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Key Questions:

    1. Who are the leading lenders in Prince George, Virginia?
    2. The leading lenders, by market share, are Countrywide Bank, Fsb, Suntrust Mortgage, Inc and Hfc Company Llc. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Prince George, Virginia be in paying off their mortgage?
    2. Homeowners in Prince George, Virginia borrowed an average of 2.19 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 Prince George, Virginia homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Prince George, Virginia to actually live in them?
    2. 94.7% of home owners in Prince George, 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%.
    1. How at risk is Prince George, Virginia to the subprime mortgage crisis?
    2. Loans taken out by home owners in Prince George, Virginia are within a +/- 10 percent band of the national average. That is to say, Prince George, Virginia will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Prince George Virginia US
Total Applications 2,376 539,572 17,391,570
Average Loan $175.3k $220.6k $198.2k
Loan to Income Ratio 2.19 2.22 1.97
Subprime Loans 4.92% 4.13% 4.81%
Refinancing Loans 66.41% 57.12% 52.52%
Principal Dwellings 94.70% 92.19% 90.00%
Rejected Applications 11.28% 11.30% 15.15%

Nearby Counties:   Hopewell, Petersburg, Colonial Heights, Charles City, Sussex

VIRGINIA Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Countrywide Bank, Fsb 10.31% 214
2 Suntrust Mortgage, Inc 7.40% 156
3 Hfc Company Llc 5.07% 99
4 Wells Fargo Bank, Na 4.36% 101
5 Beneficial Company Llc 4.13% 81
6 Wells Fargo Funding, Inc 3.62% 62
7 Branch Banking And Trust Co 3.56% 129
8 Gmac Mortgage Llc 3.16% 59
9 Jpmorgan Chase Bank, Na 2.64% 70
10 Bank Of America, N.A. 2.62% 81