thda single family loan program report
March 2015
THDA SINGLE FAMILY LOAN PROGRAM REPORT Calendar Year 2014
Hulya Arik, Ph.D. THDA Economist
DIVISION OF RESEARCH AND PLANNING Tennessee Housing Development Agency Andrew Jackson Building 502 Deaderick St., Third Floor Nashville, TN 37243
Table 1. THDA Single Family Loans by Program and Year, 2010-2014 All Programs1,2 Total # of Loans
ALL
2010 2011 2012 2013 2014 Total Loan $
2010 2011 2012 2013 2014 Avg. Loan $
2010 2011 2012 2013 2014
Great Start GS
2,618 2,160 2,129 2,070 1,695 ALL $275,056,329 $226,417,799 $236,611,866 $241,026,854 $197,972,626 ALL $105,064 $104,775 $111,085 $116,382 $116,798
Great Advantage GA
1,820 1,805 1,845 1,647 15 GS $193,353,475 $192,466,951 $209,550,031 $196,077,100 $1,745,206 GS $106,238 $106,571 $113,516 $119,051 $116,347
Great Rate
Great Choice
GR 172 43 26 30 1
GA $19,181,071 $4,933,762 $3,211,610 $3,801,142 $148,015 GA $111,518 $114,739 $123,523 $126,705 $148,015
GC 496 200 139 182 1
GR $51,818,277 $19,445,504 $13,507,227 $20,203,614 $52,757 GR $104,472 $97,716 $97,174 $110,402 $52,757
Great Choice+3 GC+
8 101 GC
$918,118 $10,094,799 GC
$114,765 $99,949
New Start NS 130 112 119 103 85
100 1,492 GC+
$11,383,130 $178,486,978
NS $10,703,506 $9,071,582 $10,342,998 $8,643,750 $7,444,871
GC+
NS
$113,831 $119,629
$82,335 $80,996 $86,916 $83,920 $87,587
1
All Programs total include Great Rate, Great Advantage, Great Start, Great Choice, Great Choice Plus and New Start program loans. It also includes the loans with Homeownership for the Brave discount. It does not include the second loans. 2
3
The second loans of borrowers who used the Great Choice Plus Program are not included in the all program totals, total loan value or the average loan value of all loans.
In addition to 1695 first loans in 2014, 1,492 second loans in the amount of $7.3 million were funded, but the number of all loans and total and average loan values are for only the first loans, second loans are not included in the loan numbers and total and average loan amounts.
Table 2. Property Characteristics4 – 2014 NEW OR EXISTING NEW Average Price Median Price Number of Homes EXISTING Average Price Median Price Number of Homes Number of Homes (New and Existing) % of Homes New % of Homes Existing SALES PRICE Mean Median Less than $60,000 $60,000-$79,999 $80,000-$89,999 $90,000-$99,999 $100,000-$109,999 $110,000-$119,999 $120,000-$129,999 $130,000-$139,999 $140,000-$149,999 $150,000-$159,999 $160,000-$169,999 $170,000-$179,999 $180,000-$189,999 $190,000-$199,999 $200,000 and above
ALL
GS
GA
GR
GC
GC+
NS
$141,101 $139,500 208
$168,110 $167,300 5
NA NA 0
NA NA 0
$125,727 $131,607 18
$156,198 $154,000 105
$123,057 $124,688 80
$118,205 $115,000 1,487
$93,690 $85,500 10
$144,900 $144,900 1
$61,000 $61,000 1
$103,233 $100,000 83
$119,336 $115,300 1,387
$108,400 $110,000 5
1,695
15
1
1
101
1,492
85
12.27% 87.73% ALL $121,015 $117,500 2.54% 9.10% 8.39% 8.92% 10.22% 12.88% 11.22% 10.69% 7.50% 5.91% 3.90% 2.84% 1.65% 1.12% 3.13%
33.33% 66.67% GS $118,497 $97,500 0.00% 33.33% 0.00% 20.00% 0.00% 0.00% 0.00% 0.00% 20.00% 6.67% 6.67% 0.00% 6.67% 0.00% 6.67%
0.00% 100.00% GA $144,900 $144,900 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 100.00% GR $61,000 $61,000 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
17.82% 82.18% GC
7.04% 92.96% GC+
$107,242 $105,000 6.93% 15.84% 14.85% 8.91% 8.91% 10.89% 5.94% 7.92% 5.94% 5.94% 0.00% 2.97% 2.97% 1.98% 0.00%
$121,933 $118,000 2.41% 8.72% 8.45% 8.72% 10.26% 13.35% 11.07% 10.13% 7.38% 5.90% 4.36% 3.02% 1.61% 1.14% 3.49%
94.12% 5.88% NS $122,169 $124,375 0.00% 2.38% 1.19% 10.71% 13.10% 9.52% 22.62% 26.19% 8.33% 5.95% 0.00% 0.00% 0.00% 0.00% 0.00%
4
The Great Choice Program in this table refers to the loans whose borrowers did not require a second loan for downpayment and/or closing costs. The Great Choice Plus Program refers to the first loans whose borrowers took second loan for downpayment and/or closing costs. The second loans are not included in the discussion of those characteristics.
3
Table 2. Property Characteristics – 2014, Continued SQUARE FEET Mean Median less than 1,000 1,000-1,250 1,251-1,500 1,501-1,750 more than 1,750 YEAR BUILT Mean (year built) Median (year built) before 1950 1950s 1960s 1970s 1980s 1990s 2000s 2011 2012 2013 2014
ALL 1,459 1,383 6.85% 27.70% 26.34% 18.31% 20.79% ALL 1987 1993 7.44% 7.09% 8.45% 11.81% 11.58% 15.36% 23.92% 0.53% 0.35% 3.25% 10.22%
GS 1,473 1,483 6.67% 33.33% 26.67% 13.33% 20.00% GS 1988 2000 13.33% 6.67% 0.00% 6.67% 6.67% 13.33% 20.00% 0.00% 0.00% 33.33% 0.00%
GA 1,548 1,548 0.00% 0.00% 0.00% 100.00% 0.00% GA 1994 1994 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
GR 1,292 1,292 0.00% 0.00% 100.00% 0.00% 0.00% GR 1945 1945 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
GC 1,516 1,478 6.93% 14.85% 29.70% 25.74% 22.77% GC 1990 1996 8.91% 3.96% 7.92% 11.88% 9.90% 11.88% 21.78% 0.00% 0.00% 4.95% 18.81%
GC+ 1,467 1,395 7.11% 26.96% 25.75% 18.44% 21.73% GC+ 1985 1990 7.65% 7.71% 9.05% 12.54% 12.41% 16.43% 25.49% 0.60% 0.40% 1.61% 6.10%
NS 1,244 1,155 2.38% 55.95% 32.14% 7.14% 2.38% NS 2014 2014 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.00% 75.00%
4
Table 3. Homebuyer Characteristics – 2014 AGE Mean Median
ALL 35 32 19.08% 22.09% 18.78% 12.46% 8.56% 19.02% ALL 99.94% 0.06% ALL 44.83% 55.17%
GS 32 30 13.33% 33.33% 13.33% 20.00% 13.33% 6.67% GS 100.00% 0.00% GS 46.67% 53.33%
GA 29 29 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% GA 100.00% 0.00% GA 0.00% 100.00%
GR 27 27 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% GR 100.00% 0.00% GR 100.00% 0.00%
GC 38 33 20.79% 14.85% 17.82% 10.89% 6.93% 28.71% GC 99.01% 0.99% GC 37.62% 62.38%
GC+ 35 31 19.65% 22.74% 18.98% 11.67% 8.85% 18.11% GC+ 100.00% 0.00% GC+ 44.20% 55.80%
NS 38 36 8.33% 15.48% 17.86% 27.38% 4.76% 26.19% NS 100.00% 0.00% NS 64.29% 35.71%
1 Person
ALL 2 2 32.66%
GS 2 2 26.67%
GA 1 1 100.00%
GR 2 2 0.00%
GC 2 2 30.69%
GC+ 2 2 34.07%
NS 3 3 10.71%
2 Person
27.58%
40.00%
0.00%
100.00%
32.67%
27.57%
19.05%
3 Person
19.26%
13.33%
0.00%
0.00%
13.86%
18.91%
33.33%
4 Person
12.88%
6.67%
0.00%
0.00%
13.86%
12.74%
15.48%
5+ Person
7.62%
13.33%
0.00%
0.00%
GS
GA
GR
6.71% GC+
21.43%
ALL
8.91% GC
Female (single)
19.31%
26.67%
0.00%
0.00%
14.85%
19.99%
11.90%
Female with child(ren)
14.71%
20.00%
0.00%
100.00%
8.91%
13.41%
42.86%
Male (single)
18.78%
13.33%
100.00%
0.00%
24.75%
19.25%
3.57%
Male with child(ren)
5.67%
0.00%
0.00%
0.00%
3.96%
5.90%
4.76%
Single Parent
2.13%
0.00%
0.00%
0.00%
0.99%
2.21%
2.38%
38.33%
40.00%
0.00%
0.00%
45.54%
38.43%
28.57%
1.06%
0.00%
0.00%
0.00%
0.99%
0.80%
5.95%
less than 25 25-29 30-34 35-39 40-44 45 and over FIRST-TIME BUYER Yes No GENDER Female Male HOUSEHOLD SIZE Mean Median
HOUSEHOLD COMP.
