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Key Questions:

    1. Who are the leading lenders in Burnett, Wisconsin?
    2. The leading lenders, by market share, are Jpmorgan Chase Bank, Na, Wells Fargo Bank, Na and Us Bank, N.A.. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Burnett, Wisconsin be in paying off their mortgage?
    2. Homeowners in Burnett, Wisconsin borrowed an average of 1.49 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 Burnett, Wisconsin homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Burnett, Wisconsin to actually live in them?
    2. 70.0% of home owners in Burnett, Wisconsin 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 Burnett, Wisconsin to the subprime mortgage crisis?
    2. There were significantly more subprime loans taken out by home owners in Burnett, Wisconsin than the national average in 2008. That is to say, Burnett, Wisconsin will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Burnett, Wisconsin - 7.8% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Burnett, Wisconsin than other areas of the US.
2008 Mortgage Research Burnett Wisconsin US
Total Applications 1,215 359,119 17,391,570
Average Loan $131.0k $153.3k $198.2k
Loan to Income Ratio 1.49 1.75 1.97
Subprime Loans 7.82% 5.54% 4.81%
Refinancing Loans 66.58% 67.14% 52.52%
Principal Dwellings 69.96% 90.98% 90.00%
Rejected Applications 15.80% 10.83% 15.15%

Nearby Counties:   Polk, Washburn, Barron, Douglas, St. Croix

WISCONSIN Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Jpmorgan Chase Bank, Na 9.52% 90
2 Wells Fargo Bank, Na 8.76% 87
3 Us Bank, N.A. 7.38% 90
4 Countrywide Bank, Fsb 5.99% 68
5 Bremer Bank Na (Wisc) 5.43% 110
6 Citimortgage, Inc 4.78% 42
7 Johnson Bank 4.54% 39
8 Us Bank North Dakota 4.48% 135
9 Gmac Mortgage Llc 4.11% 38
10 Advanced Financial Services In 3.35% 32