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Some quick facts on Virginia owner occupied homes with a mortgage1:
The median Virginia home price is $203,011.
72.9% of Virginia home owners have only a single mortgage.
Only 0.8% of home owners in Virginia have both a second mortgage and a home equity loan.
While the median income for all of Virginia is $61,309, the median income for owner occupied Virginia homes with a mortgage is $73,195.
The median monthly Virginia housing cost is $1,323.
Virginia Median Annual real estate taxes are $1,517.
While the national average Expedian Credit score is 678, the average for Virginia is 691.
Non-business bankruptcies in Virginia have gone from 35,376 in 2000 to 39,726 in 2004.
The state regulator for Virginia mortgages is E. Joseph Face, Jr.
STATE OF VIRGINIA
State Corporation Commission
Bureau of Financial Institutions
1300 East Main Street, Suite 800
Tyler Building
Post Office Box 640
Richmond, Virginia 23218-0640
The Virginia Bureau of Financial Institutions regulates Virginia mortgage lenders and Virginia mortgage brokers. Approximately 1000 Mortgage Lenders and Mortgage Brokers are licensed in the State of Virginia. Virginia’s licensee list is available from their web site athttp://www.state.va.us/scc/division/banking/index.htm.
Virginia’s licensing statute for mortgage lenders and brokers was enacted in 19872.
Virginia Counties:
Accomack County, Albemarle County, Alleghany County, Amelia County,
Amherst County, Appomattox County, Arlington County, Augusta County,
Bath County, Bedford County, Bland County, Botetourt County, Brunswick
County, Buchanan County, Buckingham County, Campbell County, Caroline
County, Carroll County, Charles City County, Charlotte County, Chesterfield
County, Clarke County, Craig County, Culpeper County, Cumberland
County, Dickenson County, Dinwiddie County, Essex County, Fairfax
County, Fauquier County, Floyd County, Fluvanna County, Franklin
County, Frederick County, Giles County, Gloucester County, Goochland
County, Grayson County, Greene County, Greensville County, Halifax
County, Hanover County, Henrico County, Henry County, Highland County,
Isle of Wight County, James City County, King and Queen County,
King George County, King William County, Lancaster County, Lee County,
Loudoun County, Louisa County, Lunenburg County, Madison County,
Mathews County, Mecklenburg County, Middlesex County, Montgomery
County, Nelson County, New Kent County, Northampton County, Northumerland
County, Nottoway County, Orange County, Page County, Patrick County,
Pittsylvania County, Powhatan County, Prince Edward County, Prince
George County, Prince William County, Pulaski County, Rappahannock
County, Richmond County, Roanoke County, Rockbridge County, Rockingham
County, Russell County, Scott County, Shenendoah County, Smyth County,
Southampton County, Spotsylvania County, Stafford County, Surry
County, Sussex County, Tazewell County, Warren County, Washington
County, Westmoreland County, Wise County, Wythe County, York County,
Alexandria City, Bedford City, Bristol City, Buena Vista City, Charlottesville
City, Chesapeake City, Clifton Forge City, Colonial Heights City,
Covington City, Danville City, Emporia City, Fairfax City, Falls
Church City, Franklin City, Fredericksburg City, Galax City, Hampton
City, Harrisonburg City, Hopewell City, Lexington City, Lynchburg
City, Manassas City, Manassas Park City, Martinsville City, Newport
News City, Norfolk City, Norton City, Petersburg City, Poquoson
City, Portsmouth City, Radford City, Richmond City, Roanoke City,
Salem City, Staunton City, Virginia Beach City, Waynesboro City,
Williamsburg City, Winchester City
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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