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Elgin Mortgage Information

Average Mortgage Loan in Elgin: $149,928

How Elgin Ranks in Ontario for Mortgage Business

The following table lists how Elgin 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
360ELMWOOD, ON 0.012%
361LIONS HEAD, ON 0.012%
362WILLOW BEACH, ON 0.012%
363MOOSONEE, ON 0.012%
364VIENNA, ON 0.012%
365ELGIN, ON 0.012%
366MASSEY, ON 0.012%
367HANNON, ON 0.012%
368RUTHVEN, ON 0.012%
369MCGREGOR, ON 0.012%
370GORMLEY, ON 0.012%

Types of Mortgage Inquiries Received from Elgin

Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 57.1%
Mortgage Pre-approval: 28.6%
First-time Home Buyer: 14.3%
Total Application Types Found: 3

Age Demographics for Elgin Mortgage Applicants

Average age: 39
Oldest age: 64
Youngest age: 32

Incomes for Elgin Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Elgin: $76,228.57
applicants within all of Canada: $60,852.54
Difference: $15,376.03

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

Last mortgage report update for Elgin: 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 Nepean.

Mortgage Product Type Inquiries
New Purchase23.03%
Mortgage Pre-approval20.22%
Mortgage Renewal17.98%
First-time Home Buyer12.36%
Refinance/Consolidate Debt11.80%
No Money Down discontinued9.55%
Did you know? The average home loan in Markham is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.