If your not sure what kind of Delaware home equity loan you are looking for, but you would like to learn more about Delaware home equity mortgage lenders, then explore our Credit Unions,Banks, Mortgage Brokers, or Savings and Loans pages.
Some quick facts on Delaware owner occupied homes with a mortgage1:
The median Delaware home price is $181,591.
73.1% of Delaware home owners have only a single mortgage.
Only 1.5% of Delaware home owners have both a second mortgage and a home equity loan.
While the median income for all of Delaware is $50,315, the median income for owner occupied homes in Delaware with a mortgage is $70,479.
The median monthly housing cost is $1,191.
Delaware Median Annual real estate taxes are $893.
While the national average Expedian Credit score is 678, the average for Delaware is 682.
Non-business bankruptcies in Delaware have gone from 2,375 in 2000 to 3,392 in 2004.
The state regulator for mortgages is Robert A. Glen
The Office of the State Bank Commissioner regulates Delaware mortgage lenders and Delaware mortgage brokers. Approximately 423 Delaware lenders are licensed in the State of Delaware. Delaware’s licensee list is available from Carol A. Kirby at (302) 739-4235. A list of licensees may also be obtained on the State Bank Commissioner’s Internet site.
Delaware’s original licensing statute for Delaware mortgage lenders was effective January 1, 1979. The current licensing statute has been in existence since 1987. The licensing statute for mortgage brokers was enacted in 19922.
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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