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Key Questions:

    1. How at risk is Anson, North Carolina to the subprime mortgage crisis?
    2. There were significantly more subprime loans taken out by home owners in Anson, North Carolina than the national average in 2006. That is to say, Anson, North Carolina will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Anson, North Carolina - 18.3% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Anson, North Carolina than other areas of the US.
    1. How stretched will home owners in Anson, North Carolina be in paying off their mortgage?
    2. Homeowners in Anson, North Carolina borrowed an average of 1.44 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 Anson, North Carolina homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Anson, North Carolina?
    2. The leading lenders, by market share, are Branch Banking And Trust Co, Beneficial Company Llc and Citifinancial Services, Inc.. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Anson, North Carolina to actually live in them?
    2. 92.4% of home owners in Anson, North Carolina 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 Anson North Carolina US
Total Applications 1,298 878,532 33,304,682
Average Loan $77.0k $136.7k $184.9k
Loan to Income Ratio 1.44 1.56 1.83
Subprime Loans 18.26% 10.92% 11.98%
Refinancing Loans 58.94% 45.07% 50.05%
Principal Dwellings 92.45% 86.12% 88.97%
Rejected Applications 18.18% 12.45% 12.36%

Nearby Counties:   Richmond, Stanly, Montgomery, Union, Cabarrus

Top Ten Lenders
# Name Share Apps
1 Branch Banking And Trust Co 8.17% 106
2 Beneficial Company Llc 7.47% 97
3 Citifinancial Services, Inc. 6.01% 78
4 Anson Bank & Trust Co. 4.31% 56
5 Suntrust Banks, Inc 3.31% 43
6 Rbc Centura 3.24% 42
7 Countrywide Home Loans 3.00% 39
8 Bank Of America, N.A. 2.70% 35
9 Advanced Financial Services In 2.70% 35
10 State Employees' Credit Union 2.62% 34