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US » Utah » Beaver

Key Questions:

    1. How at risk is Beaver, Utah to the subprime mortgage crisis?
    1. Loans taken out by home owners in Beaver, Utah are within a +/- 10 percent band of the national average. That is to say, Beaver, Utah will likely be affected by the subprime mortgage crisis just like the average county in the US.
    2. How stretched will home owners in Beaver, Utah be in paying off their mortgage?
    1. Homeowners in Beaver, Utah borrowed an average of 1.60 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 Beaver, Utah homeowners will default on their mortgage payments in the coming years.
    3. Who are the leading lenders in Beaver, Utah?
    1. The leading lenders, by market share, are Wells Fargo Bank, Na, Countrywide Home Loans and Comunity Lending Incorporated. Do you have the best rate possible? Get quotes from mortgage lenders.
    4. How likely are the owners of homes in Beaver, Utah to actually live in them?
    1. 83.5% of home owners in Beaver, Utah 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 Beaver Utah US
Total Applications 698 374,624 33,304,682
Average Loan $116.1k $158.2k $184.9k
Loan to Income Ratio 1.60 1.69 1.83
Subprime Loans 11.89% 11.34% 11.98%
Refinancing Loans 51.29% 43.04% 50.05%
Principal Dwellings 83.52% 86.68% 88.97%
Rejected Applications 10.46% 10.56% 12.36%

Nearby Counties:   Iron, Millard, Piute, Washington, Juab

Top Ten Lenders
# Name Share Apps
1 Wells Fargo Bank, Na 12.46% 87
2 Countrywide Home Loans 10.89% 76
3 Comunity Lending Incorporated 4.15% 29
4 Countrywide Bank, N.A. 4.15% 29
5 Wells Fargo Fin'L Utah, Inc 3.30% 23
6 Wells Fargo Funding, Inc 2.87% 20
7 Zions First National Bank 2.72% 19
8 Accredited Home Lenders, Inc 2.01% 14
9 Argent Mortgage Company 2.01% 14
10 Citicorp Trust Bank, Fsb 1.86% 13