Key Questions:

1. Who are the leading lenders in Effingham, Illinois?
   1. The leading lenders, by market share, are Midland States Bank, Jpmorgan Chase Bank, Na and Fifth Third Mortgage Company. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Effingham, Illinois be in paying off their mortgage?
   1. Homeowners in Effingham, Illinois borrowed an average of 1.59 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 Effingham, Illinois homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Effingham, Illinois to actually live in them?
   1. 94.4% of home owners in Effingham, Illinois 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%.
4. How at risk is Effingham, Illinois to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Effingham, Illinois than the national average in 2008. That is to say, Effingham, Illinois will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Effingham, Illinois - 7.2% 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 Effingham, Illinois than other areas of the US.