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Residential Finance Survey: 2001 - United States
Table 2-15. Total Mortgage Debt by Mortgage Insurance Status, 1-Unit Homeowner Mortgaged Properties
^Amount of total mortgage outstanding debt in millions of dollars. 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^^

Total first and junior mortgage debt on-
First mortgage debt on-
Junior mortgage debt on-
Properties with-
Properties with-
Properties with-
All
properties
FHA first
mortgage
VA first
mortgage
Other
first
mortgages
All
properties
FHA first
mortgage
VA first
mortgage
Other
first
mortgages
All
properties
FHA first
mortgage
VA first
mortgage
Other
first
mortgages
Mortgage debt on 1-housing-unit
properties with traditional first
mortgage
3623101 318946 94704 3209451 3467677 307225 93450 3067001 155425 11721 1254 142450

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)
1149289 124858 23407 1001023 1113226 122225 23371 967630 36062 2633 36 33394
1997 and 1998 698933 68081 22748 608104 675146 66745 22621 585781 23787 1336 127 22324
1995 and 1996 435262 32733 14320 388209 417510 31746 14161 371602 17751 987 159 16606
1990 to 1994 653720 45226 23339 585155 619427 43414 22848 553165 34293 1812 491 31990
1985 to 1989 356920 26011 4851 326058 336031 24202 4577 307252 20889 1809 273 18806
1980 to 1984 146230 9805 2500 133925 138915 8731 2500 127684 7315 1074 0 6241
1975 to 1979 110650 7685 1704 101261 100029 6213 1557 92258 10621 1472 147 9002
1970 to 1974 35794 2338 850 32605 33821 2249 828 30744 1973 89 22 1862
1969 or earlier 36305 2210 985 33111 33572 1701 985 30886 2733 509 0 2224

Value

Less than $20,000
6571 957 262 5353 6196 843 262 5091 375 113 0 262
$20,000 to $39,999 25362 3341 307 21714 24582 3341 285 20955 780 0 22 759
$40,000 to $59,999 80274 11660 2281 66333 76899 11110 2281 63508 3375 550 0 2825
$60,000 to $79,999 164396 29279 7077 128039 156340 28789 7077 120473 8056 490 0 7566
$80,000 to $99,999 285779 50564 10060 225155 273077 49892 10060 213126 12701 673 0 12029
$100,000 to $124,999 304573 47648 11961 244964 289747 46456 11288 232004 14825 1192 673 12960
$125,000 to $149,999 363439 50474 14879 298086 347048 49391 14558 283098 16391 1083 321 14987
$150,000 to $174,999 340740 37350 11805 291585 327156 36311 11567 279278 13584 1039 238 12307
$175,000 to $199,999 257313 32165 9424 215725 248329 31953 9424 206952 8984 211 0 8773
$200,000 to $249,999 382772 22380 15023 345369 368460 21268 15023 332169 14312 1112 0 13200
$250,000 to $299,999 291358 8752 5131 277475 280244 7888 5131 267224 11114 864 0 10250
$300,000 to $499,999 611428 11446 6312 593669 580385 8600 6312 565472 31043 2846 0 28197
$500,000 or more 509096 12929 182 495986 489214 11380 182 477652 19883 1548 0 18334

OWNER CHARACTERISTICS


Age of owner

Under 25
24326 5693 355 18278 24287 5693 355 18239 39 0 0 39
25 to 34 580008 79139 15012 485858 562810 77876 15012 469922 17198 1263 0 15936
35 to 44 1170867 104764 33948 1032156 1118142 101509 33663 982970 52725 3255 285 49185
45 to 54 1024208 71295 21602 931311 977114 66299 21300 889516 47094 4997 302 41796
55 to 64 487254 29654 15477 442122 465542 28721 15152 421669 21712 934 325 20453
65 to 74 155972 9056 3153 143764 148086 8503 2984 136599 7886 552 169 7165
75 and over 40067 2439 1519 36108 39081 2439 1346 35296 986 0 174 812
Not reported 140398 16905 3639 119854 132614 16185 3639 112790 7784 720 0 7064

Race of Owner

White alone
3165285 269256 82532 2813497 3032240 258131 81278 2692831 133045 11125 1254 120666
Black or African American alone 215306 37366 9791 168150 206562 37007 9791 159764 8745 358 0 8386
American Indian or Alaska Native alone 20706 3200 422 17084 20208 2963 422 16823 498 238 0 261
Asian alone 186354 7270 1503 177581 174782 7270 1503 166009 11572 0 0 11572
Native Hawaiian or Other Pacific
Islander alone
14769 633 382 13754 13664 633 382 12649 1105 0 0 1105
Two or more races 20681 1221 75 19385 20221 1221 75 18925 460 0 0 460

Sex of Owner

Male
2851881 240976 82908 2527997 2723151 230353 82423 2410375 128730 10623 485 117622
Female 771220 77971 11796 681454 744526 76872 11027 656626 26695 1098 769 24828

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
276128 49747 4964 221417 265697 48428 4817 212453 10431 1319 147 8965
No Hispanic/Latino owner(s) 3346973 269199 89740 2988034 3201979 258797 88633 2854549 144994 10402 1107 133485

