T2 Financial Mortgage Rates, Fees & Info

COLUMBUS, OH

LEI: 549300GTVXJ2PGXNLM73

Tax ID: 82-3060879

3.5 stars - Updated: 6/9/24 - out of 5 stars, based on 73 reviews

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

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Mortgage Data

Review & Overview

T2 Financial is a small mortgage company specializing in Home Purchase loans. T2 Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA 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: Houston, Columbus, Chicago, Seattle, and Dallas among others. We have data for 296 markets. (Some data included below & more in-depth data is available with an active subscription.)

T2 Financial 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. T2 Financial is typically a high 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 relatively high 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 6.90% 6/9/24
30 Year Conventional Refi 6.51% 6/9/24
30 Year Cash-out Refi 6.79% 6/9/24
30 Year FHA Purchase 7.78% 6/9/24
30 Year FHA Refi 7.23% 6/9/24
30 Year VA Purchase 6.52% 6/9/24
30 Year VA Refi 6.07% 6/9/24
30 Year USDA Purchase 7.08% 6/9/24
30 Year USDA Refi 6.27% 6/9/24
15 Year Conventional Purchase 6.35% 6/9/24
15 Year Conventional Refi 5.91% 6/9/24
15 Year Cash-out Refi 5.91% 6/9/24
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.

T2 Financial Mortgage Calculator






Your Estimates

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

This is not an official calculator from T2 Financial. 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

5,378

Origination Dollar Volume (All Markets)

$1,622,840,000
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Relative Rate

T2 Financial's average 30 year fixed mortgage rate was 6.87%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.39%.

Relative Fees (Closing Costs)

T2 Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $9,444.

