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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Denver, Greeley, Colorado Springs, Boulder, and Fort Collins among others. M2 Lending Solutions has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. M2 Lending Solutions is typically an average fee lendor.


Originations

727

Origination Dollar Volume (All Markets)

$275,445,000

Relative Rate

M2 Lending Solutions 's average 30 year fixed rate mortgage of loans were 3.02%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.13%.

Relative Fees

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

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 640 $238,720,000 $373,000 $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%

For the 2021 period, M2 Lending Solutions 's most frequently originated loan type of loans were Conventional, with 640 originations. Their 2nd most popular type is FHA, with 76 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, M2 Lending Solutions 's most frequently cited loan purpose of loans were Home Purchase, with 329 originations. The 2nd most popular reason of loans were 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 the 2021, M2 Lending Solutions 's most frequently cited loan length of loans were 30 Year, with 660 originations. The 2nd most popular length of loans were 15 Year, with 43 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 663 $251,815,000 $379,811
$5k+ 22 $10,030,000 $455,909
$3k-4k 20 $6,950,000 $347,500
$2k-3k 19 $5,445,000 $286,579

$4,422 of loans were M2 Lending Solutions 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.02%, while their most frequently originated rate bucket of loans were 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
99.96%

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
93.17%

M2 Lending Solutions has an 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%