Married Couple Other
NS
5
Table 3. Homebuyer Characteristics – 2014, Continued INCOME Mean
ALL 50,781
GS 58,191
GA 39,228
GR 25,443
GC 44,882
GC+ 52,410
NS 28,067
Median
50,688
60,596
39,228
25,443
44,668
52,642
28,022
less than $15,000
0.35%
0.00%
0.00%
0.00%
0.00%
0.13%
4.76%
$15,000-$19,999
0.89%
0.00%
0.00%
0.00%
1.98%
0.40%
8.33%
$20,000-$24,999
2.48%
6.67%
0.00%
0.00%
3.96%
1.54%
16.67%
$25,000-$29,999
5.49%
0.00%
0.00%
100.00%
7.92%
3.96%
29.76%
$30,000-$34,999
7.62%
0.00%
0.00%
0.00%
7.92%
6.98%
20.24%
$35,000-$39,999
10.45%
6.67%
100.00%
0.00%
16.83%
9.59%
17.86%
$40,000-$44,999
10.45%
0.00%
0.00%
0.00%
13.86%
10.80%
2.38%
$45,000-$49,999
10.99%
33.33%
0.00%
0.00%
13.86%
11.20%
0.00%
$50,000-$54,999
11.16%
0.00%
0.00%
0.00%
10.89%
11.94%
0.00%
$55,000-$59,999
10.69%
0.00%
0.00%
0.00%
7.92%
11.60%
0.00%
$60,000-$64,999
10.04%
26.67%
0.00%
0.00%
5.94%
10.73%
0.00%
$65,000-$69,999
7.50%
6.67%
0.00%
0.00%
2.97%
8.25%
0.00%
$70,000-$74,999
5.97%
6.67%
0.00%
0.00%
3.96%
6.44%
0.00%
More than $75,000 RACE/ETHNICITY White African American Asian American Indian/Alaskan Native Nat. Hawaiian/Pacific Islander Multi-Racial Unknown/Other
5.91% ALL 73.54% 24.04% 1.30% 0.00% 0.18% 0.00% 0.95%
13.33% GS 80.00% 20.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% GA 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% GR 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.98% GC 78.22% 18.81% 0.99% 0.00% 0.99% 0.00% 0.99%
6.44% GC+ 74.31% 23.14% 1.41% 0.00% 0.13% 0.00% 1.01%
0.00% NS 53.57% 46.43% 0.00% 0.00% 0.00% 0.00% 0.00%
4.61%
6.67%
0.00%
0.00%
6.93%
4.56%
2.38%
Hispanic
6
Table 4. Loan Characteristics – 2014 DOWN PAYMENT Yes No # of loans with down payment % of Acquisition Cost5 Mean Median LOAN TYPE Conventional FHA RD VA PITI Mean Median less than $300 $300-399 $400-499 $500-599 $600-699 $700-799 $800-899 $900 or more PITI % of INCOME Mean Median less than 15% 15-19% 20-24% 25-29% 30% or more TARGETED AREA6 Yes No
5 6
ALL
GS
GA
GR
GC
GC+
NS
97.11% 2.89% 1,645
100.00% 0.00% 15
0.00% 100.00% 0
100.00% 0.00% 1
59.41% 40.59% 60
99.53% 0.47% 1,484
100.00% 0.00% 85
5.29% 3.50%
3.55% 3.50%
NA NA
15.00% 15.00%
13.28% 5.00%
3.65% 3.50%
28.77% 25.00%
ALL
GS
GA
GR
GC
GC+
NS
6.02% 90.61% 1.48% 1.89%
0.00% 100.00% 0.00% 0.00%
0.00% 0.00% 0.00% 100.00%
0.00% 100.00% 0.00% 0.00%
16.83% 40.59% 22.77% 19.80%
0.07% 99.06% 0.13% 0.74%
100.00% 0.00% 0.00% 0.00%
ALL
GS
GA
GR
GC
GC+
NS
$727 $708 0.83% 3.37% 10.75% 13.11% 19.55% 18.84% 14.94% 18.61%
$771 $714 0.00% 0.00% 20.00% 13.33% 13.33% 6.67% 6.67% 40.00%
$801 $801 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%
$365 $365 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$627 $644 0.99% 6.93% 18.81% 20.79% 14.85% 23.76% 6.93% 6.93%
$751 $724 0.47% 1.88% 7.11% 13.21% 20.99% 19.72% 16.36% 20.25%
$417 $429 7.14% 25.00% 64.29% 2.38% 1.19% 0.00% 0.00% 0.00%
ALL 18.10% 17.36%
GS 17.07% 16.29%
GA 24.50% 24.50%
GR 17.22% 17.22%
GC 17.78% 16.85%
GC+ 18.02% 17.36%
NS 20.07% 17.76%
26.17% 39.10% 22.98% 8.86% 2.89%
40.00% 26.67% 20.00% 0.00% 13.33%
0.00% 0.00% 0.00% 100.00% 0.00%
0.00% 100.00% 0.00% 0.00% 0.00%
31.68% 33.66% 21.78% 9.90% 2.97%
26.09% 39.17% 22.80% 9.12% 2.82%
19.05% 46.43% 28.57% 3.57% 2.38%
ALL
GS
GA
GR
GC
GC+
NS
11.10% 88.90%
33.33% 66.67%
0.00% 100.00%
0.00% 100.00%
26.73% 73.27%
9.52% 90.48%
16.67% 83.33%
Down payment as percent of acquisition cost is calculated only for the loans with a down payment. Even though the first-time homeownership requirement is waived for someone who purchases a home in a targeted area, only one THDA borrower was not a first-time homebuyer.
7
Table 5a. Geographic Distribution of Loans (Number and Percent) by Program, 2014 Percentage listed is within the program (column)
TENNESSEE Statewide GRAND DIVISIONS East Middle West URBAN-RURAL Central City Suburb Rural MSA Chattanooga Cleveland Johnson City Kingsport-Bristol Knoxville Morristown Clarksville Nashville Jackson Memphis East TN Non-MSA Middle TN Non-MSA West TN Non-MSA
ALL 1695 ALL 474 28.0% 989 58.3% 232 13.7% ALL 547 32.3% 1,050 61.9% 98 5.8% ALL 122 7.2% 51 3.0% 15 0.9% 22 1.3% 192 11.3% 19 1.1% 71 4.2% 888 52.4% 19 1.1% 198 11.7% 53 3.1% 30 1.8% 15 0.9%
GS 15 GS 3 8 4 GS 3 10 2 GS 1 0 1 0 1 0 0 8 0 2 0 0 2
0.9% 20.0% 53.3% 26.7% 20.0% 66.7% 13.3% 6.7% 0.0% 6.7% 0.0% 6.7% 0.0% 0.0% 53.3% 0.0% 13.3% 0.0% 0.0% 13.3%
GA 1 0.1% GA 0 0.0% 1 100.0% 0 0.0% GA 0 0.0% 1 100.0% 0 0.0% GA 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0%
GR 1 0.1% GR 0 0.0% 1 100.0% 0 0.0% GR 0 0.0% 1 100.0% 0 0.0% GR 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0%
GC 101 GC 44 49 8 GC 22 55 24 GC 4 2 1 2 19 5 2 35 0 7 11 12 1
6.0% 43.6% 48.5% 7.9% 21.8% 54.5% 23.8% 4.0% 2.0% 1.0% 2.0% 18.8% 5.0% 2.0% 34.7% 0.0% 6.9% 10.9% 11.9% 1.0%
GC+ 1492 88.0% GC+ 383 25.7% 894 59.9% 215 14.4% GC+ 489 32.8% 941 63.1% 62 4.2% GC+ 113 7.6% 46 3.1% 10 0.7% 15 1.0% 152 10.2% 13 0.9% 69 4.6% 809 54.2% 19 1.3% 184 12.3% 34 2.3% 16 1.1% 12 0.8%
NS 85 NS 44 36 5 NS 33 42 10 NS 4 3 3 5 20 1 0 34 0 5 8 2 0
8
5.0% 51.8% 42.4% 5.9% 38.8% 49.4% 11.8% 4.7% 3.5% 3.5% 5.9% 23.5% 1.2% 0.0% 40.0% 0.0% 5.9% 9.4% 2.4% 0.0%
Table 5b. Geographic Distribution of Loan Dollars by Program, 2014 TENNESSEE Statewide GRAND DIV. East Middle West URBAN-RURAL Central City Suburb Rural MSA Chattanooga Cleveland Johnson City Kingsport-Bristol Knoxville Morristown Clarksville Nashville Jackson Memphis East Non-MSA Middle Non-MSA West Non-MSA
ALL $197,764,465 ALL $47,007,864 $126,529,234 $24,227,367 ALL $60,988,231 $128,385,957 $8,390,277 ALL $13,377,391 $4,740,268 $1,372,210 $2,024,728 $19,374,080 $1,721,516 $7,917,026 $115,842,548 $1,790,828 $21,213,593 $4,397,671 $2,769,660 $1,222,946
GS $1,745,206 GS $257,744 $1,019,645 $467,817 GS $280,327 $1,334,780 $130,099 GS $95,733 $0 $68,732 $0 $93,279 $0 $0 $1,019,645 $0 $337,718 $0 $0 $130,099
GA $148,015 GA $0 $148,015 $0 GA $0 $148,015 $0 GA $0 $0 $0 $0 $0 $0 $0 $148,015 $0 $0 $0 $0 $0
GR $52,757 GR $0 $52,757 $0 GR $0 $52,757 $0 GR $0 $0 $0 $0 $0 $0 $0 $52,757 $0 $0 $0 $0 $0
GC $10,094,799 GC $4,051,425 $5,556,930 $486,444 GC $1,901,484 $5,909,348 $2,283,967 GC $350,493 $159,506 $82,500 $231,872 $1,746,888 $506,481 $206,853 $4,189,795 $0 $336,444 $973,685 $1,160,282 $150,000
GC+ $178,372,098 GC+ $39,144,163 $116,345,504 $22,882,431 GC+ $56,094,043 $116,993,243 $5,284,812 GC+ $12,575,665 $4,388,379 $916,978 $1,383,537 $15,870,107 $1,137,035 $7,710,173 $107,165,828 $1,790,828 $20,148,756 $2,872,462 $1,469,503 $942,847
NS $7,351,590 NS $3,554,532 $3,406,383 $390,675 NS $2,712,377 $3,947,814 $691,399 NS $355,500 $192,383 $304,000 $409,319 $1,663,806 $78,000 $0 $3,266,508 $0 $390,675 $551,524 $139,875 $0
9
Table 6. Number of Mortgages by Program and County – 2014 COUNTY
ALL
GA
GR
ANDERSON
15
0.9%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
13
0.9%
0
0.0%
BEDFORD
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
1
1.2%
BENTON
0
BLEDSOE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
BLOUNT
26
1.5%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
18
1.2%
6
7.1%
BRADLEY
46
2.7%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
42
2.8%
3
3.6%
CAMPBELL
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
CANNON
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
3
0.2%
0
0.0%
CARROLL
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
CARTER
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
CHEATHAM
6
0.4%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
5
0.3%
0
0.0%
CHESTER
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
CLAIBORNE
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
CLAY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
COCKE
6
0.4%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
5
0.3%
0
0.0%
COFFEE
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
CROCKETT
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
CUMBERLAND
GS
GC
GC+
NS
