Homethinking shows you transactional histories of real estate agents and mortgage lenders.
Realtors: Get Listed / Login

Key Questions:

    1. How at risk is Polk, Oregon to the subprime mortgage crisis?
    2. Subprime loans taken out by home owners in Polk, Oregon were meaningfully less than the national average in 2006. That is to say, Polk, Oregon will likely be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Polk, Oregon - 9.8% versus 12.0% - will reset to higher rates in 2008.
    1. How stretched will home owners in Polk, Oregon be in paying off their mortgage?
    2. Homeowners in Polk, Oregon borrowed an average of 1.69 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 Polk, Oregon homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Polk, Oregon?
    2. The leading lenders, by market share, are Countrywide Home Loans, Wells Fargo Bank, Na and Washington Mutual Bank. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Polk, Oregon to actually live in them?
    2. 91.8% of home owners in Polk, Oregon 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 Polk Oregon US
Total Applications 9,150 461,909 33,304,682
Average Loan $149.7k $177.8k $184.9k
Loan to Income Ratio 1.69 1.84 1.83
Subprime Loans 9.80% 10.05% 11.98%
Refinancing Loans 51.02% 50.07% 50.05%
Principal Dwellings 91.76% 87.24% 88.97%
Rejected Applications 9.13% 9.25% 12.36%

Nearby Counties:   Yamhill, Benton, Lincoln, Tillamook, Washington

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 8.15% 746
2 Wells Fargo Bank, Na 6.44% 589
3 Washington Mutual Bank 5.78% 529
4 National City Bank 3.14% 287
5 Countrywide Bank, N.A. 3.04% 278
6 Citimortgage, Inc 2.95% 270
7 Hfc Company Llc 2.52% 231
8 Bank Of America, N.A. 2.20% 201
9 Beneficial Company Llc 1.97% 180
10 Lehman Brothers Bank 1.93% 177