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Key Questions:

    1. Who are the leading lenders in Storey, Nevada?
    2. The leading lenders, by market share, are Hfc Company Llc, Countrywide Bank, Fsb and Beneficial Company Llc. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Storey, Nevada be in paying off their mortgage?
    2. Homeowners in Storey, Nevada borrowed an average of 2.66 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, a signficantly higher risk that Storey, Nevada homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Storey, Nevada to actually live in them?
    2. 93.2% of home owners in Storey, Nevada 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 Storey, Nevada to the subprime mortgage crisis?
    2. There were significantly less subprime loans taken out by home owners in Storey, Nevada than the national average in 2008. That is to say, Storey, Nevada will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Storey, Nevada - 2.5% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be less foreclosures caused by the reseting of subprime mortgages in Storey, Nevada than other areas of the US.
2008 Mortgage Research Storey Nevada US
Total Applications 324 163,606 17,391,570
Average Loan $221.3k $230.6k $198.2k
Loan to Income Ratio 2.66 2.01 1.97
Subprime Loans 2.47% 2.77% 4.81%
Refinancing Loans 58.95% 43.41% 52.52%
Principal Dwellings 93.21% 84.81% 90.00%
Rejected Applications 14.51% 16.69% 15.15%

Nearby Counties:   Carson City, Douglas, Lyon, Churchill, Washoe

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Top Ten Lenders
# Name Share Apps
1 Hfc Company Llc 9.42% 23
2 Countrywide Bank, Fsb 8.88% 32
3 Beneficial Company Llc 7.91% 21
4 Gmac Mortgage Llc 7.06% 20
5 Wells Fargo Bank, Na 6.89% 29
6 Wells Fargo Fin'L Nevada 2,Inc 6.37% 14
7 Jpmorgan Chase Bank, Na 6.03% 27
8 Bank Of America, N.A. 5.06% 14
9 Citimortgage, Inc 3.84% 13
10 Us Bank, N.A. 3.33% 10