8
0.5%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
1
0.1%
3
3.6%
446
26.3%
2
13.3%
0
0.0%
0
0.0%
20
19.8%
401
26.9%
23
27.4%
DECATUR
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
DEKALB
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
DICKSON
7
0.4%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
5
0.3%
2
2.4%
DYER
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
FAYETTE
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
FENTRESS
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
FRANKLIN
1
0.1%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
0
0.0%
0
0.0%
GIBSON
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
GILES
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
GRAINGER
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
1
1.2%
GREENE
9
0.5%
0
0.0%
0
0.0%
0
0.0%
3
3.0%
6
0.4%
0
0.0%
GRUNDY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HAMBLEN
12
0.7%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
9
0.6%
1
1.2%
HAMILTON
120
7.1%
1
6.7%
0
0.0%
0
0.0%
4
4.0%
111
7.4%
4
4.8%
HANCOCK
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HARDEMAN
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
HARDIN
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HAWKINS
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
3
0.2%
0
0.0%
HAYWOOD
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
HENDERSON
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
HENRY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
DAVIDSON
10
Table 6. Number of Mortgages by Program and County – 2014, Continued COUNTY
ALL
GS
GA
GR
GC
GC+
NS
HICKMAN
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
HOUSTON
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HUMPHREYS
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
JACKSON
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
JEFFERSON
7
0.4%
0
0.0%
0
0.0%
0
0.0%
3
3.0%
4
0.3%
0
0.0%
JOHNSON
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
2.4%
KNOX
122
7.2%
1
6.7%
0
0.0%
0
0.0%
5
5.0%
108
7.2%
8
9.5%
LAKE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
LAUDERDALE
4
0.2%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
LAWRENCE
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
LEWIS
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
LINCOLN
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
LOUDON
13
0.8%
0
0.0%
0
0.0%
0
0.0%
5
5.0%
5
0.3%
3
3.6%
MACON
1
0.1%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
MADISON
18
1.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
18
1.2%
0
0.0%
MARION
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
MARSHALL
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
MAURY
34
2.0%
1
6.7%
0
0.0%
0
0.0%
2
2.0%
28
1.9%
3
3.6%
MCMINN
5
0.3%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
4
0.3%
0
0.0%
MCNAIRY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
MEIGS
4
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
4
0.3%
0
0.0%
MONROE
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
3
0.2%
0
0.0%
71
4.2%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
69
4.6%
0
0.0%
MOORE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
MORGAN
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
2.4%
OBION
1
0.1%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
OVERTON
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
PERRY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
PICKETT
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
POLK
5
0.3%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
4
0.3%
0
0.0%
PUTNAM
5
0.3%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
0
0.0%
1
1.2%
RHEA
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
ROANE
8
0.5%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
4
0.3%
0
0.0%
MONTGOMERY
ROBERTSON
21
1.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
20
1.3%
0
0.0%
RUTHERFORD
234
13.8%
2
13.3%
0
0.0%
0
0.0%
8
7.9%
224
15.0%
0
0.0%
SCOTT
4
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
3
3.6%
SEQUATCHIE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
SEVIER
7
0.4%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
6
0.4%
0
0.0%
SHELBY
186
11.0%
2
13.3%
0
0.0%
0
0.0%
5
5.0%
174
11.7%
5
6.0%
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
SMITH
11
Table 6. Mortgages (Number and Percent) by Program and County – 2014, Continued COUNTY
ALL
GS
GA
GR
GC
GC+
NS
STEWART
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
SULLIVAN
18
1.1%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
12
0.8%
5
6.0%
SUMNER
67
4.0%
0
0.0%
1
100.0%
1
100.0%
1
1.0%
62
4.2%
2
2.4%
TIPTON
9
0.5%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
8
0.5%
0
0.0%
TROUSDALE
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
UNICOI
1
0.1%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
UNION
1
0.1%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
0
0.0%
0
0.0%
VAN BUREN
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
WARREN
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
13
0.8%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
9
0.6%
3
3.6%
WAYNE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
WEAKLEY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
WHITE
4
0.2%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
0
0.0%
0
0.0%
WILLIAMSON
31
1.8%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
27
1.8%
3
3.6%
WILSON
31
1.8%
1
6.7%
0
0.0%
0
0.0%
1
1.0%
28
1.9%
1
1.2%
WASHINGTON
12
Table 7. Dollar Amount of Mortgages by Program and County – 2014 COUNTY ANDERSON BEDFORD BENTON BLEDSOE BLOUNT BRADLEY CAMPBELL CANNON CARROLL CARTER CHEATHAM CHESTER CLAIBORNE CLAY COCKE COFFEE CROCKETT CUMBERLAND
ALL
GS
GA
GR
GC
GC+
NS
$1,461,593
$0
$0
$0
$118,228
$1,343,365
$0
$369,813
$0
$0
$0
$100,000
$201,188
$68,625
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,663,462
$0
$0
$0
$219,720
$1,923,140
$520,602
$4,366,770
$0
$0
$0
$122,244
$4,052,143
$192,383
$196,278
$0
$0
$0
$0
$196,278
$0
$322,617
$0
$0
$0
$118,877
$203,740
$0
$0
$0
$0
$0
$0
$0
$0
$88,270
$0
$0
$0
$0
$88,270
$0
$830,542
$0
$0
$0
$154,081
$676,461
$0
$57,931
$0
$0
$0
$0
$57,931
$0
$163,974
$0
$0
$0
$0
$163,974
$0
$0
$0
$0
$0
$0
$0
$0
$404,094
$0
$0
$0
$62,742
$341,352
$0
$298,818
$0
$0
$0
$155,268
$143,550
$0
$0
$0
$0
$0
$0
$0
$0
$642,990
$0
$0
$0
$290,727
$273,000
DAVIDSON DECATUR DEKALB DICKSON DYER FAYETTE FENTRESS FRANKLIN GIBSON GILES GRAINGER GREENE GRUNDY HAMBLEN
$57,498,247
$243,408
$0
$0
$2,152,660
$2,148,183
$0
$0
$0
$0
$0
$79,263 $52,953,99 6 $0
$240,561
$0
$0
$0
$0
$240,561
$0
$734,626
$0
$0
$0
$0
$525,601
$209,025
$126,270
$0
$0
$0
$0
$126,270
$0
$392,536
$0
$0
$0
$70,483
$322,053
$0
$0
$0
$0
$0
$0
$0
$0
HAMILTON HANCOCK HARDEMAN HARDIN HAWKINS HAYWOOD HENDERSON HENRY HICKMAN HOUSTON
$0
$62,840
$0
$0
$0
$62,840
$0
$0
$296,301
$0
$0
$0
$150,000
$146,301
$0
$0
$0
$0
$0
$0
$0
$0
$232,722
$0
$0
$0
$0
$130,722
$102,000
$769,998
$0
$0
$0
$278,666
$491,332
$0
$0
$0
$0
$0
$0
$0
$0
$1,153,626
$0
$0
$0
$246,036
$78,000
$13,216,463
$95,733
$0
$0
$350,493
$355,500
$0
$0
$0
$0
$0
$829,590 $12,414,73 7 $0
$117,471
$0
$0
$0
$0
$117,471
$0
$0
$0
$0
$0
$0
$0
$0
$0
$312,911
$0
$0
$0
$112,418
$200,493
$0
$278,855
$0
$0
$0
$0
$278,855
$0
$84,442
$0
$0
$0
$0
$84,442
$0
$0
$0
$0
$0
$0
$0
$0
$265,501
$0
$0
$0
$0
$265,501
$0
$0
$0
$0
$0
$0
$0
$0
13
Table 7. Dollar Amount of Mortgages by Program and County – 2014, Continued COUNTY HUMPHREYS JACKSON JEFFERSON JOHNSON KNOX LAKE LAUDERDALE LAWRENCE LEWIS LINCOLN LOUDON MACON MADISON MARION MARSHALL MAURY MCMINN MCNAIRY MEIGS MONROE MONTGOMERY MOORE MORGAN OBION OVERTON PERRY PICKETT POLK PUTNAM RHEA ROANE ROBERTSON RUTHERFORD SCOTT SEQUATCHIE SEVIER SHELBY SMITH STEWART SULLIVAN SUMNER TIPTON
ALL
GS
GA
GR
GC
GC+
NS
$47,130
$0
$0
$0
$0
$47,130
$0
$0
$0
$0
$0
$0
$0
$0
$567,890
$0
$0
$0
$260,445
$307,445
$0
$190,500
$0
$0
$0
$0
$0
$190,500
$12,561,081
$93,279
$0
$0