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 $9,089.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 837 $253,095,000 $302,384 $10,596 6.74%
COLUMBUS, OH (FHA|USDA|VA) 378 $104,350,000 $276,058 $7,715 6.90%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 272 $97,740,000 $359,338 $9,234 6.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 134 $69,240,000 $516,716 $11,483 6.71%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 154 $59,180,000 $384,286 $11,612 6.70%
LUBBOCK, TX (FHA|USDA|VA) 226 $53,010,000 $234,558 $6,817 6.83%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 218 $52,070,000 $238,853 $8,645 7.00%
Outside of Metro Areas 210 $45,690,000 $217,571 $8,308 6.88%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 158 $39,490,000 $249,937 $10,344 6.91%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 65 $30,055,000 $462,385 $13,242 7.02%
RALEIGH-CARY, NC (FHA|USDA|VA) 82 $29,760,000 $362,927 $8,103 6.92%
KANSAS CITY, MO-KS (FHA|USDA|VA) 76 $28,090,000 $369,605 $7,455 7.36%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 112 $27,150,000 $242,411 $9,339 6.72%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 69 $25,705,000 $372,536 $9,044 6.76%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 58 $25,090,000 $432,586 $19,170 6.55%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 81 $24,355,000 $300,679 $8,392 6.86%
SAN ANGELO, TX (FHA|USDA|VA) 88 $20,160,000 $229,091 $9,368 6.82%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 83 $19,925,000 $240,060 $9,663 6.47%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 36 $18,210,000 $505,833 $8,401 6.95%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 35 $16,395,000 $468,429 $9,864 6.88%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 56 $16,320,000 $291,429 $11,962 6.99%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 41 $15,805,000 $385,488 $8,224 7.06%
WORCESTER, MA-CT (FHA|USDA|VA) 52 $15,180,000 $291,923 $9,359 7.20%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 44 $14,850,000 $337,500 $8,728 7.20%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 42 $14,190,000 $337,857 $10,348 6.93%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 35 $13,935,000 $398,143 $12,337 6.87%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 28 $13,760,000 $491,429 $10,754 6.97%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 40 $13,650,000 $341,250 $8,669 6.79%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 41 $13,235,000 $322,805 $10,046 7.24%
MIDLAND, TX (FHA|USDA|VA) 42 $12,990,000 $309,286 $14,518 6.93%
COLORADO SPRINGS, CO (FHA|USDA|VA) 32 $12,640,000 $395,000 $9,560 6.85%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 54 $12,370,000 $229,074 $9,375 6.64%
DAYTON-KETTERING, OH (FHA|USDA|VA) 60 $12,070,000 $201,167 $7,174 6.85%
ST. LOUIS, MO-IL (FHA|USDA|VA) 30 $11,850,000 $395,000 $6,730 7.22%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 32 $11,830,000 $369,688 $11,816 7.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 39 $11,245,000 $288,333 $9,693 7.03%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 33 $10,655,000 $322,879 $9,203 7.17%
Outside of Metro Areas 24 $9,760,000 $406,667 $12,011 6.70%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 29 $9,675,000 $333,621 $8,307 6.96%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 45 $9,155,000 $203,444 $9,665 6.95%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 27 $9,085,000 $336,481 $9,294 6.95%
LOUISVILLE, KY (FHA|USDA|VA) 33 $8,365,000 $253,485 $5,800 6.95%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $7,995,000 $726,818 $13,860 6.66%
LONGVIEW, TX (FHA|USDA|VA) 29 $7,765,000 $267,759 $10,326 6.90%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 32 $7,580,000 $236,875 $7,058 6.96%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 22 $7,220,000 $328,182 $10,010 7.33%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 27 $7,005,000 $259,444 $8,061 7.10%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $6,730,000 $373,889 $10,285 7.04%
MUSKEGON, MI (FHA|USDA|VA) 35 $6,565,000 $187,571 $7,891 6.95%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 12 $5,950,000 $495,833 $11,791 6.53%
