U.S. Department of Commerce

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Residential Finance Survey: 2001 - United States
Table 2-9. First Mortgage Loan, 1-Unit Homeowner Mortgaged Properties
^Number of mortgaged properties in thousands.
Mortgage made 1997 to 2001 (part). 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^^

Amount of first mortgage loan
Total Less
than
$20,000
$20,000
to
$29,999
$30,000
to
$39,999
$40,000
to
$49,999
$50,000
to
$59,999
$60,000
to
$79,999
$80,000
to
$99,999
$100,000
to
$149,999
$150,000
to
$199,999
$200,000
to
$249,999
$250,000
to
$299,999
$300,000
or
more
Not
reported
Median
(dollars)

1-housing-unit properties with
traditional first mortgage
36410 1239 1785 2274 2508 3030 5696 4698 7972 3333 1683 649 1117 427 86214

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
1911 35 17 42 39 63 152 194 590 307 180 88 162 43 133225
1997 and 1998 2157 40 66 50 48 82 207 263 706 340 132 51 153 20 122210
1995 and 1996 1880 22 30 46 28 97 228 255 608 254 164 44 78 26 118223
1990 to 1994 3660 52 53 89 168 187 517 575 1061 419 222 120 146 52 107714
1980 to 1989 6407 119 156 341 395 551 1167 878 1534 610 358 84 149 63 90080
1970 to 1979 6076 251 327 393 522 533 1108 904 1155 414 206 88 107 70 77655
1960 to 1969 3788 210 251 259 276 384 708 425 663 323 145 65 64 16 74331
1950 to 1959 4389 158 274 361 437 523 722 559 746 303 108 56 91 52 71541
1940 to 1949 1965 141 167 189 174 180 301 212 338 125 58 16 38 26 67827
1939 or earlier 4176 212 444 505 421 429 588 434 571 238 110 36 128 59 61609

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
14477 332 415 564 629 801 1900 1910 3991 1842 896 364 687 147 107704
Less than $20,000 287 136 38 27 9 15 15 11 13 0 0 0 0 24 19385
$20,000 to $39,999 729 83 225 281 35 34 17 7 24 7 0 0 0 16 31707
$40,000 to $59,999 1084 31 60 165 361 318 80 22 19 8 0 0 0 19 47636
$60,000 to $79,999 1605 24 22 36 128 215 1073 37 40 11 10 0 0 8 66940
$80,000 to $99,999 1796 5 11 20 37 128 418 1089 64 5 0 0 4 14 84978
$100,000 to $124,999 1813 17 31 7 18 26 144 466 1041 28 9 0 13 13 109151
$125,000 to $149,999 1822 7 9 9 12 36 52 192 1459 34 0 0 4 8 120208
$150,000 to $174,999 1330 16 0 13 17 14 43 47 757 391 11 4 4 14 133608
$175,000 to $199,999 840 0 4 5 0 0 20 20 285 483 13 5 3 0 158789
$200,000 to $249,999 1138 9 6 0 5 5 22 11 143 665 234 23 12 4 177587
$250,000 to $299,999 717 0 6 0 0 9 9 9 72 116 390 88 7 12 216907
$300,000 to $499,999 967 3 4 0 4 0 4 0 72 78 211 226 354 11 272570
$500,000 or more 349 0 0 0 4 0 1 0 3 16 18 18 286 3 395447582
Median 123967 27242 35059 38129 54960 63176 75619 96134 138645 197625 271874 354950 467319 89046 ...
Mean 155516 48177 49873 47683 66732 71744 84217 102003 144539 208249 278925 333810 558150 124219 231161
Other properties 21933 908 1370 1710 1879 2229 3796 2788 3980 1491 787 285 430 280 74387