$512,130
$11,329,472
$626,200
$0
$0
$0
$0
$0
$0
$0
$250,875
$61,367
$0
$0
$0
$189,508
$0
$52,040
$0
$0
$0
$0
$52,040
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,290,650
$0
$0
$0
$443,210
$567,796
$279,644
$71,677
$71,677
$0
$0
$0
$0
$0
$1,732,897
$0
$0
$0
$0
$1,732,897
$0
$160,928
$0
$0
$0
$0
$160,928
$0
$440,866
$0
$0
$0
$171,830
$269,036
$0
$4,009,057
$76,587
$0
$0
$303,380
$3,310,340
$318,750
$349,216
$0
$0
$0
$71,428
$277,788
$0
$0
$0
$0
$0
$0
$0
$0
$333,569
$0
$0
$0
$0
$333,569
$0
$399,782
$0
$0
$0
$117,000
$282,782
$0
$7,917,026
$0
$0
$0
$206,853
$7,710,173
$0
$0
$0
$0
$0
$0
$0
$0
$135,360
$0
$0
$0
$0
$0
$135,360
$68,732
$68,732
$0
$0
$0
$0
$0
$68,633
$0
$0
$0
$0
$68,633
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$373,498
$0
$0
$0
$37,262
$336,236
$0
$506,736
$0
$0
$0
$435,486
$0
$71,250
$185,084
$0
$0
$0
$0
$185,084
$0
$735,892
$0
$0
$0
$356,558
$379,334
$0
$2,726,314
$0
$0
$0
$133,816
$2,592,498
$0
$29,405,040
$344,444
$0
$0
$946,964
$28,113,632
$0
$159,701
$0
$0
$0
$0
$71,677
$88,024
$0
$0
$0
$0
$0
$0
$0
$798,763
$0
$0
$0
$153,122
$645,641
$0
$19,996,752
$337,718
$0
$0
$190,881
$19,077,478
$390,675
$82,478
$0
$0
$0
$0
$82,478
$0
$341,518
$0
$0
$0
$0
$341,518
$0
$1,711,817
$0
$0
$0
$119,454
$1,183,044
$409,319
$9,468,001
$0
$148,015
$52,757
$176,739
$8,925,490
$165,000
$824,305
$0
$0
$0
$75,080
$749,225
$0
14
Table 7. Dollar Amount of Mortgages by Program and County – 2014, Continued COUNTY TROUSDALE UNICOI UNION VAN BUREN WARREN WASHINGTON WAYNE WEAKLEY WHITE WILLIAMSON WILSON
ALL
GS
GA
GR
GC
GC+
NS
$296,529
$0
$0
$0
$0
$296,529
$0
$68,732
$68,732
$0
$0
$0
$0
$0
$97,042
$0
$0
$0
$97,042
$0
$0
$0
$0
$0
$0
$0
$0
$0
$105,847
$0
$0
$0
$0
$105,847
$0
$1,215,208
$0
$0
$0
$82,500
$828,708
$304,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$234,858
$0
$0
$0
$234,858
$0
$0
$5,476,813
$137,464
$0
$0
$0
$5,021,724
$317,625
$4,655,106
$146,065
$0
$0
$203,278
$4,197,838
$107,925
15
Table 9. Selected Characteristics by County – 2014 Borrower Characteristics
COUNTY
ANDERSON BEDFORD BENTON BLEDSOE BLOUNT BRADLEY CAMPBELL CANNON CARROLL CARTER CHEATHAM CHESTER CLAIBORNE CLAY COCKE COFFEE CROCKETT CUMBERLAND DAVIDSON DECATUR DEKALB DICKSON DYER FAYETTE FENTRESS FRANKLIN GIBSON GILES GRAINGER GREENE GRUNDY HAMBLEN HAMILTON HANCOCK HARDEMAN HARDIN HAWKINS HAYWOOD HENDERSON HENRY
# Loans
Service Index
15 4 0 0 26 46 2 4 0 1 6 1 2 0 6 3 0 8 446 0 2 7 2 3 0 1 3 0 3 9 0 12 120 0 1 0 4 3 1 0
0.65 0.35 0.00 0.00 0.75 1.79 0.16 0.79 0.00 0.05 0.60 0.23 0.21 0.00 0.50 0.20 0.00 0.51 2.39 0.00 0.38 0.45 0.19 0.40 0.00 0.09 0.21 0.00 0.41 0.45 0.00 0.74 1.39 0.00 0.15 0.00 0.23 0.57 0.13 0.00
Property Characteristics
PITI: % Age* HH Size Income* Price Sq. Ft Year Built Income* – – – – – – – – – – – – – – – – – – – – AVERAGE VALUES – – – – – – – – – – – – – – –– –
40 37 NA NA 36 34 38 30 NA 42 30 34 31 NA 31 51 NA 38 35 NA 39 33 36 38 NA 24 45 NA 51 33 NA 40 36 NA 25 NA 24 44 25 NA
2 4 NA NA 3 3 4 2 NA 4 3 4 2 NA 2 3 NA 2 2 NA 2 3 4 1 NA 3 3 NA 2 3 NA 3 2 NA 4 NA 2 2 3 NA
$45,018 NA NA NA $45,204 $43,510 NA NA NA NA $58,774 NA NA NA $40,310 NA NA $39,259 $53,300 NA NA $54,038 NA NA NA NA NA NA NA $48,240 NA $47,378 $48,818 NA NA NA NA NA NA NA
$99,753 NA NA NA $116,493 $98,810 NA NA NA NA $139,990 NA NA NA $68,633 NA NA $90,864 $134,331 NA NA $116,286 NA NA NA NA NA NA NA $85,785 NA $99,783 $113,272 NA NA NA NA NA NA NA
1,348 1236 NA NA 1,383 1,287 1,485 1,339 NA 2,220 1,517 1,191 1,433 NA 1,417 1,632 NA 1,404 1,422 NA 1,681 1,466 1,350 1,898 NA 2,356 1,741 NA 1,429 1,589 NA 1,426 1,436 NA 1,360 NA 1,331 1,561 1,156 NA
1969 2007 NA NA 1987 1980 1985 1996 NA 2005 1981 1948 2000 NA 1998 1995 NA 1994 1986 NA 1996 1979 2003 2006 NA 2003 1991 NA 2007 2005 NA 1983 1972 NA 1993 NA 1999 1983 1998 NA
17.6% NA NA NA 16.5% 16.5% NA NA NA NA 17.8% NA NA NA 13.3% NA NA 14.1% 18.8% NA NA 14.5% NA NA NA NA NA NA NA 14.2% NA 15.0% 18.0% NA NA NA NA NA NA NA
16
Table 9. Selected Characteristics by County – 2014, Continued Borrower Characteristics COUNTY
HICKMAN HOUSTON HUMPHREYS JACKSON JEFFERSON JOHNSON KNOX LAKE LAUDERDALE LAWRENCE LEWIS LINCOLN LOUDON MACON MADISON MARION MARSHALL MAURY MCMINN MCNAIRY MEIGS MONROE MONTGOMERY MOORE MORGAN OBION OVERTON PERRY PICKETT POLK PUTNAM RHEA ROANE ROBERTSON RUTHERFORD SCOTT SEQUATCHIE SEVIER SHELBY SMITH
# Loans
Service Index
3 0 1 0 7 2 122 0 4 1 0 0 13 1 18 2 3 34 5 0 4 4 71 0 2 1 1 0 0 5 5 2 8 21 234 4 0 7 186 1
0.49 0.00 0.19 0.00 0.54 0.35 0.97 0.00 0.57 0.09 0.00 0.00 0.96 0.17 0.72 0.23 0.37 1.68 0.34 0.00 1.14 0.32 1.89 0.00 0.35 0.11 0.16 0.00 0.00 1.00 0.24 0.24 0.51 1.24 3.77 0.57 0.00 0.26 0.81 0.20
Property Characteristics
PITI: % Age* HH Size Income* Price* Sq. Ft Year Built Income* – – – – – – – – – – – – – – – – – – – – AVERAGE VALUES – – – – – – – – – – – –– –
33 NA 24 NA 38 46 32 NA 35 40 NA NA 42 38 42 27 27 33 37 NA 44 41 34 NA 52 30 27 NA NA 40 25 37 36 34 33 46 NA 39 35 34
4 NA 2 NA 2 2 2 NA 5 2 NA NA 3 1 3 4 2 3 3 NA 2 3 2 NA 3 2 3 NA NA 4 2 4 3 3 2 3 NA 3 2 4
NA NA NA NA $34,235 NA $46,760 NA NA NA NA NA $40,944 NA $46,239 NA NA $51,297 NA NA NA NA $48,696 NA NA NA NA NA NA NA NA NA $36,285 $59,231 $54,881 NA NA $46,176 $49,122 NA
NA NA NA NA $80,910 NA $107,288 NA NA NA NA NA $108,201 NA $98,200 NA NA $123,059 NA NA NA NA $112,969 NA NA NA NA NA NA NA NA NA $92,660 $132,052 $128,040 NA NA $115,464 $111,562 NA
1,612 NA 1,248 NA 1,678 1,102 1,266 NA 1,393 2,042 NA NA 1,479 1,512 1,772 1,426 1,803 1,456 1,512 NA 1,337 1,870 1,341 NA 1,056 1,248 2,016 NA NA 1,629 1,334 1,638 1,706 1,381 1,425 1,108 NA 1,602 1,697 1,387
1995 NA 2004 NA 2001 2014 1978 NA 1969 1940 NA NA 2001 2000 1985 1953 2006 1989 1995 NA 1990 2006 1990 NA 2014 2008 2001 NA NA 1997 1997 1989 2006 1989 1998 2009 NA 1999 1982 1957
NA NA NA NA 18.7% NA 17.4% NA NA NA NA NA 17.3% NA 18.4% NA NA 21.1% NA NA NA NA 18.2% NA NA NA NA NA NA NA NA NA 19.4% 16.7% 17.8% NA NA 17.8% 19.3% NA
17
Table 9. Selected Characteristics by County – 2014, Continued Borrower Characteristics
COUNTY
STEWART SULLIVAN SUMNER TIPTON TROUSDALE UNICOI UNION VAN BUREN WARREN WASHINGTON WAYNE WEAKLEY WHITE WILLIAMSON WILSON
# Loans
3 18 67 9 2 1 1 0 2 13 0 0 4 31 31
Service Index
0.87 0.40 1.71 0.66 0.87 0.18 0.14 0.00 0.19 0.39 0.00 0.00 0.55 1.32 1.26
Age*
HH Size
Income*
Property Characteristics Price*
Sq. Ft
Year Built
PITI % Income*
– – – – – – – – – – – – – – – – – – – – – AVERAGE VALUES – – – – – – – – – – – –
42 40 35 37 27 22 66 NA 31 40 NA NA 43 35 34
3 3 3 3 3 2 2 NA 3 3 NA NA 3 3 3
NA $44,165 $57,208 $55,695 NA NA NA NA NA $39,217 NA NA NA $58,939 $61,448
NA $108,894 $144,793 $93,117 NA NA NA NA NA $102,577 NA NA NA $183,287 $153,801
1,232 1,395 1,574 1,532 1,704 1,124 1,478 NA 1,140 1,284 NA NA 1,243 1,665 1,604
1988 1989 1988 1991 2011 1940 2014 NA 2003 1981 NA NA 1980 1999 1988
NA 15.6% 18.8% 15.0% NA NA NA NA NA 17.7% NA NA NA 20.9% 18.2%
*In the counties with 5 or less loans, the information about the borrower’s age, the income of the borrower and the acquisition cost are suppressed to protect the anonymity of the borrowers.
18
Map 1: Service Index by County, 20147
7
The service index is computed as a ratio derived from the distribution of all THDA loans and the distribution of eligible households in Tennessee, which are households whose median income fell between 30% and 100% of the state’s median income. This calculation is different than the previous years because we included both the renter and owner households in eligible population. This is more accurate because first-time homebuyer requirement is waived for borrowers who are purchasing a home in a targeted area and the veterans. Therefore, the current homeowners are also part of eligible population. Comprehensive Housing Affordability Strategies (CHAS) data was utilized in the analysis. We used 2007-2011 CHAS data to determine the eligible households for all the counties.
