 | 23 | 16 | 0 | 7 | 0 |
$40,000 to $49,999 | 27 | 24 | 2 | 1 | 0 |
$50,000 to $59,999 | 19 | 15 | 0 | 3 | 0 |
$60,000 to $79,999 | 48 | 33 | 0 | 9 | 6 |
$80,000 to $99,999 | 47 | 35 | 2 | 10 | 0 |
$100,000 to $149,999 | 64 | 47 | 3 | 14 | 0 |
$150,000 to $199,999 | 6 | 3 | 0 | 3 | 0 |
$200,000 to $249,999 | 12 | 3 | 0 | 10 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 11 | 2 | 2 | 6 | 0 |
Not reported | 12 | 3 | 4 | 4 | 0 |
Median | 81721 | 77432 | 99711 | 99294 | 70000 |
Mean | 97993 | 83052 | 132860 | 138032 | 66473 |
Traditional First Mortgage Outstanding Debt Less than $10,000 |
10 | 10 | 0 | 0 | 0 |
$10,000 to $19,999 | 13 | 3 | 2 | 8 | 0 |
$20,000 to $29,999 | 13 | 13 | 0 | 0 | 0 |
$30,000 to $39,999 | 17 | 14 | 2 | 2 | 0 |
$40,000 to $49,999 | 36 | 31 | 0 | 5 | 0 |
$50,000 to $59,999 | 27 | 22 | 0 | 2 | 3 |
$60,000 to $79,999 | 57 | 36 | 2 | 16 | 3 |
$80,000 to $99,999 | 34 | 28 | 0 | 6 | 0 |
$100,000 to $149,999 | 40 | 28 | 3 | 9 | 0 |
$150,000 to $199,999 | 7 | 4 | 0 | 3 | 0 |
$200,000 to $249,999 | 10 | 0 | 0 | 10 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 10 | 1 | 2 | 6 | 0 |
Not reported | 12 | 3 | 4 | 4 | 0 |
Median | 67275 | 61356 | 79711 | 81971 | 60752 |
Mean | 86019 | 69954 | 121818 | 128463 | 61751 |
Current Interest Rate on First Mortgage Less than 6.0 percent |
99 | 46 | 15 | 31 | 6 |
6.0 percent | 2 | 0 | 0 | 2 | 0 |
6.1 to 6.4 percent | 9 | 1 | 0 | 8 | 0 |
6.5 to 6.9 percent | 9 | 2 | 0 | 7 | 0 |
7.0 percent | 13 | 13 | 0 | 0 | 0 |
7.1 to 7.4 percent | 32 | 23 | 0 | 9 | 0 |
7.5 to 7.9 percent | 40 | 35 | 0 | 6 | 0 |
8.0 percent | 13 | 12 | 0 | 2 | 0 |
8.1 to 8.4 percent | 4 | 4 | 0 | 0 | 0 |
8.5 to 8.9 percent | 4 | 4 | 0 | 0 | 0 |
9.0 percent | 3 | 3 | 0 | 0 | 0 |
9.1 to 9.4 percent | 1 | 0 | 0 | 1 | 0 |
9.5 to 9.9 percent | 0 | 0 | 0 | 0 | 0 |
10.0 percent | 1 | 1 | 0 | 0 | 0 |
10.1 to 10.4 percent | 1 | 1 | 0 | 0 | 0 |
10.5 to 10.9 percent | 0 | 0 | 0 | 0 | 0 |
11.0 percent | 2 | 2 | 0 | 0 | 0 |
11.1 to 12.9 percent | 7 | 7 | 0 | 0 | 0 |
13.0 percent | 0 | 0 | 0 | 0 | 0 |
13.1 percent or more | 46 | 41 | 0 | 5 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 7.2 | 7.7 | 3.0 | 6.2 | 3.0 |
Type of Interest Rate Buydown Properties with interest rate buydown |
5 | 5 | 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 | 5 | 5 | 0 | 0 | 0 |
Properties without interest rate buydown |
110 | 78 | 3 | 28 | 0 |
Not reported | 171 | 110 | 12 | 43 | 6 |
Term of First Mortgage Less than 5 years |
0 | 0 | 0 | 0 | 0 |
5 years | 2 | 2 | 0 | 0 | 0 |
6 to 9 years | 1 | 1 | 0 | 0 | 0 |
