Key Questions:

1. How at risk is Vermillion, Indiana to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Vermillion, Indiana were meaningful more than the national average in 2006. That is to say, Vermillion, Indiana will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Vermillion, Indiana - 13.8% versus 12.0% - will reset to higher rates in 2008. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Vermillion, Indiana than other areas of the US.
2. How stretched will home owners in Vermillion, Indiana be in paying off their mortgage?
   1. Homeowners in Vermillion, Indiana borrowed an average of 1.27 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a significantly lower risk that Vermillion, Indiana homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Vermillion, Indiana?
   1. The leading lenders, by market share, are First Financial Bank Na, Old National Bank and Beneficial Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Vermillion, Indiana to actually live in them?
   1. 94.6% of home owners in Vermillion, Indiana 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%.