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Residential Finance Survey

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Residential Finance Survey: 2001 - United States
Table 2-12. Total Outstanding Debt as Percent of Value, 1-Unit Homeowner 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^^

Total outstanding debt as percent
of value
Total Less than
20 percent
20 to 29
percent
30 to 39
percent
40 to 49
percent
50 to 59
percent
60 to 69
percent
70 to 79
percent
80 to 89
percent
90 to 99
percent
100
percent
or more
Not
reported
Median

1-housing-unit properties with a
traditional first mortgage
36410 2684 2170 2808 3568 4916 5204 5549 4023 3188 1764 537 63

PROPERTY CHARACTERISTICS


Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
18579 509 546 902 1181 2336 2838 3655 2920 2554 951 188 72
Sale of previous home 5879 236 324 445 533 835 1031 1183 712 354 163 62 65
Sale of other real property or other
investments
908 24 36 75 41 165 157 153 151 77 27 3 67
Savings 9636 226 227 373 554 1157 1468 2000 1685 1423 464 60 74
Borrowing from a retirement plan 810 7 24 27 55 77 132 124 170 125 61 9 76
Borrowing using assets other than this
property as collateral
423 8 8 26 19 49 49 72 93 55 45 0 77
Proceeds from an insurance policy 120 0 12 8 5 10 20 3 29 33 0 0 81
Payments in a lease-purchase agreement 143 0 8 19 3 18 14 25 18 33 5 0 74
From a state or local government source 263 4 0 6 11 28 13 25 63 94 19 0 87
From a non-profit organization 34 0 0 0 6 9 7 7 3 0 4 0 64
From parents or relatives 1846 37 27 61 100 230 283 379 335 279 100 16 75
Other 88 0 6 5 12 7 7 18 3 24 0 5 72
No downpayment required 1354 41 5 28 64 102 137 208 210 359 181 19 84
Not reported 392 31 4 12 49 78 65 44 24 51 8 26 61
Other properties 17661 2175 1611 1897 2368 2542 2365 1850 1087 615 806 343 52
Not reported 170 0 13 9 18 37 0 45 16 19 8 5 71

Year Property Acquired

1999 to 2001 (part)
8716 239 244 266 353 894 1109 1656 1630 1710 524 92 77
1997 and 1998 6110 175 168 347 491 820 1003 1263 916 564 303 62 70
1995 and 1996 4212 109 164 338 383 686 777 809 433 318 155 40 65
1990 to 1994 7133 374 425 671 980 1193 1169 1041 554 282 339 105 59
1985 to 1989 4397 413 379 488 696 711 583 446 275 191 171 44 53
1980 to 1984 2247 293 293 334 323 291 282 152 58 38 120 62 45
1975 to 1979 2049 621 323 200 219 190 168 109 86 47 51 34 33
1970 to 1974 909 340 102 81 48 67 61 31 17 21 47 95 27
1969 or earlier 636 120 71 83 75 65 52 42 54 17 54 3 46

Year Structure Built

1999 to March 2000
1911 41 20 88 62 198 284 337 350 334 154 43 77
1997 and 1998 2157 77 74 104 138 251 380 405 351 239 115 23 71
1995 and 1996 1880 48 62 101 140 259 321 370 244 263 49 24 70
1990 to 1994 3660 159 146 259 358 501 657 664 416 295 149 56 66
1980 to 1989 6407 391 388 556 740 1005 921 971 627 447 285 76 61
1970 to 1979 6076 619 467 468 619 812 774 819 604 512 257 126 60
1960 to 1969 3788 391 277 299 450 488 479 561 341 275 194 35 59
1950 to 1959 4389 418 333 375 408 555 568 594 538 357 192 51 61
1940 to 1949 1965 191 139 158 189 268 273 245 209 146 115 32 61
1939 or earlier 4176 351 265 399 463 580 547 584 344 320 255 69 60

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
1987 109 117 162 190 245 267 335 258 188 84 30 66
Property located in subdivision not
restricted to people age 55 or older
32987 2487 2005 2589 3269 4497 4703 5001 3635 2805 1578 418 63
Not reported 1436 88 48 57 108 174 233 213 129 196 102 89 69

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
2589 261 191 204 271 340 314 376 250 233 134 14 61
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
24263 1808 1488 1940 2374 3287 3585 3724 2589 2048 1121 299 63
Don't know or not reported 9558 616 491 664 922 1289 1305 1448 1183 908 509 224 65

OWNER CHARACTERISTICS


Age of Owner

Under 25
328 4 9 12 8 8 43 70 60 80 28 6 81
25 to 34 5182 56 75 125 190 567 755 1225 967 905 298 20 77
35 to 44 10436 272 358 636 1103 1472 1674 1852 1408 976 591 93 68
45 to 54 10399 866 746 1006 1186 1589 1462 1425 934 678 423 84 59
55 to 64 5579 805 569 650 663 681 659 605 341 268 233 106 51
65 to 74 2178 436 292 224 235 291 264 131 92 80 83 50 45
75 and over 668 151 77 78 68 104 44 45 28 20 23 30 42
Not reported 1640 94 46 77 114 204 302 197 192 182 86 147 67
Median 46 56 53 51 49 47 45 42 41 40 44 54 ...

