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Key Questions:

    1. How at risk is Iowa, Wisconsin to the subprime mortgage crisis?
    2. Loans taken out by home owners in Iowa, Wisconsin are within a +/- 10 percent band of the national average. That is to say, Iowa, 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 Iowa, Wisconsin be in paying off their mortgage?
    2. Homeowners in Iowa, Wisconsin borrowed an average of 1.65 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 Iowa, Wisconsin homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Iowa, Wisconsin?
    2. The leading lenders, by market share, are Farmers Savings Bank, Countrywide Home Loans and Hfc Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Iowa, Wisconsin to actually live in them?
    2. 92.6% of home owners in Iowa, 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 Iowa Wisconsin US
Total Applications 2,352 539,730 33,304,682
Average Loan $117.1k $128.5k $184.9k
Loan to Income Ratio 1.65 1.61 1.83
Subprime Loans 11.73% 11.15% 11.98%
Refinancing Loans 65.65% 59.05% 50.05%
Principal Dwellings 92.64% 90.14% 88.97%
Rejected Applications 12.37% 11.91% 12.36%

Nearby Counties:   Lafayette, Sauk, Richland, Grant, Green

Top Ten Lenders
# Name Share Apps
1 Farmers Savings Bank 11.10% 261
2 Countrywide Home Loans 7.23% 170
3 Hfc Company Llc 5.95% 140
4 Wells Fargo Bank, Na 5.91% 139
5 Anchorbank Fsb 3.36% 79
6 Ameriquest Mortgage Company 3.10% 73
7 Countrywide Bank, N.A. 2.72% 64
8 M&I Marshall & Ilsley Bank 2.21% 52
9 Amcore Bank, N.A. 1.96% 46
10 The Peoples Community Bank 1.96% 46