Augusta-Waterville, ME (FHA|USDA|VA) 21 $5,565,000 $265,000 $9,423 6.98%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 12 $5,320,000 $443,333 $7,685 7.09%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 34 $5,140,000 $151,176 $6,594 6.90%
ODESSA, TX (FHA|USDA|VA) 21 $4,885,000 $232,619 $11,131 7.05%
Brenham, TX (FHA|USDA|VA) 17 $4,615,000 $271,471 $10,476 6.87%
SPRINGFIELD, OH (FHA|USDA|VA) 22 $4,420,000 $200,909 $7,894 6.68%
LAKE CHARLES, LA (FHA|USDA|VA) 23 $4,395,000 $191,087 $7,447 6.82%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 21 $4,275,000 $203,571 $8,716 6.43%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 9 $4,235,000 $470,556 $13,833 6.71%
CORPUS CHRISTI, TX (FHA|USDA|VA) 12 $4,140,000 $345,000 $10,465 7.10%
Athens, OH (FHA|USDA|VA) 20 $3,790,000 $189,500 $7,713 7.14%
WINSTON-SALEM, NC (FHA|USDA|VA) 15 $3,775,000 $251,667 $8,408 6.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $3,670,000 $305,833 $9,200 6.77%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,600,000 $300,000 $8,135 6.93%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $3,570,000 $446,250 $10,502 7.06%
KNOXVILLE, TN (FHA|USDA|VA) 11 $3,335,000 $303,182 $12,110 6.79%
Shelton, WA (FHA|USDA|VA) 7 $3,135,000 $447,857 $7,870 7.07%
PORT ST. LUCIE, FL (FHA|USDA|VA) 9 $3,085,000 $342,778 $12,388 6.64%
FAYETTEVILLE, NC (FHA|USDA|VA) 13 $3,075,000 $236,538 $7,293 6.86%
AKRON, OH (FHA|USDA|VA) 16 $3,030,000 $189,375 $5,793 6.66%
Breckenridge, CO (FHA|USDA|VA) 2 $2,790,000 $1,395,000 $32,502 6.31%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 13 $2,785,000 $214,231 $7,831 6.79%
BURLINGTON, NC (FHA|USDA|VA) 10 $2,730,000 $273,000 $7,877 6.89%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,635,000 $376,429 $9,322 6.68%
SPRINGFIELD, MA (FHA|USDA|VA) 8 $2,630,000 $328,750 $13,695 6.83%
WILMINGTON, NC (FHA|USDA|VA) 5 $2,535,000 $507,000 $8,297 6.65%
Sevierville, TN (FHA|USDA|VA) 7 $2,395,000 $342,143 $8,299 7.53%
Georgetown, SC (FHA|USDA|VA) 8 $2,380,000 $297,500 $9,565 6.98%
Morehead City, NC (FHA|USDA|VA) 7 $2,375,000 $339,286 $7,689 7.14%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,375,000 $791,667 $10,853 7.34%
CHARLESTON, WV (FHA|USDA|VA) 16 $2,350,000 $146,875 $5,363 6.93%
BECKLEY, WV (FHA|USDA|VA) 15 $2,335,000 $155,667 $7,011 6.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 9 $2,295,000 $255,000 $9,991 7.07%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 10 $2,240,000 $224,000 $11,061 6.90%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $7,768 6.56%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $2,035,000 $407,000 $7,165 7.40%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 8 $1,950,000 $243,750 $10,847 6.86%
TYLER, TX (FHA|USDA|VA) 7 $1,945,000 $277,857 $10,049 6.59%
FORT COLLINS, CO (FHA|USDA|VA) 4 $1,890,000 $472,500 $15,953 6.12%
Sandpoint, ID (FHA|USDA|VA) 3 $1,865,000 $621,667 $10,167 6.71%
YORK-HANOVER, PA (FHA|USDA|VA) 7 $1,845,000 $263,571 $11,609 6.48%
Mount Pleasant, TX (FHA|USDA|VA) 8 $1,840,000 $230,000 $10,902 6.45%
Torrington, CT (FHA|USDA|VA) 8 $1,800,000 $225,000 $6,157 7.11%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 11 $1,795,000 $163,182 $7,287 7.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 6 $1,780,000 $296,667 $10,816 6.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,735,000 $347,000 $8,142 7.00%
YAKIMA, WA (FHA|USDA|VA) 3 $1,675,000 $558,333 $16,693 6.63%
PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,635,000 $327,000 $9,590 6.78%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,615,000 $230,714 $8,897 6.23%
COLUMBIA, MO (FHA|USDA|VA) 4 $1,610,000 $402,500 $11,004 7.15%
Sanford, NC (FHA|USDA|VA) 6 $1,540,000 $256,667 $5,827 7.08%
Huntsville, TX (FHA|USDA|VA) 5 $1,525,000 $305,000 $13,298 6.90%
EAST STROUDSBURG, PA (FHA|USDA|VA) 6 $1,510,000 $251,667 $8,861 6.62%
COLUMBIA, SC (FHA|USDA|VA) 7 $1,505,000 $215,000 $9,121 6.73%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,445,000 $289,000 $8,367 6.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $25,644 6.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,400,000 $350,000 $13,971 6.81%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,385,000 $277,000 $10,862 7.05%
BANGOR, ME (FHA|USDA|VA) 5 $1,315,000 $263,000 $12,589 6.70%
Marion, OH (FHA|USDA|VA) 8 $1,290,000 $161,250 $4,826 6.91%
