Redfin Mortgage, LLC Mortgage Lending & HMDA Data, 2020

In 2020, Redfin Mortgage, LLC of Frisco, TX reported 5,440 mortgage applications totaling $1.8 billion, up 60% from 2019. The average application was for $338,547, and applicants reported an average income of $0. 34% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Chicago-Naperville, IL (258), Washington-Arlington-Alexandria, DC-VA-MD-WV (204) and Baltimore-Columbia-Towson, MD (118) (applications in parentheses).

Mortgage Company & Address Redfin Mortgage, LLC
2611 Internet Blvd #201
Frisco, TX 75034
Tel #: available with data download
Federal Regulator * available with data download
Years 2020  2019  
Total Number of Mortgage Applications 5,440
Total Mortgage Loan Application Amount $1,841,700,000
Average Mortgage Loan Application Amount $338,547
Highest Mortgage Loan Application Amount $1,995,000
Average Applicant Income $0
Highest Applicant Income $1,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Redfin Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Redfin Mortgage, LLC by Metropolitan Area in 2020

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago-Naperville, IL 258 $ 81,160,000 $ 314,573 $ 0
Washington-Arlington-Alexandria, DC-VA-MD-WV 204 $ 91,890,000 $ 450,441 $ 0
Baltimore-Columbia-Towson, MD 118 $ 42,830,000 $ 362,966 $ 0
Denver-Aurora-Lakewood, CO 105 $ 40,785,000 $ 388,428 $ 0
Dallas-Plano-Irving, TX 99 $ 30,005,000 $ 303,080 $ 0
Austin-Round Rock, TX 83 $ 26,575,000 $ 320,180 $ 0
Washington-Baltimore-Arlington, DC 78 $ 29,480,000 $ 377,948 $ 0
Houston-The Woodlands-Sugar Land, TX 62 $ 18,150,000 $ 292,741 $ 0
Cambridge-Newton-Framingham, MA 56 $ 26,170,000 $ 467,321 $ 0
Atlanta-Sandy Springs-Roswell, GA 48 $ 16,190,000 $ 337,291 $ 0
Boston, MA 37 $ 16,035,000 $ 433,378 $ 0
Fort Worth-Arlington, TX 33 $ 8,615,000 $ 261,060 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 32 $ 9,280,000 $ 290,000 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 30 $ 10,120,000 $ 337,333 $ 0
Montgomery County-Bucks County-Chester County, PA 30 $ 9,840,000 $ 328,000 $ 0
Philadelphia, PA 29 $ 8,675,000 $ 299,137 $ 0
Lake County-Kenosha County, IL-WI 27 $ 8,875,000 $ 328,703 $ 0
Raleigh, NC 27 $ 7,565,000 $ 280,185 $ 0
Orlando-Kissimmee-Sanford, FL 26 $ 7,340,000 $ 282,307 $ 0
Warren-Troy-Farmington Hills, MI 25 $ 7,755,000 $ 310,200 $ 0
Charlotte-Concord-Gastonia, NC-SC 23 $ 6,635,000 $ 288,478 $ 0
Phoenix-Mesa-Scottsdale, AZ 23 $ 8,075,000 $ 351,086 $ 0
New York-Newark, NY 22 $ 7,600,000 $ 345,454 $ 0
Worcester, MA-CT 17 $ 4,955,000 $ 291,470 $ 0
San Antonio-New Braunfels, TX 15 $ 3,385,000 $ 225,666 $ 0
Outside any metro area 14 $ 3,320,000 $ 237,142 $ 0
New York-Jersey City-White Plains, NY-NJ 14 $ 6,520,000 $ 465,714 $ 0
Seattle-Bellevue-Everett, WA 14 $ 8,140,000 $ 581,428 $ 0
Columbus, OH 13 $ 3,055,000 $ 235,000 $ 0
Colorado Springs, CO 12 $ 4,300,000 $ 358,333 $ 0
Elgin, IL 12 $ 3,560,000 $ 296,666 $ 0
Manchester-Nashua, NH 12 $ 3,910,000 $ 325,833 $ 0
Newark, NJ-PA 11 $ 5,555,000 $ 505,000 $ 0
Tampa-St. Petersburg-Clearwater, FL 10 $ 2,670,000 $ 267,000 $ 0
Barnstable Town, MA 9 $ 2,555,000 $ 283,888 $ 0
Boulder, CO 9 $ 4,015,000 $ 446,111 $ 0
Detroit-Dearborn-Livonia, MI 9 $ 1,985,000 $ 220,555 $ 0
Jacksonville, FL 9 $ 2,615,000 $ 290,555 $ 0
Richmond, VA 9 $ 2,745,000 $ 305,000 $ 0
West Palm Beach-Boca Raton-Delray Beach, FL 9 $ 3,125,000 $ 347,222 $ 0
Chattanooga, TN-GA 8 $ 2,240,000 $ 280,000 $ 0
Camden, NJ 7 $ 1,805,000 $ 257,857 $ 0
Milwaukee-Waukesha-West Allis, WI 7 $ 1,955,000 $ 279,285 $ 0
Cape Coral-Fort Myers, FL 6 $ 1,520,000 $ 253,333 $ 0
Cleveland-Elyria, OH 6 $ 2,170,000 $ 361,666 $ 0
Deltona-Daytona Beach-Ormond Beach, FL 6 $ 1,570,000 $ 261,666 $ 0
Durham-Chapel Hill, NC 6 $ 1,780,000 $ 296,666 $ 0
El Paso, TX 6 $ 770,000 $ 128,333 $ 0
Greeley, CO 6 $ 2,110,000 $ 351,666 $ 0
Pittsburgh, PA 6 $ 1,510,000 $ 251,666 $ 0
Hagerstown-Martinsburg, MD-WV 5 $ 1,445,000 $ 289,000 $ 0
Miami-Miami Beach-Kendall, FL 5 $ 1,855,000 $ 371,000 $ 0
Olympia-Tumwater, WA 5 $ 1,455,000 $ 291,000 $ 0
Ann Arbor, MI 4 $ 1,500,000 $ 375,000 $ 0
Charleston-North Charleston, SC 4 $ 1,050,000 $ 262,500 $ 0
Cincinnati, OH-KY-IN 4 $ 960,000 $ 240,000 $ 0
Providence-Warwick, RI-MA 4 $ 1,290,000 $ 322,500 $ 0
Allentown-Bethlehem-Easton, PA-NJ 3 $ 805,000 $ 268,333 $ 0
Asheville, NC 3 $ 985,000 $ 328,333 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 3 $ 1,215,000 $ 405,000 $ 0
Grand Rapids-Wyoming, MI 3 $ 785,000 $ 261,666 $ 0
Greensboro-High Point, NC 3 $ 835,000 $ 278,333 $ 0
North Port-Sarasota-Bradenton, FL 3 $ 845,000 $ 281,666 $ 0
Tucson, AZ 3 $ 1,205,000 $ 401,666 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 3 $ 815,000 $ 271,666 $ 0
Winston-Salem, NC 3 $ 1,025,000 $ 341,666 $ 0
Fayetteville, NC 2 $ 470,000 $ 235,000 $ 0
Kalamazoo-Portage, MI 2 $ 410,000 $ 205,000 $ 0
Ocean City, NJ 2 $ 720,000 $ 360,000 $ 0
Rochester, MN 2 $ 600,000 $ 300,000 $ 0
Salisbury, MD-DE 2 $ 380,000 $ 190,000 $ 0
Wilmington, DE-MD-NJ 2 $ 520,000 $ 260,000 $ 0
Bellingham, WA 1 $ 445,000 $ 445,000 $ 0
Clarksville, TN-KY 1 $ 275,000 $ 275,000 $ 0
Dayton-Springfield-Kettering, OH 1 $ 355,000 $ 355,000 $ 0
Duluth, MN-WI 1 $ 105,000 $ 105,000 $ 0
Fort Collins, CO 1 $ 455,000 $ 455,000 $ 0
Greenville-Anderson-Mauldin, SC 1 $ 505,000 $ 505,000 $ 0
Johnson City, TN 1 $ 115,000 $ 115,000 $ 0
Knoxville, TN 1 $ 395,000 $ 395,000 $ 0
Lakeland-Winter Haven, FL 1 $ 185,000 $ 185,000 $ 0
Lancaster, PA 1 $ 175,000 $ 175,000 $ 0
Lansing-East Lansing, MI 1 $ 155,000 $ 155,000 $ 0
Madison, WI 1 $ 245,000 $ 245,000 $ 0
Memphis, TN-MS-AR 1 $ 305,000 $ 305,000 $ 0
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 1 $ 195,000 $ 195,000 $ 0
Naples-Immokalee-Marco Island, FL 1 $ 175,000 $ 175,000 $ 0
Palm Bay-Melbourne-Titusville, FL 1 $ 205,000 $ 205,000 $ 0
Port St. Lucie, FL 1 $ 335,000 $ 335,000 $ 0
Racine, WI 1 $ 295,000 $ 295,000 $ 0
Reading, PA 1 $ 235,000 $ 235,000 $ 0
Rockingham County-Strafford County, NH 1 $ 425,000 $ 425,000 $ 0
Tacoma-Lakewood, WA 1 $ 505,000 $ 505,000 $ 0
Trenton, NJ 1 $ 245,000 $ 245,000 $ 0
Vineland-Bridgeton, NJ 1 $ 375,000 $ 375,000 $ 0

