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Key Questions:

    1. Who are the leading lenders in Gordon, Georgia?
    2. The leading lenders, by market share, are Taylor, Bean & Whitaker, Countrywide Bank, Fsb and Regions Bank. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Gordon, Georgia be in paying off their mortgage?
    2. Homeowners in Gordon, Georgia borrowed an average of 1.79 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 Gordon, Georgia homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Gordon, Georgia to actually live in them?
    2. 88.0% of home owners in Gordon, 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. How at risk is Gordon, Georgia to the subprime mortgage crisis?
    2. There were significantly more subprime loans taken out by home owners in Gordon, Georgia than the national average in 2008. That is to say, Gordon, Georgia will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Gordon, Georgia - 7.7% 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 Gordon, Georgia than other areas of the US.
2008 Mortgage Research Gordon Georgia US
Total Applications 2,991 583,802 17,391,570
Average Loan $126.2k $169.3k $198.2k
Loan to Income Ratio 1.79 1.88 1.97
Subprime Loans 7.72% 6.17% 4.81%
Refinancing Loans 62.92% 56.74% 52.52%
Principal Dwellings 88.00% 87.59% 90.00%
Rejected Applications 11.07% 13.63% 15.15%

Nearby Counties:   Bartow, Murray, Whitfield, Pickens, Floyd

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Top Ten Lenders
# Name Share Apps
1 Taylor, Bean & Whitaker 6.70% 151
2 Countrywide Bank, Fsb 6.21% 196
3 Regions Bank 5.99% 113
4 Jpmorgan Chase Bank, Na 5.75% 199
5 Georgia Bank And Trust 5.48% 226
6 Synovus Mortgage Corporation 5.33% 132
7 Beneficial Company Llc 5.28% 146
8 Colonial Bank 4.77% 131
9 Branch Banking And Trust Co 3.05% 152
10 Wells Fargo Funding, Inc 3.01% 75