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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
25,604,000 None, owned free and clear
6,279,000 Regular and home equity mortgages10
30,102,000 Regular mortgage only
2,784,000 Home equity mortgage only
2,503,000 With regular mortgage, home equity not
reported
1,525,000 No regular mortgage, home equity not
reported
Number of Regular and Home Equity
Mortgages1/
31,647,000 1 mortgage
6,972,000 2 mortgages
415,000 3 mortgages or more
4,157,000 Number not reported
Type of Home Equity Mortgage
9,062,000 Units with 1 or more home equity
mortgages
3,680,000 Lump sum only
5,013,000 Credit line only
3,260,000 With outstanding balance
48,000 Both
321,000 Type not reported
Owners With One or More Regular Mortgages
38,883,000 Total
Type of Primary Mortgage
5,410,000 FHA
1,893,000 VA
330,000 Farmers Home Administration
28,204,000 Other types
105,000 Don't know
2,942,000 Not reported
Lower Cost State and Local Mortgages
3,199,000 State or local program used
32,756,000 Not used
2,929,000 Not reported
Mortgage Origination
38,199,000 Placed new mortgage(s)
27,479,000 Primary obtained when property acquired
10,720,000 Obtained later
585,000 Assumed
27,000 Wrap-around
73,000 Combination of the above
Payment Plan of Primary Mortgage
31,469,000 Fixed payment, self amortizing
2,057,000 Adjustable rate mortgage
277,000 Adjustable term mortgage
363,000 Graduated payment mortgage
305,000 Balloon
3,000 Other
273,000 Combination of the above
4,138,000 Not reported
Payment Plan of Secondary Mortgage
1,493,000 Units with two or more mortgages
1,240,000 Fixed payment, self amortizing
36,000 Adjustable rate mortgage
84,000 Adjustable term mortgage
21,000 Graduated payment mortgage
30,000 Balloon
- Other
18,000 Combination of the above
64,000 Not reported
Lenders of Primary and Secondary Mortgages
34,642,000 Only borrowed from firm(s)
551,000 Only borrowed from seller
364,000 Only borrowed from other individual(s)
52,000 Borrowed from a firm and seller
35,000 Borrowed from a firm and other individual
3,000 Borrowed from seller and other individual
3,237,000 One or both sources not reported
Items Included in Primary Mortgage Payment
2/
12,160,000 Principal and interest only
22,451,000 Property taxes
19,999,000 Property insurance
1,215,000 Other
3,375,000 Not reported
Year Primary Mortgage Originated
- 2000 to 2004
21,815,000 1995 to 1999
8,945,000 1990 to 1994
3,675,000 1985 to 1989
1,293,000 1980 to 1984
1,692,000 1975 to 1979
808,000 1970 to 1974
645,000 1960 to 1969
14,000 1950 to 1959
- 1949 or earlier
1995+ Median
Term of Primary Mortgage at Origination or
Assumption
1,055,000 Less than 8 years
1,353,000 8 to 12 years
8,036,000 13 to 17 years
2,591,000 18 to 22 years
1,371,000 23 to 27 years
23,182,000 28 to 32 years
858,000 33 years or more
438,000 Variable
29 Median
Remaining Years Mortgaged
6,140,000 Less than 8 years
5,331,000 8 to 12
5,763,000 13 to 17
3,897,000 18 to 22
7,460,000 23 to 27
9,723,000 28 to 32
74,000 33 years or more
496,000 Variable
21 Median
Current Interest Rate
877,000 Less than 6 percent
24,883,000 6 to 7.9
10,333,000 8 to 9.9
1,897,000 10 to 11.9
616,000 12 to 13.9
141,000 14 to 15.9
48,000 16 to 17.9
71,000 18 to 19.9
16,000 20 percent or more
... Not reported
7.5 Median
Total Outstanding Principal Amount
3,941,000 Less than $10,000
2,485,000 $10,000 to $19,999
2,878,000 $20,000 to $29,999
3,002,000 $30,000 to $39,999
2,841,000 $40,000 to $49,999
2,931,000 $50,000 to $59,999
2,863,000 $60,000 to $69,999
2,781,000 $70,000 to $79,999
4,353,000 $80,000 to $99,999
2,989,000 $100,000 to $119,999
3,241,000 $120,000 to $149,999
2,579,000 $150,000 to $199,999
949,000 $200,000 to $249,999
440,000 $250,000 to $299,999
609,000 $300,000 or more
... Not reported
$64,762 Median
Current Total Loan as Percent of Value
5,566,000 Less than 20 percent
5,615,000 20 to 39
8,080,000 40 to 59
10,478,000 60 to 79
4,102,000 80 to 89
2,940,000 90 to 99
2,103,000 100 percent or more
... Not reported
60.3 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: 1999
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
