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Newburgh Mortgage Information

Average Mortgage Loan in Newburgh: $164,999

How Newburgh Ranks in Ontario for Mortgage Business

The following table lists how Newburgh 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
489NESTLETON STATION, ON 0.007%
490CAVAN, ON 0.007%
491ATWOOD, ON 0.007%
492DEVLIN, ON 0.007%
493CALEDON EAST, ON 0.007%
494NEWBURGH, ON 0.007%
495HALEY STATION, ON 0.007%
496CHARING CROSS, ON 0.007%
497LYNDHURST, ON 0.007%
498BONFIELD, ON 0.007%
499COMBER, ON 0.007%

Types of Mortgage Inquiries Received from Newburgh


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 50.0%
No Money Down Mortgage (discontinued): 25.0%
First-time Home Buyer: 25.0%
 
Total Application Types Found: 3

Age Demographics for Newburgh Mortgage Applicants

Average age: 34
Oldest age: 51
Youngest age: 24


Incomes for Newburgh Mortgage Applicants

The figures below represent the average income of Canadians living in Newburgh who have applied for a home loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Newburgh: $113,146.75
applicants within all of Canada: $60,852.54
Difference: $52,294.21
  

Since the average income of Newburgh is notability higher than the national average, we have included the MEDIAN annual gross income for this area. 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 Newburgh: $42,893.50
applicants within all of Canada: $60,852.54
Difference: ($17,959.04)

Note: Commercial loan amounts were not included for this survey, only residential mortgages were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval22.99%
Refinance/Consolidate Debt16.78%
Mortgage Renewal14.25%
First-time Home Buyer12.64%
New Purchase11.49%
No Money Down discontinued10.11%
Other11.73%
 
Did you know? The average home loan in Orillia is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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