Key Questions:

1. Who are the leading lenders in Todd, South Dakota?
   1. The leading lenders, by market share, are Wells Fargo Bank, Na, Farm Credit Services Of Americ and Wells Fargo Fin'L South Dakota. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Todd, South Dakota be in paying off their mortgage?
   1. Homeowners in Todd, South Dakota borrowed an average of 0.95 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 Todd, South Dakota homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Todd, South Dakota to actually live in them?
   1. 96.8% of home owners in Todd, South 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 Todd, South Dakota to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Todd, South Dakota than the national average in 2008. That is to say, Todd, South Dakota will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Todd, South Dakota - 6.5% 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 Todd, South Dakota than other areas of the US.