10 years | 6 | 3 | 0 | 4 | 0 |
11 to 14 years | 0 | 0 | 0 | 0 | 0 |
15 years | 16 | 16 | 0 | 0 | 0 |
16 to 19 years | 0 | 0 | 0 | 0 | 0 |
20 years | 0 | 0 | 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 | 124 | 86 | 0 | 38 | 0 |
More than 30 years | 0 | 0 | 0 | 0 | 0 |
No stated term | 136 | 85 | 15 | 29 | 6 |
Median | 30 | 30 | 5- | 30 | 5- |
Unexpired Term of First Mortgage Less than 5 years |
7 | 7 | 0 | 0 | 0 |
5 to 9 years | 23 | 15 | 0 | 7 | 0 |
10 to 14 years | 11 | 3 | 0 | 8 | 0 |
15 to 19 years | 18 | 16 | 0 | 2 | 0 |
20 to 24 years | 31 | 21 | 0 | 9 | 0 |
25 to 29 years | 37 | 32 | 0 | 5 | 0 |
30 or more years | 24 | 14 | 0 | 10 | 0 |
No stated term or not computed | 136 | 85 | 15 | 29 | 6 |
Median | 22 | 23 | 5- | 21 | 5- |
Holder of First Mortgage Commercial bank or trust company |
52 | 39 | 5 | 5 | 3 |
Savings and loan association, federal savings bank |
37 | 11 | 4 | 21 | 1 |
Mutual savings bank | 6 | 3 | 3 | 0 | 0 |
Life insurance company | 0 | 0 | 0 | 0 | 0 |
Mortgage banker or mortgage company | 44 | 34 | 0 | 9 | 0 |
Federally-sponsored secondary market agency or pool |
118 | 85 | 2 | 29 | 2 |
Conventional mortgage pool | 2 | 2 | 0 | 0 | 0 |
Other federal agency | 6 | 4 | 0 | 3 | 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 | 0 | 0 | 0 | 0 | 0 |
State or municipal government or housing finance agency |
8 | 6 | 0 | 2 | 0 |
Individual or individual's estate | 8 | 8 | 0 | 0 | 0 |
Other | 5 | 3 | 0 | 2 | 0 |
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase | 210 | 138 | 13 | 55 | 3 |
Less than 40 percent | 10 | 6 | 2 | 3 | 0 |
40 to 49 percent | 6 | 6 | 0 | 0 | 0 |
50 to 59 percent | 8 | 4 | 0 | 3 | 0 |
60 to 69 percent | 20 | 15 | 2 | 3 | 0 |
70 to 79 percent | 31 | 27 | 0 | 4 | 0 |
80 to 89 percent | 43 | 21 | 0 | 22 | 0 |
90 to 94 percent | 14 | 5 | 0 | 7 | 2 |
95 to 99 percent | 24 | 21 | 3 | 0 | 0 |
100 percent or more | 43 | 32 | 2 | 8 | 1 |
Not reported | 11 | 2 | 4 | 4 | 0 |
Median | 85 | 84 | 95 | 85 | 93 |
Other properties | 76 | 55 | 2 | 16 | 3 |
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 |
210 | 138 | 13 | 55 | 3 |
Less than 40 percent | 10 | 7 | 2 | 1 | 0 |
40 to 49 percent | 6 | 6 | 0 | 0 | 0 |
50 to 59 percent | 8 | 3 | 0 | 4 | 0 |
60 to 69 percent | 40 | 30 | 2 | 8 | 0 |
70 to 79 percent | 27 | 24 | 0 | 3 | 0 |
80 to 89 percent | 42 | 16 | 3 | 24 | 0 |
90 to 94 percent | 9 | 3 | 0 | 5 | 2 |
95 to 99 percent | 16 | 15 | 0 | 2 | 0 |
100 percent or more | 41 | 33 | 2 | 4 | 1 |
Not reported | 10 | 1 | 4 | 4 | 0 |
Median | 82 | 79 | 81 | 83 | 93 |
