Results Mortgage, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Results Mortgage, LLC of Eden Prairie, MN reported 933 mortgage applications totaling $227.6 million, down 45% from 2021. The average application was for $243,917, and applicants reported an average income of $91,130. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (622), Rochester, MN (101) and Duluth, MN-WI (95) (applications in parentheses).

Mortgage Company & Address Results Mortgage, LLC
11200 West 78th Street, Suite 50
Eden Prairie, MN 55344
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 933
Total Mortgage Loan Application Amount $227,575,000
Average Mortgage Loan Application Amount $243,917
Highest Mortgage Loan Application Amount $1,105,000
Average Applicant Income $91,130
Highest Applicant Income $1,043,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Results Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Results Mortgage, LLC by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hennepin, Minnesota 194 $ 47,640,000 $ 245,567 $ 95,000
Olmsted, Minnesota 85 $ 19,915,000 $ 234,294 $ 85,000
Anoka, Minnesota 82 $ 21,060,000 $ 256,829 $ 82,000
Ramsey, Minnesota 75 $ 17,745,000 $ 236,600 $ 91,000
Dakota, Minnesota 60 $ 14,260,000 $ 237,666 $ 90,000
St. Louis, Minnesota 55 $ 11,295,000 $ 205,363 $ 104,000
Wright, Minnesota 40 $ 10,870,000 $ 271,750 $ 87,000
Isanti, Minnesota 32 $ 8,110,000 $ 253,437 $ 85,000
Washington, Minnesota 31 $ 9,185,000 $ 296,290 $ 118,000
Chisago, Minnesota 30 $ 8,410,000 $ 280,333 $ 88,000
Scott, Minnesota 28 $ 8,620,000 $ 307,857 $ 102,000
Douglas, Wisconsin 25 $ 5,325,000 $ 213,000 $ 85,000
Sherburne, Minnesota 20 $ 5,600,000 $ 280,000 $ 107,000
Stearns, Minnesota 19 $ 3,675,000 $ 193,421 $ 99,000
Carlton, Minnesota 13 $ 2,925,000 $ 225,000 $ 76,000
Goodhue, Minnesota 11 $ 3,035,000 $ 275,909 $ 101,000
Kanabec, Minnesota 10 $ 2,020,000 $ 202,000 $ 87,000
Carver, Minnesota 9 $ 2,935,000 $ 326,111 $ 123,000
St. Croix, Wisconsin 9 $ 2,795,000 $ 310,555 $ 100,000
Dodge, Minnesota 8 $ 1,530,000 $ 191,250 $ 81,000
Mower, Minnesota 7 $ 685,000 $ 97,857 $ 58,000
Pine, Minnesota 7 $ 1,635,000 $ 233,571 $ 82,000
Wabasha, Minnesota 6 $ 1,090,000 $ 181,666 $ 46,000
Benton, Minnesota 5 $ 1,105,000 $ 221,000 $ 75,000
Morrison, Minnesota 5 $ 705,000 $ 141,000 $ 73,000
Pierce, Wisconsin 5 $ 2,125,000 $ 425,000 $ 213,000
Crow Wing, Minnesota 4 $ 940,000 $ 235,000 $ 102,000
Kandiyohi, Minnesota 4 $ 300,000 $ 75,000 $ 35,000
Mille Lacs, Minnesota 4 $ 1,290,000 $ 322,500 $ 87,000
Winona, Minnesota 4 $ 920,000 $ 230,000 $ 72,000
Blue Earth, Minnesota 3 $ 1,085,000 $ 361,666 $ 227,000
Le Sueur, Minnesota 3 $ 935,000 $ 311,666 $ 84,000
Sibley, Minnesota 3 $ 675,000 $ 225,000 $ 72,000
Steele, Minnesota 3 $ 555,000 $ 185,000 $ 85,000
Aitkin, Minnesota 2 $ 490,000 $ 245,000 $ 61,000
Beltrami, Minnesota 2 $ 580,000 $ 290,000 $ 70,000
Cass, Minnesota 2 $ 170,000 $ 85,000 $ 50,000
Cottonwood, Minnesota 2 $ 170,000 $ 85,000 $ 75,000
Faribault, Minnesota 2 $ 160,000 $ 80,000 $ 51,000
Fillmore, Minnesota 2 $ 500,000 $ 250,000 $ 82,000
Jackson, Minnesota 2 $ 80,000 $ 40,000 $ 25,000
Lake, Minnesota 2 $ 550,000 $ 275,000 $ 101,000
McLeod, Minnesota 2 $ 250,000 $ 125,000 $ 48,000
Rice, Minnesota 2 $ 530,000 $ 265,000 $ 54,000
Todd, Minnesota 2 $ 620,000 $ 310,000 $ 119,000
Watonwan, Minnesota 2 $ 220,000 $ 110,000 $ 45,000
Polk, Wisconsin 2 $ 320,000 $ 160,000 $ 41,000
Chippewa, Minnesota 1 $ 255,000 $ 255,000 $ 102,000
Cook, Minnesota 1 $ 235,000 $ 235,000 $ 109,000
Freeborn, Minnesota 1 $ 225,000 $ 225,000 $ 93,000
Houston, Minnesota 1 $ 165,000 $ 165,000 $ 30,000
Polk, Minnesota 1 $ 345,000 $ 345,000 $ 123,000
Waseca, Minnesota 1 $ 205,000 $ 205,000 $ 68,000
Burnett, Wisconsin 1 $ 315,000 $ 315,000 $ 67,000
Outagamie, Wisconsin 1 $ 195,000 $ 195,000 $ 81,000

