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Richmond Mortgage Information

Average Mortgage Loan in Richmond: $176,627

How Richmond Ranks in Ontario for Mortgage Business

The following table lists how Richmond 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
242COBALT, ON 0.022%
243CASSELMAN, ON 0.022%
244PARKHILL, ON 0.022%
245CHESLEY, ON 0.022%
246UNIONVILLE, ON 0.022%
247RICHMOND, ON 0.022%
248KEEWATIN, ON 0.021%
249PORT STANLEY, ON 0.021%
250CARP, ON 0.021%
252EXETER, ON 0.021%

Types of Mortgage Inquiries Received from Richmond

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 30.8%
No Money Down Mortgage (discontinued): 23.1%
Mortgage Renewal: 15.4%
Refinance / Debt Consolidation: 15.4%
New Home Purchase: 7.7%
First-time Home Buyer: 7.7%
Total Application Types Found: 6

Age Demographics for Richmond Mortgages

Average age: 39
Oldest age: 55
Youngest age: 22

Incomes for Richmond Mortgages

The following depicts the average income of applicants living in Richmond who have submitted an inquiry using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Richmond: $52,873.00
applicants within all of Canada: $60,852.54
Difference: ($7,979.54)
mortgage co-applicants in Richmond: $62,813.00
co-applicants within all of Canada: $43,965.51
Difference: $18,847.49

Note: Commercial Mortgage loans were not included for this report, only residential loans from Richmond, Ontario were used.

Last mortgage report update for Richmond: 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 Woodstock.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt25.17%
Mortgage Pre-approval23.81%
New Purchase13.61%
First-time Home Buyer11.56%
Mortgage Renewal11.56%
No Money Down discontinued6.80%
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