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Cumberland Mortgage Information

Average Mortgage Loan in Cumberland: $203,853

How Cumberland Ranks in Ontario for Mortgage Business

The following table lists how Cumberland 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
315CLIFFORD, ON 0.016%
316OXFORD MILLS, ON 0.016%
317MILLBROOK, ON 0.016%
318CAMERON, ON 0.016%
319HAMMOND, ON 0.016%
320CUMBERLAND, ON 0.016%
321IROQUOIS, ON 0.016%
322KIRKFIELD, ON 0.016%
323RUSSELL, ON 0.016%
324WOODVILLE, ON 0.016%
325TOBERMORY, ON 0.016%

Types of Mortgage Inquiries Received from Cumberland

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 33.3%
Refinance / Debt Consolidation: 22.2%
New Home Purchase: 22.2%
Mortgage Pre-approval: 11.1%
First-time Home Buyer: 11.1%
Total Application Types Found: 5

Age Demographics for Cumberland Applicants

Average age: 42
Oldest age: 62
Youngest age: 28

Incomes for Cumberland Applicants

The following depicts the average income of people living in Cumberland who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cumberland: $67,020.67
applicants within all of Canada: $60,852.54
Difference: $6,168.12
mortgage co-applicants in Cumberland: $41,366.67
co-applicants within all of Canada: $43,965.51
Difference: ($2,598.85)

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

Last mortgage report update for Cumberland: Friday, July 1, 2016
Mortgage Calculator
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Richmond Hill.

Mortgage Product Type Inquiries
Mortgage Renewal21.62%
Mortgage Pre-approval20.27%
Refinance/Consolidate Debt13.85%
New Purchase13.18%
First-time Home Buyer11.15%
No Money Down discontinued5.41%
Commercial Financing4.39%
Did you know? The average home loan in Welland is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.