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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - West
Table 3-2e. Type of First Mortgage, 2- to 4-Unit Homeowner Mortgaged Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, non-sampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text^^

		Fixed rate mortgage
	Total mortgaged properties	Amortized	Short term with balloon payment	Adjustable rate mortgage (ARM)	Other mortgage
2- to 4-housing-unit properties with traditional first mortgage	134	106	1	26	2
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase	130	102	1	26	2
Placed one new mortgage	111	90	1	18	2
Placed two or more new mortgages	5	2	0	3	0
Assumed mortgage(s) already on property	5	2	0	2	0
Assumed mortgage(s) already on property and placed new mortgage	3	3	0	0	0
Borrowed using assets other than this property as collateral	2	2	0	0	0
Paid all cash-no borrowing	5	3	0	2	0
Other manner	0	0	0	0	0
By inheritance or gift	2	2	0	0	0
By divorce	2	2	0	0	0
By some other manner	0	0	0	0	0
Not reported	0	0	0	0	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	69	55	0	14	0
Sale of previous home	14	10	0	4	0
Sale of other real property or other investments	7	7	0	0	0
Savings	39	29	0	10	0
Borrowing from a retirement plan	5	5	0	0	0
Borrowing using assets other than this property as collateral	0	0	0	0	0
Proceeds from an insurance policy	0	0	0	0	0
Payments in a lease-purchase agreement	0	0	0	0	0
From a state or local government source	0	0	0	0	0
From a non-profit organization	0	0	0	0	0
From parents or relatives	12	12	0	0	0
Other	0	0	0	0	0
No downpayment required	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	65	51	1	11	2
Not reported	0	0	0	0	0
Year Property Acquired 1999 to 2001 (part)	42	36	0	6	0
1997 and 1998	16	11	0	5	0
1995 and 1996	14	11	0	3	0
1990 to 1994	23	20	1	2	0
1985 to 1989	11	9	0	2	0
1980 to 1984	9	7	0	2	0
1975 to 1979	7	5	0	2	0
1970 to 1974	4	2	0	0	2
1969 or earlier	8	5	0	3	0
Property New or Previously Occupied When Acquired Acquired by purchase	130	102	1	26	2
New	13	9	0	4	0
Previously occupied by someone else	117	93	1	22	2
Converted from non-residential use	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	4	4	0	0	0
Not reported	0	0	0	0	0
Year Structure Built 1999 to March 2000	4	4	0	0	0
1997 and 1998	2	2	0	0	0
1995 and 1996	1	1	0	0	0
1990 to 1994	6	6	0	0	0
1980 to 1989	28	21	1	6	0
1970 to 1979	10	10	0	0	0
1960 to 1969	5	5	0	0	0
1950 to 1959	23	16	0	5	2
1940 to 1949	9	7	0	3	0
1939 or earlier	46	35	0	11	0
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	55	43	0	11	0
Less than $20,000	0	0	0	0	0
$20,000 to $39,999	7	7	0	0	0
$40,000 to $59,999	6	6	0	0	0
$60,000 to $79,999	11	8	0	2	0
$80,000 to $99,999	2	2	0	0	0
$100,000 to $124,999	6	6	0	0	0
$125,000 to $149,999	4	4	0	0	0
$150,000 to $174,999	5	2	0	3	0
$175,000 to $199,999	1	1	0	0	0
$200,000 to $249,999	3	2	0	2	0
$250,000 to $299,999	4	4	0	0	0
$300,000 to $499,999	4	2	0	2	0
$500,000 or more	2	0	0	2	0
Median	107713	79966	20000-	205971	20000-
Mean	151898	121155	0	268486	0
Other properties	79	62	1	14	2
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	0	0	0	0	0
$60,000 to $79,999	10	10	0	0	0
$80,000 to $99,999	9	6	0	3	0
$100,000 to $124,999	9	8	1	0	0
$125,000 to $149,999	4	4	0	0	0
$150,000 to $174,999	7	7	0	0	0
$175,000 to $199,999	12	6	0	5	2
$200,000 to $249,999	21	14	0	7	0
$250,000 to $299,999	2	2	0	0	0
$300,000 to $499,999	29	26	0	3	0
$500,000 or more	30	22	0	9	0
Median	236527	238737	112500	241891	187500
Mean	360515	353570	120000	409486	175000