Purchase Price as Percent of Value@8

Acquired by purchase
35481 1166 1721 2187 2428 2935 5484 4628 7854 3273 1656 642 1097 410 86973
Purchased 1997 to 2001 (part) 14477 332 415 564 629 801 1900 1910 3991 1842 896 364 687 147 107704
Less than 60 percent 1279 119 84 117 79 59 156 120 170 125 79 43 85 43 80716
60 to 69 percent 1130 33 53 50 87 69 127 131 232 161 99 11 64 13 101623
70 to 79 percent 1826 49 44 58 47 96 218 253 515 258 111 60 100 17 113558
80 to 99 percent 7380 59 76 212 268 385 993 1014 2410 1003 450 176 283 51 113634
100 percent or more 2841 72 150 122 144 191 406 391 662 294 158 74 156 22 96618
Median 88 73 86 85 87 89 89 89 89 88 87 88 87 80 ...
Purchased 1990 to 1996 (part) 11052 242 403 555 854 963 1884 1693 2485 901 467 201 277 128 86636
Less than 40 percent 676 67 45 50 52 78 127 68 78 35 26 25 12 12 66286
40 to 59 percent 1595 7 128 73 166 152 264 221 256 117 90 40 68 15 80117
60 to 79 percent 3991 65 93 171 339 300 666 650 993 342 190 68 87 27 90684
80 to 99 percent 3394 46 78 156 175 316 626 553 908 280 113 39 52 52 89926
100 percent or more 1374 58 60 105 121 117 201 201 242 127 48 30 54 12 81983
Median 76 75 66 78 72 77 77 77 78 77 72 70 73 82 ...
Purchased 1989 or earlier 9952 593 902 1068 946 1172 1701 1025 1378 530 293 77 132 136 62682
Less than 20 percent 1336 147 114 153 97 188 187 122 162 74 41 12 25 14 58009
20 to 39 percent 2312 203 309 257 209 258 361 166 285 118 76 19 28 23 56444
40 to 59 percent 2539 76 197 267 278 311 472 274 386 117 97 22 15 27 65361
60 to 79 percent 1883 42 122 149 189 208 410 229 272 140 44 12 36 30 70550
80 to 99 percent 814 21 40 100 90 64 155 112 149 46 7 0 9 22 70525
100 percent or more 1049 100 117 138 83 143 116 122 124 36 29 11 20 9 55687
Median 50 35 43 49 52 49 53 56 53 53 46 46 57 59 ...
Not acquired by purchase 929 73 64 87 80 94 211 69 118 60 27 7 20 17 65409

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
1987 45 39 78 116 137 312 313 569 177 80 41 47 32 95981
Property located in subdivision not
restricted to people age 55 or older
32987 1121 1681 2090 2315 2800 5146 4237 7131 3031 1529 581 1010 315 85582
Not reported 1436 73 65 106 78 92 238 147 272 125 74 27 60 80 83614

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
2589 113 246 184 274 298 460 295 448 131 49 7 72 13 67544
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
24263 811 1123 1551 1656 2024 3745 3129 5279 2337 1166 478 752 211 87132
Don't know or not reported 9558 315 417 539 578 708 1491 1274 2244 864 468 164 293 204 89893

OWNER CHARACTERISTICS


Age of Owner

Under 25
328 12 23 26 26 33 74 29 78 22 0 0 0 6 70991
25 to 34 5182 91 164 241 241 325 904 841 1435 498 225 78 114 26 94562
35 to 44 10436 201 312 449 602 762 1578 1413 2633 1201 597 262 349 77 98058
45 to 54 10399 276 492 746 832 910 1559 1374 2151 912 470 191 406 77 85015
55 to 64 5579 327 400 373 394 623 904 623 1014 390 237 59 169 67 74148
65 to 74 2178 198 193 248 196 211 370 204 282 121 65 44 41 5 62205
75 and over 668 61 98 68 100 67 104 32 82 17 16 0 5 19 49838
Not reported 1640 74 102 123 117 99 202 182 296 171 74 16 33 150 83004
Median 46 55 52 50 49 49 46 45 44 44 45 44 47 49 ...

