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Key Questions:

    1. Who are the leading lenders in Warrick, Indiana?
    2. The leading lenders, by market share, are Old National Bank, Fifth Third Mortgage Company and Regions Bank. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Warrick, Indiana be in paying off their mortgage?
    2. Homeowners in Warrick, Indiana borrowed an average of 1.58 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 Warrick, Indiana homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Warrick, Indiana to actually live in them?
    2. 96.1% of home owners in Warrick, 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 Warrick, Indiana to the subprime mortgage crisis?
    2. Loans taken out by home owners in Warrick, Indiana are within a +/- 10 percent band of the national average. That is to say, Warrick, Indiana will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Warrick Indiana US
Total Applications 3,498 348,681 17,391,570
Average Loan $141.8k $123.2k $198.2k
Loan to Income Ratio 1.58 1.64 1.97
Subprime Loans 4.92% 5.99% 4.81%
Refinancing Loans 55.52% 56.17% 52.52%
Principal Dwellings 96.05% 92.90% 90.00%
Rejected Applications 9.43% 14.00% 15.15%

Nearby Counties:   Spencer, Pike, Vanderburgh, Gibson, Dubois

INDIANA Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Old National Bank 6.62% 275
2 Fifth Third Mortgage Company 5.90% 162
3 Regions Bank 5.47% 29
4 Countrywide Bank, Fsb 5.25% 197
5 Beneficial Company Llc 5.13% 191
6 Citimortgage, Inc 4.25% 134
7 Lynnville National Bank 4.00% 172
8 Heritage Federal Credit Union 3.98% 233
9 Wells Fargo Bank, Na 3.57% 123
10 Jpmorgan Chase Bank, Na 3.55% 135