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American Housing Survey (AHS)
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Detailed Tables for Owner Occupied Housing Units
WHAT ARE THE MORTGAGE TERMS? Table 3-15
Owner
Occupied
housing units
Mortgages Currently on Property
25,020,000 None, owned free and clear/1
47,000 Reverse mortgage
45,471,000 Regular and/or home-equity mortgage 2/
42,261,000 Regular Mortgage
3,791,000 Home-equity lump sum mortgage
7,217,000 Home-equity line of credit
1,700,000 Line of credit not reported, no regular
or lump sum
Number of Regular Mortgages and
Home Equity Mortgages
33,429,000 1 mortgage
8,127,000 2 mortgages
855,000 3 mortgages or more
4,760,000 Number not reported
Types of Mortgages
2,374,000 Regular and home-equity lump sum
451,000 With home-equity line of credit
1,902,000 No home-equity line of credit
21,000 Home-equity line of credit not reported
39,887,000 Regular, no home-equity lump sum
4,703,000 With home-equity line of credit
32,205,000 No home-equity line of credit
2,980,000 Home-equity line of credit not reported
1,418,000 Home-equity lump sum, no regular
271,000 With home-equity line of credit
1,123,000 No home-equity line of credit
24,000 Home-equity line of credit not reported
28,560,000 No regular or home-equity lump sum
1,792,000 With home-equity line of credit
25,068,000 No home-equity line of credit
1,700,000 Home-equity line of credit not reported
43,678,000 Owners with One or More Regular or Lump-Sum
Home-Equity Mortgages
Land Contract
30,607,000 Units with one regular mortgage only
3,946,000 Mortgage is a land contract
25,788,000 Not a land contract
872,000 Not reported
Type of Primary Mortgage
5,341,000 FHA
1,981,000 VA
398,000 RHS/RD
32,527,000 Other types
156,000 Don't know
3,276,000 Not reported
Lower Cost State and Local Mortgages
3,376,000 State or local program used
37,113,000 Not used
3,189,000 Not reported
Mortgage Origination
43,315,000 Placed new mortgage(s)
26,276,000 Primary obtained when property acquired
17,040,000 Obtained later
278,000 Assumed
8,000 Wrap-around
76,000 Combination of the above
Payment Plan of Primary Mortgage
36,221,000 Fixed payment, self amortizing
1,695,000 Adjustable rate mortgage
113,000 Adjustable term mortgage
286,000 Graduated payment mortgage
410,000 Balloon
22,000 Other
291,000 Combination of the above
4,641,000 Not reported
Payment Plan of Secondary Mortgage
4,234,000 Units with two or more mortgages
3,373,000 Fixed payment, self amortizing
183,000 Adjustable rate mortgage
129,000 Adjustable term mortgage
18,000 Graduated payment mortgage
105,000 Balloon
5,000 Other
79,000 Combination of the above
342,000 Not reported
Lenders of Primary and Secondary Mortgages
39,068,000 Only borrowed from firm(s)
427,000 Only borrowed from seller
324,000 Only borrowed from other individual(s)
45,000 Borrowed from a firm and seller
28,000 Borrowed from a firm and other individual
3,000 Borrowed from seller and other individual
3,783,000 One or both sources not reported
Items Included in Primary Mortgage
Payment 2/
13,906,000 Principal and interest only
24,420,000 Property taxes
22,246,000 Property insurance
6,256,000 Private mortgage insurance
620,000 Other
4,668,000 Not reported
Year Primary Mortgage Originated
23,739,000 2000 to 2004
10,343,000 1995 to 2001
4,595,000 1990 to 1994
2,249,000 1985 to 1989
889,000 1980 to 1984
1,013,000 1975 to 1979
486,000 1970 to 1974
363,000 1960 to 1969
- 1950 to 1959
- 1949 or earlier
2000+ Median
Term of Primary Mortgage at Origination or
Assumption
1,197,000 Less than 8 years
1,521,000 8 to 12 years
8,979,000 13 to 17 years
2,824,000 18 to 22 years
1,113,000 23 to 27 years
27,048,000 28 to 32 years
806,000 33 years or more
189,000 Variable
29 Median
Remaining Years Mortgaged
6,247,000 Less than 8 years
4,315,000 8 to 12
7,162,000 13 to 17
4,573,000 18 to 22
7,873,000 23 to 27
13,057,000 28 to 32
49,000 33 years or more
403,000 Variable
22 Median
Current Interest Rate
13,759,000 Less than 6 percent
23,109,000 6 to 7.9
5,002,000 8 to 9.9
1,217,000 10 to 11.9
446,000 12 to 13.9
94,000 14 to 15.9
19,000 16 to 17.9
34,000 18 to 19.9
- 20 percent or more
... Not reported
6.7 Median
Total Outstanding Principal Amount
3,253,000 Less than $10,000
2,293,000 $10,000 to $19,999
2,454,000 $20,000 to $29,999
2,412,000 $30,000 to $39,999
2,748,000 $40,000 to $49,999
2,895,000 $50,000 to $59,999
