Skip Main Navigation Skip To Navigation Content

Residential Finance Survey

Skip top of page navigation
You are here: Census.govPeople and HouseholdsResidential Finance Survey MainData › ›

Residential Finance Survey: 2001 - West
Table 6-2e. Type of First Mortgage, Rental and Vacant 5- to 49-Housing-Unit Mortgaged Properties
^Number of mortgaged properties.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts Per Housing Unit, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, Interest and Principal Payments on First Mortgage as Percent of Rental Receipts and Real Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

Fixed rate mortgage
Total mortgaged
properties
Amortized Short term with
balloon payment
Adjustable rate
mortgage (ARM)
Other mortgage

5- to 49-housing-unit properties
with traditional first mortgage
99256 52763 6998 38288 1207

PROPERTY CHARACTERISTICS


Number of Housing Units

5 to 9 housing units
48864 24680 4603 19142 439
10 to 19 housing units 25783 12737 1263 11345 438
20 to 29 housing units 12829 7483 637 4441 268
30 to 39 housing units 6835 4495 319 2021 0
40 to 49 housing units 4945 3369 176 1339 62

Manner of Acquisition

By purchase
89208 46866 6266 35055 1021
Placed one new mortgage 71854 37922 5824 27640 468
Placed two or more new mortgages 5759 2807 122 2567 264
Assumed mortgage(s) already on property 7474 4241 40 2903 290
Assumed mortgage(s) already on property
and placed new mortgage
2127 413 280 1434 0
Borrowed using assets other than this
property as collateral
549 295 0 254 0
Paid all cash-no borrowing 1070 813 0 257 0
Other manner 376 376 0 0 0
By inheritance or gift 918 751 0 106 61
By divorce 187 187 0 0 0
By tax free exchange of
other property
2820 1478 89 1253 0
By foreclosure or assignment 322 121 0 201 0
By some other manner 941 630 0 245 67
Not reported 4860 2731 643 1428 58

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
40651 20975 4323 15084 269
Sale of stock or other partnership
shares for this project
1443 708 0 735 0
Sale of previously owned stocks,
shares, or other securities
1280 667 331 282 0
Sale of land or other real estate 8109 3243 479 4268 120
Owner's cash, bank deposits,
share accounts, or bonds
21660 10857 3200 7454 149
Borrowing from a retirement plan 1330 1005 0 325 0
Borrowing using assets other than this
property as collateral
2679 1288 55 1335 0
Proceeds from an insurance policy 362 273 0 89 0
From a state or local government source 515 380 34 101 0
From a non-profit organization 98 28 0 70 0
Proceeds from sale of tax credits 101 67 34 0 0
From parents or relatives 775 478 37 260 0
Other cash source 810 402 0 408 0
Non-cash source 194 69 30 95 0
No downpayment required 1522 1210 0 312 0
Not reported 4826 3693 508 625 0
Other properties 55460 29899 2032 22649 881
Not reported 3145 1890 643 555 58

Year Property Acquired

1999 to 2001 (part)
23597 11102 3203 8962 330
1997 and 1998 14228 7711 563 5896 58
1995 and 1996 7927 5344 1289 1294 0
1990 to 1994 15883 7642 1256 6776 211
1985 to 1989 16383 9395 280 6708 0
1980 to 1984 6402 2601 40 3151 609
1975 to 1979 7591 4617 298 2676 0
1970 to 1974 4900 2391 69 2440 0
1969 or earlier 2346 1961 0 385 0

Property New or Previously Owned When
Acquired

Acquired by purchase
89208 46866 6266 35055 1021
New 11735 7987 284 3381 82
Previously owned 76693 38392 5756 31606 939
As residential property 73325 36793 4525 31068 939
Converted from nonresidential use 3368 1599 1231 539 0
Other 480 222 226 32 0
Not reported 300 265 0 35 0
Other properties 5189 3167 89 1805 128
Not reported 4860 2731 643 1428 58

Year Structure Built

1999 to March 2000
5797 2886 1737 1175 0
1997 and 1998 2288 1604 0 684 0
1995 and 1996 1259 883 174 202 0
1990 to 1994 3954 1820 74 1946 115
1980 to 1989 13154 6797 461 5747 149
1970 to 1979 14604 8795 465 5175 170
1960 to 1969 22835 11891 1463 9453 28
1950 to 1959 12313 6658 96 5432 128
1940 to 1949 5208 1744 711 2754 0
1939 or earlier 17843 9687 1818 5721 617

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
33228 16075 3034 13850 269
Less than $20,000 2974 1891 124 960 0
$20,000 to $39,999 8291 3938 739 3495 120
$40,000 to $59,999 9907 4314 381 5063 149
$60,000 to $79,999 3923 1512 292 2119 0
$80,000 to $99,999 3303 1251 189 1863 0
$100,000 to $124,999 2585 1059 1176 350 0
$125,000 to $149,999 447 314 134 0 0
$150,000 to $174,999 337 337 0 0 0
$175,000 to $199,999 327 327 0 0 0
$200,000 to $249,999 239 239 0 0 0
$250,000 to $299,999 265 265 0 0 0
$300,000 to $499,999 0 0 0 0 0
$500,000 or more 457 457 0 0 0
Median 50625 49843 78749 49759 41937
Mean 65045 75464 69285 52729 35313
Other properties 66029 36688 3964 24438 939

