Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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Three Hills Mortgage Information

Average Mortgage Loan in Three Hills: $131,588

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 Three Hills Ranks in Alberta for Mortgage Business

The following table lists how Three Hills 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
56VEGREVILLE, AB 0.033%
57NANTON, AB 0.033%
58MORINVILLE, AB 0.033%
59WESTLOCK, AB 0.033%
60LEGAL, AB 0.033%
61THREE HILLS, AB 0.033%
62RIMBEY, AB 0.031%
63LAC LA BICHE, AB 0.031%
64LANGDON, AB 0.031%
65BANFF, AB 0.029%
66CLARESHOLM, AB 0.029%

Types of Mortgage Inquiries Received from Three Hills


Type of Mortgage Application Form Selected  Percentage
of Inquiries
First-time Home Buyer: 31.6%
New Home Purchase: 21.1%
No Money Down Mortgage (discontinued): 15.8%
Refinance / Debt Consolidation: 10.5%
Mortgage Pre-approval: 10.5%
Reverse Mortgage: 5.3%
Pre-approval: 5.3%
 
Total Application Types Found: 7

Age Demographics for Three Hills Originated Mortgages

Average age: 30
Oldest age: 54
Youngest age: 20


Incomes for Three Hills Originated Mortgages

The amounts below are the average income of applicants living in Three Hills who have applied for a home loan using Mortgage Super Brokers' online mortgage application.

Average annual gross income for
mortgage applicants in Three Hills: $55,790.61
applicants within all of Canada: $60,852.54
Difference: ($5,061.93)
  
mortgage co-applicants in Three Hills: $57,400.00
co-applicants within all of Canada: $43,965.51
Difference: $13,434.49

Note: Commercial loans were not included for this survey, only residential loans were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval22.41%
New Purchase17.24%
Refinance/Consolidate Debt17.24%
No Money Down discontinued15.52%
First-time Home Buyer10.34%
Mortgage Renewal6.90%
Other10.33%