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Key Questions:

    1. How at risk is Appanoose, Iowa to the subprime mortgage crisis?
    2. Loans taken out by home owners in Appanoose, Iowa are within a +/- 10 percent band of the national average. That is to say, Appanoose, Iowa will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Appanoose, Iowa be in paying off their mortgage?
    2. Homeowners in Appanoose, Iowa borrowed an average of 1.26 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 Appanoose, Iowa homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Appanoose, Iowa?
    2. The leading lenders, by market share, are Beneficial Company Llc, Us Bank North Dakota and Wells Fargo Bank, Na. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Appanoose, Iowa to actually live in them?
    2. 93.6% of home owners in Appanoose, Iowa 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%.
2006 Mortgage Research Appanoose Iowa US
Total Applications 614 226,841 33,304,682
Average Loan $67.8k $97.4k $184.9k
Loan to Income Ratio 1.26 1.42 1.83
Subprime Loans 12.05% 11.49% 11.98%
Refinancing Loans 64.82% 49.59% 50.05%
Principal Dwellings 93.65% 93.20% 88.97%
Rejected Applications 17.59% 11.78% 12.36%

Nearby Counties:   Monroe, Wayne, Davis, Lucas, Wapello

Top Ten Lenders
# Name Share Apps
1 Beneficial Company Llc 10.42% 64
2 Us Bank North Dakota 5.86% 36
3 Wells Fargo Bank, Na 5.86% 36
4 Gmac Mortgage Llc 5.54% 34
5 Us Bank, N.A. 4.40% 27
6 Countrywide Home Loans 4.07% 25
7 Community 1St Credit Union 3.91% 24
8 Citifinancial, Inc. 3.75% 23
9 Citicorp Trust Bank, Fsb 3.75% 23
10 Abn Amro Mortgage Group, Inc. 3.26% 20