Value

Less than $100,000
911 443 298 0 170
$100,000 to $199,999 5031 4154 566 311 0
$200,000 to $299,999 7794 4077 747 2904 67
$300,000 to $399,999 8448 3795 1402 3251 0
$400,000 to $499,999 12301 6091 0 5771 439
$500,000 to $749,999 20011 9250 1960 8532 269
$750,000 to $999,999 11297 5493 869 4844 91
$1,000,000 to $1,499,999 14326 8498 343 5484 0
$1,500,000 to $1,999,999 7478 3849 429 3139 61
$2,000,000 to $2,999,999 5878 3392 146 2311 28
$3,000,000 to $3,999,999 2673 1596 198 879 0
$4,000,000 to $4,999,999 1204 876 40 287 0
$5,000,000 or more 1904 1248 0 574 82
Median 689175 711395 561969 702387 483485
Mean 1041480 1118043 678635 1008969 829661

Value Per Housing Unit@8

Less than $20,000
5098 4028 298 502 270
$20,000 to $39,999 18822 11222 1701 5721 178
$40,000 to $59,999 23470 10337 2194 10322 616
$60,000 to $79,999 18546 9057 910 8518 61
$80,000 to $99,999 11799 7310 320 4169 0
$100,000 to $124,999 7777 2699 1176 3902 0
$125,000 to $149,999 3521 2105 0 1416 0
$150,000 to $174,999 2542 582 194 1766 0
$175,000 to $199,999 2153 1004 0 1067 82
$200,000 to $249,999 3186 2791 134 262 0
$250,000 to $299,999 96 96 0 0 0
$300,000 to $499,999 917 519 70 327 0
$500,000 or more 1329 1013 0 316 0
Median 62414 61755 53669 66101 45053
Mean 80657 83723 63967 80557 46593

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
48556 25212 4745 17917 682
Less than $5,000 10668 4188 2552 3929 0
$5,000 to $9,999 8214 4295 457 2989 472
$10,000 to $24,999 15295 9021 937 5189 149
$25,000 to $49,999 8678 4626 189 3802 61
$50,000 to $74,999 2038 868 146 1024 0
$75,000 to $99,999 527 396 0 131 0
$100,000 to $149,999 1504 1065 142 297 0
$150,000 to $199,999 618 249 134 236 0
$200,000 to $299,999 303 113 0 190 0
$300,000 or more 711 391 189 131 0
Median 15292 16856 4649 15900 8611
Mean 34224 35844 60381 25934 10120
Properties with no capital
improvements between 1998 and 2000
31275 15794 1060 14223 198
Capital improvements not
reported
19425 11758 1193 6148 327

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000
48556 25212 4745 17917 682
Less than $500 11914 5897 1248 4653 115
$500 to $999 11995 6287 1761 3441 506
$1,000 to $2,499 14520 8226 820 5413 61
$2,500 to $4,999 6097 2789 593 2715 0
$5,000 to $7,499 2092 906 0 1187 0
$7,500 to $9,999 314 0 0 314 0
$10,000 to $14,999 386 117 134 135 0
$15,000 to $19,999 923 864 0 59 0
$20,000 to $29,999 0 0 0 0 0
$30,000 or more 315 126 189 0 0
Median 1038 1077 819 1240 723
Mean 2618 2239 7724 1873 686
Properties with no capital
improvements between 1998 and 2000
31275 15794 1060 14223 198
Capital improvements not
reported
19425 11758 1193 6148 327

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
82740 45775 4709 31230 1026
Less than $100 2264 1313 388 393 170
$100 to $199 6403 4430 0 1915 58
$200 to $299 9078 4920 724 3400 33
$300 to $399 9741 7496 627 1618 0
$400 to $499 10099 4949 1624 2939 588
$500 to $599 12479 7114 452 4831 82
$600 to $799 9300 4560 34 4705 0
$800 to $999 12438 4760 425 7157 95
$1000 or more 10665 5961 433 4272 0
No rental receipts 273 273 0 0 0
Median 529 493 438 622 443
Mean 1617 2039 3917 691 394
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Rental Receipts as Percent of Value@8