Value Per Housing Unit@8 Less than $20,000	0	0	0	0	0
$20,000 to $39,999	11	10	1	0	0
$40,000 to $59,999	17	14	0	3	0
$60,000 to $79,999	11	11	0	0	0
$80,000 to $99,999	17	10	0	5	2
$100,000 to $124,999	21	14	0	7	0
$125,000 to $149,999	5	4	0	1	0
$150,000 to $174,999	9	9	0	0	0
$175,000 to $199,999	12	9	0	3	0
$200,000 to $249,999	6	6	0	0	0
$250,000 to $299,999	1	1	0	0	0
$300,000 to $499,999	16	10	0	6	0
$500,000 or more	10	8	0	2	0
Median	114421	113742	30000	120945	90000
Mean	164888	158526	30000	200293	87500
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	84	65	0	19	0
Less than $500	0	0	0	0	0
$500 to $999	2	1	0	1	0
$1,000 to $2,499	16	9	0	6	0
$2,500 to $4,999	14	11	0	3	0
$5,000 to $7,499	16	12	0	4	0
$7,500 to $9,999	2	1	0	1	0
$10,000 to $14,999	8	6	0	2	0
$15,000 to $19,999	4	4	0	0	0
$20,000 to $29,999	6	6	0	0	0
$30,000 or more	16	14	0	2	0
Median	6637	7232	500-	4865	500-
Mean	17030	19990	0	6917	0
Properties with no capital improvements between 1998 and 2000	44	34	1	7	2
Capital improvements not reported	6	6	0	0	0
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	84	65	0	19	0
Less than $500	3	1	0	1	0
$500 to $999	6	6	0	0	0
$1,000 to $2,499	26	17	0	8	0
$2,500 to $4,999	18	13	0	5	0
$5,000 to $7,499	7	4	0	2	0
$7,500 to $9,999	4	4	0	0	0
$10,000 to $14,999	5	5	0	0	0
$15,000 to $19,999	4	2	0	2	0
$20,000 to $29,999	4	4	0	0	0
$30,000 or more	7	7	0	0	0
Median	3555	3999	500-	2473	500-
Mean	7599	8817	0	3440	0
Properties with no capital improvements between 1998 and 2000	44	34	1	7	2
Capital improvements not reported	6	6	0	0	0
Age Restrictions Property located in subdivision restricted to people age 55 or older	6	6	0	0	0
Property located in subdivision not restricted to people age 55 or older	126	97	1	26	2
Not reported	3	3	0	0	0
Neighborhood Composition Property located in subdivision or neighborhood occupied predominantly by people age 55 or older	8	5	0	3	0
Property located in subdivision or neighborhood not occupied predominantly by people age 55 or older	89	70	1	16	2
Don't know or not reported	37	30	0	7	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	2	2	0	0	0
Other government grant or subsidy	0	0	0	0	0
Property tax relief	2	2	0	0	0
Subsidy from a non-profit corporation	0	0	0	0	0
None of the above benefits	109	85	1	22	2
Not reported	21	17	0	4	0
Source of Property Benefits@1 With property benefits	4	4	0	0	0
Federal government	0	0	0	0	0
State government	2	2	0	0	0
Local government	2	2	0	0	0
Non-profit corporation	0	0	0	0	0
Not reported	0	0	0	0	0
With no property benefits	109	85	1	22	2
Not reported	21	17	0	4	0
Reason for Benefits@1 With property benefits	4	4	0	0	0
Occupied by low- or moderate-income individuals	0	0	0	0	0
Occupied by elderly or disabled individuals	2	2	0	0	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	2	2	0	0	0
With no property benefits	109	85	1	22	2
Not reported	21	17	0	4	0
OWNER CHARACTERISTICS Owner Status 1 owner	51	41	0	8	2
2 owners	69	52	1	17	0
3 or more owners	13	12	0	1	0
Age of Owner Under 25	0	0	0	0	0
25 to 34	11	11	0	0	0
35 to 44	31	25	0	6	0
45 to 54	36	26	0	10	0
55 to 64	28	23	0	3	2
65 to 74	18	12	1	5	0
75 and over	6	6	0	0	0
Not reported	5	2	0	3	0
Median	51	51	70	50	60
Race of Owner White alone	112	89	1	21	2
Black or African American alone	5	3	0	2	0
American Indian or Alaska Native alone	0	0	0	0	0
Asian alone	11	9	0	2	0
Native Hawaiian or Other Pacific Islander alone	5	5	0	0	0
Two or more races	0	0	0	0	0
Sex of Owner Male/Male and female co-owners	112	89	1	23	0
Female	22	17	0	3	2
