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Key Questions:

    1. Who are the leading lenders in Coos, New Hampshire?
    2. The leading lenders, by market share, are Jpmorgan Chase Bank, Na, Countrywide Bank, Fsb and Advanced Financial Services In. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Coos, New Hampshire be in paying off their mortgage?
    2. Homeowners in Coos, New Hampshire borrowed an average of 1.55 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 Coos, New Hampshire homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Coos, New Hampshire to actually live in them?
    2. 83.1% of home owners in Coos, New Hampshire 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 Coos, New Hampshire to the subprime mortgage crisis?
    2. Subprime loans taken out by home owners in Coos, New Hampshire were meaningful more than the national average in 2008. That is to say, Coos, New Hampshire will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Coos, New Hampshire - 5.8% versus 4.8% - will reset to higher rates in 2009. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Coos, New Hampshire than other areas of the US.
2008 Mortgage Research Coos New Hampshire US
Total Applications 1,412 78,591 17,391,570
Average Loan $120.1k $195.7k $198.2k
Loan to Income Ratio 1.55 1.98 1.97
Subprime Loans 5.81% 3.49% 4.81%
Refinancing Loans 60.98% 61.40% 52.52%
Principal Dwellings 83.14% 90.60% 90.00%
Rejected Applications 13.46% 12.75% 15.15%

Nearby Counties:   Carroll, Grafton, Belknap, Strafford, Merrimack

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Top Ten Lenders
# Name Share Apps
1 Jpmorgan Chase Bank, Na 7.72% 90
2 Countrywide Bank, Fsb 7.10% 101
3 Advanced Financial Services In 5.69% 65
4 First Colebrook Bank 5.06% 98
5 Universal Mortgage Corporation 4.66% 56
6 Gmac Mortgage Llc 4.53% 56
7 Beneficial Company Llc 4.02% 47
8 Laconia Savings Bank 3.41% 53
9 Wells Fargo Bank, Na 3.32% 43
10 Merrimack Mortgage Company Inc 3.18% 57