Which state has the highest average first mortgage balance?


Credit unions in District of Columbia reported $324,246 as their average first mortgage balance in the first quarter, which was the highest of all states. Credit unions in California came in second with $231,779, down 1.42% from the previous year. Credit unions in Virginia rounded out the top three with $193,541 average first mortgage balance, down 1.14% from the same quarter in 2012 but up 9.45% from 5 years ago.

The average first mortgage balance at credit unions averaged at $126,717 as of March 2013, down 1.67% from a year prior at $128,873. This decline in rate is due to a 7.4% increase in average number of first mortgage loan accounts which offset the 5.6% increase in average first mortgage balance.  24 states witnessed growth in average first mortgage balance over the past year.    

Roll over states to see average first mortgage balance as of March 2013, average first mortgage balance as of March 2012, and % changes. 

Data As of March 31, 2013
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