Hispanic/Latino Origin Hispanic/Latino owner(s) only	34	29	0	4	2
No Hispanic/Latino owner(s)	99	77	1	22	0
Veteran Status@1 Veteran	40	35	1	5	0
Active member of Reserves or National Guard for at least 6 years	4	4	0	0	0
Persian Gulf War or after (August 1990 to present)	5	2	0	2	0
Vietnam or after (August 1964 to July 1990)	21	16	1	5	0
Korean conflict or after (July 1950 to July 1964)	9	9	0	0	0
World War II or after (September 1940 to June 1950)	4	4	0	0	0
Nonveteran	86	68	0	16	2
Not reported	7	2	0	5	0
Income Less than $5,000	9	7	0	2	0
$5,000 to $9,999	0	0	0	0	0
$10,000 to $14,999	3	3	0	0	0
$15,000 to $19,999	7	7	1	0	0
$20,000 to $24,999	10	7	0	1	2
$25,000 to $29,999	3	3	0	0	0
$30,000 to $34,999	5	0	0	5	0
$35,000 to $39,999	8	5	0	2	0
$40,000 to $49,999	9	7	0	2	0
$50,000 to $59,999	17	14	0	4	0
$60,000 to $79,999	24	23	0	1	0
$80,000 to $99,999	12	10	0	2	0
$100,000 to $119,999	8	5	0	3	0
$120,000 or more	18	15	0	3	0
Median	57146	59560	17500	51796	22500
Mean	74379	74517	15076	79182	24340
Owned Home Previously Previously owned home	82	63	0	19	0
Never owned home before	49	42	1	4	2
Not reported	3	1	0	3	0
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	0	0	0	0	0
By telephone or FAX	19	15	0	5	0
By regular mail	3	0	0	3	0
By personal visit	66	58	0	7	2
Through third party (such as real estate agent or builder)	27	23	1	4	0
Some other way	0	0	0	0	0
Not reported	15	10	0	5	0
Not available	3	1	0	2	0
Origin of First Mortgage Mortgage made at time property acquired	85	69	1	15	0
Mortgage assumed at the time property acquired	5	2	0	2	0
Mortgage placed later than acquisition of property	44	34	0	8	2
Refinanced mortgage	44	34	0	8	2
Same lender	5	5	0	1	0
Different lender	39	29	0	7	2
Mortgage placed on property owned free and clear of debt	0	0	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	44	34	0	8	2
Obtain lower interest rate	24	17	0	5	2
Increase payment period for mortgage	0	0	0	0	0
Reduce payment period for mortgage	1	1	0	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	0	0	0	0	0
Receive cash or increase outstanding balance of loan	19	16	0	3	0
Other reason	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	89	71	1	18	0
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	19	14	0	5	0
Less than $20,000	2	1	0	1	0
$20,000 to $39,999	9	7	0	2	0
$40,000 to $59,999	3	3	0	0	0
$60,000 to $79,999	2	0	0	2	0
$80,000 to $99,999	0	0	0	0	0
$100,000 to $124,999	4	4	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	36590	37640	20000-	32369	20000-
Mean	46765	48947	0	40742	0
Properties that refinanced and did not receive cash back	19	16	0	3	0
Properties that refinanced and did not report if received cash back	6	4	0	0	2
Properties that did not refinance	89	71	1	18	0
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	19	14	0	5	0
For additions, improvements or repairs to this property	7	5	0	2	0
To consolidate debts	10	9	0	1	0
For investment in other real estate	7	4	0	4	0
For other types of investments	0	0	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	1	0	0	1	0
To pay taxes	0	0	0	0	0
To purchase an automobile, truck, or other vehicle	0	0	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	19	16	0	3	0
Properties that refinanced and did not report if received cash back	6	4	0	0	2
Properties that did not refinance	89	71	1	18	0
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	59	50	0	9	0
1997 and 1998	21	18	0	3	0
1995 and 1996	15	13	0	3	0
1990 to 1994	34	23	1	9	2
1985 to 1989	0	0	0	0	0
1980 to 1984	2	0	0	2	0
1979 or earlier	1	1	0	0	0