Acquired before 2000
82740 45775 4709 31230 1026
Less than 5 percent 2706 1029 244 1351 82
5 to 9 percent 32488 20161 1043 11225 58
10 to 14 percent 30202 14071 2537 12835 758
15 to 19 percent 10323 5659 347 4284 33
20 to 24 percent 1451 766 34 622 28
25 to 29 percent 1691 1485 0 206 0
30 to 39 percent 1067 955 0 112 0
40 percent or more 2539 1376 504 593 67
Median 11 11 12 11 12
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
82740 45775 4709 31230 1026
Less than 1.0 percent 13592 5560 526 7067 439
1.0 to 2.9 percent 14935 6811 1204 6772 149
3.0 to 4.9 percent 12151 7303 395 4424 28
5.0 to 6.9 percent 4266 2560 69 1637 0
7.0 to 8.9 percent 5294 2544 412 2339 0
9.0 to 10.9 percent 3383 1700 571 963 149
11.0 to 12.9 percent 1672 1361 72 239 0
13.0 to 14.9 percent 1123 482 0 608 33
15.0 percent or more 5564 3697 578 1289 0
Not reported or not computed 20758 13756 883 5891 228
Median 3.4 4.0 3.9 2.7 0.9
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Age Restrictions

Property restricted to people
age 55 or older
20315 8011 2272 9756 277
Property not restricted to people
age 55 or older
76628 43107 4656 27993 872
Not reported 2313 1645 70 539 58

Age Composition

Over one-half the residents of the
building age 55 or older
2589 1806 104 679 0
Over one-half the residents of the
building not age 55 or older
71094 39314 4552 26356 872
Not reported 25573 11643 2342 11253 335

Meal Service Provided by Properties
Exclusively or Predominantly Occupied by
People Age 55 or Older

Property provides meal service
11268 4291 1203 5713 61
Charge included in rent 8655 3574 762 4258 61
Charge not included in rent 0 0 0 0 0
Not reported 2613 717 441 1455 0
Property does not provide meal
service
6119 3829 159 1982 149
Not reported 81870 44644 5636 30593 997

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
3445 2402 0 522 521
Government rental subsidy 12323 6925 794 4537 67
Government grant 900 835 34 31 0
Property tax relief 1521 1113 34 374 0
Federal income tax credit for
low-income, old or historic properties
1167 879 55 152 82
Accelerated federal income tax
depreciation for low- and
moderate-income properties
77 43 34 0 0
Subsidy from a non-profit corporation 194 87 0 107 0
None of the above benefits 72217 35656 5267 30733 561
Not reported 11265 8041 848 2318 58

Source of Property Benefits@1

With property benefits
15773 9067 882 5236 588
Federal government 10052 6324 589 2617 521
State government 2173 1130 0 1044 0
Local government 5543 2465 759 2252 67
Non-profit corporation 194 87 0 107 0
Not reported 505 253 0 253 0
With no property benefits 72217 35656 5267 30733 561
Not reported 11265 8041 848 2318 58

Reason for Benefits@1

With property benefits
15773 9067 882 5236 588
Occupied by low- or moderate-income
individuals
12853 7667 882 4221 82
Occupied by elderly or disabled
individuals
3690 2815 241 634 0
A historic structure 86 86 0 0 0
Located in a community development or
economic development area
763 591 0 91 82
Covered by a Homestead Exemption 0 0 0 0 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 486 0 0 47 439
Other reason 154 11 0 76 67
Not reported 1178 524 0 653 0
With no property benefits 72217 35656 5267 30733 561
Not reported 11265 8041 848 2318 58

Section 8 Rental Housing Certificates
and Vouchers

Property did or does have tenants
receiving Section 8 assistance
38929 21129 2721 14749 331
Property has never had tenants
receiving Section 8 assistance
50396 27009 3679 18890 818
Not reported 9931 4626 599 4649 58

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
68837 34382 3716 29767 972
Limited partnership 10824 6391 574 3777 82
Joint venture 713 646 0 67 0
General partnership 6495 3414 1622 1458 0
Life insurance company 113 113 0 0 0
Depository institution 83 83 0 0 0
Public real estate investment trust 204 34 0 112 58
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
6965 4967 508 1394 95
Housing cooperative organization 168 168 0 0 0
Non-profit or church-related institution 2312 1431 0 882 0
Pension fund 0 0 0 0 0
Fraternal organization 0 0 0 0 0
Other 2542 1135 577 830 0

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
90 90 0 0 0
By telephone or FAX 10143 4634 593 4916 0
By regular mail 9365 5502 170 3693 0
By personal visit 41450 20785 3268 16562 836
Through third party (such as real
estate agent or builder)
22449 12470 1472 8507 0
Some other way 2465 1531 448 486 0
Not reported 9794 5994 767 2832 202
Not available 3500 1758 280 1293 170

Origin of First Mortgage

Mortgage made at time property acquired
70009 36681 6297 26580 450
Mortgage assumed at the time property
acquired
7761 3650 280 3541 290
Mortgage placed later than acquisition of
property
21487 12432 421 8166 468
Refinanced mortgage 19896 11282 421 7726 468
Same lender 4647 3192 0 1455 0
Different lender 15250 8090 421 6271 468
Mortgage placed on property
owned free and clear of debt
1591 1150 0 440 0
Not available 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
21487 12432 421 8166 468
Obtain lower interest rate 8010 5269 0 2742 0
Increase payment period for mortgage 97 0 47 50 0
Reduce payment period for mortgage 232 191 40 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
1236 905 0 331 0
Receive cash or increase outstanding
balance of loan
9713 5098 293 3854 468
Other reason 1269 530 40 699 0
Not reported 929 438 0 491 0
Other properties 77769 40331 6577 30122 739
Not available 0 0 0 0 0

