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New Hamburg Mortgage Information

Average Mortgage Loan in New Hamburg: $224,352

Ontario 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 New Hamburg Ranks in Ontario for Mortgage Business

The following table lists how New Hamburg 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
169ELMVALE, ON 0.035%
170MOUNT ALBERT, ON 0.035%
171HAVELOCK, ON 0.035%
172ROCKWOOD, ON 0.035%
173OMEMEE, ON 0.035%
174NEW HAMBURG, ON 0.033%
175MOUNT FOREST, ON 0.033%
176PETROLIA, ON 0.033%
177LAKEFIELD, ON 0.033%
178WIARTON, ON 0.033%
179CAMPBELLFORD, ON 0.031%

Types of Mortgage Inquiries Received from New Hamburg


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 47.4%
New Home Purchase: 26.3%
Mortgage Renewal: 10.5%
Investment: 5.3%
No Money Down Mortgage (discontinued): 5.3%
First-time Home Buyer: 5.3%
 
Total Application Types Found: 6

Age Demographics for New Hamburg Mortgage Applicants

Average age: 38
Oldest age: 70
Youngest age: 24


Incomes for New Hamburg Mortgage Applicants

The following figures show the average income of Canadians living in New Hamburg who have submitted an inquiry using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in New Hamburg: $73,194.74
applicants within all of Canada: $60,852.54
Difference: $12,342.20
  
mortgage co-applicants in New Hamburg: $39,383.50
co-applicants within all of Canada: $43,965.51
Difference: ($4,582.01)

Note: Commercial loan amounts were not included for this report, only residential mortgage loan amounts from New Hamburg, Ontario were used.


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

Mortgage Product Type Inquiries
Refinance/Consolidate Debt27.37%
Mortgage Pre-approval16.84%
First-time Home Buyer15.79%
Mortgage Renewal15.79%
No Money Down discontinued8.42%
New Purchase7.37%
Commercial Financing4.21%
Other4.2%