M2 Lending Solutions Mortgage Rates, Fees & Info
Denver, COLEI: 2549002YTHQ90AS4OM73
Tax ID: 30-0217804
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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.
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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
727Origination Dollar Volume (All Markets)
$275,445,000Relative 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% |
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.
Similarity Rank: 882
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Similarity Rank: 1830
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Similarity Rank: 2170
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Similarity Rank: 2604
Similarity Rank: 2670
Product Mix
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
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
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
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
2021 saw M2 Lending Solutions place emphasis on $200k-400k loans with 328 originations, totaling $100,930,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.89%
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 origination76.07%
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 |
