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Norwich Mortgage Information

Average Mortgage Loan in Norwich: $177,390

How Norwich Ranks in Ontario for Mortgage Business

The following table lists how Norwich 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
262ALEXANDRIA, ON 0.021%
263WINCHESTER, ON 0.021%
265GERALDTON, ON 0.019%
266HAILEYBURY, ON 0.019%
267NORWICH, ON 0.019%
268LANARK, ON 0.019%
269CARDINAL, ON 0.019%
270ORONO, ON 0.019%
271BURFORD, ON 0.019%
272BADEN, ON 0.019%

Types of Mortgage Inquiries Received from Norwich

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 36.4%
New Home Purchase: 27.3%
Mortgage Renewal: 18.2%
No Money Down Mortgage (discontinued): 18.2%
Total Application Types Found: 4

Age Demographics for Norwich Originated Mortgages

Average age: 44
Oldest age: 69
Youngest age: 23

Incomes for Norwich Originated Mortgages

The figures below represent the average income of applicants living in Norwich 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 Norwich: $39,438.73
applicants within all of Canada: $60,852.54
Difference: ($21,413.81)
mortgage co-applicants in Norwich: $32,791.33
co-applicants within all of Canada: $43,965.51
Difference: ($11,174.18)

Note: Commercial loans were not included for this report, only residential mortgages from Norwich, Ontario were used.

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

Mortgage Product Type Inquiries
No Money Down discontinued17.19%
First-time Home Buyer17.19%
New Purchase15.63%
Mortgage Renewal14.06%
Mortgage Pre-approval12.50%
Refinance/Consolidate Debt10.94%
Second Mortgage4.69%
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