19
THDA SINGLE FAMILY LOAN PROGRAM REPORT Calendar Year 2014
Hulya Arik, Ph.D. THDA Economist
DIVISION OF RESEARCH AND PLANNING Tennessee Housing Development Agency Andrew Jackson Building 502 Deaderick St., Third Floor Nashville, TN 37243
Table 1. THDA Single Family Loans by Program and Year, 2010-2014 All Programs1,2 Total # of Loans
ALL
2010 2011 2012 2013 2014 Total Loan $
2010 2011 2012 2013 2014 Avg. Loan $
2010 2011 2012 2013 2014
Great Start GS
2,618 2,160 2,129 2,070 1,695 ALL $275,056,329 $226,417,799 $236,611,866 $241,026,854 $197,972,626 ALL $105,064 $104,775 $111,085 $116,382 $116,798
Great Advantage GA
1,820 1,805 1,845 1,647 15 GS $193,353,475 $192,466,951 $209,550,031 $196,077,100 $1,745,206 GS $106,238 $106,571 $113,516 $119,051 $116,347
Great Rate
Great Choice
GR 172 43 26 30 1
GA $19,181,071 $4,933,762 $3,211,610 $3,801,142 $148,015 GA $111,518 $114,739 $123,523 $126,705 $148,015
GC 496 200 139 182 1
GR $51,818,277 $19,445,504 $13,507,227 $20,203,614 $52,757 GR $104,472 $97,716 $97,174 $110,402 $52,757
Great Choice+3 GC+
8 101 GC
$918,118 $10,094,799 GC
$114,765 $99,949
New Start NS 130 112 119 103 85
100 1,492 GC+
$11,383,130 $178,486,978
NS $10,703,506 $9,071,582 $10,342,998 $8,643,750 $7,444,871
GC+
NS
$113,831 $119,629
$82,335 $80,996 $86,916 $83,920 $87,587
1
All Programs total include Great Rate, Great Advantage, Great Start, Great Choice, Great Choice Plus and New Start program loans. It also includes the loans with Homeownership for the Brave discount. It does not include the second loans. 2
3
The second loans of borrowers who used the Great Choice Plus Program are not included in the all program totals, total loan value or the average loan value of all loans.
In addition to 1695 first loans in 2014, 1,492 second loans in the amount of $7.3 million were funded, but the number of all loans and total and average loan values are for only the first loans, second loans are not included in the loan numbers and total and average loan amounts.
Table 2. Property Characteristics4 – 2014 NEW OR EXISTING NEW Average Price Median Price Number of Homes EXISTING Average Price Median Price Number of Homes Number of Homes (New and Existing) % of Homes New % of Homes Existing SALES PRICE Mean Median Less than $60,000 $60,000-$79,999 $80,000-$89,999 $90,000-$99,999 $100,000-$109,999 $110,000-$119,999 $120,000-$129,999 $130,000-$139,999 $140,000-$149,999 $150,000-$159,999 $160,000-$169,999 $170,000-$179,999 $180,000-$189,999 $190,000-$199,999 $200,000 and above
ALL
GS
GA
GR
GC
GC+
NS
$141,101 $139,500 208
$168,110 $167,300 5
NA NA 0
NA NA 0
$125,727 $131,607 18
$156,198 $154,000 105
$123,057 $124,688 80
$118,205 $115,000 1,487
$93,690 $85,500 10
$144,900 $144,900 1
$61,000 $61,000 1
$103,233 $100,000 83
$119,336 $115,300 1,387
$108,400 $110,000 5
1,695
15
1
1
101
1,492
85
12.27% 87.73% ALL $121,015 $117,500 2.54% 9.10% 8.39% 8.92% 10.22% 12.88% 11.22% 10.69% 7.50% 5.91% 3.90% 2.84% 1.65% 1.12% 3.13%
33.33% 66.67% GS $118,497 $97,500 0.00% 33.33% 0.00% 20.00% 0.00% 0.00% 0.00% 0.00% 20.00% 6.67% 6.67% 0.00% 6.67% 0.00% 6.67%
0.00% 100.00% GA $144,900 $144,900 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 100.00% GR $61,000 $61,000 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
17.82% 82.18% GC
7.04% 92.96% GC+
$107,242 $105,000 6.93% 15.84% 14.85% 8.91% 8.91% 10.89% 5.94% 7.92% 5.94% 5.94% 0.00% 2.97% 2.97% 1.98% 0.00%
$121,933 $118,000 2.41% 8.72% 8.45% 8.72% 10.26% 13.35% 11.07% 10.13% 7.38% 5.90% 4.36% 3.02% 1.61% 1.14% 3.49%
94.12% 5.88% NS $122,169 $124,375 0.00% 2.38% 1.19% 10.71% 13.10% 9.52% 22.62% 26.19% 8.33% 5.95% 0.00% 0.00% 0.00% 0.00% 0.00%
4
The Great Choice Program in this table refers to the loans whose borrowers did not require a second loan for downpayment and/or closing costs. The Great Choice Plus Program refers to the first loans whose borrowers took second loan for downpayment and/or closing costs. The second loans are not included in the discussion of those characteristics.
3
Table 2. Property Characteristics – 2014, Continued SQUARE FEET Mean Median less than 1,000 1,000-1,250 1,251-1,500 1,501-1,750 more than 1,750 YEAR BUILT Mean (year built) Median (year built) before 1950 1950s 1960s 1970s 1980s 1990s 2000s 2011 2012 2013 2014
ALL 1,459 1,383 6.85% 27.70% 26.34% 18.31% 20.79% ALL 1987 1993 7.44% 7.09% 8.45% 11.81% 11.58% 15.36% 23.92% 0.53% 0.35% 3.25% 10.22%
GS 1,473 1,483 6.67% 33.33% 26.67% 13.33% 20.00% GS 1988 2000 13.33% 6.67% 0.00% 6.67% 6.67% 13.33% 20.00% 0.00% 0.00% 33.33% 0.00%
GA 1,548 1,548 0.00% 0.00% 0.00% 100.00% 0.00% GA 1994 1994 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
GR 1,292 1,292 0.00% 0.00% 100.00% 0.00% 0.00% GR 1945 1945 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
GC 1,516 1,478 6.93% 14.85% 29.70% 25.74% 22.77% GC 1990 1996 8.91% 3.96% 7.92% 11.88% 9.90% 11.88% 21.78% 0.00% 0.00% 4.95% 18.81%
GC+ 1,467 1,395 7.11% 26.96% 25.75% 18.44% 21.73% GC+ 1985 1990 7.65% 7.71% 9.05% 12.54% 12.41% 16.43% 25.49% 0.60% 0.40% 1.61% 6.10%
NS 1,244 1,155 2.38% 55.95% 32.14% 7.14% 2.38% NS 2014 2014 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.00% 75.00%
4
Table 3. Homebuyer Characteristics – 2014 AGE Mean Median
ALL 35 32 19.08% 22.09% 18.78% 12.46% 8.56% 19.02% ALL 99.94% 0.06% ALL 44.83% 55.17%
GS 32 30 13.33% 33.33% 13.33% 20.00% 13.33% 6.67% GS 100.00% 0.00% GS 46.67% 53.33%
GA 29 29 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% GA 100.00% 0.00% GA 0.00% 100.00%
GR 27 27 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% GR 100.00% 0.00% GR 100.00% 0.00%
GC 38 33 20.79% 14.85% 17.82% 10.89% 6.93% 28.71% GC 99.01% 0.99% GC 37.62% 62.38%
GC+ 35 31 19.65% 22.74% 18.98% 11.67% 8.85% 18.11% GC+ 100.00% 0.00% GC+ 44.20% 55.80%
NS 38 36 8.33% 15.48% 17.86% 27.38% 4.76% 26.19% NS 100.00% 0.00% NS 64.29% 35.71%
1 Person
ALL 2 2 32.66%
GS 2 2 26.67%
GA 1 1 100.00%
GR 2 2 0.00%
GC 2 2 30.69%
GC+ 2 2 34.07%
NS 3 3 10.71%
2 Person
27.58%
40.00%
0.00%
100.00%
32.67%
27.57%
19.05%
3 Person
19.26%
13.33%
0.00%
0.00%
13.86%
18.91%
33.33%
4 Person
12.88%
6.67%
0.00%
0.00%
13.86%
12.74%
15.48%
5+ Person
7.62%
13.33%
0.00%
0.00%
GS
GA
GR
6.71% GC+
21.43%
ALL
8.91% GC
Female (single)
19.31%
26.67%
0.00%
0.00%
14.85%
19.99%
11.90%
Female with child(ren)
14.71%
20.00%
0.00%
100.00%
8.91%
13.41%
42.86%
Male (single)
18.78%
13.33%
100.00%
0.00%
24.75%
19.25%
3.57%
Male with child(ren)
5.67%
0.00%
0.00%
0.00%
3.96%
5.90%
4.76%
Single Parent
2.13%
0.00%
0.00%
0.00%
0.99%
2.21%
2.38%
38.33%
40.00%
0.00%
0.00%
45.54%
38.43%
28.57%
1.06%
0.00%
0.00%
0.00%
0.99%
0.80%
5.95%
less than 25 25-29 30-34 35-39 40-44 45 and over FIRST-TIME BUYER Yes No GENDER Female Male HOUSEHOLD SIZE Mean Median
HOUSEHOLD COMP.
