Key Questions:

1. Who are the leading lenders in Richland, North Dakota?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, State Bank & Trust and Gate City Bank. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Richland, North Dakota be in paying off their mortgage?
   1. Homeowners in Richland, North Dakota borrowed an average of 1.26 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, a significantly lower risk that Richland, North Dakota homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Richland, North Dakota to actually live in them?
   1. 96.7% of home owners in Richland, North Dakota 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 Richland, North Dakota to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Richland, North Dakota than the national average in 2008. That is to say, Richland, North Dakota will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Richland, North Dakota - 9.6% 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 Richland, North Dakota than other areas of the US.