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

Properties on which cash
received
13791 7010 381 5933 468
Less than $100,000 4791 2130 293 2367 0
$100,000 to $199,999 3294 1391 0 1464 439
$200,000 to $299,999 1815 1262 0 553 0
$300,000 to $399,999 1780 1258 0 522 0
$400,000 to $499,999 747 211 88 449 0
$500,000 to $749,999 697 319 0 378 0
$750,000 to $999,999 244 137 0 79 28
$1,000,000 to $1,499,999 214 102 0 111 0
$1,500,000 to $1,999,999 59 49 0 10 0
$2,000,000 to $2,999,999 150 150 0 0 0
$3,000,000 to $3,999,999 0 0 0 0 0
$4,000,000 to $4,999,999 0 0 0 0 0
$5,000,000 or more 0 0 0 0 0
Not reported 0 0 0 0 0
Median 163895 198807 64951 140939 153236
Mean 226754 266780 123421 192648 143704
Properties that refinanced
and did not receive cash back
5922 4081 40 1801 0
Properties that refinanced
and did not report if received
cash back
1773 1342 0 432 0
Properties that did not
refinance
77769 40331 6577 30122 739
Not available 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
13791 7010 381 5933 468
For additions, improvements or repairs
to this property
5250 2663 40 2079 468
To consolidate debts 2104 961 270 872 0
For investment in other real estate 5859 2535 70 3253 0
For other types of investments 1190 383 0 807 0
For educational or medical expenses 537 537 0 0 0
To start a business 100 100 0 0 0
To settle a divorce 794 794 0 0 0
To pay taxes 593 542 0 51 0
To purchase an automobile, truck, or
other vehicle
118 118 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
260 260 0 0 0
Other 802 433 40 328 0
Not reported 128 128 0 0 0
Properties that refinanced
and did not receive cash back
5922 4081 40 1801 0
Properties that refinanced
and did not report if received
cash back
1773 1342 0 432 0
Properties that did not
refinance
77769 40331 6577 30122 739
Not available 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
31904 14306 3604 13636 358
1997 and 1998 19485 11725 534 7168 58
1995 and 1996 9678 5751 1359 2568 0
1990 to 1994 18431 9366 894 7549 621
1985 to 1989 12770 6127 239 6404 0
1980 to 1984 1193 760 0 263 170
1979 or earlier 5795 4728 367 699 0

First Mortgage Insurance Status

FHA-insured first mortgage
5693 4192 75 1426 0
VA-guaranteed first mortgage 0 0 0 0 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
2507 2236 244 27 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
3493 1779 323 1309 82
Insured conventional first mortgage 8592 5533 255 2268 535
Uninsured conventional first mortgage 78971 39023 6101 33257 591
Not reported 0 0 0 0 0

Traditional First Mortgage Loan

Less than $50,000
2612 2039 89 314 170
$50,000 to $99,999 2832 2247 501 84 0
$100,000 to $149,999 8049 4225 1732 2025 67
$150,000 to $199,999 10843 5720 541 4142 439
$200,000 to $249,999 8681 4627 612 3442 0
$250,000 to $299,999 8709 2459 0 6191 58
$300,000 to $399,999 10705 4974 431 5181 120
$400,000 to $499,999 9838 5866 406 3418 149
$500,000 to $749,999 17303 8271 1927 7011 94
$750,000 to $999,999 6078 3058 342 2679 0
$1,000,000 to $1,499,999 5980 3488 353 2029 110
$1,500,000 to $1,999,999 2513 1587 37 889 0
$2,000,000 or more 1636 854 30 752 0
Not reported 3478 3347 0 130 0
Median 345838 352201 301440 347001 191743
Mean 488238 493766 392038 503319 342965

Total Mortgage Loan

Less than $50,000
2612 2039 89 314 170
$50,000 to $99,999 2797 2212 501 84 0
$100,000 to $149,999 6679 3253 1452 1907 67
$150,000 to $199,999 10668 5756 821 3652 439
$200,000 to $249,999 8034 4410 426 3199 0
$250,000 to $299,999 8587 2510 186 5833 58
$300,000 to $399,999 10930 5046 360 5404 120
$400,000 to $499,999 9232 5346 476 3261 149
$500,000 to $749,999 18812 9386 1828 7503 94
$750,000 to $999,999 6708 3101 303 3304 0
$1,000,000 to $1,499,999 5753 3519 490 1715 28
$1,500,000 to $1,999,999 3055 1898 37 1038 82
$2,000,000 or more 1914 941 30 944 0
Not reported 3478 3347 0 130 0
Median 363916 370946 301721 366090 187085
Mean 515801 522969 406359 531543 359256