Married Couple Other
NS
5
Table 3. Homebuyer Characteristics – 2014, Continued INCOME Mean
ALL 50,781
GS 58,191
GA 39,228
GR 25,443
GC 44,882
GC+ 52,410
NS 28,067
Median
50,688
60,596
39,228
25,443
44,668
52,642
28,022
less than $15,000
0.35%
0.00%
0.00%
0.00%
0.00%
0.13%
4.76%
$15,000-$19,999
0.89%
0.00%
0.00%
0.00%
1.98%
0.40%
8.33%
$20,000-$24,999
2.48%
6.67%
0.00%
0.00%
3.96%
1.54%
16.67%
$25,000-$29,999
5.49%
0.00%
0.00%
100.00%
7.92%
3.96%
29.76%
$30,000-$34,999
7.62%
0.00%
0.00%
0.00%
7.92%
6.98%
20.24%
$35,000-$39,999
10.45%
6.67%
100.00%
0.00%
16.83%
9.59%
17.86%
$40,000-$44,999
10.45%
0.00%
0.00%
0.00%
13.86%
10.80%
2.38%
$45,000-$49,999
10.99%
33.33%
0.00%
0.00%
13.86%
11.20%
0.00%
$50,000-$54,999
11.16%
0.00%
0.00%
0.00%
10.89%
11.94%
0.00%
$55,000-$59,999
10.69%
0.00%
0.00%
0.00%
7.92%
11.60%
0.00%
$60,000-$64,999
10.04%
26.67%
0.00%
0.00%
5.94%
10.73%
0.00%
$65,000-$69,999
7.50%
6.67%
0.00%
0.00%
2.97%
8.25%
0.00%
$70,000-$74,999
5.97%
6.67%
0.00%
0.00%
3.96%
6.44%
0.00%
More than $75,000 RACE/ETHNICITY White African American Asian American Indian/Alaskan Native Nat. Hawaiian/Pacific Islander Multi-Racial Unknown/Other
5.91% ALL 73.54% 24.04% 1.30% 0.00% 0.18% 0.00% 0.95%
13.33% GS 80.00% 20.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% GA 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% GR 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.98% GC 78.22% 18.81% 0.99% 0.00% 0.99% 0.00% 0.99%
6.44% GC+ 74.31% 23.14% 1.41% 0.00% 0.13% 0.00% 1.01%
0.00% NS 53.57% 46.43% 0.00% 0.00% 0.00% 0.00% 0.00%
4.61%
6.67%
0.00%
0.00%
6.93%
4.56%
2.38%
Hispanic
6
Table 4. Loan Characteristics – 2014 DOWN PAYMENT Yes No # of loans with down payment % of Acquisition Cost5 Mean Median LOAN TYPE Conventional FHA RD VA PITI Mean Median less than $300 $300-399 $400-499 $500-599 $600-699 $700-799 $800-899 $900 or more PITI % of INCOME Mean Median less than 15% 15-19% 20-24% 25-29% 30% or more TARGETED AREA6 Yes No
5 6
ALL
GS
GA
GR
GC
GC+
NS
97.11% 2.89% 1,645
100.00% 0.00% 15
0.00% 100.00% 0
100.00% 0.00% 1
59.41% 40.59% 60
99.53% 0.47% 1,484
100.00% 0.00% 85
5.29% 3.50%
3.55% 3.50%
NA NA
15.00% 15.00%
13.28% 5.00%
3.65% 3.50%
28.77% 25.00%
ALL
GS
GA
GR
GC
GC+
NS
6.02% 90.61% 1.48% 1.89%
0.00% 100.00% 0.00% 0.00%
0.00% 0.00% 0.00% 100.00%
0.00% 100.00% 0.00% 0.00%
16.83% 40.59% 22.77% 19.80%
0.07% 99.06% 0.13% 0.74%
100.00% 0.00% 0.00% 0.00%
ALL
GS
GA
GR
GC
GC+
NS
$727 $708 0.83% 3.37% 10.75% 13.11% 19.55% 18.84% 14.94% 18.61%
$771 $714 0.00% 0.00% 20.00% 13.33% 13.33% 6.67% 6.67% 40.00%
$801 $801 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%
$365 $365 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$627 $644 0.99% 6.93% 18.81% 20.79% 14.85% 23.76% 6.93% 6.93%
$751 $724 0.47% 1.88% 7.11% 13.21% 20.99% 19.72% 16.36% 20.25%
$417 $429 7.14% 25.00% 64.29% 2.38% 1.19% 0.00% 0.00% 0.00%
ALL 18.10% 17.36%
GS 17.07% 16.29%
GA 24.50% 24.50%
GR 17.22% 17.22%
GC 17.78% 16.85%
GC+ 18.02% 17.36%
NS 20.07% 17.76%
26.17% 39.10% 22.98% 8.86% 2.89%
40.00% 26.67% 20.00% 0.00% 13.33%
0.00% 0.00% 0.00% 100.00% 0.00%
0.00% 100.00% 0.00% 0.00% 0.00%
31.68% 33.66% 21.78% 9.90% 2.97%
26.09% 39.17% 22.80% 9.12% 2.82%
19.05% 46.43% 28.57% 3.57% 2.38%
ALL
GS
GA
GR
GC
GC+
NS
11.10% 88.90%
33.33% 66.67%
0.00% 100.00%
0.00% 100.00%
26.73% 73.27%
9.52% 90.48%
16.67% 83.33%
Down payment as percent of acquisition cost is calculated only for the loans with a down payment. Even though the first-time homeownership requirement is waived for someone who purchases a home in a targeted area, only one THDA borrower was not a first-time homebuyer.
7
Table 5a. Geographic Distribution of Loans (Number and Percent) by Program, 2014 Percentage listed is within the program (column)
TENNESSEE Statewide GRAND DIVISIONS East Middle West URBAN-RURAL Central City Suburb Rural MSA Chattanooga Cleveland Johnson City Kingsport-Bristol Knoxville Morristown Clarksville Nashville Jackson Memphis East TN Non-MSA Middle TN Non-MSA West TN Non-MSA
ALL 1695 ALL 474 28.0% 989 58.3% 232 13.7% ALL 547 32.3% 1,050 61.9% 98 5.8% ALL 122 7.2% 51 3.0% 15 0.9% 22 1.3% 192 11.3% 19 1.1% 71 4.2% 888 52.4% 19 1.1% 198 11.7% 53 3.1% 30 1.8% 15 0.9%
GS 15 GS 3 8 4 GS 3 10 2 GS 1 0 1 0 1 0 0 8 0 2 0 0 2
0.9% 20.0% 53.3% 26.7% 20.0% 66.7% 13.3% 6.7% 0.0% 6.7% 0.0% 6.7% 0.0% 0.0% 53.3% 0.0% 13.3% 0.0% 0.0% 13.3%
GA 1 0.1% GA 0 0.0% 1 100.0% 0 0.0% GA 0 0.0% 1 100.0% 0 0.0% GA 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0%
GR 1 0.1% GR 0 0.0% 1 100.0% 0 0.0% GR 0 0.0% 1 100.0% 0 0.0% GR 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0%
GC 101 GC 44 49 8 GC 22 55 24 GC 4 2 1 2 19 5 2 35 0 7 11 12 1
6.0% 43.6% 48.5% 7.9% 21.8% 54.5% 23.8% 4.0% 2.0% 1.0% 2.0% 18.8% 5.0% 2.0% 34.7% 0.0% 6.9% 10.9% 11.9% 1.0%
GC+ 1492 88.0% GC+ 383 25.7% 894 59.9% 215 14.4% GC+ 489 32.8% 941 63.1% 62 4.2% GC+ 113 7.6% 46 3.1% 10 0.7% 15 1.0% 152 10.2% 13 0.9% 69 4.6% 809 54.2% 19 1.3% 184 12.3% 34 2.3% 16 1.1% 12 0.8%
NS 85 NS 44 36 5 NS 33 42 10 NS 4 3 3 5 20 1 0 34 0 5 8 2 0
8
5.0% 51.8% 42.4% 5.9% 38.8% 49.4% 11.8% 4.7% 3.5% 3.5% 5.9% 23.5% 1.2% 0.0% 40.0% 0.0% 5.9% 9.4% 2.4% 0.0%
Table 5b. Geographic Distribution of Loan Dollars by Program, 2014 TENNESSEE Statewide GRAND DIV. East Middle West URBAN-RURAL Central City Suburb Rural MSA Chattanooga Cleveland Johnson City Kingsport-Bristol Knoxville Morristown Clarksville Nashville Jackson Memphis East Non-MSA Middle Non-MSA West Non-MSA
ALL $197,764,465 ALL $47,007,864 $126,529,234 $24,227,367 ALL $60,988,231 $128,385,957 $8,390,277 ALL $13,377,391 $4,740,268 $1,372,210 $2,024,728 $19,374,080 $1,721,516 $7,917,026 $115,842,548 $1,790,828 $21,213,593 $4,397,671 $2,769,660 $1,222,946
GS $1,745,206 GS $257,744 $1,019,645 $467,817 GS $280,327 $1,334,780 $130,099 GS $95,733 $0 $68,732 $0 $93,279 $0 $0 $1,019,645 $0 $337,718 $0 $0 $130,099
GA $148,015 GA $0 $148,015 $0 GA $0 $148,015 $0 GA $0 $0 $0 $0 $0 $0 $0 $148,015 $0 $0 $0 $0 $0
GR $52,757 GR $0 $52,757 $0 GR $0 $52,757 $0 GR $0 $0 $0 $0 $0 $0 $0 $52,757 $0 $0 $0 $0 $0
GC $10,094,799 GC $4,051,425 $5,556,930 $486,444 GC $1,901,484 $5,909,348 $2,283,967 GC $350,493 $159,506 $82,500 $231,872 $1,746,888 $506,481 $206,853 $4,189,795 $0 $336,444 $973,685 $1,160,282 $150,000
GC+ $178,372,098 GC+ $39,144,163 $116,345,504 $22,882,431 GC+ $56,094,043 $116,993,243 $5,284,812 GC+ $12,575,665 $4,388,379 $916,978 $1,383,537 $15,870,107 $1,137,035 $7,710,173 $107,165,828 $1,790,828 $20,148,756 $2,872,462 $1,469,503 $942,847
NS $7,351,590 NS $3,554,532 $3,406,383 $390,675 NS $2,712,377 $3,947,814 $691,399 NS $355,500 $192,383 $304,000 $409,319 $1,663,806 $78,000 $0 $3,266,508 $0 $390,675 $551,524 $139,875 $0
9
Table 6. Number of Mortgages by Program and County – 2014 COUNTY
ALL
GA
GR
ANDERSON
15
0.9%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
13
0.9%
0
0.0%
BEDFORD
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
1
1.2%
BENTON
0
BLEDSOE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
BLOUNT
26
1.5%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
18
1.2%
6
7.1%
BRADLEY
46
2.7%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
42
2.8%
3
3.6%
CAMPBELL
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
CANNON
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
3
0.2%
0
0.0%
CARROLL
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
CARTER
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
CHEATHAM
6
0.4%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
5
0.3%
0
0.0%
CHESTER
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
CLAIBORNE
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
CLAY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
COCKE
6
0.4%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
5
0.3%
0
0.0%
COFFEE
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
CROCKETT
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
CUMBERLAND
GS
GC
GC+