First Mortgage Insurance Status FHA-insured first mortgage	12	12	0	0	0
VA-guaranteed first mortgage	7	7	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	2	0	0	2	0
Other federal, state, or local government-insured or guaranteed first mortgage	1	1	0	0	0
Insured conventional first mortgage	23	19	0	3	0
Uninsured conventional first mortgage	89	66	1	20	2
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $20,000	0	0	0	0	0
$20,000 to $29,999	0	0	0	0	0
$30,000 to $39,999	8	8	0	1	0
$40,000 to $49,999	1	1	0	0	0
$50,000 to $59,999	12	9	0	3	0
$60,000 to $79,999	15	9	1	5	0
$80,000 to $99,999	15	13	0	2	0
$100,000 to $149,999	18	15	0	1	2
$150,000 to $199,999	17	13	0	4	0
$200,000 to $249,999	10	8	0	2	0
$250,000 to $299,999	8	5	0	3	0
$300,000 or more	27	21	0	6	0
Not reported	3	3	0	0	0
Median	141770	138914	70000	173258	125000
Mean	195380	183332	73400	253227	113000
Total Mortgage Loan Less than $20,000	0	0	0	0	0
$20,000 to $29,999	0	0	0	0	0
$30,000 to $39,999	8	8	0	1	0
$40,000 to $49,999	1	1	0	0	0
$50,000 to $59,999	12	9	0	3	0
$60,000 to $79,999	15	9	1	5	0
$80,000 to $99,999	15	13	0	2	0
$100,000 to $149,999	16	13	0	1	2
$150,000 to $199,999	16	12	0	4	0
$200,000 to $249,999	12	10	0	2	0
$250,000 to $299,999	8	5	0	3	0
$300,000 or more	29	23	0	6	0
Not reported	3	3	0	0	0
Median	146771	144604	70000	173258	125000
Mean	202176	188100	73400	268899	113000
Traditional First Mortgage Outstanding Debt Less than $10,000	2	2	0	0	0
$10,000 to $19,999	0	0	0	0	0
$20,000 to $29,999	8	8	0	1	0
$30,000 to $39,999	0	0	0	0	0
$40,000 to $49,999	5	5	0	0	0
$50,000 to $59,999	10	7	0	3	0
$60,000 to $79,999	21	13	1	7	0
$80,000 to $99,999	12	10	0	1	2
$100,000 to $149,999	23	19	0	4	0
$150,000 to $199,999	8	8	0	0	0
$200,000 to $249,999	8	6	0	2	0
$250,000 to $299,999	9	6	0	3	0
$300,000 or more	24	18	0	6	0
Not reported	3	3	0	0	0
Median	115368	117291	70000	123258	90000
Mean	181684	168658	64665	243317	99915
Total Mortgage Outstanding Debt Less than $10,000	2	2	0	0	0
$10,000 to $19,999	0	0	0	0	0
$20,000 to $29,999	8	8	0	1	0
$30,000 to $39,999	0	0	0	0	0
$40,000 to $49,999	5	5	0	0	0
$50,000 to $59,999	10	7	0	3	0
$60,000 to $79,999	21	13	1	7	0
$80,000 to $99,999	11	8	0	1	2
$100,000 to $149,999	21	17	0	4	0
$150,000 to $199,999	9	9	0	0	0
$200,000 to $249,999	10	8	0	2	0
$250,000 to $299,999	8	5	0	3	0
$300,000 or more	26	20	0	6	0
Not reported	3	3	0	0	0
Median	119490	122502	70000	123258	90000
Mean	183535	167932	64665	257281	99915
Current Interest Rate on First Mortgage Less than 6.0 percent	40	26	1	11	2
6.0 percent	1	1	0	0	0
6.1 to 6.4 percent	2	2	0	0	0
6.5 to 6.9 percent	5	3	0	2	0
7.0 percent	7	3	0	4	0
7.1 to 7.4 percent	15	15	0	0	0
7.5 to 7.9 percent	15	11	0	3	0
8.0 percent	0	0	0	0	0
8.1 to 8.4 percent	0	0	0	0	0
8.5 to 8.9 percent	9	9	0	0	0
9.0 percent	1	1	0	0	0
9.1 to 9.4 percent	2	2	0	0	0
9.5 to 9.9 percent	4	4	0	0	0
10.0 percent	0	0	0	0	0
10.1 to 10.4 percent	0	0	0	0	0
10.5 to 10.9 percent	0	0	0	0	0
11.0 percent	0	0	0	0	0
11.1 to 12.9 percent	4	4	0	0	0
13.0 percent	0	0	0	0	0
13.1 percent or more	29	24	0	5	0
Not reported	0	0	0	0	0
Median	7.4	7.6	3.0	7.0	3.0
Type of Interest Rate Buydown Properties with interest rate buydown	3	3	0	0	0
Constant payment	1	1	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	0	0	0	0	0
Not reported	2	2	0	0	0
Properties without interest rate buydown	48	42	0	6	0
Not reported	82	60	1	19	2
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	3	3	0	0	0
11 to 14 years	0	0	0	0	0
15 years	8	8	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	51	45	0	6	0
More than 30 years	0	0	0	0	0
