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Codrington Mortgage Information

Average Mortgage Loan in Codrington: $215,000

How Codrington Ranks in Ontario for Mortgage Business

The following table lists how Codrington ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
476COURTRIGHT, ON 0.009%
477DELAWARE, ON 0.009%
478TEESWATER, ON 0.009%
479DRAYTON, ON 0.009%
480KARS, ON 0.009%
481CODRINGTON, ON 0.009%
482L'ORIGNAL, ON 0.009%
483PLATTSVILLE, ON 0.009%
484GRAND VALLEY, ON 0.009%
485LORETTO, ON 0.009%
486MARKDALE, ON 0.007%

Types of Mortgage Inquiries Received from Codrington


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 40.0%
Mortgage Pre-approval: 20.0%
No Money Down Mortgage (discontinued): 20.0%
Second Mortgage: 20.0%
 
Total Application Types Found: 4

Age Demographics for Codrington Mortgage Applicants

Average age: 36
Oldest age: 50
Youngest age: 25


Incomes for Codrington Mortgage Applicants

The following figures show the average income of people living in Codrington who have applied for a loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Codrington: $97,792.60
applicants within all of Canada: $60,852.54
Difference: $36,940.06
  

Since the average income of Codrington is substantially higher than our national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Codrington: $70,000.00
applicants within all of Canada: $60,852.54
Difference: $9,147.46

Note: Commercial loan amounts were not included for this survey, only residential mortgage loans from Codrington, Ontario were used.


Last mortgage report update for Codrington: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Belleville.

Mortgage Product Type Inquiries
Mortgage Pre-approval26.39%
First-time Home Buyer20.83%
No Money Down discontinued18.06%
Refinance/Consolidate Debt13.89%
New Purchase9.03%
Mortgage Renewal5.56%
Other6.24%