Race of Owner

White alone
31761 1003 1565 1935 2177 2630 5032 4144 7002 2888 1499 571 930 383 86500
Black or African American alone 2840 205 193 292 264 276 425 355 538 176 18 30 35 34 68154
American Indian or Alaska Native alone 194 7 5 12 8 9 30 39 45 20 5 9 6 0 93632
Asian alone 1241 11 4 17 22 62 150 132 299 235 136 25 138 10 136336
Native Hawaiian or Other Pacific
Islander alone
115 0 4 0 4 7 15 11 51 6 8 9 1 0 116257
Two or more races 260 13 15 17 35 44 44 16 38 8 18 5 6 0 62240

Sex of Owner

Male/Male and female co-owners
30105 909 1313 1694 1991 2345 4641 3942 6864 3006 1520 619 986 275 90260
Female 6305 330 472 581 517 685 1054 756 1108 327 163 30 131 152 69327

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
2927 89 166 190 201 276 425 325 685 352 98 40 44 38 86085
No Hispanic/Latino owner(s) 33483 1150 1619 2084 2308 2754 5270 4373 7287 2981 1586 609 1072 389 86224

Income

Less than $5,000
3018 176 127 244 251 263 501 261 491 237 131 33 123 180 74269
$5,000 to $9,999 331 83 46 32 25 45 27 19 43 9 0 3 0 0 42308
$10,000 to $14,999 595 69 116 100 70 57 89 42 32 0 7 4 0 8 41179
$15,000 to $19,999 889 81 134 136 127 99 112 58 53 45 10 4 0 30 46208
$20,000 to $24,999 1244 131 146 172 120 151 222 131 105 37 4 4 0 21 52806
$25,000 to $29,999 1574 83 188 194 150 201 296 192 192 36 8 0 4 30 57799
$30,000 to $34,999 1738 86 132 183 163 184 363 281 261 45 12 13 4 9 66415
$35,000 to $39,999 1668 63 120 152 184 229 408 196 237 33 13 7 2 25 63601
$40,000 to $49,999 3858 109 245 311 408 394 783 621 777 112 51 10 16 22 71544
$50,000 to $59,999 3717 120 179 242 245 399 673 642 898 219 56 23 7 15 79789
$60,000 to $79,999 6352 107 176 267 427 483 1121 1071 1816 576 179 24 74 31 90818
$80,000 to $99,999 4089 61 82 71 199 272 523 581 1290 586 262 89 45 27 109365
$100,000 to $119,999 2629 32 12 87 80 104 278 313 804 549 228 56 76 10 125110
$120,000 or more 4709 39 84 82 59 147 301 288 974 849 722 380 765 19 171868
Median 58852 29828 35177 37487 44019 47235 50708 58508 69883 90841 109541 1557808 2790781 19322 ...
Mean 72951 38018 43743 43914 46452 51657 54881 62382 75213 103676 130719 161401 240941 31574 202510

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
27072 918 1345 1752 1868 2269 4269 3525 5884 2514 1098 450 835 345 85350
2 mortgages 8311 304 399 453 576 687 1262 1037 1840 721 523 184 246 79 88403
3 or more mortgages 1027 17 41 69 64 74 165 136 247 98 62 14 36 4 91926

Form of Debt of First Mortgage

Mortgage or deed of trust
36410 1239 1785 2274 2508 3030 5696 4698 7972 3333 1683 649 1117 427 86214
Contract to purchase 0 0 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 0 0

Method of Loan Application

By computer over the Internet or
by e-mail
270 0 3 0 9 4 49 20 80 33 38 7 24 3 130215
By telephone or FAX 3579 65 106 122 148 223 443 481 861 443 315 132 185 57 110092
By regular mail 895 29 39 17 24 91 130 100 212 100 62 25 61 5 103509
By personal visit 22198 707 1101 1455 1650 1904 3663 2880 4775 1910 970 378 578 226 83512
Through third party (such as real
estate agent or builder)
6531 139 233 382 401 540 1000 919 1638 656 242 103 216 62 91763
Some other way 102 6 4 15 3 10 18 12 5 18 5 0 0 5 70862
Not reported 2474 257 274 259 188 205 338 257 361 173 48 4 50 60 61399
Not available 361 36 27 25 84 53 55 28 39 0 3 0 3 9 50869

