Residential Finance Survey

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