Edward Jones Mortgage, LLC Mortgage Lending & HMDA Data, 2003

In 2003, Edward Jones Mortgage, LLC of Minneapolis, MN reported 429 mortgage applications totaling $64.5 million. The average application was for $150,289, and applicants reported an average income of $84,531. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were St. Louis, MO-IL (25), Chicago, IL (16) and Minneapolis-St. Paul, MN-WI (10) (applications in parentheses).

Mortgage Company & Address Edward Jones Mortgage, LLC
2701 Wells Fargo Way, Mac X9902-01r
Minneapolis, MN 55467
Federal Regulator * available with data download
Years 2004  2003  
Total Number of Mortgage Applications 429
Total Mortgage Loan Application Amount $64,474,000
Average Mortgage Loan Application Amount $150,289
Highest Mortgage Loan Application Amount $772,000
Average Applicant Income $84,531
Highest Applicant Income $933,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Edward Jones Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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Mortgage Loan Application Detail Totals for Edward Jones Mortgage, LLC in 2003

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing (home purchase or home improvement, one-to-four family) 355 $50,853,000 $146,044 $772,000 $85,844 $933,000
Home Purchase (one-to-four family) 74 $13,621,000 $190,741 $708,000 $90,064 $727,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0
Home Improvement (one-to-four family) 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 363 $55,115,000 $154,911 $708,000 $85,044 $727,000
Information not provided by applicant in mail or telephone application 42 $6,140,000 $157,208 $772,000 $107,291 $933,000
Black 8 $864,000 $113,400 $194,000 $72,400 $125,000
Hispanic 7 $629,000 $93,833 $180,000 $50,333 $70,000
Other 4 $559,000 $139,750 $283,000 $52,250 $72,000
American Indian or Alaskan Native 3 $370,000 $123,333 $166,000 $130,333 $317,000
Asian or Pacific Islander 2 $797,000 $398,500 $650,000 $145,000 $194,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 429 $64,474,000 $154,021 $772,000 $85,914 $933,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 427 $64,165,000 $153,914 $772,000 $86,148 $933,000
Application Approved But Not Accepted 2 $309,000 $154,500 $169,000 $63,000 $100,000
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Edward Jones Mortgage, LLC's 2003 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Edward Jones Mortgage, LLC's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Minnesota, download the full spreadsheet with aggregated HMDA statistics today.

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