Traverse City, MI (FHA|USDA|VA) 4 $1,290,000 $322,500 $13,247 6.81%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $1,280,000 $320,000 $8,118 6.78%
Andrews, TX (FHA|USDA|VA) 4 $1,270,000 $317,500 $8,812 7.25%
JACKSONVILLE, NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $12,630 7.06%
Centralia, WA (FHA|USDA|VA) 3 $1,205,000 $401,667 $12,743 6.58%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,150,000 $287,500 $11,605 7.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,140,000 $285,000 $9,617 7.44%
North Wilkesboro, NC (FHA|USDA|VA) 4 $1,130,000 $282,500 $11,753 7.22%
Mount Vernon, OH (FHA|USDA|VA) 6 $1,130,000 $188,333 $5,288 7.15%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $1,095,000 $365,000 $8,412 6.67%
Athens, TX (FHA|USDA|VA) 5 $1,095,000 $219,000 $8,068 7.32%
Pottsville, PA (FHA|USDA|VA) 7 $1,085,000 $155,000 $6,603 6.93%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,075,000 $215,000 $7,663 6.95%
Zanesville, OH (FHA|USDA|VA) 6 $1,070,000 $178,333 $7,986 6.81%
TEXARKANA, TX-AR (FHA|USDA|VA) 2 $1,030,000 $515,000 $9,014 5.75%
LANCASTER, PA (FHA|USDA|VA) 5 $1,025,000 $205,000 $8,270 6.28%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $11,523 6.83%
WACO, TX (FHA|USDA|VA) 3 $1,015,000 $338,333 $6,357 6.38%
Forest City, NC (FHA|USDA|VA) 4 $990,000 $247,500 $6,052 7.06%
Lumberton, NC (FHA|USDA|VA) 4 $990,000 $247,500 $9,679 6.56%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $980,000 $245,000 $13,332 6.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $970,000 $485,000 $12,147 7.31%
RACINE, WI (FHA|USDA|VA) 4 $970,000 $242,500 $5,659 6.84%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $960,000 $480,000 $7,754 6.63%
READING, PA (FHA|USDA|VA) 4 $960,000 $240,000 $10,112 6.87%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $950,000 $237,500 $7,184 6.66%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $950,000 $475,000 $21,213 7.75%
Aberdeen, WA (FHA|USDA|VA) 3 $945,000 $315,000 $9,105 7.13%
BOULDER, CO (FHA|USDA|VA) 1 $945,000 $945,000 $9,162 8.13%
Big Spring, TX (FHA|USDA|VA) 3 $935,000 $311,667 $13,259 7.00%
WENATCHEE, WA (FHA|USDA|VA) 2 $860,000 $430,000 $18,935 7.56%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $845,000 $169,000 $8,167 6.35%
Fredericksburg, TX (FHA|USDA|VA) 1 $845,000 $845,000 $13,994 6.25%
Paris, TX (FHA|USDA|VA) 5 $845,000 $169,000 $9,512 6.68%
TUCSON, AZ (FHA|USDA|VA) 2 $840,000 $420,000 $7,402 7.56%
Chillicothe, OH (FHA|USDA|VA) 4 $830,000 $207,500 $11,418 7.09%
Port Angeles, WA (FHA|USDA|VA) 2 $820,000 $410,000 $4,530 7.50%
Washington Court House, OH (FHA|USDA|VA) 4 $820,000 $205,000 $7,318 6.37%
Urbana, OH (FHA|USDA|VA) 5 $815,000 $163,000 $7,889 6.38%
BELLINGHAM, WA (FHA|USDA|VA) 2 $810,000 $405,000 $11,062 6.31%
GREELEY, CO (FHA|USDA|VA) 2 $810,000 $405,000 $17,175 7.19%
Levelland, TX (FHA|USDA|VA) 5 $805,000 $161,000 $6,509 7.40%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $800,000 $400,000 $11,524 6.94%
Holland, MI (FHA|USDA|VA) 3 $785,000 $261,667 $9,144 7.21%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $780,000 $390,000 $5,393 6.75%
GAINESVILLE, GA (FHA|USDA|VA) 3 $765,000 $255,000 $8,702 6.58%
MADERA, CA (FHA|USDA|VA) 2 $760,000 $380,000 $6,658 6.88%
Brownwood, TX (FHA|USDA|VA) 3 $755,000 $251,667 $8,909 7.08%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $750,000 $375,000 $8,271 7.06%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $745,000 $745,000 $11,795 6.75%
NEW BERN, NC (FHA|USDA|VA) 3 $745,000 $248,333 $5,908 6.96%
Lewisburg, TN (FHA|USDA|VA) 3 $735,000 $245,000 $7,547 6.75%
PUEBLO, CO (FHA|USDA|VA) 2 $730,000 $365,000 $14,124 6.69%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $715,000 $238,333 $7,125 6.79%
Lamesa, TX (FHA|USDA|VA) 3 $705,000 $235,000 $9,221 6.88%
RICHMOND, VA (FHA|USDA|VA) 3 $705,000 $235,000 $6,188 7.33%
ASHEVILLE, NC (FHA|USDA|VA) 3 $685,000 $228,333 $5,970 7.46%
EL PASO, TX (FHA|USDA|VA) 3 $665,000 $221,667 $4,517 6.96%
FRESNO, CA (FHA|USDA|VA) 2 $660,000 $330,000 $13,488 6.75%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $655,000 $218,333 $3,731 6.67%
Tullahoma-Manchester, TN (FHA|USDA|VA) 3 $635,000 $211,667 $7,759 6.71%
Key West, FL (FHA|USDA|VA) 1 $635,000 $635,000 $9,994 7.13%
Albemarle, NC (FHA|USDA|VA) 1 $635,000 $635,000 $4,925 6.50%
TOLEDO, OH (FHA|USDA|VA) 8 $630,000 $78,750 $5,566 7.05%