Other properties | 76 | 55 | 2 | 16 | 3 |
Not available | 0 | 0 | 0 | 0 | 0 |
First Mortgage Risk Subprime loan |
7 | 7 | 0 | 0 | 0 |
Not subprime loan | 278 | 186 | 15 | 71 | 6 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Treasury security | 14 | 0 | 0 | 14 | 0 |
Average cost of funds in bank district | 18 | 0 | 0 | 18 | 0 |
National average cost of funds | 0 | 0 | 0 | 0 | 0 |
OTS contract mortgage rate | 0 | 0 | 0 | 0 | 0 |
Other method | 2 | 0 | 0 | 2 | 0 |
No index used | 2 | 0 | 0 | 2 | 0 |
Not reported | 41 | 0 | 0 | 35 | 6 |
Other properties | 209 | 193 | 15 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Monthly | 15 | 0 | 0 | 15 | 0 |
Every 3 months | 0 | 0 | 0 | 0 | 0 |
Every 6 months | 6 | 0 | 0 | 6 | 0 |
Yearly | 13 | 0 | 0 | 13 | 0 |
Every 3 years | 2 | 0 | 0 | 2 | 0 |
Every 5 years | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 41 | 0 | 0 | 35 | 6 |
Other properties | 209 | 193 | 15 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Less than 1 percent | 2 | 0 | 0 | 2 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 |
2 percent | 6 | 0 | 0 | 6 | 0 |
2.1 to 2.9 percent | 6 | 0 | 0 | 6 | 0 |
3 percent | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 2 | 0 | 0 | 2 | 0 |
4.0 percent or more | 2 | 0 | 0 | 2 | 0 |
No caps | 19 | 0 | 0 | 19 | 0 |
Not reported | 41 | 0 | 0 | 35 | 6 |
Other properties | 209 | 193 | 15 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Less than 1 percent | 2 | 0 | 0 | 2 | 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 | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 22 | 0 | 0 | 22 | 0 |
No caps | 8 | 0 | 0 | 8 | 0 |
Not reported | 44 | 0 | 0 | 38 | 6 |
Other properties | 209 | 193 | 15 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Yes, rate has changed | 33 | 0 | 0 | 33 | 0 |
No change since mortgage made | 3 | 0 | 0 | 3 | 0 |
Not reported | 41 | 0 | 0 | 35 | 6 |
Other properties | 209 | 193 | 15 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 2 | 0 | 0 | 2 | 0 |
2 percent | 5 | 0 | 0 | 5 | 0 |
2.1 to 2.9 percent | 14 | 0 | 0 | 14 | 0 |
3 percent | 3 | 0 | 0 | 3 | 0 |
3.1 to 3.9 percent | 12 | 0 | 0 | 12 | 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 | 41 | 0 | 0 | 35 | 6 |
Median | 2.8 | 0.0 | 0.0 | 2.8 | 0.0 |
Other properties | 209 | 193 | 15 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage |
77 | 0 | 0 | 71 | 6 |
Can be converted | 5 | 0 | 0 | 5 | 0 |
Cannot be converted | 23 | 0 | 0 | 23 | 0 |
Not reported | 49 | 0 | 0 | 43 | 6 |
