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Key Questions:

    1. How at risk is Cameron, Pennsylvania to the subprime mortgage crisis?
    2. Loans taken out by home owners in Cameron, Pennsylvania are within a +/- 10 percent band of the national average. That is to say, Cameron, Pennsylvania will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Cameron, Pennsylvania be in paying off their mortgage?
    2. Homeowners in Cameron, Pennsylvania borrowed an average of 1.17 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 Cameron, Pennsylvania homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Cameron, Pennsylvania?
    2. The leading lenders, by market share, are Northwest Savings Bank, Beneficial Company Llc and Delta Funding Corporation. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Cameron, Pennsylvania to actually live in them?
    2. 93.7% of home owners in Cameron, Pennsylvania 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 Cameron Pennsylvania US
Total Applications 351 1,188,557 33,304,682
Average Loan $61.8k $120.7k $184.9k
Loan to Income Ratio 1.17 1.49 1.83
Subprime Loans 11.40% 10.17% 11.98%
Refinancing Loans 60.40% 53.03% 50.05%
Principal Dwellings 93.73% 91.66% 88.97%
Rejected Applications 15.67% 13.50% 12.36%

Nearby Counties:   Potter, Elk, Clearfield, Mckean, Clinton

Top Ten Lenders
# Name Share Apps
1 Northwest Savings Bank 19.09% 67
2 Beneficial Company Llc 18.52% 65
3 Delta Funding Corporation 3.42% 12
4 Gmac Mortgage Llc 3.42% 12
5 National City Bank 3.42% 12
6 Advanced Financial Services In 3.13% 11
7 E-Loan Inc 2.28% 8
8 Ameriquest Mortgage Company 2.28% 8
9 Countrywide Home Loans 2.28% 8
10 Oak Street Mortgage 1.99% 7