Veteran Status@1

Veteran
657896 38886 63133 555877 628508 36830 62723 528956 29388 2056 410 26922
Active member of Reserves or National
Guard for at least 6 years
128432 8101 8152 112180 120114 7752 8152 104210 8318 349 0 7969
Persian Gulf War of after
(August 1990 to present)
98772 6584 22085 70103 93955 6013 21985 65957 4817 571 100 4146
Vietnam or after
(August 1964 to July 1990)
401497 26196 43790 331511 381442 24646 43402 313394 20055 1550 388 18117
Korean conflict or after
(July 1950 to July 1964)
112060 4765 4458 102837 109393 4676 4289 100428 2667 89 169 2409
World War II or after
(September 1940 to June 1950)
29571 2500 1421 25650 28792 2339 1421 25032 779 161 0 618
Nonveteran 2774662 263338 23666 2487658 2655457 254030 22822 2378605 119205 9308 844 109053
Not reported 190543 16722 7905 165915 183711 16366 7905 159440 6832 357 0 6475

Income

Less than $5,000
274972 27009 4644 243318 263395 25898 4623 232875 11576 1111 22 10443
$5,000 to $9,999 15773 2411 577 12785 15627 2411 577 12639 146 0 0 146
$10,000 to $14,999 27096 2604 1277 23215 24494 2604 1277 20613 2602 0 0 2602
$15,000 to $19,999 45497 3355 955 41186 44358 3355 955 40048 1139 0 0 1139
$20,000 to $24,999 67834 10098 592 57144 64433 9940 592 53901 3402 158 0 3243
$25,000 to $29,999 92870 16518 2653 73699 89225 16460 2506 70259 3645 58 147 3440
$30,000 to $34,999 148373 21206 2426 124741 144427 21046 2426 120954 3946 159 0 3786
$35,000 to $39,999 108151 15512 3931 88708 103526 15146 3804 84576 4625 367 126 4132
$40,000 to $49,999 281066 45659 11099 224308 269956 45333 10972 213650 11111 326 127 10658
$50,000 to $59,999 299741 40698 9377 249666 287792 39108 9341 239344 11948 1590 36 10322
$60,000 to $79,999 585883 63156 21464 501263 563136 61143 21083 480909 22748 2012 381 20354
$80,000 to $99,999 448681 33342 16801 398538 430201 31766 16385 382050 18479 1576 415 16488
$100,000 to $119,999 327946 18151 12010 297785 312020 17090 12010 282920 15926 1061 0 14864
$120,000 or more 899218 19227 6897 873094 855086 15926 6897 832263 44132 3301 0 40831

Owned Home Previously

Previously owned home
2286436 132646 52126 2101663 2188752 124033 51279 2013440 97684 8613 848 88223
Never owned home before 1225556 176948 40115 1008493 1173073 173970 39835 959268 52483 2978 280 49225
Not reported 111110 9352 2462 99295 105852 9222 2336 94294 5258 130 127 5001

MORTGAGE CHARACTERISTICS


Total Mortgage Loan

Less than $20,000
11039 869 123 10047 10825 869 101 9855 213 0 22 192
$20,000 to $29,999 30507 3160 605 26742 30073 3122 605 26346 434 38 0 396
$30,000 to $39,999 57341 5766 694 50881 56516 5697 694 50126 825 70 0 755
$40,000 to $49,999 82220 12662 1855 67703 80703 12581 1708 66413 1517 81 147 1289
$50,000 to $59,999 126511 17827 3396 105288 124192 17435 3396 103360 2320 392 0 1927
$60,000 to $79,999 333427 48180 11671 273575 323822 47685 11571 264565 9605 495 100 9010
$80,000 to $99,999 376686 62385 11172 303129 362096 61323 10950 289823 14590 1062 223 13306
$100,000 to $149,999 896131 100137 32093 763901 864675 98363 31456 734856 31456 1774 637 29045
$150,000 to $199,999 581090 48397 20357 512336 555467 46609 20230 488629 25622 1788 127 23708
$200,000 to $249,999 347762 4614 6653 336495 333606 4133 6653 322819 14156 480 0 13675
$250,000 to $299,999 193520 2185 5296 186040 182985 1011 5296 176678 10535 1173 0 9361
$300,000 or more 584963 12763 790 571409 542673 8396 790 533486 42290 4367 0 37923
Not reported 1906 0 0 1906 43 0 0 43 1862 0 0 1862

