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Ravenna Mortgage Information

Average Mortgage Loan in Ravenna: $245,375

How Ravenna Ranks in Ontario for Mortgage Business

The following table lists how Ravenna 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
524MANITOWANING, ON 0.007%
525MOOSE FACTORY, ON 0.007%
526TORRANCE, ON 0.007%
527CHALK RIVER, ON 0.007%
528BRAESIDE, ON 0.007%
529RAVENNA, ON 0.007%
530BAILIEBORO, ON 0.007%
531WEBBWOOD, ON 0.007%
532MANSFIELD, ON 0.007%
533EAR FALLS, ON 0.007%
534BAINSVILLE, ON 0.007%

Types of Mortgage Inquiries Received from Ravenna


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 25.0%
New Home Purchase: 25.0%
Mortgage Pre-approval: 25.0%
First-time Home Buyer: 25.0%
 
Total Application Types Found: 4

Age Demographics for Ravenna Originated Mortgages

Average age: 39
Oldest age: 51
Youngest age: 28


Incomes for Ravenna Originated Mortgages

The following depicts the average income of applicants living in Ravenna who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Ravenna: $104,000.00
applicants within all of Canada: $60,852.54
Difference: $43,147.46
  

Since the average income of Ravenna is substantially higher than the Canadian national average, we have included the MEDIAN annual gross income for this town. 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 Ravenna: $63,000.00
applicants within all of Canada: $60,852.54
Difference: $2,147.46

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


Last mortgage report update for Ravenna: Friday, July 1, 2016
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