Key Questions:

1. Who are the leading lenders in Clay, North Carolina?
   1. The leading lenders, by market share, are United Community Bank, Gmac Mortgage Llc and Jpmorgan Chase Bank, Na. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Clay, North Carolina be in paying off their mortgage?
   1. Homeowners in Clay, North Carolina borrowed an average of 1.85 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 Clay, North Carolina homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Clay, North Carolina to actually live in them?
   1. 71.5% of home owners in Clay, North Carolina 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%.
4. How at risk is Clay, North Carolina to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Clay, North Carolina than the national average in 2008. That is to say, Clay, North Carolina will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Clay, North Carolina - 6.6% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Clay, North Carolina than other areas of the US.