Mortgage Loan Application Detail Totals for Results Mortgage, LLC in 2022

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 862 $208,660,000 $242,000 $1,105,000 $91,000 $1,043,000
Cash-out Refinancing 38 $10,080,000 $265,000 $605,000 $89,000 $163,000
Refinancing 33 $8,835,000 $267,000 $625,000 $97,000 $290,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 659 $159,755,000 $242,000 $1,105,000 $94,000 $1,043,000
Not Provided 96 $25,430,000 $264,000 $635,000 $95,000 $394,000
Asian 75 $20,205,000 $269,000 $535,000 $85,000 $207,000
Black or African American 49 $9,705,000 $198,000 $595,000 $66,000 $132,000
Hispanic 40 $9,000,000 $225,000 $525,000 $77,000 $145,000
American Indian or Alaskan Native 8 $2,180,000 $272,000 $445,000 $117,000 $178,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 705 $164,385,000 $233,000 $1,105,000 $96,000 $1,043,000
FHA-insured (Federal Housing Administration) 175 $46,445,000 $265,000 $435,000 $75,000 $174,000
VA-guaranteed (Veterans Administration) 44 $14,230,000 $323,000 $615,000 $84,000 $213,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9 $2,515,000 $279,000 $415,000 $83,000 $147,000

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 727 $178,805,000 $245,000 $1,105,000 $93,000 $1,043,000
Application Withdrawn By Applicant 162 $40,100,000 $247,000 $775,000 $90,000 $607,000
Application Denied By Financial Institution 41 $8,125,000 $198,000 $605,000 $69,000 $163,000
Application Approved But Not Accepted 2 $280,000 $140,000 $265,000 $85,000 $85,000
File Closed For Incompleteness 1 $265,000 $265,000 $265,000 $63,000 $63,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial 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 892 $219,450,000 $246,000 $1,105,000 $92,000 $1,043,000
Collateral 9 $1,605,000 $178,000 $605,000 $68,000 $163,000
Debt-To-Income Ratio 9 $2,155,000 $239,000 $485,000 $77,000 $101,000
Other 7 $1,025,000 $146,000 $325,000 $55,000 $85,000
Insufficient Cash (Downpayment, Closing Cost) 6 $1,370,000 $228,000 $415,000 $79,000 $108,000
Employment History 4 $810,000 $202,000 $375,000 $57,000 $77,000
Unverifiable Information 3 $745,000 $248,000 $435,000 $49,000 $50,000
Credit History 3 $415,000 $138,000 $265,000 $104,000 $140,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Results Mortgage, LLC's 2022 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 Results 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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