Other properties | 209 | 193 | 15 | 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 |
245 | 193 | 15 | 36 | 0 |
Not reported | 41 | 0 | 0 | 35 | 6 |
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 | 245 | 193 | 15 | 36 | 0 |
Not reported | 41 | 0 | 0 | 35 | 6 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal |
274 | 188 | 9 | 71 | 6 |
Interest and principal | 270 | 188 | 5 | 71 | 6 |
Fully amortized | 256 | 183 | 0 | 67 | 6 |
Not fully amortized | 15 | 6 | 5 | 4 | 0 |
Interest only | 3 | 0 | 3 | 0 | 0 |
No regular payments required | 2 | 2 | 0 | 0 | 0 |
Not reported | 10 | 3 | 7 | 0 | 0 |
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal |
270 | 188 | 5 | 71 | 6 |
Real estate taxes | 79 | 56 | 0 | 23 | 0 |
Property insurance | 39 | 26 | 0 | 13 | 0 |
Mortgage insurance | 21 | 20 | 0 | 2 | 0 |
Other | 15 | 13 | 0 | 2 | 0 |
No items included or not reported | 191 | 132 | 5 | 48 | 6 |
No regular payments of interest and principal |
15 | 5 | 10 | 0 | 0 |
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal |
274 | 188 | 9 | 71 | 6 |
Less than $100 | 0 | 0 | 0 | 0 | 0 |
$100 to $199 | 5 | 3 | 0 | 2 | 0 |
$200 to $299 | 25 | 18 | 0 | 7 | 0 |
$300 to $399 | 34 | 26 | 0 | 8 | 0 |
$400 to $499 | 26 | 17 | 2 | 6 | 1 |
$500 to $599 | 42 | 32 | 2 | 6 | 2 |
$600 to $699 | 33 | 19 | 3 | 7 | 3 |
$700 to $799 | 31 | 27 | 0 | 4 | 0 |
$800 to $899 | 25 | 20 | 2 | 3 | 0 |
$900 to $999 | 12 | 3 | 0 | 9 | 0 |
$1,000 to $1,249 | 12 | 10 | 0 | 2 | 0 |
$1,250 to $1,499 | 12 | 5 | 0 | 7 | 0 |
$1,500 or more | 16 | 7 | 0 | 9 | 0 |
Median | 613 | 591 | 618 | 691 | 594 |
Mean | 750 | 689 | 635 | 939 | 583 |
No regular payments required | 2 | 2 | 0 | 0 | 0 |
Not reported | 10 | 3 | 7 | 0 | 0 |
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest |
284 | 192 | 15 | 71 | 6 |
Up-to-date, ahead of schedule, or less than 90 days past due |
132 | 93 | 3 | 36 | 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 | 152 | 99 | 12 | 35 | 6 |
Other properties | 2 | 2 | 0 | 0 | 0 |
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal |
274 | 188 | 9 | 71 | 6 |
Less than $100 | 0 | 0 | 0 | 0 | 0 |
$100 to $199 | 5 | 3 | 0 | 2 | 0 |
$200 to $299 | 25 | 18 | 0 | 7 | 0 |
$300 to $399 | 33 | 25 | 0 | 8 | 0 |
$400 to $499 | 21 | 12 | 2 | 6 | 1 |
$500 to $599 | 42 | 32 | 2 | 6 | 2 |
$600 to $699 | 33 | 19 | 3 | 7 | 3 |
$700 to $799 | 27 | 23 | 0 | 4 | 0 |
$800 to $899 | 29 | 24 | 2 | 3 | 0 |
$900 to $999 | 14 | 5 | 0 | 9 | 0 |
$1,000 to $1,249 | 12 | 10 | 0 | 2 | 0 |
$1,250 to $1,499 | 17 | 10 | 0 | 7 | 0 |
$1,500 or more | 16 | 7 | 0 | 9 | 0 |