Sulphur Springs, TX (FHA|USDA|VA) 2 $630,000 $315,000 $6,732 7.19%
Oak Harbor, WA (FHA|USDA|VA) 2 $630,000 $315,000 $9,237 6.69%
GREEN BAY, WI (FHA|USDA|VA) 2 $630,000 $315,000 $5,128 6.50%
BATON ROUGE, LA (FHA|USDA|VA) 3 $625,000 $208,333 $6,478 6.92%
TULSA, OK (FHA|USDA|VA) 3 $625,000 $208,333 $9,418 7.21%
BOISE CITY, ID (FHA|USDA|VA) 2 $620,000 $310,000 $13,658 6.69%
DeRidder, LA (FHA|USDA|VA) 2 $600,000 $300,000 $11,472 6.88%
CASPER, WY (FHA|USDA|VA) 2 $580,000 $290,000 $12,357 7.31%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $575,000 $191,667 $6,910 7.50%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $540,000 $270,000 $10,590 6.94%
Marion, NC (FHA|USDA|VA) 3 $535,000 $178,333 $8,016 6.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $535,000 $178,333 $4,836 6.83%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $530,000 $265,000 $4,068 6.88%
Shelbyville, TN (FHA|USDA|VA) 2 $530,000 $265,000 $6,221 7.43%
Jacksonville, TX (FHA|USDA|VA) 1 $525,000 $525,000 $15,705 6.88%
FLORENCE, SC (FHA|USDA|VA) 3 $515,000 $171,667 $5,503 6.83%
Moses Lake, WA (FHA|USDA|VA) 1 $505,000 $505,000 $18,854 6.63%
LEBANON, PA (FHA|USDA|VA) 3 $505,000 $168,333 $6,150 6.96%
Plainview, TX (FHA|USDA|VA) 3 $505,000 $168,333 $4,125 6.67%
Paducah, KY-IL (FHA|USDA|VA) 1 $485,000 $485,000 $11,107 7.13%
Bennettsville, SC (FHA|USDA|VA) 2 $480,000 $240,000 $8,166 6.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $470,000 $235,000 $5,135 6.87%
Kerrville, TX (FHA|USDA|VA) 1 $445,000 $445,000 $15,283 6.13%
Newport, OR (FHA|USDA|VA) 1 $445,000 $445,000 $3,960 7.00%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $440,000 $220,000 $12,377 7.13%
Shelby, NC (FHA|USDA|VA) 2 $440,000 $220,000 $2,997 6.63%
Wooster, OH (FHA|USDA|VA) 2 $440,000 $220,000 $7,946 6.68%
Pittsburg, KS (FHA|USDA|VA) 1 $435,000 $435,000 $13,576 6.75%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $435,000 $145,000 $6,742 6.75%
GETTYSBURG, PA (FHA|USDA|VA) 2 $430,000 $215,000 $9,008 6.62%
PITTSBURGH, PA (FHA|USDA|VA) 2 $420,000 $210,000 $10,472 6.94%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $420,000 $210,000 $6,710 6.88%
Wilmington, OH (FHA|USDA|VA) 2 $400,000 $200,000 $8,562 7.31%
Lufkin, TX (FHA|USDA|VA) 1 $395,000 $395,000 $17,921 6.75%
MADISON, WI (FHA|USDA|VA) 1 $395,000 $395,000 $4,298 6.49%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $385,000 $385,000 $9,491 7.63%
Picayune, MS (FHA|USDA|VA) 1 $385,000 $385,000 $4,518 6.38%
AMARILLO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $4,861 6.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $3,607 6.99%
Kinston, NC (FHA|USDA|VA) 2 $370,000 $185,000 $6,990 7.25%
HAMMOND, LA (FHA|USDA|VA) 2 $370,000 $185,000 $8,455 6.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $365,000 $365,000 $18,376 8.88%
DOVER, DE (FHA|USDA|VA) 1 $365,000 $365,000 $20,972 7.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $355,000 $355,000 $10,127 7.13%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $350,000 $175,000 $7,869 7.31%
LONGVIEW, WA (FHA|USDA|VA) 2 $350,000 $175,000 $6,890 7.31%
Statesboro, GA (FHA|USDA|VA) 1 $345,000 $345,000 $8,461 6.50%
Bardstown, KY (FHA|USDA|VA) 1 $345,000 $345,000 $5,040 7.99%
BRUNSWICK, GA (FHA|USDA|VA) 1 $345,000 $345,000 $5,898 6.88%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $345,000 $345,000 $7,838 6.88%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $340,000 $170,000 $4,837 6.25%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $340,000 $170,000 $6,852 6.37%
Jefferson, GA (FHA|USDA|VA) 1 $335,000 $335,000 $18,801 8.13%
NILES, MI (FHA|USDA|VA) 1 $325,000 $325,000 $12,799 7.50%
MOBILE, AL (FHA|USDA|VA) 1 $315,000 $315,000 $8,377 7.13%
BILLINGS, MT (FHA|USDA|VA) 1 $315,000 $315,000 $4,025 7.50%
CORVALLIS, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,629 7.63%
McMinnville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $11,682 7.13%
Sidney, OH (FHA|USDA|VA) 2 $300,000 $150,000 $5,126 6.13%
SUMTER, SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,456 6.75%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $295,000 $295,000 $14,099 6.75%
MANHATTAN, KS (FHA|USDA|VA) 1 $285,000 $285,000 $7,966 7.38%
Ashland, OH (FHA|USDA|VA) 1 $285,000 $285,000 $11,405 7.50%
MANSFIELD, OH (FHA|USDA|VA) 2 $280,000 $140,000 $4,217 7.69%
