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Key Questions:

    1. Who are the leading lenders in Brown, Indiana?
    2. The leading lenders, by market share, are Fifth Third Mortgage Company, Countrywide Bank, Fsb and Jpmorgan Chase Bank, Na. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Brown, Indiana be in paying off their mortgage?
    2. Homeowners in Brown, Indiana borrowed an average of 1.66 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 Brown, Indiana homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Brown, Indiana to actually live in them?
    2. 83.0% of home owners in Brown, Indiana 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 Brown, Indiana to the subprime mortgage crisis?
    2. Loans taken out by home owners in Brown, Indiana are within a +/- 10 percent band of the national average. That is to say, Brown, Indiana will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Brown Indiana US
Total Applications 1,137 348,681 17,391,570
Average Loan $145.4k $123.2k $198.2k
Loan to Income Ratio 1.66 1.64 1.97
Subprime Loans 4.31% 5.99% 4.81%
Refinancing Loans 63.85% 56.17% 52.52%
Principal Dwellings 83.03% 92.90% 90.00%
Rejected Applications 11.79% 14.00% 15.15%

Nearby Counties:   Monroe, Johnson, Bartholomew, Jackson, Morgan

INDIANA Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Fifth Third Mortgage Company 8.75% 79
2 Countrywide Bank, Fsb 8.02% 81
3 Jpmorgan Chase Bank, Na 6.72% 79
4 Wells Fargo Bank, Na 4.80% 53
5 Gmac Mortgage Llc 4.35% 36
6 Beneficial Company Llc 4.16% 44
7 Lincoln Bank 3.92% 54
8 Citimortgage, Inc 3.76% 32
9 Advanced Financial Services In 3.02% 32
10 Branch Banking And Trust Co 2.86% 31