Race of Owner

White alone
31761 2398 1937 2479 3145 4321 4564 4833 3492 2654 1476 461 63
Black or African American alone 2840 170 91 181 236 286 382 452 377 394 207 63 71
American Indian or Alaska Native alone 194 5 4 0 14 32 27 53 18 33 4 3 73
Asian alone 1241 71 114 121 129 226 182 154 93 96 46 10 58
Native Hawaiian or Other Pacific
Islander alone
115 8 9 0 16 5 25 17 16 7 13 0 68
Two or more races 260 33 14 27 27 46 23 40 26 5 18 0 56

Sex of Owner

Male/Male and female co-owners
30105 2237 1799 2302 3044 4098 4335 4634 3323 2500 1478 355 63
Female 6305 447 371 506 523 818 868 915 700 688 286 182 65

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
2927 142 109 200 196 455 508 417 410 317 132 43 67
No Hispanic/Latino owner(s) 33483 2542 2061 2608 3372 4461 4695 5133 3613 2871 1632 494 63

Veteran Status@1

Veteran
7576 883 556 672 721 889 931 1036 727 612 431 117 60
Active member of Reserves or National
Guard for at least 6 years
1327 160 113 121 127 148 167 174 135 103 77 4 60
Persian Gulf War or after
(August 1990 to present)
881 27 11 38 57 70 69 205 136 182 81 4 78
Vietnam or after
(August 1964 to July 1990)
4437 371 292 356 394 531 633 686 442 389 282 61 64
Korean conflict or after
(July 1950 to July 1964)
1503 318 175 169 192 200 150 98 78 41 44 39 44
World War II or after
(September 1940 to June 1950)
555 141 69 66 59 62 57 37 21 8 13 23 38
Nonveteran 26861 1693 1537 2016 2687 3780 3948 4240 3065 2350 1218 327 64
Not reported 1973 109 78 120 159 246 325 273 230 226 115 93 67

MORTGAGE CHARACTERISTICS


Form of Debt of First Mortgage

Mortgage or deed of trust
36410 2684 2170 2808 3568 4916 5204 5549 4023 3188 1764 537 63
Contract to purchase 0 0 0 0 0 0 0 0 0 0 0 0 0
Some other loan secured by this property 0 0 0 0 0 0 0 0 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
13816 490 468 638 924 1600 1925 2637 2165 2047 811 111 73
1997 and 1998 8586 352 323 641 840 1279 1418 1518 1086 606 452 72 66
1995 and 1996 3932 227 246 404 434 657 610 597 339 246 130 41 60
1990 to 1994 6283 640 692 710 849 986 902 625 305 228 255 90 52
1985 to 1989 1921 193 179 252 356 305 219 143 110 50 73 41 49
1980 to 1984 693 125 125 102 113 48 88 7 5 7 17 56 37
1979 or earlier 1179 657 138 61 51 41 42 23 11 4 26 127 16

Total Mortgage Outstanding Debt

Less than $10,000
1108 853 37 26 5 18 18 4 4 4 0 138 12
$10,000 to $19,999 1598 738 257 146 155 116 75 50 11 21 29 0 22
$20,000 to $29,999 2143 347 410 328 265 250 237 96 74 59 76 0 40
$30,000 to $39,999 2437 229 358 272 399 344 284 289 84 122 56 0 49
$40,000 to $49,999 2596 163 231 342 410 441 366 243 186 107 108 0 53
$50,000 to $59,999 2647 83 185 294 342 429 394 357 268 188 108 0 60
$60,000 to $79,999 5327 112 231 449 517 712 826 956 682 588 255 0 68
$80,000 to $99,999 4606 42 156 263 420 751 752 840 541 623 217 0 69
$100,000 to $149,999 7207 76 166 350 484 954 1069 1457 1311 908 433 0 73
$150,000 to $199,999 3275 25 59 182 282 428 655 603 432 360 245 4 70
$200,000 to $249,999 1352 10 41 82 107 187 246 288 209 103 80 0 70
$250,000 to $299,999 617 0 10 11 48 127 129 148 63 34 48 0 69
$300,000 or more 1101 7 30 63 132 160 154 218 157 71 109 0 70
Not reported 395 0 0 0 0 0 0 0 0 0 0 395 0
Median 80655 16628 40978 59858 67972 83966 90707 98571 106123 96211 103883 5128 ...
Mean 100612 28119 64178 81286 95255 106288 111472 120383 119908 112028 152923 1146 71

Source: U.S. Census Bureau | Residential Finance Survey |  Last Revised: 2012-08-02T15:15:13.203-04:00