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Key Questions:

    1. Who are the leading lenders in Boone, Missouri?
    2. The leading lenders, by market share, are Boone County National Bank, Countrywide Bank, Fsb and Premier Bank. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Boone, Missouri be in paying off their mortgage?
    2. Homeowners in Boone, Missouri borrowed an average of 1.71 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 Boone, Missouri homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Boone, Missouri to actually live in them?
    2. 88.5% of home owners in Boone, Missouri 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 Boone, Missouri to the subprime mortgage crisis?
    2. Loans taken out by home owners in Boone, Missouri are within a +/- 10 percent band of the national average. That is to say, Boone, Missouri will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Boone Missouri US
Total Applications 8,401 379,587 17,391,570
Average Loan $151.7k $143.1k $198.2k
Loan to Income Ratio 1.71 1.75 1.97
Subprime Loans 4.37% 6.26% 4.81%
Refinancing Loans 51.84% 59.50% 52.52%
Principal Dwellings 88.49% 90.00% 90.00%
Rejected Applications 8.65% 11.93% 15.15%

Nearby Counties:   Callaway, Howard, Moniteau, Cole, Randolph

MISSOURI Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Boone County National Bank 12.42% 1,063
2 Countrywide Bank, Fsb 9.42% 872
3 Premier Bank 6.34% 263
4 First National Bank & Trust Co 5.37% 426
5 Wells Fargo Bank, Na 4.35% 366
6 The Callaway Bank 3.43% 233
7 Commerce Bank, N.A. 3.03% 293
8 Bank Of America, N.A. 3.00% 281
9 The Bank Of Missouri 2.77% 132
10 Beneficial Company Llc 2.70% 266