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Key Questions:

    1. Who are the leading lenders in Platte, Missouri?
    2. The leading lenders, by market share, are Wells Fargo Bank, Na, Countrywide Bank, Fsb and Jpmorgan Chase Bank, Na. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Platte, Missouri be in paying off their mortgage?
    2. Homeowners in Platte, Missouri borrowed an average of 1.77 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 Platte, Missouri homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Platte, Missouri to actually live in them?
    2. 92.0% of home owners in Platte, 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 Platte, Missouri to the subprime mortgage crisis?
    2. Loans taken out by home owners in Platte, Missouri are within a +/- 10 percent band of the national average. That is to say, Platte, Missouri will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Platte Missouri US
Total Applications 6,489 379,587 17,391,570
Average Loan $176.2k $143.1k $198.2k
Loan to Income Ratio 1.77 1.75 1.97
Subprime Loans 4.36% 6.26% 4.81%
Refinancing Loans 57.36% 59.50% 52.52%
Principal Dwellings 92.03% 90.00% 90.00%
Rejected Applications 10.06% 11.93% 15.15%

Nearby Counties:   Buchanan, Clay, Clinton, Jackson, Andrew

MISSOURI Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Wells Fargo Bank, Na 8.26% 494
2 Countrywide Bank, Fsb 6.98% 497
3 Jpmorgan Chase Bank, Na 5.43% 355
4 Gmac Mortgage Llc 4.40% 241
5 Citimortgage, Inc 4.02% 257
6 Hfc Company Llc 3.42% 224
7 Bank Of America, N.A. 3.32% 234
8 Gmac Bank 3.16% 167
9 Wells Fargo Funding, Inc 3.13% 176
10 Us Bank, N.A. 2.99% 173