M2 Lending Solutions Mortgage Rates, Fees & Info

Denver, CO

LEI: 2549002YTHQ90AS4OM73

Tax ID: 30-0217804

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

M2 Lending Solutions is a smaller mortgage company specializing in Refi loans. M2 Lending Solutions has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Denver, Boulder, Colorado Springs, Greeley, and Fort Collins among others. We have data for 13 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. M2 Lending Solutions is typically a low 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
30 Year Conventional Purchase 6.56% 3/28/24
30 Year Conventional Refi 6.35% 3/28/24
30 Year Cash-out Refi 6.69% 3/28/24
30 Year FHA Purchase 7.14% 3/28/24
30 Year VA Purchase 5.82% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 5.90% 3/28/24
15 Year Cash-out Refi 5.90% 3/28/24
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.

M2 Lending Solutions Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from M2 Lending Solutions. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

969

Origination Dollar Volume (All Markets)

$334,415,000

Awards

M2 Lending Solutions 30 Year Conventional Loans gold M2 Lending Solutions 30 Year Conventional Loans bronze M2 Lending Solutions 30 Year Conventional Loans silver
Show all (3) awards

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) 895 $307,735,000 $343,838 $3,966 3.03%
BOULDER, CO (FHA|USDA|VA) 15 $6,835,000 $455,667 $4,054 2.92%
COLORADO SPRINGS, CO (FHA|USDA|VA) 15 $5,505,000 $367,000 $5,912 3.25%
GREELEY, CO (FHA|USDA|VA) 12 $3,580,000 $298,333 $4,528 3.11%
Outside of Metro Areas 9 $3,375,000 $375,000 $4,094 3.17%
FORT COLLINS, CO (FHA|USDA|VA) 8 $2,940,000 $367,500 $3,552 3.17%
Breckenridge, CO (FHA|USDA|VA) 6 $2,390,000 $398,333 $3,171 2.71%
PUEBLO, CO (FHA|USDA|VA) 4 $750,000 $187,500 $4,926 2.91%
Edwards, CO (FHA|USDA|VA) 1 $435,000 $435,000 $6,734 2.88%
Cañon City, CO (FHA|USDA|VA) 1 $255,000 $255,000 $7,676 3.50%
Fort Morgan, CO (FHA|USDA|VA) 1 $245,000 $245,000 $10,024 3.25%
Steamboat Springs, CO (FHA|USDA|VA) 1 $225,000 $225,000 $2,419 2.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $145,000 $145,000 $2,694 3.50%
M2 Lending Solutions's top markets include Denver, Boulder, Colorado Springs, Greeley, 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: 441
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    AVENTA Credit Union
    Similarity Rank: 915
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336
    WHITE CROWN FEDERAL CREDIT UNION
    Similarity Rank: 2260
    DHA FINANCIAL, LLC
    Similarity Rank: 2616

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 960 $330,670,000 $344,448 $3,925 3.03%
    FHA 9 $3,745,000 $416,111 $13,260 3.61%

    For 2020, M2 Lending Solutions's most frequently originated type of loan was Conventional, with 960 originations. Their 2nd most popular type was FHA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 965 $332,845,000 $344,917 $4,007 3.03%
    Home Purchase 4 $1,570,000 $392,500 $5,622 3.75%

    For 2020, M2 Lending Solutions's most frequently cited loan purpose was Refi, with 965 originations. The 2nd most popular reason was Home Purchase, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 835 $294,305,000 $352,461 $4,219 3.08%
    15 Year 78 $21,700,000 $278,205 $2,766 2.60%
    20 Year 31 $10,265,000 $331,129 $2,607 3.08%
    Other 18 $6,560,000 $364,444 $2,782 2.96%
    10 Year 7 $1,585,000 $226,429 $2,543 2.32%

