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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 7-15
Owner
Occupied
housing units
Mortgages Currently on Property
13,105,000 None, owned free and clear
368,000 Regular and home equity mortgages10
2,349,000 Regular mortgage only
644,000 Home equity mortgage only
425,000 With regular mortgage, home equity not
reported
305,000 No regular mortgage, home equity not
reported
Number of Regular and Home Equity Mortgages1
2,935,000 1 mortgage
379,000 2 mortgages
20,000 3 mortgages or more
756,000 Number not reported
Type of Home Equity Mortgage
1,013,000 Units with 1 or more home equity
mortgages
353,000 Lump sum only
621,000 Credit line only
401,000 With outstanding balance
7,000 Both
32,000 Type not reported
Owners With One or More Regular Mortgages
3,142,000 Total
Type of Primary Mortgage
277,000 FHA
136,000 VA
44,000 Farmers Home Administration
2,116,000 Other types
13,000 Don't know
556,000 Not reported
Lower Cost State and Local Mortgages
223,000 State or local program used
2,383,000 Not used
536,000 Not reported
Mortgage Origination
3,084,000 Placed new mortgage(s)
1,990,000 Primary obtained when property acquired
1,195,000 Obtained later
53,000 Assumed
5,000 Wrap-around
- Combination of the above
Payment Plan of Primary Mortgage
2,147,000 Fixed payment, self amortizing
174,000 Adjustable rate mortgage
42,000 Adjustable term mortgage
21,000 Graduated payment mortgage
33,000 Balloon
- Other
20,000 Combination of the above
705,000 Not reported
Payment Plan of Secondary Mortgage
63,000 Units with two or more mortgages
44,000 Fixed payment, self amortizing
2,000 Adjustable rate mortgage
11,000 Adjustable term mortgage
- Graduated payment mortgage
1,000 Balloon
- Other
- Combination of the above
4,000 Not reported
Lenders of Primary and Secondary Mortgages
2,505,000 Only borrowed from firm(s)
20,000 Only borrowed from seller
35,000 Only borrowed from other individual(s)
- Borrowed from a firm and seller
- Borrowed from a firm and other individual
- Borrowed from seller and other individual
581,000 One or both sources not reported
Items Included in Primary Mortgage Payment2
1,282,000 Principal and interest only
1,191,000 Property taxes
1,004,000 Property insurance
38,000 Other
586,000 Not reported
Year Primary Mortgage Originated
- 2000 to 2004
1,170,000 1995 to 1999
570,000 1990 to 1994
372,000 1985 to 1989
211,000 1980 to 1984
298,000 1975 to 1979
234,000 1970 to 1974
274,000 1960 to 1969
13,000 1950 to 1959
- 1949 or earlier
1991 Median
Term of Primary Mortgage at Origination or
Assumption
115,000 Less than 8 years
116,000 8 to 12 years
585,000 13 to 17 years
278,000 18 to 22 years
141,000 23 to 27 years
1,561,000 28 to 32 years
275,000 33 years or more
72,000 Variable
29 Median
Remaining Years Mortgaged
1,089,000 Less than 8 years
500,000 8 to 12
427,000 13 to 17
290,000 18 to 22
383,000 23 to 27
370,000 28 to 32
4,000 33 years or more
79,000 Variable
12 Median
Current Interest Rate
89,000 Less than 6 percent
1,764,000 6 to 7.9
999,000 8 to 9.9
187,000 10 to 11.9
62,000 12 to 13.9
31,000 14 to 15.9
2,000 16 to 17.9
8,000 18 to 19.9
1,000 20 percent or more
... Not reported
7.7 Median
Total Outstanding Principal Amount
784,000 Less than $10,000
387,000 $10,000 to $19,999
281,000 $20,000 to $29,999
327,000 $30,000 to $39,999
283,000 $40,000 to $49,999
175,000 $50,000 to $59,999
158,000 $60,000 to $69,999
172,000 $70,000 to $79,999
193,000 $80,000 to $99,999
109,000 $100,000 to $119,999
122,000 $120,000 to $149,999
83,000 $150,000 to $199,999
29,000 $200,000 to $249,999
12,000 $250,000 to $299,999
27,000 $300,000 or more
... Not reported
$33,635 Median
Current Total Loan as Percent of Value
1,060,000 Less than 20 percent
708,000 20 to 39
611,000 40 to 59
490,000 60 to 79
80,000 80 to 89
87,000 90 to 99
106,000 100 percent or more
... Not reported
34 Median
... Means not applicable or sample too small.
- Means zero or rounds to zero.
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
