Key Questions:

1. How at risk is North Dakota to the subprime mortgage crisis?
   1. Loans taken out by home owners in North Dakota are within a +/- 10 percent band of the national average. That is to say, North Dakota will likely be affected by the subprime mortgage crisis just like the average county in the US.
2. How stretched will home owners in North Dakota be in paying off their mortgage?
   1. Homeowners in North Dakota borrowed an average of 1.29 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a significantly lower risk that North Dakota homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in North Dakota?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, Gate City Bank and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in North Dakota to actually live in them?
   1. 93.4% of home owners in North Dakota 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%.