Traditional First Mortgage Outstanding
Debt

Less than $50,000
4373 3287 89 827 170
$50,000 to $99,999 7091 4701 1700 623 67
$100,000 to $149,999 11828 5948 919 4521 439
$150,000 to $199,999 9733 5827 541 3365 0
$200,000 to $249,999 9131 2914 390 5827 0
$250,000 to $299,999 6723 2628 127 3910 58
$300,000 to $399,999 11103 5334 256 5244 269
$400,000 to $499,999 10349 5570 513 4232 33
$500,000 to $749,999 12728 5874 1799 4994 61
$750,000 to $999,999 4860 2982 388 1491 0
$1,000,000 to $1,499,999 4883 2814 210 1748 110
$1,500,000 to $1,999,999 1699 857 37 805 0
$2,000,000 or more 1280 680 30 570 0
Not reported 3478 3347 0 130 0
Median 286333 280494 229675 294925 141743
Mean 422716 421445 354569 440210 316825

Total Mortgage Outstanding Debt

Less than $50,000
4050 2965 89 827 170
$50,000 to $99,999 6310 3986 1700 557 67
$100,000 to $149,999 11741 5948 884 4469 439
$150,000 to $199,999 9483 5863 541 3079 0
$200,000 to $249,999 8252 2965 204 5084 0
$250,000 to $299,999 7426 2628 313 4427 58
$300,000 to $399,999 10039 4619 186 5114 120
$400,000 to $499,999 10977 6440 583 3772 182
$500,000 to $749,999 13819 6117 1736 5905 61
$750,000 to $999,999 5033 3057 384 1592 0
$1,000,000 to $1,499,999 4978 3002 313 1553 110
$1,500,000 to $1,999,999 2178 1081 37 1060 0
$2,000,000 or more 1493 746 30 718 0
Not reported 3478 3347 0 130 0
Median 296892 296448 259985 302071 141743
Mean 431645 421136 367050 461271 325766

Current Interest Rate on First Mortgage

Less than 6.0 percent
43188 24093 3407 14838 849
6.0 percent 1058 381 0 677 0
6.1 to 6.4 percent 3540 316 0 3224 0
6.5 to 6.9 percent 5838 368 1272 4198 0
7.0 percent 7256 4587 121 2548 0
7.1 to 7.4 percent 4047 717 204 3127 0
7.5 to 7.9 percent 3566 1164 132 2151 120
8.0 percent 2469 1779 0 601 89
8.1 to 8.4 percent 2049 905 400 595 149
8.5 to 8.9 percent 5012 1314 154 3544 0
9.0 percent 1305 863 313 129 0
9.1 to 9.4 percent 1047 712 0 334 0
9.5 to 9.9 percent 964 504 460 0 0
10.0 percent 730 385 315 31 0
10.1 to 10.4 percent 234 234 0 0 0
10.5 to 10.9 percent 285 214 0 70 0
11.0 percent 1222 1222 0 0 0
11.1 to 12.9 percent 1361 1080 221 60 0
13.0 percent 273 273 0 0 0
13.1 percent or more 13814 11654 0 2160 0
Not reported 0 0 0 0 0
Median 6.7 7.0 6.5 6.5 4.3

Type of Interest Rate Buydown

Properties with interest rate
buydown
223 55 0 167 0
Constant payment 55 55 0 0 0
3-2-1 buydown 0 0 0 0 0
Other 167 0 0 167 0
Not reported 0 0 0 0 0
Properties without interest
rate buydown
34866 8495 3455 22476 440
Not reported 64167 44213 3543 15644 767

Term of First Mortgage

Less than 5 years
670 0 186 484 0
5 years 2234 416 1710 48 61
6 to 9 years 746 119 70 557 0
10 years 3484 1357 1114 865 148
11 to 14 years 32 32 0 0 0
15 years 4432 1316 430 2686 0
16 to 19 years 0 0 0 0 0
20 years 1541 846 0 695 0
21 to 24 years 0 0 0 0 0
25 years 604 122 0 333 149
26 to 29 years 89 55 0 34 0
30 years 31428 6898 75 24455 0
More than 30 years 1617 1250 0 285 82
No stated term 52379 40353 3413 7846 767
Median 30 30 6 30 25

Unexpired Term of First Mortgage

Less than 5 years
2209 544 661 1004 0
5 to 9 years 7724 2298 2509 2707 209
10 to 14 years 2880 1017 280 1583 0
15 to 19 years 8048 1756 96 6197 0
20 to 24 years 8759 2690 0 5921 149
25 to 29 years 13267 3105 40 10121 0
30 or more years 3990 1000 0 2908 82
No stated term or not computed 52379 40353 3413 7846 767
Median 21 21 7 23 20