Median | 633 | 618 | 618 | 691 | 594 |
Mean | 1182 | 1315 | 635 | 946 | 583 |
No regular monthly payments required |
12 | 5 | 7 | 0 | 0 |
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi | 217 | 157 | 5 | 50 | 4 |
Less than 20 percent | 14 | 7 | 0 | 7 | 0 |
20 to 29 percent | 5 | 3 | 0 | 3 | 0 |
30 to 39 percent | 11 | 6 | 0 | 5 | 0 |
40 to 49 percent | 27 | 26 | 0 | 1 | 0 |
50 to 59 percent | 22 | 18 | 0 | 3 | 0 |
60 to 69 percent | 19 | 17 | 0 | 2 | 0 |
70 to 79 percent | 31 | 13 | 2 | 16 | 0 |
80 to 89 percent | 30 | 21 | 2 | 3 | 4 |
90 to 99 percent | 16 | 12 | 0 | 4 | 0 |
100 percent or more | 29 | 22 | 2 | 5 | 0 |
Not reported or not computed | 13 | 13 | 0 | 0 | 0 |
Median | 71.2 | 67.3 | 85.7 | 72.2 | 85.0 |
Other properties | 68 | 36 | 10 | 20 | 2 |
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal | 217 | 157 | 5 | 50 | 4 |
Less than 20 percent | 14 | 7 | 0 | 7 | 0 |
20 to 29 percent | 5 | 3 | 0 | 3 | 0 |
30 to 39 percent | 11 | 6 | 0 | 5 | 0 |
40 to 49 percent | 21 | 20 | 0 | 1 | 0 |
50 to 59 percent | 22 | 18 | 0 | 3 | 0 |
60 to 69 percent | 14 | 12 | 0 | 2 | 0 |
70 to 79 percent | 31 | 13 | 2 | 16 | 0 |
80 to 89 percent | 36 | 27 | 2 | 3 | 4 |
90 to 99 percent | 14 | 10 | 0 | 4 | 0 |
100 percent or more | 37 | 29 | 2 | 5 | 0 |
Not reported or not computed | 13 | 13 | 0 | 0 | 0 |
Median | 74.9 | 75.3 | 85.7 | 72.2 | 85.0 |
Other properties | 68 | 36 | 10 | 20 | 2 |
Real Estate Tax Per $1,000 Value Acquired before 2000 |
229 | 163 | 12 | 50 | 4 |
Less than $5 | 21 | 17 | 0 | 5 | 0 |
$5 to $9 | 129 | 90 | 4 | 31 | 4 |
$10 to $14 | 47 | 36 | 4 | 8 | 0 |
$15 to $19 | 14 | 12 | 0 | 2 | 0 |
$20 to $24 | 5 | 5 | 0 | 0 | 0 |
$25 to $29 | 2 | 0 | 0 | 2 | 0 |
$30 to $39 | 1 | 1 | 0 | 0 | 0 |
$40 to $49 | 0 | 0 | 0 | 0 | 0 |
$50 to $59 | 2 | 0 | 0 | 2 | 0 |
$60 or more | 1 | 0 | 0 | 1 | 0 |
Not reported or not computed | 6 | 1 | 4 | 0 | 0 |
Median | 8 | 8 | 9 | 8 | 7 |
Acquired 2000 and 2001 (part) | 56 | 31 | 3 | 20 | 2 |
Real Estate Tax as Percent of Rental Receipts Acquired before 2000 |
229 | 163 | 12 | 50 | 4 |
Less than 5 percent | 19 | 13 | 0 | 7 | 0 |
5 to 9 percent | 84 | 55 | 4 | 22 | 3 |
10 to 14 percent | 70 | 55 | 2 | 11 | 1 |
15 to 19 percent | 13 | 8 | 2 | 4 | 0 |
20 to 24 percent | 7 | 5 | 0 | 2 | 0 |
25 to 29 percent | 4 | 3 | 0 | 1 | 0 |
30 to 34 percent | 8 | 6 | 0 | 2 | 0 |
35 to 39 percent | 3 | 3 | 0 | 0 | 0 |
40 percent or more | 2 | 0 | 0 | 2 | 0 |
Not reported or not computed | 18 | 14 | 4 | 0 | 0 |
Median | 10 | 10 | 9 | 9 | 8 |
Acquired 2000 and 2001 (part) | 56 | 31 | 3 | 20 | 2 |