M2 Lending Solutions Mortgage Rates, Fees & Info

Denver, CO

LEI: 2549002YTHQ90AS4OM73

Tax ID: 30-0217804

5 stars - out of 5 stars, based on 27 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    M2 Lending Solutions is a smaller mortgage company specializing in Home Purchase and Refi loans. M2 Lending Solutions has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Denver, Greeley, Colorado Springs, Boulder, and Fort Collins among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    M2 Lending Solutions has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. M2 Lending Solutions is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.71% 11/26/22
    30 Year Conventional Purchase 6.75% 11/26/22
    30 Year Conventional Refi 6.59% 11/26/22
    30 Year Cash-out Refi 6.82% 11/26/22
    30 Year FHA Purchase 7.58% 11/26/22
    30 Year FHA Refi 7.60% 11/26/22
    30 Year VA Purchase 6.52% 11/26/22
    30 Year VA Refi 6.13% 11/26/22
    15 Year Conventional Purchase 6.23% 11/26/22
    15 Year Conventional Refi 5.97% 11/26/22
    15 Year Cash-out Refi 5.97% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    727

    Origination Dollar Volume (All Markets)

    $275,445,000

    Relative Rate

    M2 Lending Solutions's average 30 year fixed mortgage rate was 3.02%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.13%.

    Relative Fees (Closing Costs)

    M2 Lending Solutions's average total fees/closing costs for a 30 year fixed rate mortgage were $4,422.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 677 $258,745,000 $382,194 $4,230 2.97%
    GREELEY, CO (FHA|USDA|VA) 11 $3,745,000 $340,455 $6,317 3.04%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 12 $3,660,000 $305,000 $3,693 3.04%
    Outside of Metro Areas 10 $2,380,000 $238,000 $4,090 3.21%
    BOULDER, CO (FHA|USDA|VA) 5 $1,885,000 $377,000 $3,972 3.35%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $1,600,000 $400,000 $3,258 3.16%
    Durango, CO (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,864 2.88%
    Breckenridge, CO (FHA|USDA|VA) 2 $1,030,000 $515,000 $3,337 2.88%
    Edwards, CO (FHA|USDA|VA) 1 $535,000 $535,000 $3,598 3.63%
    Montrose, CO (FHA|USDA|VA) 1 $295,000 $295,000 $8,089 2.75%
    Sterling, CO (FHA|USDA|VA) 1 $255,000 $255,000 $9,971 3.25%
    PUEBLO, CO (FHA|USDA|VA) 1 $255,000 $255,000 $8,191 2.75%
    M2 Lending Solutions's top markets include Denver, Greeley, Colorado Springs, Boulder, and Fort Collins among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against M2 Lending Solutions based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The District Federal Credit Union
    Similarity Rank: 882
    AVENTA Credit Union
    Similarity Rank: 930
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    DENVER COMMUNITY
    Similarity Rank: 1540
    Red Rocks Credit Union
    Similarity Rank: 1830
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1984
    INFINITY MORTGAGE HOLDINGS, LLC
    Similarity Rank: 2170
    Shea Mortgage Inc.
    Similarity Rank: 2432
    FOOTHILLS
    Similarity Rank: 2604

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 637 $237,515,000 $372,865 $3,302 2.98%
    FHA 76 $31,490,000 $414,342 $11,725 2.95%
    VA 11 $5,235,000 $475,909 $7,841 2.92%
    HELOC 3 $1,205,000 $401,667 n/a 2.83%

    For 2021, M2 Lending Solutions's most frequently originated type of loan was Conventional, with 637 originations. Their 2nd most popular type was FHA, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 329 $148,175,000 $450,380 $5,431 3.01%
    Refi 243 $76,475,000 $314,712 $3,207 2.84%
    Cash Out Refi 154 $50,580,000 $328,442 $3,398 3.12%
    Home Improvement 1 $215,000 $215,000 $2,876 3.25%

    For 2021, M2 Lending Solutions's most frequently cited loan purpose was Home Purchase, with 329 originations. The 2nd most popular reason was Refi, with 243 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 660 $258,530,000 $391,712 $4,422 3.02%
    15 Year 43 $9,435,000 $219,419 $2,550 2.40%
    20 Year 11 $3,045,000 $276,818 $2,676 2.73%
    Other 10 $3,520,000 $352,000 $2,843 2.98%
    10 Year 3 $915,000 $305,000 $2,701 2.29%