No stated term	72	50	1	19	2
Median	30	30	5-	30	5-
Unexpired Term of First Mortgage Less than 5 years	0	0	0	0	0
5 to 9 years	5	5	0	0	0
10 to 14 years	6	6	0	0	0
15 to 19 years	0	0	0	0	0
20 to 24 years	15	13	0	3	0
25 to 29 years	30	26	0	3	0
30 or more years	6	6	0	0	0
No stated term or not computed	72	50	1	19	2
Median	25	25	5-	25	5-
Holder of First Mortgage Commercial bank or trust company	20	15	0	5	0
Savings and loan association, federal savings bank	21	8	0	13	0
Mutual savings bank	1	1	0	0	0
Life insurance company	3	1	1	0	2
Mortgage banker or mortgage company	13	13	0	0	0
Federally-sponsored secondary market agency or pool	51	45	0	6	0
Conventional mortgage pool	7	7	0	0	0
Other federal agency	3	3	0	0	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	4	1	0	2	0
State or municipal government or housing finance agency	5	5	0	0	0
Individual or individual's estate	6	6	0	0	0
Other	0	0	0	0	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	86	68	1	18	0
Less than 40 percent	2	2	0	0	0
40 to 49 percent	0	0	0	0	0
50 to 59 percent	4	1	0	2	0
60 to 69 percent	8	6	0	3	0
70 to 79 percent	18	10	0	8	0
80 to 89 percent	14	14	0	0	0
90 to 94 percent	9	6	0	2	0
95 to 99 percent	3	3	0	0	0
100 percent or more	28	26	1	2	0
Not reported	0	0	0	0	0
Median	88	90	100+	74	40-
Other properties	48	38	0	8	2
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	86	68	1	18	0
Less than 40 percent	2	2	0	0	0
40 to 49 percent	2	2	0	0	0
50 to 59 percent	7	4	0	3	0
60 to 69 percent	20	15	0	5	0
70 to 79 percent	13	6	0	7	0
80 to 89 percent	17	17	0	0	0
90 to 94 percent	4	4	0	0	0
95 to 99 percent	3	3	0	0	0
100 percent or more	17	15	1	2	0
Not reported	0	0	0	0	0
Median	79	83	100+	70	40-
Other properties	48	38	0	8	2
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	12	12	0	0	0
Not subprime loan	122	94	1	26	2
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	28	0	0	26	2
Treasury security	2	0	0	2	0
Average cost of funds in bank district	5	0	0	5	0
National average cost of funds	0	0	0	0	0
OTS contract mortgage rate	0	0	0	0	0
Other method	0	0	0	0	0
No index used	0	0	0	0	0
Not reported	22	0	0	19	2
Other properties	106	106	1	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	28	0	0	26	2
Monthly	5	0	0	5	0
Every 3 months	0	0	0	0	0
Every 6 months	0	0	0	0	0
Yearly	2	0	0	2	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	22	0	0	19	2
Other properties	106	106	1	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	28	0	0	26	2
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	2	0	0	2	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	0	0	0	0	0
No caps	3	0	0	3	0
Not reported	24	0	0	21	2
Other properties	106	106	1	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	28	0	0	26	2
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	5	0	0	5	0
No caps	1	0	0	1	0
Not reported	22	0	0	19	2
Other properties	106	106	1	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	28	0	0	26	2
Yes, rate has changed	5	0	0	5	0
No change since mortgage made	2	0	0	2	0
Not reported	22	0	0	19	2
Other properties	106	106	1	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	28	0	0	26	2
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	2	0	0	2	0
2.1 to 2.9 percent	2	0	0	2	0
3 percent	0	0	0	0	0
3.1 to 3.9 percent	2	0	0	2	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	22	0	0	19	2
Median	2.6	0.0	0.0	2.6	0.0
Other properties	106	106	1	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	28	0	0	26	2
Can be converted	1	0	0	1	0
Cannot be converted	5	0	0	5	0
Not reported	22	0	0	19	2