NS
8
0.5%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
1
0.1%
3
3.6%
446
26.3%
2
13.3%
0
0.0%
0
0.0%
20
19.8%
401
26.9%
23
27.4%
DECATUR
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
DEKALB
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
DICKSON
7
0.4%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
5
0.3%
2
2.4%
DYER
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
FAYETTE
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
FENTRESS
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
FRANKLIN
1
0.1%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
0
0.0%
0
0.0%
GIBSON
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
GILES
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
GRAINGER
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
1
1.2%
GREENE
9
0.5%
0
0.0%
0
0.0%
0
0.0%
3
3.0%
6
0.4%
0
0.0%
GRUNDY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HAMBLEN
12
0.7%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
9
0.6%
1
1.2%
HAMILTON
120
7.1%
1
6.7%
0
0.0%
0
0.0%
4
4.0%
111
7.4%
4
4.8%
HANCOCK
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HARDEMAN
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
HARDIN
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HAWKINS
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
3
0.2%
0
0.0%
HAYWOOD
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
HENDERSON
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
HENRY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
DAVIDSON
10
Table 6. Number of Mortgages by Program and County – 2014, Continued COUNTY
ALL
GS
GA
GR
GC
GC+
NS
HICKMAN
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
HOUSTON
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
HUMPHREYS
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
JACKSON
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
JEFFERSON
7
0.4%
0
0.0%
0
0.0%
0
0.0%
3
3.0%
4
0.3%
0
0.0%
JOHNSON
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
2.4%
KNOX
122
7.2%
1
6.7%
0
0.0%
0
0.0%
5
5.0%
108
7.2%
8
9.5%
LAKE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
LAUDERDALE
4
0.2%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
LAWRENCE
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
LEWIS
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
LINCOLN
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
LOUDON
13
0.8%
0
0.0%
0
0.0%
0
0.0%
5
5.0%
5
0.3%
3
3.6%
MACON
1
0.1%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
MADISON
18
1.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
18
1.2%
0
0.0%
MARION
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
MARSHALL
3
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
2
0.1%
0
0.0%
MAURY
34
2.0%
1
6.7%
0
0.0%
0
0.0%
2
2.0%
28
1.9%
3
3.6%
MCMINN
5
0.3%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
4
0.3%
0
0.0%
MCNAIRY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
MEIGS
4
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
4
0.3%
0
0.0%
MONROE
4
0.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
3
0.2%
0
0.0%
71
4.2%
0
0.0%
0
0.0%
0
0.0%
2
2.0%
69
4.6%
0
0.0%
MOORE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
MORGAN
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
2.4%
OBION
1
0.1%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
OVERTON
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
PERRY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
PICKETT
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
POLK
5
0.3%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
4
0.3%
0
0.0%
PUTNAM
5
0.3%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
0
0.0%
1
1.2%
RHEA
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
ROANE
8
0.5%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
4
0.3%
0
0.0%
MONTGOMERY
ROBERTSON
21
1.2%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
20
1.3%
0
0.0%
RUTHERFORD
234
13.8%
2
13.3%
0
0.0%
0
0.0%
8
7.9%
224
15.0%
0
0.0%
SCOTT
4
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
3
3.6%
SEQUATCHIE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
SEVIER
7
0.4%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
6
0.4%
0
0.0%
SHELBY
186
11.0%
2
13.3%
0
0.0%
0
0.0%
5
5.0%
174
11.7%
5
6.0%
1
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
1
0.1%
0
0.0%
SMITH
11
Table 6. Mortgages (Number and Percent) by Program and County – 2014, Continued COUNTY
ALL
GS
GA
GR
GC
GC+
NS
STEWART
3
0.2%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
3
0.2%
0
0.0%
SULLIVAN
18
1.1%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
12
0.8%
5
6.0%
SUMNER
67
4.0%
0
0.0%
1
100.0%
1
100.0%
1
1.0%
62
4.2%
2
2.4%
TIPTON
9
0.5%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
8
0.5%
0
0.0%
TROUSDALE
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
UNICOI
1
0.1%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
UNION
1
0.1%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
0
0.0%
0
0.0%
VAN BUREN
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
WARREN
2
0.1%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
2
0.1%
0
0.0%
13
0.8%
0
0.0%
0
0.0%
0
0.0%
1
1.0%
9
0.6%
3
3.6%
WAYNE
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
WEAKLEY
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0
0.0%
WHITE
4
0.2%
0
0.0%
0
0.0%
0
0.0%
4
4.0%
0
0.0%
0
0.0%
WILLIAMSON
31
1.8%
1
6.7%
0
0.0%
0
0.0%
0
0.0%
27
1.8%
3
3.6%
WILSON
31
1.8%
1
6.7%
0
0.0%
0
0.0%
1
1.0%
28
1.9%
1
1.2%
WASHINGTON
12
Table 7. Dollar Amount of Mortgages by Program and County – 2014 COUNTY ANDERSON BEDFORD BENTON BLEDSOE BLOUNT BRADLEY CAMPBELL CANNON CARROLL CARTER CHEATHAM CHESTER CLAIBORNE CLAY COCKE COFFEE CROCKETT CUMBERLAND
ALL
GS
GA
GR
GC
GC+
NS
$1,461,593
$0
$0
$0
$118,228
$1,343,365
$0
$369,813
$0
$0
$0
$100,000
$201,188
$68,625
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,663,462
$0
$0
$0
$219,720
$1,923,140
$520,602
$4,366,770
$0
$0
$0
$122,244
$4,052,143
$192,383
$196,278
$0
$0
$0
$0
$196,278
$0
$322,617
$0
$0
$0
$118,877
$203,740
$0
$0
$0
$0
$0
$0
$0
$0
$88,270
$0
$0
$0
$0
$88,270
$0
$830,542
$0
$0
$0
$154,081
$676,461
$0
$57,931
$0
$0
$0
$0
$57,931
$0
$163,974
$0
$0
$0
$0
$163,974
$0
$0
$0
$0
$0
$0
$0
$0
$404,094
$0
$0
$0
$62,742
$341,352
$0
$298,818
$0
$0
$0
$155,268
$143,550
$0
$0
$0
$0
$0
$0
$0
$0
$642,990
$0
$0
$0
$290,727
$273,000
DAVIDSON DECATUR DEKALB DICKSON DYER FAYETTE FENTRESS FRANKLIN GIBSON GILES GRAINGER GREENE GRUNDY HAMBLEN
$57,498,247
$243,408
$0
$0
$2,152,660
$2,148,183
$0
$0
$0
$0
$0
$79,263 $52,953,99 6 $0
$240,561
$0
$0
$0
$0
$240,561
$0
$734,626
$0
$0
$0
$0
$525,601
$209,025
$126,270
$0
$0
$0
$0
$126,270
$0
$392,536
$0
$0
$0
$70,483
$322,053
$0
$0
$0
$0
$0
$0
$0
$0
HAMILTON HANCOCK HARDEMAN HARDIN HAWKINS HAYWOOD HENDERSON HENRY HICKMAN HOUSTON
$0
$62,840
$0
$0
$0
$62,840
$0
$0
$296,301
$0
$0
$0
$150,000
$146,301
$0
$0
$0
$0
$0
$0
$0
$0
$232,722
$0
$0
$0
$0
$130,722
$102,000
$769,998
$0
$0
$0
$278,666
$491,332
$0
$0
$0
$0
$0
$0
$0
$0
$1,153,626
$0
$0
$0
$246,036
$78,000
$13,216,463
$95,733
$0
$0
$350,493
$355,500
$0
$0
$0
$0
$0
$829,590 $12,414,73 7 $0
$117,471
$0
$0
$0
$0
$117,471
$0
$0
$0
$0
$0
$0
$0
$0
$0
$312,911
$0
$0
$0
$112,418
$200,493
$0
$278,855
$0
$0
$0
$0
$278,855
$0
$84,442
$0
$0
$0
$0
$84,442
$0
$0
$0
$0
$0
$0
$0
$0
$265,501
$0
$0
$0
$0
$265,501
$0
$0
$0
$0
$0
$0
$0
$0
13
Table 7. Dollar Amount of Mortgages by Program and County – 2014, Continued COUNTY HUMPHREYS JACKSON JEFFERSON JOHNSON KNOX LAKE LAUDERDALE LAWRENCE LEWIS LINCOLN LOUDON MACON MADISON MARION MARSHALL MAURY MCMINN MCNAIRY MEIGS MONROE MONTGOMERY MOORE MORGAN OBION OVERTON PERRY PICKETT POLK PUTNAM RHEA ROANE ROBERTSON RUTHERFORD SCOTT SEQUATCHIE SEVIER SHELBY SMITH STEWART SULLIVAN SUMNER TIPTON
ALL
GS
GA
GR
GC
GC+
NS
$47,130
$0
$0
$0
$0
$47,130
$0
$0
$0
$0
$0
$0
$0
$0
$567,890
$0
$0
$0
$260,445
$307,445
$0
$190,500
$0
$0
$0
$0
$0
$190,500
$12,561,081
$93,279
$0
$0
$512,130
