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Key Questions:

    1. How at risk is Kane, Illinois to the subprime mortgage crisis?
    2. Loans taken out by home owners in Kane, Illinois are within a +/- 10 percent band of the national average. That is to say, Kane, Illinois will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Kane, Illinois be in paying off their mortgage?
    2. Homeowners in Kane, Illinois borrowed an average of 1.89 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Kane, Illinois homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Kane, Illinois?
    2. The leading lenders, by market share, are Countrywide Home Loans, Washington Mutual Bank and Wells Fargo Bank, Na. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Kane, Illinois to actually live in them?
    2. 93.9% of home owners in Kane, Illinois that applied for a mortgage in 2006 live in their homes versus owning them as an investment property. This compares to the national average of 89.0%.
2006 Mortgage Research Kane Illinois US
Total Applications 66,327 1,378,587 33,304,682
Average Loan $176.1k $173.9k $184.9k
Loan to Income Ratio 1.89 1.81 1.83
Subprime Loans 12.71% 13.38% 11.98%
Refinancing Loans 50.22% 50.65% 50.05%
Principal Dwellings 93.87% 90.76% 88.97%
Rejected Applications 11.26% 13.14% 12.36%

Nearby Counties:   Dekalb, Kendall, Dupage, Mchenry, Boone

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 7.91% 5,249
2 Washington Mutual Bank 3.84% 2,545
3 Wells Fargo Bank, Na 3.46% 2,293
4 Jpmorgan Chase Bank 3.11% 2,062
5 Citimortgage, Inc 2.96% 1,966
6 National City Bank 2.75% 1,827
7 Argent Mortgage Company 2.26% 1,498
8 Countrywide Bank, N.A. 2.22% 1,470
9 First Nlc Financial Services, 2.00% 1,329
10 Lasalle Bank Na 1.96% 1,300