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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
25,453,000 None, owned free and clear
29,000 Reverse mortgage
5,757,000 Regular and home equity mortgages 1/
27,670,000 Regular mortgage only
2,708,000 Home equity mortgage only
2,427,000 With regular mortgage, home equity not
reported
1,443,000 No regular mortgage, home equity not
reported
Number of Regular and Home Equity Mortgages1/
29,210,000 1 mortgage
6,345,000 2 mortgages
444,000 3 mortgages or more
4,008,000 Number not reported
Type of Home Equity Mortgage
8,465,000 Units with 1 or more home equity
mortgages
3,354,000 Lump sum only
4,765,000 Credit line only
3,271,000 With outstanding balance
40,000 Both
306,000 Type not reported
Owners With One or More Regular Mortgages
35,855,000 Total
Type of Primary Mortgage
5,065,000 FHA
1,936,000 VA
364,000 Farmers Home Administration
25,579,000 Other types
98,000 Don't know
2,813,000 Not reported
Lower Cost State and Local Mortgages
3,160,000 State or local program used
29,973,000 Not used
2,722,000 Not reported
Mortgage Origination
34,766,000 Placed new mortgage(s)
31,549,000 Primary obtained when property acquired
3,217,000 Obtained later
957,000 Assumed
26,000 Wrap-around
106,000 Combination of the above
Payment Plan of Primary Mortgage
27,590,000 Fixed payment, self amortizing
2,955,000 Adjustable rate mortgage
256,000 Adjustable term mortgage
376,000 Graduated payment mortgage
328,000 Balloon
17,000 Other
360,000 Combination of the above
3,972,000 Not reported
Payment Plan of Secondary Mortgage
1,463,000 Units with two or more mortgages
1,231,000 Fixed payment, self amortizing
48,000 Adjustable rate mortgage
56,000 Adjustable term mortgage
8,000 Graduated payment mortgage
37,000 Balloon
- Other
27,000 Combination of the above
56,000 Not reported
Lenders of Primary and Secondary Mortgages
31,609,000 Only borrowed from firm(s)
613,000 Only borrowed from seller
425,000 Only borrowed from other individual(s)
53,000 Borrowed from a firm and seller
53,000 Borrowed from a firm and other individual
2,000 Borrowed from seller and other individual
3,099,000 One or both sources not reported
Items Included in Primary Mortgage Payment 2/
10,959,000 Principal and interest only
20,915,000 Property taxes
18,379,000 Property insurance
1,368,000 Other
3,165,000 Not reported
Year Primary Mortgage Originated
- 2000 to 2004
10,894,000 1995 to 1999
11,959,000 1990 to 1994
5,985,000 1985 to 1989
2,439,000 1980 to 1984
2,499,000 1975 to 1979
1,160,000 1970 to 1974
787,000 1960 to 1969
133,000 1950 to 1959
- 1949 or earlier
1992 Median
Term of Primary Mortgage at Origination or
Assumption
948,000 Less than 8 years
1,057,000 8 to 12 years
5,082,000 13 to 17 years
2,424,000 18 to 22 years
1,769,000 23 to 27 years
23,171,000 28 to 32 years
949,000 33 years or more
454,000 Variable
29 Median
Remaining Years Mortgaged
6,357,000 Less than 8 years
4,788,000 8 to 12
4,102,000 13 to 17
4,881,000 18 to 22
7,866,000 23 to 27
7,241,000 28 to 32
103,000 33 years or more
518,000 Variable
20 Median
Current Interest Rate
710,000 Less than 6 percent
16,069,000 6 to 7.9
15,382,000 8 to 9.9
2,659,000 10 to 11.9
737,000 12 to 13.9
180,000 14 to 15.9
43,000 16 to 17.9
58,000 18 to 19.9
17,000 20 percent or more
... Not reported
8.1 Median
Total Outstanding Principal Amount
4,832,000 Less than $10,000
3,103,000 $10,000 to $19,999
3,154,000 $20,000 to $29,999
3,281,000 $30,000 to $39,999
2,853,000 $40,000 to $49,999
2,658,000 $50,000 to $59,999
2,494,000 $60,000 to $69,999
2,369,000 $70,000 to $79,999
3,487,000 $80,000 to $99,999
2,292,000 $100,000 to $119,999
2,272,000 $120,000 to $149,999
1,742,000 $150,000 to $199,999
637,000 $200,000 to $249,999
281,000 $250,000 to $299,999
400,000 $300,000 or more
... Not reported
$52,648 Median
Current Total Loan as Percent of Value
6,829,000 Less than 20 percent
5,744,000 20 to 39
6,946,000 40 to 59
8,589,000 60 to 79
3,695,000 80 to 89
2,340,000 90 to 99
1,713,000 100 percent or more
... Not reported
55.4 Median
1/ Regular includes all mortgages except reverse and home equity.
2/ Figures may not add to total because more
than one category may apply to a unit.
Go to American Housing Survey: 1997
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: February 18, 2005