$11,329,472
$626,200
$0
$0
$0
$0
$0
$0
$0
$250,875
$61,367
$0
$0
$0
$189,508
$0
$52,040
$0
$0
$0
$0
$52,040
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,290,650
$0
$0
$0
$443,210
$567,796
$279,644
$71,677
$71,677
$0
$0
$0
$0
$0
$1,732,897
$0
$0
$0
$0
$1,732,897
$0
$160,928
$0
$0
$0
$0
$160,928
$0
$440,866
$0
$0
$0
$171,830
$269,036
$0
$4,009,057
$76,587
$0
$0
$303,380
$3,310,340
$318,750
$349,216
$0
$0
$0
$71,428
$277,788
$0
$0
$0
$0
$0
$0
$0
$0
$333,569
$0
$0
$0
$0
$333,569
$0
$399,782
$0
$0
$0
$117,000
$282,782
$0
$7,917,026
$0
$0
$0
$206,853
$7,710,173
$0
$0
$0
$0
$0
$0
$0
$0
$135,360
$0
$0
$0
$0
$0
$135,360
$68,732
$68,732
$0
$0
$0
$0
$0
$68,633
$0
$0
$0
$0
$68,633
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$373,498
$0
$0
$0
$37,262
$336,236
$0
$506,736
$0
$0
$0
$435,486
$0
$71,250
$185,084
$0
$0
$0
$0
$185,084
$0
$735,892
$0
$0
$0
$356,558
$379,334
$0
$2,726,314
$0
$0
$0
$133,816
$2,592,498
$0
$29,405,040
$344,444
$0
$0
$946,964
$28,113,632
$0
$159,701
$0
$0
$0
$0
$71,677
$88,024
$0
$0
$0
$0
$0
$0
$0
$798,763
$0
$0
$0
$153,122
$645,641
$0
$19,996,752
$337,718
$0
$0
$190,881
$19,077,478
$390,675
$82,478
$0
$0
$0
$0
$82,478
$0
$341,518
$0
$0
$0
$0
$341,518
$0
$1,711,817
$0
$0
$0
$119,454
$1,183,044
$409,319
$9,468,001
$0
$148,015
$52,757
$176,739
$8,925,490
$165,000
$824,305
$0
$0
$0
$75,080
$749,225
$0
14
Table 7. Dollar Amount of Mortgages by Program and County – 2014, Continued COUNTY TROUSDALE UNICOI UNION VAN BUREN WARREN WASHINGTON WAYNE WEAKLEY WHITE WILLIAMSON WILSON
ALL
GS
GA
GR
GC
GC+
NS
$296,529
$0
$0
$0
$0
$296,529
$0
$68,732
$68,732
$0
$0
$0
$0
$0
$97,042
$0
$0
$0
$97,042
$0
$0
$0
$0
$0
$0
$0
$0
$0
$105,847
$0
$0
$0
$0
$105,847
$0
$1,215,208
$0
$0
$0
$82,500
$828,708
$304,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$234,858
$0
$0
$0
$234,858
$0
$0
$5,476,813
$137,464
$0
$0
$0
$5,021,724
$317,625
$4,655,106
$146,065
$0
$0
$203,278
$4,197,838
$107,925
15
Table 9. Selected Characteristics by County – 2014 Borrower Characteristics
COUNTY
ANDERSON BEDFORD BENTON BLEDSOE BLOUNT BRADLEY CAMPBELL CANNON CARROLL CARTER CHEATHAM CHESTER CLAIBORNE CLAY COCKE COFFEE CROCKETT CUMBERLAND DAVIDSON DECATUR DEKALB DICKSON DYER FAYETTE FENTRESS FRANKLIN GIBSON GILES GRAINGER GREENE GRUNDY HAMBLEN HAMILTON HANCOCK HARDEMAN HARDIN HAWKINS HAYWOOD HENDERSON HENRY
# Loans
Service Index
15 4 0 0 26 46 2 4 0 1 6 1 2 0 6 3 0 8 446 0 2 7 2 3 0 1 3 0 3 9 0 12 120 0 1 0 4 3 1 0
0.65 0.35 0.00 0.00 0.75 1.79 0.16 0.79 0.00 0.05 0.60 0.23 0.21 0.00 0.50 0.20 0.00 0.51 2.39 0.00 0.38 0.45 0.19 0.40 0.00 0.09 0.21 0.00 0.41 0.45 0.00 0.74 1.39 0.00 0.15 0.00 0.23 0.57 0.13 0.00
Property Characteristics
PITI: % Age* HH Size Income* Price Sq. Ft Year Built Income* – – – – – – – – – – – – – – – – – – – – AVERAGE VALUES – – – – – – – – – – – – – – –– –
40 37 NA NA 36 34 38 30 NA 42 30 34 31 NA 31 51 NA 38 35 NA 39 33 36 38 NA 24 45 NA 51 33 NA 40 36 NA 25 NA 24 44 25 NA
2 4 NA NA 3 3 4 2 NA 4 3 4 2 NA 2 3 NA 2 2 NA 2 3 4 1 NA 3 3 NA 2 3 NA 3 2 NA 4 NA 2 2 3 NA
$45,018 NA NA NA $45,204 $43,510 NA NA NA NA $58,774 NA NA NA $40,310 NA NA $39,259 $53,300 NA NA $54,038 NA NA NA NA NA NA NA $48,240 NA $47,378 $48,818 NA NA NA NA NA NA NA
$99,753 NA NA NA $116,493 $98,810 NA NA NA NA $139,990 NA NA NA $68,633 NA NA $90,864 $134,331 NA NA $116,286 NA NA NA NA NA NA NA $85,785 NA $99,783 $113,272 NA NA NA NA NA NA NA
1,348 1236 NA NA 1,383 1,287 1,485 1,339 NA 2,220 1,517 1,191 1,433 NA 1,417 1,632 NA 1,404 1,422 NA 1,681 1,466 1,350 1,898 NA 2,356 1,741 NA 1,429 1,589 NA 1,426 1,436 NA 1,360 NA 1,331 1,561 1,156 NA
1969 2007 NA NA 1987 1980 1985 1996 NA 2005 1981 1948 2000 NA 1998 1995 NA 1994 1986 NA 1996 1979 2003 2006 NA 2003 1991 NA 2007 2005 NA 1983 1972 NA 1993 NA 1999 1983 1998 NA
17.6% NA NA NA 16.5% 16.5% NA NA NA NA 17.8% NA NA NA 13.3% NA NA 14.1% 18.8% NA NA 14.5% NA NA NA NA NA NA NA 14.2% NA 15.0% 18.0% NA NA NA NA NA NA NA
16
Table 9. Selected Characteristics by County – 2014, Continued Borrower Characteristics COUNTY
HICKMAN HOUSTON HUMPHREYS JACKSON JEFFERSON JOHNSON KNOX LAKE LAUDERDALE LAWRENCE LEWIS LINCOLN LOUDON MACON MADISON MARION MARSHALL MAURY MCMINN MCNAIRY MEIGS MONROE MONTGOMERY MOORE MORGAN OBION OVERTON PERRY PICKETT POLK PUTNAM RHEA ROANE ROBERTSON RUTHERFORD SCOTT SEQUATCHIE SEVIER SHELBY SMITH
# Loans
Service Index
3 0 1 0 7 2 122 0 4 1 0 0 13 1 18 2 3 34 5 0 4 4 71 0 2 1 1 0 0 5 5 2 8 21 234 4 0 7 186 1
0.49 0.00 0.19 0.00 0.54 0.35 0.97 0.00 0.57 0.09 0.00 0.00 0.96 0.17 0.72 0.23 0.37 1.68 0.34 0.00 1.14 0.32 1.89 0.00 0.35 0.11 0.16 0.00 0.00 1.00 0.24 0.24 0.51 1.24 3.77 0.57 0.00 0.26 0.81 0.20
Property Characteristics
PITI: % Age* HH Size Income* Price* Sq. Ft Year Built Income* – – – – – – – – – – – – – – – – – – – – AVERAGE VALUES – – – – – – – – – – – –– –
33 NA 24 NA 38 46 32 NA 35 40 NA NA 42 38 42 27 27 33 37 NA 44 41 34 NA 52 30 27 NA NA 40 25 37 36 34 33 46 NA 39 35 34
4 NA 2 NA 2 2 2 NA 5 2 NA NA 3 1 3 4 2 3 3 NA 2 3 2 NA 3 2 3 NA NA 4 2 4 3 3 2 3 NA 3 2 4
NA NA NA NA $34,235 NA $46,760 NA NA NA NA NA $40,944 NA $46,239 NA NA $51,297 NA NA NA NA $48,696 NA NA NA NA NA NA NA NA NA $36,285 $59,231 $54,881 NA NA $46,176 $49,122 NA
NA NA NA NA $80,910 NA $107,288 NA NA NA NA NA $108,201 NA $98,200 NA NA $123,059 NA NA NA NA $112,969 NA NA NA NA NA NA NA NA NA $92,660 $132,052 $128,040 NA NA $115,464 $111,562 NA
1,612 NA 1,248 NA 1,678 1,102 1,266 NA 1,393 2,042 NA NA 1,479 1,512 1,772 1,426 1,803 1,456 1,512 NA 1,337 1,870 1,341 NA 1,056 1,248 2,016 NA NA 1,629 1,334 1,638 1,706 1,381 1,425 1,108 NA 1,602 1,697 1,387
1995 NA 2004 NA 2001 2014 1978 NA 1969 1940 NA NA 2001 2000 1985 1953 2006 1989 1995 NA 1990 2006 1990 NA 2014 2008 2001 NA NA 1997 1997 1989 2006 1989 1998 2009 NA 1999 1982 1957
NA NA NA NA 18.7% NA 17.4% NA NA NA NA NA 17.3% NA 18.4% NA NA 21.1% NA NA NA NA 18.2% NA NA NA NA NA NA NA NA NA 19.4% 16.7% 17.8% NA NA 17.8% 19.3% NA
17
Table 9. Selected Characteristics by County – 2014, Continued Borrower Characteristics
COUNTY
STEWART SULLIVAN SUMNER TIPTON TROUSDALE UNICOI UNION VAN BUREN WARREN WASHINGTON WAYNE WEAKLEY WHITE WILLIAMSON WILSON
# Loans
3 18 67 9 2 1 1 0 2 13 0 0 4 31 31
Service Index
0.87 0.40 1.71 0.66 0.87 0.18 0.14 0.00 0.19 0.39 0.00 0.00 0.55 1.32 1.26
Age*
HH Size
Income*
Property Characteristics Price*
Sq. Ft
Year Built
PITI % Income*
– – – – – – – – – – – – – – – – – – – – – AVERAGE VALUES – – – – – – – – – – – –
42 40 35 37 27 22 66 NA 31 40 NA NA 43 35 34
3 3 3 3 3 2 2 NA 3 3 NA NA 3 3 3
NA $44,165 $57,208 $55,695 NA NA NA NA NA $39,217 NA NA NA $58,939 $61,448
NA $108,894 $144,793 $93,117 NA NA NA NA NA $102,577 NA NA NA $183,287 $153,801
1,232 1,395 1,574 1,532 1,704 1,124 1,478 NA 1,140 1,284 NA NA 1,243 1,665 1,604
1988 1989 1988 1991 2011 1940 2014 NA 2003 1981 NA NA 1980 1999 1988
NA 15.6% 18.8% 15.0% NA NA NA NA NA 17.7% NA NA NA 20.9% 18.2%
*In the counties with 5 or less loans, the information about the borrower’s age, the income of the borrower and the acquisition cost are suppressed to protect the anonymity of the borrowers.
18
Map 1: Service Index by County, 20147
7
The service index is computed as a ratio derived from the distribution of all THDA loans and the distribution of eligible households in Tennessee, which are households whose median income fell between 30% and 100% of the state’s median income. This calculation is different than the previous years because we included both the renter and owner households in eligible population. This is more accurate because first-time homebuyer requirement is waived for borrowers who are purchasing a home in a targeted area and the veterans. Therefore, the current homeowners are also part of eligible population. Comprehensive Housing Affordability Strategies (CHAS) data was utilized in the analysis. We used 2007-2011 CHAS data to determine the eligible households for all the counties.
19