2,677,000 $60,000 to $69,999
2,626,000 $70,000 to $79,999
4,793,000 $80,000 to $99,999
3,663,000 $100,000 to $119,999
4,591,000 $120,000 to $149,999
4,411,000 $150,000 to $199,999
1,976,000 $200,000 to $249,999
1,237,000 $250,000 to $299,999
1,650,000 $300,000 or more
... Not reported
$82,010 Median
Current Total Loan as Percent of Value
5,870,000 Less than 20 percent
6,932,000 20 to 39
9,674,000 40 to 59
11,194,000 60 to 79
4,365,000 80 to 89
3,097,000 90 to 99
2,548,000 100 percent or more
... Not reported
58.7 Median
Reason Primary Mortgage Refinanced
16,596,000 Units with a refinanced primary
mortgage 2/
14,918,000 To get lower interest rate
378,000 To increase payment period
1,931,000 To reduce payment period
144,000 To renew or extend a loan that has fallen due
1,925,000 To receive cash
1,372,000 Other reason
Cash Received in Primary Mortgage
Refinance
1,925,000 Received refinance cash
294,000 Less than $10,000
364,000 $10,000 to $19,999
289,000 $20,000 to $29,999
222,000 $30,000 to $39,999
115,000 $40,000 to $49,999
073,000 $50,000 to $59,999
55,000 $60,000 to $69,999
39,000 $70,000 to $79,999
43,000 $80,000 to $99,999
49,000 $100,000 to $119,999
25,000 $120,000 to $149,999
41,000 $150,000 to $199,999
316,000 Not reported
$25,080 Median
Percent of Primary Mortgage Refinance
Cash Used for Home Additions,
Improvements, or Repairs
1,925,000 Received refinance cash
780,000 Zero percent
68,000 1 to 9 percent
81,000 10 to 19 percent
66,000 20 to 29 percent
35,000 30 to 39 percent
16,000 40 to 49 percent
71,000 50 to 59 percent
45,000 60 to 69 percent
48,000 70 to 79 percent
59,000 80 to 89 percent
31,000 90 to 99 percent
459,000 100 percent
167,000 Not reported
13.9 Median
Percent of Nonrefinanced Primary
Mortgage, Including Home Equity
Lump Sum, Used for Home Purchase
and Improvement
23,409,000 Units with a nonrefinanced primary
mortgage
3,829,000 Zero percent
268,000 1 to 9 percent
124,000 10 to 19 percent
95,000 20 to 29 percent
45,000 30 to 39 percent
24,000 40 to 49 percent
134,000 50 to 59 percent
78,000 60 to 69 percent
101,000 70 to 79 percent
155,000 80 to 89 percent
216,000 90 to 99 percent
16,557,000 100 percent
1,784,000 Not reported
100.0 Median
7,217,000 Owners with One or More Home-Equity
Line-of-Credit Mortgages
Total Home Equity Line-of-Credit
Limit
300,000 Less than $10,000
892,000 $10,000 to $19,999
1,096,000 $20,000 to $29,999
638,000 $30,000 to $39,999
417,000 $40,000 to $49,999
744,000 $50,000 to $59,999
241,000 $60,000 to $69,999
305,000 $70,000 to $79,999
223,000 $80,000 to $99,999
533,000 $100,000 to $119,999
103,000 $120,000 to $149,999
365,000 $150,000 to $199,999
1,360,000 Not reported
$40,058 Median
Total Outstanding Line-of-Credit
Loans
4,043,000 Outstanding loan(s)
898,000 Less than $10,000
1,014,000 $10,000 to $19,999
555,000 $20,000 to $29,999
385,000 $30,000 to $39,999
237,000 $40,000 to $49,999
149,000 $50,000 to $59,999
106,000 $60,000 to $69,999
74,000 $70,000 to $79,999
85,000 $80,000 to $99,999
56,000 $100,000 to $119,999
32,000 $120,000 to $149,999
84,000 $150,000 to $199,999
368,000 Not reported
$19,266 Median
Current Line-of-Credit Interest Rate
4,043,000 Outstanding loan(s)
2,261,000 Less than 6 percent
683,000 6 to 7.9 percent
186,000 8 to 9.9 percent
53,000 10 to 11.9 percent
23,000 12 to 13.9 percent
4,000 14 to 15.9 percent
8,000 16 to 17.9 percent
3,000 18 to 19.9 percent
4,000 20 percent or more
818,000 Not reported
6- Median
Line-of-Credit Monthly Payment
4,043,000 Outstanding loan(s)
490,000 Less than $100
798,000 $100 to $199
428,000 $200 to $199
240,000 $250 to $199
298,000 $300 to $199
150,000 $350 to $199
187,000 $400 to $199
58,000 $450 to $199
358,000 $500 to $199
144,000 $600 to $199
86,000 $700 to $199
109,000 $800 to $199
272,000 $1, 000 or more
424,000 Not reported
$270 Median
Line-of-Credit Amount Used for Home
Additions, Improvements, or Repairs
4,043,000 Outstanding loan(s)
1,889,000 Yes
2,137,000 No
17,000 Not reported
1/ Regular mortgages include all mortgages not classified as home
equity or reverse.
2/ Figures may not add to total because more than one category
may apply to a unit.
Go to American Housing Survey: 2003
Contact the American Housing Survey Branch by email or by phone at 301-763-3235 or 1-888-518-7365, or visit ask.census.gov for further information on American Housing Survey Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: August 12, 2008