Total Mortgage Outstanding Debt

Less than $10,000
5668 356 243 5068 5668 356 243 5068 0 0 0 0
$10,000 to $19,999 24026 1540 325 22161 23361 1489 303 21570 665 51 22 592
$20,000 to $29,999 53833 6028 1079 46726 52564 5990 979 45595 1269 38 100 1131
$30,000 to $39,999 85459 10021 1217 74220 83433 9791 1217 72425 2025 230 0 1795
$40,000 to $49,999 115990 13167 3373 99450 113789 13048 3226 97514 2201 119 147 1936
$50,000 to $59,999 143116 21171 3795 118150 139710 20813 3795 115102 3406 358 0 3048
$60,000 to $79,999 367331 53623 11736 301973 353739 52910 11661 289169 13592 713 75 12804
$80,000 to $99,999 408800 57916 12301 338584 394244 56888 12027 325329 14556 1028 273 13255
$100,000 to $149,999 869834 98386 32301 739148 838185 96985 31790 709409 31649 1400 510 29738
$150,000 to $199,999 556114 40782 18487 496845 532294 38889 18360 475045 23819 1893 127 21800
$200,000 to $249,999 300030 2053 7884 290094 283684 659 7884 275142 16346 1394 0 14952
$250,000 to $299,999 166122 1690 1583 162850 157135 1560 1583 153992 8988 130 0 8858
$300,000 or more 526777 12214 382 514182 489869 7847 382 481640 36908 4367 0 32541

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
74243 3716 722 69806 72987 3665 722 68601 1256 51 0 1204
20 to 29 percent 136580 5654 1226 129699 133811 5448 1126 127237 2769 207 100 2462
30 to 39 percent 225031 11634 1965 211431 221482 11418 1818 208246 3549 216 147 3186
40 to 49 percent 334488 18692 3492 312304 326807 17385 3471 305952 7681 1308 22 6352
50 to 59 percent 519040 30948 7583 480509 509411 30516 7507 471388 9629 432 75 9121
60 to 69 percent 576506 41999 7523 526984 561561 40822 7523 513216 14945 1177 0 13769
70 to 79 percent 663725 46457 22117 595152 642263 45720 21954 574590 21462 737 163 20562
80 to 89 percent 477125 60387 21056 395682 450656 58247 21056 371354 26468 2140 0 24328
90 to 99 percent 353687 72352 18439 262896 334233 71868 17960 244405 19454 484 480 18491
100 percent or more 262062 26984 10580 224498 213963 22127 10312 181524 48099 4857 268 42974
Not reported or not computed 615 124 1 490 502 11 1 490 113 113 0 0

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
3577700 314482 94441 3168776 3426264 302761 93187 3030315 151436 11721 1254 138461
Less than $100 3967 264 51 3652 3932 264 51 3617 35 0 0 35
$100 to $199 12816 1747 125 10943 12726 1658 125 10943 89 89 0 0
$200 to $299 47351 5926 839 40586 46259 5850 839 39570 1092 76 0 1016
$300 to $399 100205 15349 2399 82456 99355 15349 2399 81607 849 0 0 849
$400 to $499 151583 23770 3895 123918 149053 23447 3627 121979 2530 323 268 1939
$500 to $599 244791 38877 9339 196575 238862 38568 9065 191228 5929 309 274 5346
$600 to $699 242788 36246 7236 199306 235804 36013 7161 192630 6984 233 75 6676
$700 to $799 253570 28276 9628 215665 244878 27451 9606 207821 8691 825 22 7844
$800 to $899 249478 36567 6716 206195 238665 35905 6422 196338 10813 663 294 9857
$900 to $999 250275 23989 10228 216058 239696 23820 10228 205648 10579 170 0 10410
$1,000 to $1,249 532880 43485 21097 468298 507272 41862 20902 444509 25608 1624 195 23790
$1,250 to $1,499 355298 25810 13011 316476 339670 24151 13011 302508 15628 1659 0 13969
$1,500 or more 1132700 34175 9877 1088647 1070091 28424 9750 1031917 62608 5751 127 56731
No regular monthly payments
required
45401 4464 263 40675 41413 4464 263 36686 3989 0 0 3989

Interest and Principal Payments on Total
Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
3577700 314482 94441 3168776 3426264 302761 93187 3030315 151436 11721 1254 138461
Less than 5 percent 72700 2666 2129 67905 70245 2577 2129 65540 2454 89 0 2365
5 to 9 percent 421164 31287 6770 383107 406266 30709 6355 369202 14898 579 415 13905
10 to 14 percent 791288 72968 27035 691284 769308 71380 26686 671242 21980 1589 349 20042
15 to 19 percent 719524 69274 26184 624066 691745 66747 26184 598814 27779 2527 0 25252
20 to 24 percent 518937 41114 8683 469140 491239 38660 8525 444054 27699 2454 159 25086
25 to 29 percent 273863 24375 6578 242910 258623 22972 6542 229110 15240 1403 36 13800
30 to 34 percent 167200 14510 3671 149020 157965 13158 3671 141136 9236 1352 0 7884
35 to 39 percent 92193 8510 3056 80626 86083 8414 2909 74760 6110 96 147 5867
40 to 49 percent 107670 11876 2324 93470 101321 11800 2197 87324 6349 76 127 6146
50 percent or more 158264 13072 3517 141675 149261 12629 3517 133115 9003 444 0 8559
Not reported or not computed 254897 24829 4495 225573 244209 23717 4473 216018 10688 1111 22 9555
No regular monthly payments
required
45401 4464 263 40675 41413 4464 263 36686 3989 0 0 3989

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