Origin of First Mortgage

Mortgage made at time property acquired
25921 825 1343 1689 1795 2033 3873 3327 5823 2456 1145 424 831 358 87362
Mortgage assumed at the time property
acquired
704 55 70 46 114 88 114 81 78 19 18 4 3 16 56751
Mortgage placed later than acquisition of
property
9785 360 372 540 599 909 1709 1290 2071 858 520 221 282 54 85849
Refinanced mortgage 8890 193 269 423 492 790 1601 1221 2024 822 516 216 279 45 90736
Same lender 2568 71 98 152 143 257 469 363 513 209 123 61 96 13 84845
Different lender 6321 122 170 271 349 533 1132 858 1511 613 392 154 183 32 93229
Mortgage placed on property
owned free and clear of debt
896 167 103 117 107 119 108 69 47 36 5 6 3 9 45263
Not available 0 0 0 0 0 0 0 0 0 0 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
9785 360 372 540 599 909 1709 1290 2071 858 520 221 282 54 85849
Obtain lower interest rate 5976 91 134 249 298 517 1053 848 1446 588 372 154 186 40 94777
Increase payment period for mortgage 83 0 11 7 4 5 22 3 23 4 4 0 0 0 73097
Reduce payment period for mortgage 264 13 11 9 11 14 41 46 78 25 11 0 5 0 94400
Renew or extend loan that had fallen
due, without increasing outstanding
balance
203 3 8 14 17 4 40 38 30 27 3 12 5 0 87517
Receive cash or increase outstanding
balance of loan
2713 219 194 204 218 286 490 273 402 187 115 46 75 5 69539
Other reason 277 21 6 34 35 53 31 35 37 15 0 0 11 0 58028
Not reported 269 13 8 22 15 30 34 47 56 11 16 9 0 9 83488
Other properties 26625 879 1414 1734 1909 2120 3986 3408 5900 2475 1163 428 834 373 86352
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Cash Received From Refinancing or
Placing Mortgage on Property Owned
Free and Clear

Properties on which cash
received
4300 215 220 285 281 470 703 494 818 404 193 96 114 7 79187
Less than $20,000 1711 181 79 109 92 228 305 169 344 102 54 25 19 4 70794
$20,000 to $39,999 1300 18 138 134 85 113 195 121 243 125 60 32 32 3 76464
$40,000 to $59,999 552 5 3 21 100 125 66 52 56 71 37 12 4 0 66588
$60,000 to $79,999 255 0 0 15 5 4 127 42 26 26 4 0 7 0 76313
$80,000 to $99,999 173 6 0 0 0 0 4 96 27 18 10 4 9 0 96131
$100,000 to $124,999 140 5 0 6 0 0 3 11 81 13 7 10 3 0 127639
$125,000 to $149,999 50 0 0 0 0 0 4 0 26 0 9 0 12 0 141331
$150,000 to $174,999 57 0 0 0 0 0 0 0 9 37 0 0 11 0 176311
$175,000 to $199,999 18 0 0 0 0 0 0 0 5 9 4 0 0 0 170948
$200,000 to $249,999 25 0 0 0 0 0 0 4 0 4 7 3 7 0 236084
$250,000 to $299,999 15 0 0 0 0 0 0 0 0 0 0 9 5 0 288878
$300,000 or more 5 0 0 0 0 0 0 0 0 0 0 0 5 0 500150000
Median 26754 11872 24511 24966 31495 21288 24777 32908 25320 35962 34011 34416 66031 19101 ...
Mean 35604 17565 18921 27314 27118 24963 28649 40044 36908 49481 45900 64038 112863 10577 175666
Properties that refinanced
and did not receive cash back
4630 87 106 206 256 341 854 709 1094 420 289 113 145 10 92966
Properties that refinanced
and did not report if received
cash back
855 58 45 49 62 98 151 87 160 34 39 13 23 36 72907
Properties that did not
refinance
26625 879 1414 1734 1909 2120 3986 3408 5900 2475 1163 428 834 373 86352
Not available 0 0 0 0 0 0 0 0 0 0 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
4300 215 220 285 281 470 703 494 818 404 193 96 114 7 79187
For additions, improvements or repairs
to this property
2032 113 88 181 120 217 300 245 382 184 84 55 56 7 79529
To consolidate debts 1992 79 72 115 152 211 350 207 437 210 100 26 32 0 81673
For investment in other real estate 307 4 3 0 7 16 57 42 65 51 36 9 17 0 118779
For other types of investments 270 0 11 9 16 26 53 28 44 35 22 5 22 0 94848
For educational or medical expenses 336 22 28 22 14 29 53 17 74 64 8 5 0 0 80979
To start a business 99 0 4 0 15 14 18 11 21 4 0 5 7 0 78559
To settle a divorce 113 8 7 4 4 22 10 29 28 0 0 3 0 0 82319
To pay taxes 126 7 8 4 19 10 4 16 21 12 21 4 0 0 94230
To purchase an automobile, truck, or
other vehicle
414 21 21 25 33 61 75 36 61 52 16 5 7 0 72168
To purchase consumer product other than
automobile, truck, or other vehicle
124 0 9 0 10 23 13 33 13 19 0 0 5 0 84620
Other 103 12 9 13 0 20 6 8 22 6 7 0 0 0 58525
Not reported 52 0 4 6 4 6 10 6 9 7 0 0 0 0 72937
Properties that refinanced
and did not receive cash back
4630 87 106 206 256 341 854 709 1094 420 289 113 145 10 92966
Properties that refinanced
and did not report if received
cash back
855 58 45 49 62 98 151 87 160 34 39 13 23 36 72907
Properties that did not
refinance
26625 879 1414 1734 1909 2120 3986 3408 5900 2475 1163 428 834 373 86352
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Current Interest Rate on First Mortgage