Mortgage Loan Application Detail Totals for Redfin Mortgage, LLC in 2020

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
Home Purchase 5,440 $1,841,700,000 $338,000 $1,995,000 $0 $1,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Refinancing 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
Home Improvement 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
American Indian or Alaskan Native 2,560 $855,670,000 $334,000 $1,765,000 $0 $1,000
Not Provided 1,580 $560,690,000 $354,000 $1,995,000 $0 $1,000
Asian 418 $114,190,000 $273,000 $855,000 $0 $0
Hispanic 41 $11,795,000 $287,000 $615,000 $0 $0
Native Hawaiian or Other Pacific Islander 20 $6,730,000 $336,000 $665,000 $0 $0
Black or African American 7 $2,975,000 $425,000 $735,000 $0 $1,000
Not applicable 0 $0 $0 $0 $0 $0
White 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) 5,440 $1,841,700,000 $338,000 $1,995,000 $0 $1,000
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 1,847 $637,345,000 $345,000 $1,765,000 $0 $1,000
File Closed For Incompleteness 961 $298,235,000 $310,000 $1,995,000 $0 $1,000
Application Withdrawn By Applicant 834 $272,780,000 $327,000 $1,605,000 $0 $1,000
Preapproval Approved but not Accepted 732 $266,970,000 $364,000 $1,025,000 $0 $1,000
Preapproval Denied by Financial Institution 656 $233,230,000 $355,000 $1,605,000 $0 $1,000
Application Approved But Not Accepted 410 $133,140,000 $324,000 $1,355,000 $0 $1,000
Application Denied By Financial Institution 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
Not applicable 4,784 $1,608,470,000 $336,000 $1,995,000 $0 $1,000
Other 656 $233,230,000 $355,000 $1,605,000 $0 $1,000
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Redfin Mortgage, LLC's 2020 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 Redfin 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.
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