Other properties	106	106	1	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	2	0	0	2	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	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	110	106	1	4	0
Not reported	22	0	0	19	2
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	2	0	0	2	0
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	2	0	0	2	0
No negative amortization allowed	0	0	0	0	0
Not reported	0	0	0	0	0
Monthly payments cannot change	110	106	1	4	0
Not reported	22	0	0	19	2
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	127	102	1	23	2
Interest and principal	125	102	1	21	2
Fully amortized	109	89	0	18	2
Not fully amortized	16	13	1	3	0
Interest only	2	0	0	2	0
No regular payments required	0	0	0	0	0
Not reported	7	4	0	3	0
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	125	102	1	21	2
Real estate taxes	26	26	0	0	0
Property insurance	24	24	0	0	0
Mortgage insurance	8	8	0	0	0
Other	8	8	0	0	0
No items included or not reported	99	75	1	21	2
No regular payments of interest and principal	9	4	0	5	0
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal	127	102	1	23	2
Less than $100	0	0	0	0	0
$100 to $199	0	0	0	0	0
$200 to $299	3	2	0	1	0
$300 to $399	7	7	0	0	0
$400 to $499	5	3	0	2	0
$500 to $599	12	9	0	2	0
$600 to $699	16	14	0	2	0
$700 to $799	1	0	1	0	0
$800 to $899	3	2	0	1	0
$900 to $999	7	7	0	0	0
$1,000 to $1,249	14	11	0	1	2
$1,250 to $1,499	11	8	0	3	0
$1,500 or more	49	38	0	11	0
Median	1177	1138	750	1444	1125
Mean	2512	2668	716	1989	1122
No regular payments required	0	0	0	0	0
Not reported	7	4	0	3	0
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	134	106	1	26	2
Up-to-date, ahead of schedule, or less than 90 days past due	55	49	0	6	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	79	56	1	19	2
Other properties	0	0	0	0	0
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal	129	103	1	23	2
Less than $100	0	0	0	0	0
$100 to $199	0	0	0	0	0
$200 to $299	3	2	0	1	0
$300 to $399	9	9	0	0	0
$400 to $499	5	3	0	2	0
$500 to $599	12	9	0	2	0
$600 to $699	16	14	0	2	0
$700 to $799	1	0	1	0	0
$800 to $899	3	2	0	1	0
$900 to $999	5	5	0	0	0
$1,000 to $1,249	14	11	0	1	2
$1,250 to $1,499	12	9	0	3	0
$1,500 or more	50	39	0	11	0
Median	1198	1165	750	1444	1125
Mean	2528	2660	716	2109	1122
No regular monthly payments required	5	3	0	3	0
Interest and Principal Payments on Total Mortgages as Percent of Income Regular monthly payments of interest and/or principal	129	103	1	23	2
Less than 5 percent	2	2	0	0	0
5 to 9 percent	7	7	0	0	0
10 to 14 percent	7	7	0	1	0
15 to 19 percent	16	13	0	3	0
20 to 24 percent	21	15	0	6	0
25 to 29 percent	13	10	0	3	0
30 to 34 percent	13	13	0	0	0
35 to 39 percent	13	13	0	0	0
40 to 49 percent	9	7	0	3	0
50 percent or more	18	11	1	4	2
Not reported or not computed	7	5	0	2	0
Median	27.4	27.4	49.5+	25.4	49.5+
No regular monthly payments required	5	3	0	3	0

@1Detail does not add to total because more than one answer accepted.
@8May not add to total because not reported and not calculated are not included.
@8May not add to total because not reported and not calculated are not included.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.

Go to Residential Finance Survey: 2001 Detailed Regional Tables

Contact the Demographic Call Center Staff at 301-763-2422 or 1-866-758-1060 (toll free) or visit ask.census.gov for further information on Residential Finance Survey.

Source: U.S. Census Bureau, Housing and Household Economic Statistics Division

Last Revised: August 08, 2008

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