Less than 6.0 percent
9962 475 615 740 713 863 1511 1049 2067 813 337 185 300 294 78901
6.0 percent 423 3 19 15 15 29 72 63 94 38 45 11 18 0 98090
6.1 to 6.4 percent 811 19 10 22 41 27 169 91 216 82 60 16 59 0 106116
6.5 to 6.9 percent 3720 19 58 125 197 254 567 489 996 561 256 73 125 0 107591
7.0 percent 3329 88 86 153 150 212 553 466 870 381 186 54 102 27 97542
7.1 to 7.4 percent 2817 28 45 115 142 237 361 476 749 287 166 97 116 0 100402
7.5 to 7.9 percent 3595 45 117 177 248 353 601 526 822 329 167 83 126 0 89719
8.0 percent 1411 38 118 93 127 137 232 253 247 108 35 4 21 0 76685
8.1 to 8.4 percent 1039 26 42 67 87 110 181 146 235 68 43 16 19 0 80969
8.5 to 8.9 percent 1335 59 122 157 135 153 243 179 150 74 20 15 20 7 63106
9.0 percent 453 15 47 46 80 44 108 50 49 14 0 0 0 0 58708
9.1 to 9.4 percent 353 27 35 40 32 23 66 41 66 17 5 0 0 0 65927
9.5 to 9.9 percent 701 44 91 94 97 75 114 71 85 17 0 14 0 0 53209
10.0 percent 217 33 15 31 25 43 29 16 22 4 0 0 0 0 51116
10.1 to 10.4 percent 204 0 3 8 30 37 44 29 38 11 4 0 0 0 71212
10.5 to 10.9 percent 365 11 42 40 12 62 50 36 86 17 8 0 0 0 66203
11.0 percent 416 23 45 29 55 51 58 33 60 20 9 5 10 18 59036
11.1 to 12.9 percent 598 4 39 58 43 54 148 95 108 37 7 0 5 0 73732
13.0 percent 95 35 20 6 8 5 13 3 0 0 5 0 0 0 26447
13.1 percent or more 4566 247 214 260 270 262 576 586 1014 454 329 77 196 82 94099
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 7.3 7.7 7.4 7.5 7.3 7.1 7.3 7.1 7.0 7.1 7.1 7.1 4.4 ...

Type of Interest Rate Buydown

Properties with interest rate
buydown
1114 9 31 25 50 48 231 155 242 131 107 29 55 0 101581
Constant payment 46 0 0 0 0 0 18 12 9 7 0 0 0 0 88842
3-2-1 buydown 12 0 0 0 0 0 0 5 3 4 0 0 0 0 117648
Other 34 0 0 0 0 0 13 5 16 0 0 0 0 0 97516
Not reported 1022 9 31 25 50 48 201 134 213 120 107 29 55 0 103177
Properties without interest
rate buydown
16219 404 776 1066 1167 1490 2614 2237 3534 1515 699 273 432 13 85240
Not reported 19077 825 978 1184 1291 1491 2851 2306 4196 1686 877 347 630 414 86165

