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Some quick facts on District of Columbia owner occupied homes with a mortgage:
The median price for a home in Washington, DC is $357,945.
71.3% of District of Columbia home owners have only a single mortgage.
Only 2.0% of Washington, DC home owners have both a second mortgage and a home equity loan.
While the median income for all of District of Columbia is $54,193, the median income for owner occupied homes in Washington, DC with a mortgage is $86,103.
District of Columbia median monthly housing cost is $1,612.
Median Annual real estate Taxes in Washington, DC are $1,460.
While the national average Expedian Credit score is 678, the average for District of Columbia is 679.
Non-business bankruptcies in District of Columbia have gone from 2,288 in 2000 to 1,892 in 2004.
The D.C. Department of Banking and Financial Institutions (DBFI) charters and regulates financial institutions, such as banks and trust companies, operating in the District of Columbia. DBFI also licenses non-bank financial operations such as mortgage lenders and brokers, check cashers, money transmitters, credit counseling services, money lenders and consumer sales finance companies2.
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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