JONESBORO, AR (FHA|USDA|VA) 1 $275,000 $275,000 $3,563 7.00%
Bogalusa, LA (FHA|USDA|VA) 1 $275,000 $275,000 $11,733 7.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $11,111 6.99%
Coshocton, OH (FHA|USDA|VA) 2 $270,000 $135,000 $5,236 6.88%
Bellefontaine, OH (FHA|USDA|VA) 1 $265,000 $265,000 $12,570 7.63%
OCALA, FL (FHA|USDA|VA) 1 $265,000 $265,000 $15,850 7.25%
Crossville, TN (FHA|USDA|VA) 1 $265,000 $265,000 $6,425 6.75%
El Campo, TX (FHA|USDA|VA) 1 $265,000 $265,000 $12,334 7.25%
Greenville, OH (FHA|USDA|VA) 2 $260,000 $130,000 $5,812 6.81%
Stevens Point, WI (FHA|USDA|VA) 1 $255,000 $255,000 $12,629 5.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $235,000 $235,000 $14,873 6.50%
GOLDSBORO, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,751 6.25%
Meadville, PA (FHA|USDA|VA) 1 $215,000 $215,000 $5,115 6.88%
Clovis, NM (FHA|USDA|VA) 1 $215,000 $215,000 $7,604 7.00%
ANN ARBOR, MI (FHA|USDA|VA) 1 $215,000 $215,000 $4,482 6.49%
Cookeville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,200 7.63%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $215,000 $215,000 $7,617 7.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $215,000 $215,000 $7,233 7.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $205,000 $205,000 $4,077 6.50%
Show Low, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $5,152 6.63%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $205,000 $205,000 $825 7.13%
Portales, NM (FHA|USDA|VA) 1 $205,000 $205,000 $6,829 6.88%
MORGANTOWN, WV (FHA|USDA|VA) 1 $195,000 $195,000 $3,975 6.38%
Fremont, OH (FHA|USDA|VA) 1 $195,000 $195,000 $9,949 7.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,815 6.88%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $195,000 $195,000 $4,147 7.99%
Rockport, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,407 6.25%
ENID, OK (FHA|USDA|VA) 1 $185,000 $185,000 $5,909 5.88%
Campbellsville, KY (FHA|USDA|VA) 1 $175,000 $175,000 $4,151 7.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $11,993 6.25%
STAUNTON, VA (FHA|USDA|VA) 1 $175,000 $175,000 $3,950 7.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $165,000 $165,000 $6,063 6.38%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $160,000 $80,000 $4,380 6.81%
Austin, MN (FHA|USDA|VA) 1 $155,000 $155,000 $4,084 7.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $155,000 $155,000 $8,895 6.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $10,703 6.63%
Marietta, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,723 7.63%
New Castle, IN (FHA|USDA|VA) 1 $145,000 $145,000 $8,675 7.00%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $145,000 $145,000 $5,499 7.49%
Sayre, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,180 7.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,970 7.50%
Jennings, LA (FHA|USDA|VA) 1 $135,000 $135,000 $10,212 7.13%
Batesville, AR (FHA|USDA|VA) 1 $135,000 $135,000 $7,415 6.25%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.50%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,941 7.63%
Big Rapids, MI (FHA|USDA|VA) 1 $125,000 $125,000 $9,027 6.63%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $115,000 $115,000 $9,664 8.13%
Garden City, KS (FHA|USDA|VA) 1 $115,000 $115,000 $7,100 6.63%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $4,004 6.38%
Frankfort, KY (FHA|USDA|VA) 1 $115,000 $115,000 $6,558 7.13%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.99%
LIMA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,221 6.99%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $105,000 $105,000 $979 6.13%
KANKAKEE, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,726 6.25%
Poplar Bluff, MO (FHA|USDA|VA) 1 $95,000 $95,000 $2,748 7.63%
FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $3,850 6.50%
Portsmouth, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,988 6.13%
Sunbury, PA (FHA|USDA|VA) 1 $65,000 $65,000 $6,627 7.25%
T2 Financial's top markets include Houston, Columbus, Chicago, Seattle, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,423 $1,057,495,000 $308,938 $7,843 6.90%
    FHA 1,477 $394,455,000 $267,065 $12,799 6.83%
    VA 393 $154,655,000 $393,524 $10,556 6.66%
    USDA 74 $14,680,000 $198,378 $8,523 6.64%
    Reverse Mortgage 10 $1,470,000 $147,000 $0 7.76%
    FHA 1 $85,000 $85,000 $0 7.83%

