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Key Questions:

    1. How at risk is Coke, Texas to the subprime mortgage crisis?
    2. There were significantly less subprime loans taken out by home owners in Coke, Texas than the national average in 2006. That is to say, Coke, Texas will be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Coke, Texas - 8.5% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be less foreclosures caused by the reseting of subprime mortgages in Coke, Texas than other areas of the US.
    1. How stretched will home owners in Coke, Texas be in paying off their mortgage?
    2. Homeowners in Coke, Texas borrowed an average of 1.13 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 Coke, Texas homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Coke, Texas?
    2. The leading lenders, by market share, are Nationstar Mortgage Llc, Countrywide Home Loans and Beneficial Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Coke, Texas to actually live in them?
    2. 92.1% of home owners in Coke, Texas 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 Coke Texas US
Total Applications 165 2,061,768 33,304,682
Average Loan $63.9k $114.5k $184.9k
Loan to Income Ratio 1.13 1.23 1.83
Subprime Loans 8.48% 11.95% 11.98%
Refinancing Loans 39.39% 29.40% 50.05%
Principal Dwellings 92.12% 87.86% 88.97%
Rejected Applications 21.21% 13.60% 12.36%

Nearby Counties:   Nolan, Tom Green, Sterling, Runnels, Mitchell