    For 2021, M2 Lending Solutions's most frequently cited loan duration was 30 Year, with 660 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 663 $251,815,000 $379,811
    $5k+ 22 $10,030,000 $455,909
    $2k-3k 19 $5,445,000 $286,579
    $4k-5k 11 $4,045,000 $367,727
    $3k-4k 9 $2,905,000 $322,778

    M2 Lending Solutions's average total fees were $4,422, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 663 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 374 $147,230,000 $393,663
    3-4% 247 $93,895,000 $380,142
    <2.5% 95 $30,835,000 $324,579
    4-5% 11 $3,485,000 $316,818

    During 2021, M2 Lending Solutions's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 374 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 328 $100,930,000 $307,713 $3,617 2.98%
    $400k-600k 286 $139,230,000 $486,818 $5,213 2.99%
    $100k-200k 83 $13,055,000 $157,289 $2,999 2.92%
    $600k-1MM 24 $16,630,000 $692,917 $6,141 2.97%
    $1MM+ 4 $5,410,000 $1,352,500 $3,795 3.03%
    $100,000 or less 2 $190,000 $95,000 $2,144 3.00%

    2021 saw M2 Lending Solutions place emphasis on $200k-400k loans with 328 originations, totaling $100,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 237 $81,485,000 $343,819 $4,202 2.94%
    $100k-150k 162 $67,670,000 $417,716 $4,402 2.98%
    $75k-100k 158 $60,260,000 $381,392 $4,808 3.01%
    $150k-250k 78 $33,480,000 $429,231 $3,524 3.05%
    $50k or less 65 $15,765,000 $242,538 $3,971 2.86%
    $250k+ 25 $16,025,000 $641,000 $3,241 3.12%

    M2 Lending Solutions lent most frequently to those with incomes in the $50k-75k range, with 237 originations. The second most popular income band? $100k-150k, with 162 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 111 $40,845,000 $367,973 $3,075 2.95%
    30-36% 107 $37,535,000 $350,794 $3,479 3.02%
    44% 49 $17,895,000 $365,204 $4,131 3.06%
    43% 46 $18,470,000 $401,522 $4,986 3.02%
    46% 42 $16,300,000 $388,095 $4,826 2.98%
    49% 40 $16,570,000 $414,250 $4,378 3.01%
    50-60% 35 $14,605,000 $417,286 $10,005 2.83%
    40% 34 $13,250,000 $389,706 $4,214 3.15%
    45% 33 $12,495,000 $378,636 $4,401 3.02%
    42% 32 $11,780,000 $368,125 $3,437 3.11%
    39% 31 $10,755,000 $346,935 $4,022 2.80%
    47% 30 $12,420,000 $414,000 $4,955 2.92%
    <20% 29 $11,865,000 $409,138 $3,056 2.92%
    41% 28 $11,610,000 $414,643 $4,070 2.92%
    48% 26 $9,960,000 $383,077 $5,308 2.88%
    37% 23 $8,755,000 $380,652 $4,770 2.86%
    38% 20 $6,960,000 $348,000 $3,059 2.92%
    36% 10 $3,200,000 $320,000 $3,582 3.04%
    >60% 1 $175,000 $175,000 $2,287 3.00%

    M2 Lending Solutions lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? 30-36%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 339 $130,125,000 $383,850 $3,984 3.03%
    Black 273 $104,065,000 $381,190 $4,523 2.87%
    Not provided 94 $33,100,000 $352,128 $4,516 3.04%
    Asian 20 $7,910,000 $395,500 $4,066 3.16%
    American Indian 1 $245,000 $245,000 $2,397 3.13%

    Approval Rates

    Total approvals of all applications
    99.89%

    M2 Lending Solutions has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    76.07%

    M2 Lending Solutions has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 727 $275,445,000 $378,879

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    727 $275,445,000 $378,879

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $9,095,000 $193,511 $2,818 2.80%
    40-60% 105 $33,085,000 $315,095 $2,835 2.97%
    60-80% 287 $111,885,000 $389,843 $3,454 3.06%
    80-100% 283 $119,605,000 $422,633 $5,714 2.93%
    Over 100% 2 $1,130,000 $565,000 $23,176 3.25%
    Under 20% 3 $645,000 $215,000 $2,572 2.46%