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Residential Finance Survey: 2001 - United States
Table 4-13. Home Equity Lines of Credit, Rental and Vacant 1-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

1-housing-unit properties with
a home equity line of credit
35 5 30

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)
0 0 0
1997 and 1998 0 0 0
1995 and 1996 0 0 0
1990 to 1994 0 0 0
1985 to 1989 15 5 10
1980 to 1984 0 0 0
1975 to 1979 12 0 12
1970 to 1974 0 0 0
1969 or earlier 9 0 9

Year Structure Built

1999 to March 2000
0 0 0
1997 and 1998 0 0 0
1995 and 1996 0 0 0
1990 to 1994 0 0 0
1980 to 1989 10 0 10
1970 to 1979 0 0 0
1960 to 1969 10 5 5
1950 to 1959 9 0 9
1940 to 1949 0 0 0
1939 or earlier 6 0 6

Value

Less than $20,000
0 0 0
$20,000 to $39,999 0 0 0
$40,000 to $59,999 0 0 0
$60,000 to $79,999 0 0 0
$80,000 to $99,999 6 0 6
$100,000 to $124,999 10 5 5
$125,000 to $149,999 0 0 0
$150,000 to $174,999 9 0 9
$175,000 to $199,999 0 0 0
$200,000 to $249,999 10 0 10
$250,000 to $299,999 0 0 0
$300,000 to $499,999 0 0 0
$500,000 or more 0 0 0
Median 152612 112500 160070
Mean 138477 100000 144954

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
35 5 30
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
0 0 0
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
15 5 10
Provide funds for consolidation of debt 0 0 0
Provide funds for investment in other
real estate
0 0 0
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 20 0 20

Outstanding Debt on Home Equity Line
of Credit

Properties with unpaid balance
on home equity line of credit
35 5 30
Less than $5,000 0 0 0
$5,000 to $9,999 12 0 12
$10,000 to $14,999 0 0 0
$15,000 to $19,999 5 5 0
$20,000 to $29,999 0 0 0
$30,000 to $39,999 9 0 9
$40,000 to $49,999 0 0 0
$50,000 to $59,999 10 0 10
$60,000 to $79,999 0 0 0
$80,000 to $99,999 0 0 0
$100,000 or more 0 0 0
Not reported 0 0 0
Median 31045 17500 34028
Mean 28731 18756 30410
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 0 0 0
5.0 percent 0 0 0
5.1 to 5.4 percent 0 0 0
5.5 to 5.9 percent 14 0 14
6.0 percent 0 0 0
6.1 to 6.4 percent 0 0 0
6.5 to 6.9 percent 0 0 0
7.0 percent 5 5 0
7.1 to 7.4 percent 0 0 0
7.5 to 7.9 percent 10 0 10
8.0 percent 0 0 0
8.1 to 9.9 percent 0 0 0
10 percent or more 6 0 6
Median 35.4 5.1 30.3

Points Paid as Interest on
Home Equity Line

No points
29 5 24
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 6 0 6

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

Properties with adjustable rate
home equity line
25 5 20
Less than 1 percent 0 0 0
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 19 5 14
Not reported 6 0 6
Other properties 10 0 10

Caps on Interest Rate Change Over
Life of Home Equity Line

Properties with adjustable rate
home equity line
25 5 20
Less than 1 percent 0 0 0
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 19 5 14
No caps 0 0 0
Not reported 6 0 6
Other properties 10 0 10

Holder of Home Equity Line of Credit

Commercial bank or trust company
19 5 14
Savings and loan association, federal
savings bank
0 0 0
Mutual savings bank 0 0 0
Credit union 10 0 10
Finance company 0 0 0
Other 6 0 6

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal Payments on
Home Equity Line of Credit

Regular monthly payments of
interest and/o
29 5 24
Less than $100 0 0 0
$100 to $199 0 0 0
$200 to $299 0 0 0
$300 to $399 5 5 0
$400 to $499 10 0 10
$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 14 0 14
Median 425 350 450
Mean 453 375 492
No regular monthly payments
required
0 0 0
Not reported 6 0 6

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