M2 Lending Solutions Mortgage Rates, Fees & Info
Denver, COLEI: 2549002YTHQ90AS4OM73
Tax ID: 30-0217804
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
727Origination Dollar Volume (All Markets)
$275,445,000Relative 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 applications99.96%
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 origination93.17%
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% |
