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Key Questions:

    1. Who are the leading lenders in Porter, Indiana?
    2. The leading lenders, by market share, are Jpmorgan Chase Bank, Na, Countrywide Bank, Fsb and Gmac Mortgage Llc. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Porter, Indiana be in paying off their mortgage?
    2. Homeowners in Porter, Indiana borrowed an average of 1.86 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 Porter, Indiana homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Porter, Indiana to actually live in them?
    2. 94.3% of home owners in Porter, 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 Porter, Indiana to the subprime mortgage crisis?
    2. Loans taken out by home owners in Porter, Indiana are within a +/- 10 percent band of the national average. That is to say, Porter, Indiana will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Porter Indiana US
Total Applications 10,046 348,681 17,391,570
Average Loan $161.1k $123.2k $198.2k
Loan to Income Ratio 1.86 1.64 1.97
Subprime Loans 5.26% 5.99% 4.81%
Refinancing Loans 59.26% 56.17% 52.52%
Principal Dwellings 94.29% 92.90% 90.00%
Rejected Applications 10.86% 14.00% 15.15%

Nearby Counties:   Lake, Laporte, Jasper, Starke, Pulaski

INDIANA Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Jpmorgan Chase Bank, Na 10.30% 1,073
2 Countrywide Bank, Fsb 7.85% 826
3 Gmac Mortgage Llc 3.84% 333
4 Beneficial Company Llc 3.81% 381
5 Fifth Third Mortgage Company 3.78% 382
6 Wells Fargo Bank, Na 3.69% 386
7 Centier Bank 3.68% 468
8 Flagstar Bank 3.39% 324
9 Franklin American Mortgage Co 3.27% 284
10 Citimortgage, Inc 3.01% 289