Holder of First Mortgage

Commercial bank or trust company
18622 9410 2710 6346 157
Savings and loan association, federal
savings bank
23670 5440 428 17094 708
Mutual savings bank 1941 1075 0 867 0
Life insurance company 2417 1795 204 418 0
Mortgage banker or mortgage company 6691 701 72 5919 0
Federally-sponsored secondary market
agency or pool
27396 21257 1648 4399 91
Conventional mortgage pool 64 64 0 0 0
Other federal agency 2200 1848 134 48 170
Real estate investment trust 0 0 0 0 0
Pension or retirement fund 186 0 40 145 0
Credit union 1819 948 223 649 0
Finance company 855 522 0 333 0
State or municipal government or
housing finance agency
3813 3200 198 333 82
Individual or individual's estate 5780 4185 755 840 0
Other 3804 2319 587 898 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
70182 35851 6068 27709 553
Less than 40 percent 3353 2084 220 1049 0
40 to 49 percent 2354 1274 344 735 0
50 to 59 percent 6444 2695 671 3078 0
60 to 69 percent 9763 5305 859 3331 269
70 to 79 percent 15598 6478 690 8397 33
80 to 89 percent 10047 4891 814 4342 0
90 to 94 percent 2609 2012 276 321 0
95 to 99 percent 1677 1080 280 318 0
100 percent or more 15278 7104 1914 6009 252
Not reported 3059 2929 0 130 0
Median 77 78 83 77 72
Other properties 29075 16913 930 10578 654
Not available 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
70182 35851 6068 27709 553
Less than 40 percent 5898 1785 1583 2530 0
40 to 49 percent 1990 1368 30 593 0
50 to 59 percent 5266 1961 587 2717 0
60 to 69 percent 18413 8812 1264 8069 269
70 to 79 percent 17788 6566 885 10052 285
80 to 89 percent 7337 4623 829 1884 0
90 to 94 percent 2101 1699 315 87 0
95 to 99 percent 1060 1060 0 0 0
100 percent or more 7543 5320 576 1647 0
Not reported 2786 2656 0 130 0
Median 71 74 67 70 70
Other properties 29075 16913 930 10578 654
Not available 0 0 0 0 0

First Mortgage Risk

Subprime loan
6315 5714 75 527 0
Not subprime loan 92941 47050 6923 37761 1207
Not reported 0 0 0 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
39495 0 0 38288 1207
Treasury security 3754 0 0 3486 269
Average cost of funds in bank district 21329 0 0 21329 0
National average cost of funds 448 0 0 448 0
OTS contract mortgage rate 0 0 0 0 0
Other method 4229 0 0 4200 28
No index used 143 0 0 0 143
Not reported 9592 0 0 8824 767
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
39495 0 0 38288 1207
Monthly 21158 0 0 21158 0
Every 3 months 1051 0 0 1051 0
Every 6 months 4004 0 0 4004 0
Yearly 1742 0 0 1474 269
Every 3 years 255 0 0 255 0
Every 5 years 720 0 0 691 28
Other 710 0 0 710 0
Not reported 9855 0 0 8945 910
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
39495 0 0 38288 1207
Less than 1 percent 1853 0 0 1853 0
1 percent 51 0 0 51 0
1.1 to 1.9 percent 1093 0 0 1093 0
2 percent 1728 0 0 1728 0
2.1 to 2.9 percent 1540 0 0 1391 149
3 percent 601 0 0 601 0
3.1 to 3.9 percent 442 0 0 442 0
4.0 percent or more 1314 0 0 1314 0
No caps 19860 0 0 19711 148
Not reported 11013 0 0 10103 910
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
39495 0 0 38288 1207
Less than 1 percent 1624 0 0 1624 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 0 0 0 0 0
2.1 to 2.9 percent 166 0 0 166 0
3 percent 448 0 0 448 0
3.1 to 3.9 percent 456 0 0 456 0
4.0 percent or more 17115 0 0 16967 149
No caps 5587 0 0 5559 28
Not reported 14099 0 0 13069 1030
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
39495 0 0 38288 1207
Yes, rate has changed 27116 0 0 26935 181
No change since mortgage made 2234 0 0 1975 259
Not reported 10145 0 0 9378 767
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
39495 0 0 38288 1207
Less than 1 percent 82 0 0 0 82
1 percent 0 0 0 0 0
1.1 to 1.9 percent 45 0 0 45 0
2 percent 1189 0 0 1189 0
2.1 to 2.9 percent 22484 0 0 22307 177
3 percent 1807 0 0 1807 0
3.1 to 3.9 percent 2557 0 0 2437 120
4 percent 71 0 0 71 0
4.1 to 4.9 percent 311 0 0 311 0
5 percent or more 67 0 0 67 0
Not reported 10882 0 0 10053 828
Median 2.6 0.0 0.0 2.6 2.6
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
39495 0 0 38288 1207
Can be converted 1716 0 0 1716 0
Cannot be converted 20187 0 0 19836 350
Not reported 17592 0 0 16735 857
Other properties 59761 52763 6998 0 0
Not reported 0 0 0 0 0

Change in Monthly Interest and Principal
Payments Other Than Change in Interest
Rate