Term of First Mortgage

Less than 5 years
160 39 25 0 14 18 37 3 9 4 4 0 8 0 51077
5 years 303 57 64 59 38 25 23 11 16 0 0 5 5 0 35293
6 to 9 years 192 50 17 17 14 21 21 8 16 5 9 0 10 4 47525
10 years 669 68 111 122 97 80 88 50 29 6 13 0 4 0 43440
11 to 14 years 99 4 8 24 23 10 13 7 3 0 0 0 6 0 45794
15 years 4005 62 208 368 368 524 728 545 674 275 146 51 57 0 73004
16 to 19 years 58 0 3 17 4 3 14 7 0 10 0 0 0 0 63162
20 years 818 28 73 52 79 44 197 136 158 28 13 4 6 0 73453
21 to 24 years 24 0 0 6 0 0 0 7 11 0 0 0 0 0 97687
25 years 290 16 22 37 34 25 43 44 40 11 11 8 0 0 65245
26 to 29 years 96 3 7 11 11 3 15 5 17 8 4 7 4 0 75679
30 years 14396 151 403 505 803 1095 2302 2134 3760 1652 748 294 491 59 97900
More than 30 years 275 27 44 53 28 26 15 34 25 2 8 0 12 0 44780
No stated term 15026 735 800 1004 995 1156 2200 1705 3213 1331 729 280 514 364 85167
Median 30 16 21 21 30 30 30 30 30 30 30 30 30 30 ...

Servicer of First Mortgage

Commercial bank or trust company
7369 320 417 521 574 607 1268 849 1416 582 361 123 253 77 79016
Savings and loan association, federal
savings bank
3984 104 187 234 298 379 641 519 827 329 200 69 156 39 84924
Mutual savings bank 708 26 27 49 56 66 109 108 129 67 16 27 18 9 82904
Life insurance company 518 29 32 27 35 42 64 54 145 29 9 10 20 21 86946
Mortgage banker or mortgage company 18501 389 730 1030 1147 1428 2934 2583 4373 1930 890 350 519 198 91570
Federally-sponsored secondary market
agency or pool
69 4 4 9 4 4 13 3 18 4 0 4 4 0 76047
Conventional mortgage pool 25 0 3 5 5 4 0 0 3 0 0 0 4 0 46870
Other federal agency 929 64 53 94 93 92 95 130 159 67 32 12 22 16 72759
Real estate investment trust 3 0 0 3 0 0 0 0 0 0 0 0 0 0 35000
Pension or retirement fund 20 0 4 0 0 0 8 0 8 0 0 0 0 0 74169
Credit union 1346 78 113 95 116 141 149 178 269 88 61 5 33 19 76120
Finance company 677 61 33 52 57 49 115 53 145 65 14 5 23 5 74665
State or municipal government or
housing finance agency
1147 84 83 61 63 126 154 115 250 77 50 20 42 22 78939
Individual or individual's estate 610 43 64 55 41 67 77 38 118 62 21 5 9 9 67893
Other 505 35 34 39 20 25 67 68 112 31 29 20 14 12 87874

