Key Questions:

1. How at risk is Story, Iowa to the subprime mortgage crisis?
   1. There were significantly less subprime loans taken out by home owners in Story, Iowa than the national average in 2006. That is to say, Story, Iowa will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Story, Iowa - 8.7% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be less foreclosures caused by the reseting of subprime mortgages in Story, Iowa than other areas of the US.
2. How stretched will home owners in Story, Iowa be in paying off their mortgage?
   1. Homeowners in Story, Iowa borrowed an average of 1.36 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Story, Iowa homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Story, Iowa?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, Greater Iowa Credit Union and First Federal Savings Bank Ia. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Story, Iowa to actually live in them?
   1. 92.2% of home owners in Story, 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%.