Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Schomberg Mortgage Information

Average Mortgage Loan in Schomberg: $254,842

How Schomberg Ranks in Ontario for Mortgage Business

The following table lists how Schomberg 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
279WEST LORNE, ON 0.019%
280SCOTLAND, ON 0.019%
281SEAFORTH, ON 0.019%
282SCHOMBERG, ON 0.019%
283LIMOGES, ON 0.019%
284LIVELY, ON 0.019%
285CHAPLEAU, ON 0.019%
286THORNBURY, ON 0.019%

Types of Mortgage Inquiries Received from Schomberg

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 36.4%
Mortgage Pre-approval: 18.2%
Mortgage Renewal: 9.1%
Home Renovation: 9.1%
Low Doc: 9.1%
Commercial: 9.1%
First-time Home Buyer: 9.1%
Total Application Types Found: 7

Age Demographics for Schomberg Mortgage Applicants

Average age: 47
Oldest age: 67
Youngest age: 29

Incomes for Schomberg Mortgage Applicants

The amounts shown below represent the average income of Canadians living in Schomberg who have applied for a mortgage loan using the Super Brokers' mortgage application.

Average annual gross income for
mortgage applicants in Schomberg: $100,882.18
applicants within all of Canada: $60,852.54
Difference: $40,029.64
mortgage co-applicants in Schomberg: $74,820.00
co-applicants within all of Canada: $43,965.51
Difference: $30,854.49

Since the average income of Schomberg is notability higher than the national average, we have included the MEDIAN annual gross income for this area. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Schomberg: $66,000.00
applicants within all of Canada: $60,852.54
Difference: $5,147.46

Note: Commercial loan amounts were not included for this report, only residential mortgage loans were used.

Nearest Settlements

1Bolton, Ontario
2Concord, Ontario
3Kleinburg, Ontario
4Woodbridge, Ontario
5Cheltenham, Ontario
6Caledon, Ontario
7Willowdale, Ontario
8Palgrave, Ontario
9Hillsburgh, Ontario
10Maple, Ontario
11Vaughan, Ontario
12Richmond Hill, Ontario
13Brampton, Ontario
14Terra Cotta, Ontario
15Gormley, Ontario
16Unionville, Ontario
17Georgetown, Ontario
18Tottenham, Ontario
19Thornhill, Ontario
20Erin, Ontario
21Alton, Ontario
22Don Mills, Ontario
23King City, Ontario
24York, Ontario
25Etobicoke, Ontario
26North York, Ontario
27Orangeville, Ontario
28Halton Hills, Ontario
29Aurora, Ontario
30Rockwood, Ontario
31Markham, Ontario
32Downsview, Ontario
33Fergus, Ontario
34Sharon, Ontario
35Shelburne, Ontario
36Newmarket, Ontario
37Hornby, Ontario
38Cookstown, Ontario
39Scarborough, Ontario
40Elora, Ontario
41Toronto, Ontario
42Bradford, Ontario
43East York, Ontario
44Pickering, Ontario
45Acton, Ontario
46Grand Valley, Ontario
47Goodwood, Ontario
48Stouffville, Ontario
49Holland Landing, Ontario
50Mississauga, Ontario
51Claremont, Ontario
52Greenwood, Ontario
53Uxbridge, Ontario
54Campbellville, Ontario
55Everett, Ontario
56Ajax, Ontario
57Creemore, Ontario
58Arthur, Ontario
59Borden, Ontario
60Badjeros, Ontario
61Elmira, Ontario
62Lisle, Ontario
63Loretto, Ontario
64Milton, Ontario
65Keswick, Ontario
66Puslinch, Ontario
67Sutton, Ontario
68Brooklin, Ontario
69Stayner, Ontario
70Angus, Ontario
71Mount Albert, Ontario
72Beeton, Ontario
73Alliston, Ontario
74Ashburn, Ontario
75Guelph, Ontario
76Moorefield, Ontario
77Kilbride, Ontario
78Oshawa, Ontario
79Wellesley, Ontario
80Whitby, Ontario
81Waterloo, Ontario
82Oakville, Ontario
83Sandford, Ontario

Last mortgage report update for Schomberg: Friday, July 1, 2016
Mortgage Calculator
New Rate Comparison Calculator
Having trouble picturing how different interest rates and amortizations can affect the amount you'll end up paying in interest? Our new mortgage calculator graphs how much of your payment goes towards interest and how much goes towards the principal over your entire amortization. You can even plug in a new rate, term, or amortization and calculate or compare two mortgage interest rates side-by-side.
Calculator Compare and Calculate Rates
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Port Hope.

Mortgage Product Type Inquiries
First-time Home Buyer25.45%
Mortgage Pre-approval21.82%
Refinance/Consolidate Debt16.36%
No Money Down discontinued12.73%
New Purchase10.91%
Mortgage Renewal7.27%