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Key Questions:

    1. How at risk is Barron, Wisconsin to the subprime mortgage crisis?
    2. Loans taken out by home owners in Barron, Wisconsin are within a +/- 10 percent band of the national average. That is to say, Barron, Wisconsin will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Barron, Wisconsin be in paying off their mortgage?
    2. Homeowners in Barron, Wisconsin borrowed an average of 1.52 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 Barron, Wisconsin homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Barron, Wisconsin?
    2. The leading lenders, by market share, are Johnson Bank, Beneficial Company Llc and Westconsin Credit Union. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Barron, Wisconsin to actually live in them?
    2. 87.4% of home owners in Barron, Wisconsin 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 Barron Wisconsin US
Total Applications 3,356 539,730 33,304,682
Average Loan $110.6k $128.5k $184.9k
Loan to Income Ratio 1.52 1.61 1.83
Subprime Loans 12.63% 11.15% 11.98%
Refinancing Loans 63.56% 59.05% 50.05%
Principal Dwellings 87.43% 90.14% 88.97%
Rejected Applications 13.08% 11.91% 12.36%

Nearby Counties:   Washburn, Dunn, Polk, Chippewa, Burnett

Top Ten Lenders
# Name Share Apps
1 Johnson Bank 6.50% 218
2 Beneficial Company Llc 5.24% 176
3 Westconsin Credit Union 4.89% 164
4 Countrywide Home Loans 4.50% 151
5 Wells Fargo Bank, Na 3.67% 123
6 Ameriquest Mortgage Company 3.10% 104
7 Us Bank, N.A. 2.95% 99
8 Us Bank North Dakota 2.71% 91
9 Bank Mutual 2.47% 83
10 Jpmorgan Chase Bank 2.23% 75