    For 2020, M2 Lending Solutions's most frequently cited loan duration was 30 Year, with 835 originations. The 2nd most popular length was 15 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 816 $286,360,000 $350,931
    $1k-2k 1 $265,000 $265,000
    $3k-4k 1 $375,000 $375,000

    M2 Lending Solutions's average total fees were $4,219, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 816 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 360 $127,110,000 $353,083
    2.5-3% 358 $126,130,000 $352,318
    <2.5% 217 $71,225,000 $328,226
    4-5% 33 $9,715,000 $294,394
    5-6% 1 $235,000 $235,000

    During 2020, M2 Lending Solutions's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 360 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 557 $172,165,000 $309,093 $3,941 3.03%
    $400k-600k 288 $134,610,000 $467,396 $4,477 3.02%
    $100k-200k 106 $17,350,000 $163,679 $2,941 3.05%
    $600k-1MM 12 $8,640,000 $720,000 $5,929 3.58%
    $100,000 or less 5 $445,000 $89,000 $2,406 3.45%
    $1MM+ 1 $1,205,000 $1,205,000 $7,577 3.88%

    2020 saw M2 Lending Solutions place emphasis on $200k-400k loans with 557 originations, totaling $172,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 659 $210,755,000 $319,810 $4,164 3.01%
    $100k-150k 126 $48,260,000 $383,016 $3,459 3.10%
    $50k or less 103 $41,265,000 $400,631 $3,618 3.09%
    $150k-250k 61 $26,095,000 $427,787 $3,904 3.12%
    $50k-75k 6 $2,470,000 $411,667 $2,872 2.69%
    $75k-100k 6 $2,240,000 $373,333 $2,789 2.62%

    M2 Lending Solutions lent most frequently to those with incomes in the $250k+ range, with 659 originations. The second most popular income band? $100k-150k, with 126 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 180 $60,930,000 $338,500 $3,116 2.96%
    30-36% 159 $54,795,000 $344,623 $3,659 2.99%
    <20% 73 $25,075,000 $343,493 $3,054 2.79%
    44% 60 $20,820,000 $347,000 $3,161 3.08%
    43% 56 $19,450,000 $347,321 $4,093 3.17%
    49% 47 $15,955,000 $339,468 $4,501 3.04%
    37% 42 $14,680,000 $349,524 $3,640 3.09%
    42% 40 $13,420,000 $335,500 $4,425 3.02%
    50-60% 39 $14,175,000 $363,462 $9,412 3.17%
    48% 34 $11,970,000 $352,059 $4,546 2.98%
    46% 33 $11,095,000 $336,212 $4,445 3.17%
    40% 33 $11,395,000 $345,303 $3,810 3.10%
    38% 30 $10,320,000 $344,000 $3,315 3.15%
    39% 29 $8,555,000 $295,000 $3,914 3.32%
    41% 28 $9,910,000 $353,929 $4,135 3.15%
    36% 28 $10,870,000 $388,214 $5,055 3.06%
    45% 26 $9,450,000 $363,462 $5,144 2.96%
    47% 25 $8,695,000 $347,800 $4,407 3.15%

    M2 Lending Solutions lent most frequently to those with DTI ratios of 20-30%, with 180 originations. The next most common DTI ratio? 30-36%, with 159 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 968 $334,060,000 $345,103 $4,012 3.04%
    White 1 $355,000 $355,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    100.00%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    3340.9 1 $355,000 $355,000
    NA 968 $334,060,000 $345,103

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 969 $334,415,000 $345,114

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $10,220,000 $204,400 $2,969 2.86%
    40-60% 182 $52,050,000 $285,989 $2,765 2.87%
    60-80% 404 $147,730,000 $365,668 $3,219 3.10%
    80-100% 324 $121,960,000 $376,420 $5,730 3.09%
    Over 100% 4 $1,880,000 $470,000 $16,168 3.03%
    Under 20% 5 $575,000 $115,000 $2,637 2.78%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MILEND, INC. Conventional home mortgage Closing on a mortgage 1 100.0%