    For 2023, T2 Financial's most frequently originated type of loan was Conventional, with 3,423 originations. Their 2nd most popular type was FHA, with 1,477 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,101 $1,549,965,000 $303,855 $9,456 6.86%
    Cash Out Refi 140 $37,480,000 $267,714 $10,226 7.04%
    Refi 61 $19,255,000 $315,656 $8,122 6.81%
    Other 49 $11,095,000 $226,429 $7,523 7.14%
    Home Improvement 27 $5,045,000 $186,852 $6,566 7.16%

    For 2023, T2 Financial's most frequently cited loan purpose was Home Purchase, with 5,101 originations. The 2nd most popular reason was Cash Out Refi, with 140 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,275 $1,594,215,000 $302,221 $9,444 6.87%
    15 Year 62 $19,860,000 $320,323 $7,942 6.10%
    Other 29 $5,305,000 $182,931 $10,862 7.38%
    20 Year 10 $2,900,000 $290,000 $8,322 6.86%
    10 Year 2 $560,000 $280,000 $7,232 6.81%

    For 2023, T2 Financial's most frequently cited loan duration was 30 Year, with 5,275 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,937 $711,105,000 $367,117
    $1k-2k 1,182 $352,250,000 $298,012
    $4k-5k 662 $168,790,000 $254,970
    $3k-4k 625 $144,115,000 $230,584
    $2k-3k 598 $140,070,000 $234,231
    $<1k 319 $96,775,000 $303,370

