Key Questions:

1. Who are the leading lenders in Charlottesville, Virginia?
   1. The leading lenders, by market share, are Bank Of America, N.A., Suntrust Mortgage, Inc and Countrywide Bank, Fsb. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Charlottesville, Virginia be in paying off their mortgage?
   1. Homeowners in Charlottesville, Virginia borrowed an average of 1.93 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Charlottesville, Virginia homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Charlottesville, Virginia to actually live in them?
   1. 82.7% of home owners in Charlottesville, Virginia 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 Charlottesville, Virginia to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Charlottesville, Virginia were meaningfully less than the national average in 2008. That is to say, Charlottesville, Virginia will likely be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Charlottesville, Virginia - 3.7% versus 4.8% - will reset to higher rates in 2009.