Lending information for Georgia - Market Share of Lenders

1. The leading lenders, by market share, are Countrywide Bank, Fsb, Suntrust Mortgage, Inc and Wells Fargo Bank, Na. Do you have the best rate possible? Find out your credit score or browse
1. Homeowners in Georgia borrowed an average of 1.88 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Georgia homeowners will default on their mortgage payments in the coming years.
1. 87.6% of home owners in Georgia that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
1. There were significantly more subprime loans taken out by home owners in Georgia than the national average in 2008. That is to say, Georgia will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Georgia - 6.2% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Georgia than other areas of the US.

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