Holder's Acquisition of First Mortgage

Originated directly from borrower
15811 825 983 1112 1092 1305 2435 1819 3105 1326 746 296 550 217 80497
Purchased from present servicer 10167 214 434 617 682 800 1588 1431 2453 1006 412 183 252 94 89799
Purchased from someone else 10432 200 368 545 735 924 1673 1448 2414 1001 525 169 315 116 89854
Not reported 0 0 0 0 0 0 0 0 0 0 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
25950 829 1365 1669 1868 2053 3841 3347 5818 2422 1139 424 814 359 86988
Less than 40 percent 952 167 157 118 92 117 84 31 106 35 25 5 14 0 43684
40 to 49 percent 663 27 38 61 63 70 145 49 93 49 47 7 14 0 69936
50 to 59 percent 945 30 104 50 89 138 128 84 177 63 51 12 19 0 69645
60 to 69 percent 2787 250 237 208 271 258 349 333 428 213 86 40 115 0 69748
70 to 79 percent 2799 18 96 167 155 189 361 331 639 376 202 83 182 0 106470
80 to 89 percent 4231 38 132 203 244 201 429 490 1214 547 349 139 245 0 115583
90 to 94 percent 2378 18 81 129 112 159 369 293 700 285 106 50 75 0 101946
95 to 99 percent 3111 19 100 138 172 230 539 533 928 295 121 17 18 0 93391
100 percent or more 7658 228 407 587 666 690 1436 1202 1527 558 152 70 132 0 77408
Not reported 426 35 13 8 4 0 0 0 8 0 0 0 0 359 19174
Median 91 67 83 91 91 92 96 96 92 89 85 85 83 0 ...
Other properties 10460 410 420 605 640 977 1855 1351 2154 911 544 225 302 68 84297
Not available 0 0 0 0 0 0 0 0 0 0 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
25950 829 1365 1669 1868 2053 3841 3347 5818 2422 1139 424 814 359 86988
Less than 40 percent 1129 184 170 135 120 143 119 44 117 42 25 16 13 0 46250
40 to 49 percent 710 21 38 83 76 67 171 53 92 51 36 11 10 0 68273
50 to 59 percent 1005 36 84 57 90 126 142 103 192 60 60 17 37 0 75420
60 to 69 percent 5181 302 458 363 464 491 638 640 909 389 222 70 234 0 76037
70 to 79 percent 3687 33 107 194 198 247 526 553 861 454 251 110 154 0 99479
80 to 89 percent 4034 51 104 210 231 201 450 419 1274 517 275 110 193 0 113824
90 to 94 percent 2198 8 87 91 101 142 369 332 582 268 102 44 72 0 98070
95 to 99 percent 2780 9 62 94 151 246 490 455 863 271 102 15 21 0 94823
100 percent or more 4830 150 255 442 438 389 936 748 928 369 66 30 80 0 75854
Not reported 394 35 0 0 0 0 0 0 0 0 0 0 0 359 10001
Median 83 65 69 80 79 78 87 87 86 84 79 79 77 0 ...
Other properties 10460 410 420 605 640 977 1855 1351 2154 911 544 225 302 68 84297
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
1730 85 138 136 129 180 289 167 326 121 55 29 35 41 72244
Not subprime loan 34680 1154 1647 2138 2379 2850 5407 4531 7645 3212 1629 620 1081 386 86937
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
2684 619 489 362 271 280 255 124 166 56 27 12 16 7 36374
20 to 29 percent 2170 92 263 275 217 252 412 161 258 95 89 20 37 0 59461
30 to 39 percent 2808 82 179 245 245 315 481 298 521 191 135 36 73 5 73926
40 to 49 percent 3568 83 179 285 344 381 612 452 545 278 202 51 156 0 76733
50 to 59 percent 4916 62 206 309 369 373 716 700 1128 479 284 103 183 4 92053
60 to 69 percent 5204 84 179 263 338 374 766 701 1174 727 272 151 170 5 96986
70 to 79 percent 5549 41 78 221 302 357 906 823 1530 608 300 155 227 0 101495
80 to 89 percent 4023 19 67 115 168 276 632 585 1334 422 211 78 112 3 105502
90 to 99 percent 3188 23 51 117 131 208 602 615 898 369 90 15 69 0 95002
100 percent or more 1764 51 76 67 115 209 304 238 415 108 73 28 73 7 84742
Not reported or not computed 537 83 19 15 7 5 9 0 4 0 0 0 0 395 17035
Median 63 19 37 49 55 58 65 69 71 68 64 67 65 59 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
35280 1081 1695 2188 2453 2974 5604 4639 7902 3283 1660 633 1087 82 86918
Real estate taxes 13252 99 382 604 856 1198 2192 2119 3309 1434 578 212 265 5 92200
Property insurance 11849 79 302 521 783 1095 1997 1931 2961 1278 494 184 216 9 91844
Mortgage insurance 3892 38 65 116 210 304 728 718 1111 396 113 31 63 0 93521
Other 4708 46 216 267 320 450 793 807 1075 436 158 65 74 0 86475
No items included or not reported 21524 949 1261 1532 1561 1732 3325 2473 4497 1814 1074 418 815 73 82954
No regular payments of interest
and principal
1130 158 90 86 55 56 92 58 70 50 23 16 30 345 50504

