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Key Questions:

    1. How at risk is Worth, Iowa to the subprime mortgage crisis?
    2. Loans taken out by home owners in Worth, Iowa are within a +/- 10 percent band of the national average. That is to say, Worth, 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 Worth, Iowa be in paying off their mortgage?
    2. Homeowners in Worth, Iowa borrowed an average of 1.37 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 Worth, Iowa homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Worth, Iowa?
    2. The leading lenders, by market share, are Wells Fargo Bank, Na, Bank Of America, N.A. and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Worth, Iowa to actually live in them?
    2. 96.8% of home owners in Worth, 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 Worth Iowa US
Total Applications 376 226,841 33,304,682
Average Loan $74.1k $97.4k $184.9k
Loan to Income Ratio 1.37 1.42 1.83
Subprime Loans 11.44% 11.49% 11.98%
Refinancing Loans 46.28% 49.59% 50.05%
Principal Dwellings 96.81% 93.20% 88.97%
Rejected Applications 15.16% 11.78% 12.36%

Nearby Counties:   Cerro Gordo, Mitchell, Winnebago, Hancock, Floyd

Top Ten Lenders
# Name Share Apps
1 Wells Fargo Bank, Na 14.36% 54
2 Bank Of America, N.A. 8.24% 31
3 Countrywide Home Loans 7.18% 27
4 Gmac Mortgage Llc 3.46% 13
5 Hfc Company Llc 3.19% 12
6 Jpmorgan Chase Bank 2.93% 11
7 Wells Fargo Fin'L Iowa 3, Inc 2.93% 11
8 Bankers' Bank 2.66% 10
9 National City Bank 2.39% 9
10 Beneficial Company Llc 2.39% 9