Residential Finance Survey

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