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
35438 1113 1713 2210 2453 2981 5620 4646 7916 3298 1666 640 1100 82 86838
Less than 5 percent 1203 237 179 159 115 91 133 51 95 51 36 13 34 10 41882
5 to 9 percent 5808 285 523 667 649 667 991 638 734 277 171 77 129 0 62274
10 to 14 percent 8617 148 420 522 641 843 1545 1198 1949 680 352 134 182 4 83135
15 to 19 percent 6719 90 208 280 349 482 956 1121 1769 870 308 116 161 9 97679
20 to 24 percent 4083 59 158 142 172 228 678 509 1118 490 250 117 154 10 104114
25 to 29 percent 2222 35 45 76 88 122 312 357 627 255 170 50 82 4 105956
30 to 34 percent 1320 26 16 45 56 92 208 167 350 145 95 20 88 10 106160
35 to 39 percent 785 26 13 28 34 45 84 139 258 74 42 14 28 0 104527
40 to 49 percent 834 24 10 24 58 68 93 99 247 95 29 32 53 3 108057
50 percent or more 1302 47 37 54 62 129 183 143 309 128 87 42 72 9 98673
Not reported or not computed 2545 136 105 213 228 214 436 224 461 232 125 27 118 25 76718
Median 16 9 11 12 13 14 15 16 18 18 18 19 20 23 ...
No regular monthly payments
required
972 126 72 65 55 48 76 52 56 34 17 9 17 345 49174

Real Estate Tax Per $1,000 Value

Acquired before 2000
31331 1126 1647 2089 2291 2730 5055 4039 6648 2694 1364 459 826 362 82706
Less than $5 7627 433 518 680 598 750 1305 830 1374 513 243 116 182 84 72127
$5 to $9 8326 180 379 400 582 720 1300 1021 1889 889 500 145 321 0 91784
$10 to $14 6816 186 267 412 471 497 1072 1041 1515 715 310 135 183 12 89543
$15 to $19 3618 135 217 203 243 353 585 469 879 274 160 29 64 8 82974
$20 to $24 2098 49 82 143 169 127 307 317 550 207 87 19 32 9 90535
$25 to $29 990 24 62 92 60 110 223 173 191 30 13 8 4 0 73169
$30 to $39 1605 115 117 160 168 172 263 188 248 66 51 8 41 10 65051
$40 to $49 7 4 4 0 0 0 0 0 0 0 0 0 0 0 20244
$50 to $59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$60 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported or not computed 243 0 0 0 0 0 0 0 4 0 0 0 0 239 125000
Median 10 9 9 10 10 9 10 11 10 10 9 9 9 4 ...
Acquired 2000 and 2001 (part) 5079 113 138 185 217 300 641 659 1324 638 319 190 291 65 109619

Real Estate Tax as Percent of Income

Acquired before 2000
31331 1126 1647 2089 2291 2730 5055 4039 6648 2694 1364 459 826 362 82706
Less than 1.0 percent 7411 444 609 672 662 760 1252 850 1229 446 204 97 125 63 68434
1.0 to 1.9 percent 5966 199 294 413 493 627 1001 823 1230 470 185 107 124 0 79126
2.0 to 2.9 percent 5511 104 278 265 375 367 926 770 1311 603 288 71 153 0 91422
3.0 to 3.9 percent 3524 60 105 149 216 284 576 493 906 368 201 51 111 3 95047
4.0 to 4.9 percent 2164 60 75 131 112 140 269 353 544 231 135 46 64 5 96561
5.0 to 7.4 percent 2428 56 90 154 143 210 340 337 594 254 131 35 81 3 93027
7.5 to 9.9 percent 774 26 37 37 38 62 119 95 198 68 56 11 27 0 94356
10.0 percent or more 1021 41 65 55 50 75 160 132 247 76 54 19 46 0 89770
Not reported or computed 2533 137 94 213 202 206 412 186 390 179 109 22 96 289 73179
Median 2.2 1.3 1.6 1.6 1.8 1.8 2.1 2.3 2.5 2.6 2.8 2.2 2.8 0.6 ...
Other properties 5079 113 138 185 217 300 641 659 1324 638 319 190 291 65 109619

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