Key Questions:

1. Who are the leading lenders in Spencer, Indiana?
   1. The leading lenders, by market share, are German American Bancorp, Beneficial Company Llc and Branch Banking And Trust Co. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Spencer, Indiana be in paying off their mortgage?
   1. Homeowners in Spencer, Indiana borrowed an average of 1.46 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, a significantly lower risk that Spencer, Indiana homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Spencer, Indiana to actually live in them?
   1. 95.2% of home owners in Spencer, 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%.
4. How at risk is Spencer, Indiana to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Spencer, Indiana than the national average in 2008. That is to say, Spencer, Indiana will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Spencer, Indiana - 6.7% 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 Spencer, Indiana than other areas of the US.