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Key Questions:

    1. How at risk is Buchanan, Missouri to the subprime mortgage crisis?
    2. Loans taken out by home owners in Buchanan, Missouri are within a +/- 10 percent band of the national average. That is to say, Buchanan, Missouri will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Buchanan, Missouri be in paying off their mortgage?
    2. Homeowners in Buchanan, Missouri borrowed an average of 1.45 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 Buchanan, Missouri homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Buchanan, Missouri?
    2. The leading lenders, by market share, are Beneficial Company Llc, First Horizon Home Loan Corp 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 Buchanan, Missouri to actually live in them?
    2. 90.1% of home owners in Buchanan, Missouri 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 Buchanan Missouri US
Total Applications 8,690 651,576 33,304,682
Average Loan $86.5k $116.7k $184.9k
Loan to Income Ratio 1.45 1.55 1.83
Subprime Loans 13.08% 12.34% 11.98%
Refinancing Loans 53.62% 52.98% 50.05%
Principal Dwellings 90.10% 89.02% 88.97%
Rejected Applications 13.54% 12.36% 12.36%

Nearby Counties:   Platte, Andrew, Clinton, Dekalb, Clay

Top Ten Lenders
# Name Share Apps
1 Beneficial Company Llc 6.35% 552
2 First Horizon Home Loan Corp 4.89% 425
3 Countrywide Home Loans 4.75% 413
4 Nodaway Valley Bank 4.38% 381
5 Commerce Bank, N.A. 4.10% 356
6 Us Bank North Dakota 2.08% 181
7 Abn Amro Mortgage Group, Inc. 1.99% 173
8 Bank Of America, N.A. 1.93% 168
9 Wells Fargo Bank, Na 1.91% 166
10 National City Bank 1.82% 158