Monthly payments can change
(other than change in interest
ra
7224 0 0 7224 0
Payments can change monthly 70 0 0 70 0
Payments can change every three months 326 0 0 326 0
Payments can change every six months 309 0 0 309 0
Payments can change yearly 6310 0 0 6310 0
Payments can change every 3 years 209 0 0 209 0
Payments can change every 5 years 0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Monthly payments cannot
change
81764 52763 6998 21562 440
Not reported 10269 0 0 9502 767

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
7224 0 0 7224 0
Yes, unrestricted negative amortization 163 0 0 163 0
Yes, restricted negative amortization 5642 0 0 5642 0
No negative amortization allowed 1359 0 0 1359 0
Not reported 60 0 0 60 0
Monthly payments cannot change 81764 52763 6998 21562 440
Not reported 10269 0 0 9502 767

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
94019 49987 6684 36223 1125
Interest and principal 93757 49987 6457 36188 1125
Fully amortized 80222 47178 0 32128 916
Not fully amortized 13535 2809 6457 4060 209
Interest only 262 0 227 35 0
No regular payments required 2066 123 315 1546 82
Not reported 3172 2653 0 518 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
93757 49987 6457 36188 1125
Real estate taxes 12804 2425 405 9706 269
Property insurance 5988 2101 366 3401 120
Mortgage insurance 816 344 0 472 0
Other 2472 576 55 1841 0
No items included or not reported 80135 47521 5849 25908 857
No regular payments of interest
and principal
5499 2776 541 2100 82

Monthly Interest and Principal
Payments on First Mortgage Per
Housing Unit

Regular monthly payments of
interest and/or principal
97191 52640 6684 36742 1125
Less than $100 9496 6299 829 2198 170
$100 to $199 23111 11791 1423 9247 650
$200 to $299 27753 13002 2059 12454 238
$300 to $399 12575 7316 354 4838 67
$400 to $499 7315 4377 106 2832 0
$500 to $599 3259 698 477 2083 0
$600 to $699 2388 1917 0 471 0
$700 to $799 1392 1011 0 381 0
$800 to $899 1112 695 0 416 0
$900 to $999 1207 0 1176 30 0
$1,000 to $1,249 898 595 70 232 0
$1,250 to $1,499 96 96 0 0 0
$1,500 or more 3417 2189 189 1039 0
Not reported 3172 2653 0 518 0
Median 252 253 253 254 160
Mean 513 520 1474 336 147
No regular payments required 2066 123 315 1546 82

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
97191 52640 6684 36742 1125
Up-to-date, ahead of schedule, or
less than 90 days past due
39913 8563 3236 27756 358
Delinquent by 90 days or more 172 76 0 96 0
Legal proceedings have begun 0 0 0 0 0
Legal proceedings have not begun 172 76 0 96 0
Not reported 0 0 0 0 0
Not reported 57105 44002 3447 8889 767
Other properties 2066 123 315 1546 82

Monthly Interest and Principal Payments
on Total Mortgages Per Housing Unit

Regular monthly payments of
interest and/or principal
97191 52640 6684 36742 1125
Less than $100 11888 8620 520 2578 170
$100 to $199 22365 11213 1512 8990 650
$200 to $299 28212 13305 2177 12492 238
$300 to $399 12361 6841 457 4996 67
$400 to $499 7193 4160 106 2927 0
$500 to $599 3976 1861 477 1639 0
$600 to $699 2436 1664 0 772 0
$700 to $799 1909 1339 0 570 0
$800 to $899 1174 758 0 416 0
$900 to $999 1207 0 1176 30 0
$1,000 to $1,249 851 549 70 232 0
$1,250 to $1,499 202 142 0 60 0
$1,500 or more 3417 2189 189 1039 0
Not reported 0 0 0 0 0
Median 251 249 260 254 160
Mean 505 504 1480 340 150
No regular payments required 2066 123 315 1546 82

Interest and Principal Payment on
First Mortgage as Percent of Rental
Receipts

Acquired before 2000 and
regular payments of interest
and/or princi
78429 43840 4395 29249 944
Less than 20 percent 7118 4288 175 2655 0
20 to 29 percent 11438 4461 405 6133 439
30 to 39 percent 13555 6560 921 6045 28
40 to 49 percent 12680 6704 431 5374 170
50 to 59 percent 9422 6221 942 2010 249
60 to 69 percent 4975 3675 496 803 0
70 to 79 percent 4610 4119 0 433 58
80 to 89 percent 1754 871 223 660 0
90 to 99 percent 1049 322 70 657 0
100 percent or more 11554 6344 732 4478 0
Not reported or not computed 273 273 0 0 0
Median 45 50 53 40 40
Other properties 20828 8923 2603 9038 263

