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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - United States
Table 5-13. Home Equity Lines of Credit, Rental and Vacant 2- to 4-Housing-Unit Mortgaged Properties
^Number of properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base for derived figures (percent, median, etc.) and meaning of symbols, see text^^

Properties with-
All properties
with home
equity lines of
credit
outstanding		 Home equity
line of credit
as only
mortgage		 Home equity
line of credit
as junior
mortgage

2- to 4-housing-unit properties
with a home equity line of credit		 12 2 10

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)		 0 0 0
1997 and 1998 5 0 5
1995 and 1996 4 2 2
1990 to 1994 0 0 0
1985 to 1989 0 0 0
1980 to 1984 0 0 0
1975 to 1979 0 0 0
1970 to 1974 3 0 3
1969 or earlier 0 0 0

Year Structure Built

1999 to March 2000		 0 0 0
1997 and 1998 0 0 0
1995 and 1996 2 0 2
1990 to 1994 0 0 0
1980 to 1989 2 2 0
1970 to 1979 3 0 3
1960 to 1969 3 0 3
1950 to 1959 0 0 0
1940 to 1949 0 0 0
1939 or earlier 2 0 2

Value Per Housing Unit@8

Less than $20,000		 0 0 0
$20,000 to $39,999 2 0 2
$40,000 to $59,999 0 0 0
$60,000 to $79,999 5 2 3
$80,000 to $99,999 3 0 3
$100,000 to $124,999 0 0 0
$125,000 to $149,999 2 0 2
$150,000 to $174,999 0 0 0
$175,000 to $199,999 0 0 0
$200,000 to $249,999 0 0 0
$250,000 to $299,999 0 0 0
$300,000 to $499,999 0 0 0
$500,000 or more 0 0 0
Median 77028 70000 82429
Mean 75412 66667 77368

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)		 10 2 8
Limited partnership 0 0 0
Joint venture 0 0 0
General partnership 0 0 0
Life insurance company 0 0 0
Depository institution 0 0 0
Public real estate investment trust 0 0 0
Private real estate investment trust 0 0 0
Corporation - other than real estate
investment trust		 2 0 2
Housing cooperative organization 0 0 0
Non-profit or church-related institution 0 0 0
Pension fund 0 0 0
Fraternal organization 0 0 0
Other 0 0 0

MORTGAGE CHARACTERISTICS


Purpose of Home Equity Line of Credit

Provide funds for additions, improvements
or repairs to this property		 3 0 3
Provide funds for consolidation of debt 0 0 0
Provide funds for investment in other
real estate		 4 2 2
Provide funds for other types of
investments		 0 0 0
Provide funds for educational or medical
expenses		 0 0 0
Provide funds to start a business 0 0 0
Provide funds to settle a divorce 0 0 0
Provide funds to pay taxes 0 0 0
Provide funds to purchase an automobile,
truck, or other vehicle		 0 0 0
Provide funds to purchase another type
of consumer product		 0 0 0
Other 0 0 0
Not reported 5 0 5

Outstanding Debt on Home Equity Line
of Credit

Properties with unpaid balance
on home equity line of credit		 12 2 10
Less than $5,000 0 0 0
$5,000 to $9,999 0 0 0
$10,000 to $14,999 2 2 0
$15,000 to $19,999 0 0 0
$20,000 to $29,999 5 0 5
$30,000 to $39,999 3 0 3
$40,000 to $49,999 0 0 0
$50,000 to $59,999 0 0 0
$60,000 to $79,999 0 0 0
$80,000 to $99,999 2 0 2
$100,000 or more 0 0 0
Not reported 0 0 0
Median 27213 12500 29291
Mean 36159 14821 40932
Properties with no unpaid
balance		 0 0 0

Current Interest Rate on Home
Equity Line

Less than 4.0 percent		 0 0 0
4.0 percent 0 0 0
4.1 to 4.4 percent 0 0 0
4.5 to 4.9 percent 2 2 0
5.0 percent 0 0 0
5.1 to 5.4 percent 0 0 0
5.5 to 5.9 percent 0 0 0
6.0 percent 7 0 7
6.1 to 6.4 percent 0 0 0
6.5 to 6.9 percent 0 0 0
7.0 percent 0 0 0
7.1 to 7.4 percent 0 0 0
7.5 to 7.9 percent 3 0 3
8.0 percent 0 0 0
8.1 to 9.9 percent 0 0 0
10 percent or more 0 0 0
Median 11.8 2.2 9.7

Points Paid as Interest on
Home Equity Line

No points		 12 2 10
Less than 1 point 0 0 0
1 point 0 0 0
1.1 to 1.9 points 0 0 0
2 points 0 0 0
2.1 to 2.9 points 0 0 0
3 points 0 0 0
3.1 to 3.9 points 0 0 0
4 points 0 0 0
4.1 to 4.9 points 0 0 0
5 points 0 0 0
5.1 to 5.9 points 0 0 0
6 points or more 0 0 0
Not reported or don't know 0 0 0

Caps on Interest Rate Change Per
Adjustment Period for Home Equity Line

Properties with adjustable rate
home equity line		 12 2 10
Less than 1 percent 2 0 2
1 percent 0 0 0
1.1 to 1.9 percent 0 0 0
2 percent 0 0 0
2.1 to 2.9 percent 0 0 0
3 percent 0 0 0
3.1 to 3.9 percent 0 0 0
4 percent or more 0 0 0
No caps 10 2 8
Not reported 0 0 0
Other properties 0 0 0

Caps on Interest Rate Change Over
Life of Home Equity Line

Properties with adjustable rate
home equity line		 12 2 10
Less than 1 percent 2 0 2
1 percent 0 0 0
1.1 to 1.9 percent 0 0 0
2 percent 0 0 0
2.1 to 2.9 percent 0 0 0
3 percent 0 0 0
3.1 to 3.9 percent 0 0 0
4 percent or more 3 0 3
No caps 7 2 4
Not reported 0 0 0
Other properties 0 0 0

Holder of Home Equity Line of Credit

Commercial bank or trust company		 6 2 4
Savings and loan association, federal
savings bank		 0 0 0
Mutual savings bank 0 0 0
Credit union 6 0 6
Finance company 0 0 0
Other 0 0 0

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal Payments on
Home Equity Line of Credit

Regular monthly payments of
interest and/o 		12 2 10
Less than $100 2 2 0
$100 to $199 0 0 0
$200 to $299 0 0 0
$300 to $399 0 0 0
$400 to $499 0 0 0
$500 to $599 0 0 0
$600 to $699 0 0 0
$700 to $799 0 0 0
$800 to $899 0 0 0
$900 to $999 0 0 0
$1,000 to $1,249 0 0 0
$1,250 to $1,499 0 0 0
$1,500 or more 0 0 0
Not reported 10 0 10
Median 51 51 0
Mean 19 39 0
No regular monthly payments
required		 0 0 0
Not reported 0 0 0
@8May not add to total because not reported and not calculated are not included.


Go to Residential Finance Survey: 2001 Detailed Regional Tables
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: December 07, 2005