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Lloydminster Mortgage Information

Average Mortgage Loan in Lloydminster: $217,715

Busy Months for Mortgages within Lloydminster

The following bar graph illustrates the volumes of online mortgage applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Lloydminster occur during our second quarter (represented by the green bars) with 41.89% while our slowest is the fourth quarter (represented by the red bars) with 14.86%.

Busy Months Report for Lloydminster Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 21.6%
2 April: 12.2%
3 January: 10.8%
4 March: 9.5%
5 February: 8.1%
6 June: 8.1%
RankMonth Percentage of Applications
7 July: 6.8%
8 October: 6.8%
9 November: 5.4%
10 August: 5.4%
11 December: 2.7%
12 September: 2.7%

Busy Days for Online Mortgages within Lloydminster

The bar graph below shows the busy days for mortgage applications that were received by our web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Lloydminster, the day with the most volume, generating 24.32% of all submissions, is Tuesday. In comparison, Saturday's are the slowest day with only 6.76% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Tuesday: 24.3%
2 Friday: 16.2%
3 Thursday: 16.2%
4 Wednesday: 14.9%
5 Sunday: 12.2%
6 Monday: 9.5%
7 Saturday: 6.8%
Busy Days Report for Lloydminster Mortgages

Peak Hours for Originated Mortgages within Lloydminster

In Lloydminster, mortgage applications are received 24 hours a day on the Super Brokers web site. The statistics shown below represents the busy hours within a 24-hour period. The data is taken from all days of all years. Only 18.9% of all mortgages are received during the morning, while 75.7% arrive in the afternoon.


Peak Hours Graph for Mortgages in Lloydminster
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 1.4%
1AM 01:00 to 01:59: 4.1%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 1.4%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 0%
7AM 07:00 to 07:59: 0%
8AM 08:00 to 08:59: 2.7%
9AM 09:00 to 09:59: 5.4%
10AM 10:00 to 10:59: 4.1%
11AM 11:00 to 11:59: 5.4%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 9.5%
1PM 13:00 to 13:59: 4.1%
2PM 14:00 to 14:59: 8.1%
3PM 15:00 to 15:59: 8.1%
4PM 16:00 to 16:59: 4.1%
5PM 17:00 to 17:59: 6.8%
6PM 18:00 to 18:59: 5.4%
7PM 19:00 to 19:59: 6.8%
8PM 20:00 to 20:59: 8.1%
9PM 21:00 to 21:59: 8.1%
10PM 22:00 to 22:59: 1.4%
11PM 23:00 to 23:59: 5.4%

Alberta Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Lloydminster Ranks in Alberta for Mortgage Business

The following table lists how Lloydminster ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
12SPRUCE GROVE, AB 0.228%
13BROOKS, AB 0.197%
14COLD LAKE, AB 0.192%
15WHITECOURT, AB 0.149%
16STONY PLAIN, AB 0.140%
17LLOYDMINSTER, AB 0.128%
18LEDUC, AB 0.118%
19EDSON, AB 0.116%
20FORT SASKATCHEWAN, AB 0.109%
21OLDS, AB 0.107%
22WETASKIWIN, AB 0.104%

Types of Mortgage Inquiries Received from Lloydminster


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 21.6%
First-time Home Buyer: 20.3%
Mortgage Pre-approval: 14.9%
No Money Down Mortgage (discontinued): 14.9%
Mortgage Renewal: 10.8%
Refinance / Debt Consolidation: 8.1%
Other: 9.5%
 
Total Application Types Found: 10

Age Demographics for Lloydminster Based Mortgages

Average age: 34
Oldest age: 55
Youngest age: 21


Incomes for Lloydminster Based Mortgages

The figures below represent the average income of Canadians living in Lloydminster who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Lloydminster: $66,654.85
applicants within all of Canada: $60,852.54
Difference: $5,802.31
  
mortgage co-applicants in Lloydminster: $40,696.00
co-applicants within all of Canada: $43,965.51
Difference: ($3,269.51)

Note: Commercial loans were not included for this report, only residential loans amounts from Lloydminster, Alberta were used.


Last mortgage report update for Lloydminster: Friday, July 1, 2016
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Alberta
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Lethbridge.

Mortgage Product Type Inquiries
Mortgage Pre-approval22.22%
First-time Home Buyer19.34%
No Money Down discontinued14.40%
New Purchase13.58%
Refinance/Consolidate Debt12.35%
Mortgage Renewal8.64%
Other9.45%