Interest and Principal Payment on Total
Mortgages as Percent of Rental Receipts

Acquired before 2000 and regular
payments of interest and/or
principal
78877 43840 4395 29698 944
Less than 20 percent 7201 4018 145 3038 0
20 to 29 percent 10936 4055 400 6042 439
30 to 39 percent 12951 6371 641 5910 28
40 to 49 percent 12674 6828 711 4965 170
50 to 59 percent 9310 5758 977 2326 249
60 to 69 percent 5890 4206 496 1189 0
70 to 79 percent 4686 4195 0 433 58
80 to 89 percent 2296 1413 223 660 0
90 to 99 percent 990 322 70 597 0
100 percent or more 11670 6401 732 4538 0
Not reported or not computed 273 273 0 0 0
Median 46 51 53 40 40
Other properties 20379 8923 2603 8590 263

Real Estate Tax Per $1,000 Value

Acquired before 2000
82740 45775 4709 31230 1026
Less than $5 21006 13350 670 6699 288
$5 to $9 30277 16145 1587 12077 468
$10 to $14 20725 9021 1231 10440 33
$15 to $19 4326 2680 555 921 170
$20 to $24 1144 1043 55 46 0
$25 to $29 912 643 0 269 0
$30 to $39 3505 2180 612 646 67
$40 to $49 0 0 0 0 0
$50 to $59 0 0 0 0 0
$60 or more 0 0 0 0 0
Not reported or not computed 843 713 0 130 0
Median 8 8 10 9 7
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
82740 45775 4709 31230 1026
Less than 5 percent 15622 8762 1019 5597 244
5 to 9 percent 38845 20722 1803 15708 612
10 to 14 percent 16656 10262 1051 5173 170
15 to 19 percent 4911 2788 186 1937 0
20 to 24 percent 2441 389 0 2052 0
25 to 29 percent 961 817 108 36 0
30 to 34 percent 989 332 452 205 0
35 to 39 percent 159 159 0 0 0
40 percent or more 1040 557 90 393 0
Not reported or not computed 1116 986 0 130 0
Median 8 8 9 8 7
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Property Management

Property managed by paid property
management company
53166 27148 4682 20385 951
Property not managed by paid property
management company
39241 21486 1921 15635 198
Not reported 6850 4130 395 2267 58

Property Management and Administration
Expenses Per Housing Unit

Acquired before 2000
82740 45775 4709 31230 1026
Less than $100 1401 467 0 934 0
$100 to $199 3422 1358 449 1615 0
$200 to $299 6106 3091 227 2755 33
$300 to $399 6096 3078 528 2490 0
$400 to $499 5595 3259 329 1419 588
$500 to $599 5166 1645 358 3162 0
$600 to $699 3047 1497 208 1276 67
$700 to $799 2167 1465 0 702 0
$800 to $899 1219 789 0 319 110
$900 to $999 602 180 0 422 0
$1,000 to $1,249 2749 2117 186 446 0
$1,250 to $1,499 1172 564 34 574 0
$1,500 to $1,999 1086 876 40 169 0
$2,000 to $2,499 446 84 0 362 0
$2,500 or more 1503 946 504 54 0
No expenses 28074 16458 1364 10252 0
Not reported or not computed 12888 7899 482 4280 228
Median 469 483 469 439 462
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Maintenance and Repair Expenses
Per Housing Unit

Acquired before 2000
82740 45775 4709 31230 1026
Less than $100 742 363 252 127 0
$100 to $199 2956 2069 0 886 0
$200 to $299 5939 3220 349 2369 0
$300 to $399 4331 2759 45 1494 33
$400 to $499 6160 2668 730 2503 259
$500 to $599 5440 2760 333 2281 67
$600 to $699 4808 3154 0 1654 0
$700 to $799 6439 3482 40 2916 0
$800 to $899 3851 1616 327 1908 0
$900 to $999 2650 1164 0 1487 0
$1,000 to $1,249 6095 3285 277 2533 0
$1,250 to $1,499 3866 2491 135 1241 0
$1,500 to $1,999 4832 1836 745 1812 439
$2,000 to $2,499 2293 1139 121 1032 0
$2,500 or more 5186 2380 824 1982 0
No expenses 1448 851 47 379 170
Not reported or not computed 15704 10537 484 4626 58
Median 738 706 1011 762 1546
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

Utility and Fuel Expenses Per Housing Unit

Acquired before 2000
82740 45775 4709 31230 1026
Less than $250 7291 3423 706 3013 149
$250 to $499 21042 10996 1172 8402 472
$500 to $749 20782 11743 1258 7715 67
$750 to $999 9130 4433 347 4182 168
$1,000 to $1,249 3869 1780 113 1976 0
$1,250 to $1,499 1349 899 127 323 0
$1,500 to $1,749 506 70 0 436 0
$1,750 to $1,999 138 57 0 81 0
$2,000 to $2,499 59 59 0 0 0
$2,500 or more 1824 824 504 496 0
No expenses 2745 1941 0 634 170
Not reported or not computed 14006 9549 484 3973 0
Median 556 558 547 561 398
Acquired 2000 and 2001 (part) 16517 6989 2289 7058 181

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