    T2 Financial's average total fees were $9,444, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,937 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,715 $815,455,000 $300,352
    7-8% 1,956 $594,110,000 $303,737
    5-6% 557 $170,725,000 $306,508
    Over 8% 139 $39,185,000 $281,906
    4-5% 11 $3,365,000 $305,909

    During 2023, T2 Financial's average interest rate for loans was 6.87%, while their most frequently originated rate bucket for loans was 6-7%, with 2,715 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,803 $791,875,000 $282,510 $9,755 6.89%
    $100k-200k 1,324 $208,190,000 $157,243 $6,475 6.84%
    $400k-600k 803 $383,225,000 $477,242 $12,185 6.83%
    $600k-1MM 269 $192,775,000 $716,636 $13,505 6.87%
    $100,000 or less 154 $11,940,000 $77,532 $4,771 6.86%
    $1MM+ 25 $34,835,000 $1,393,400 $20,577 6.63%

    2023 saw T2 Financial place emphasis on $200k-400k loans with 2,803 originations, totaling $791,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,395 $451,415,000 $323,595 $10,504 6.92%
    $50k-75k 1,155 $241,865,000 $209,407 $7,909 6.78%
    $75k-100k 1,088 $284,960,000 $261,912 $9,578 6.85%
    $150k-250k 888 $363,740,000 $409,617 $10,262 6.93%
    $50k or less 443 $63,415,000 $143,149 $6,361 6.71%
    $250k+ 401 $215,135,000 $536,496 $11,236 6.97%

    T2 Financial lent most frequently to those with incomes in the $100k-150k range, with 1,395 originations. The second most popular income band? $50k-75k, with 1,155 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 726 $211,110,000 $290,785 $8,407 6.86%
    50-60% 699 $212,425,000 $303,898 $12,748 6.76%
    20-30% 596 $174,750,000 $293,205 $7,944 6.79%
    49% 346 $103,540,000 $299,249 $8,980 6.91%
    44% 280 $86,950,000 $310,536 $9,105 6.89%
    45% 259 $77,385,000 $298,784 $9,500 6.95%
    43% 256 $80,020,000 $312,578 $9,085 6.90%
    46% 243 $77,945,000 $320,761 $10,096 6.89%
    47% 240 $67,520,000 $281,333 $9,371 6.86%
    48% 231 $71,405,000 $309,113 $10,281 6.89%
    40% 219 $71,045,000 $324,406 $9,282 6.88%
    42% 210 $68,490,000 $326,143 $9,340 6.92%
    41% 202 $63,470,000 $314,208 $8,957 6.89%
    39% 190 $55,150,000 $290,263 $9,092 6.88%
    37% 174 $53,000,000 $304,598 $8,848 6.92%
    36% 168 $49,430,000 $294,226 $8,523 6.87%
    38% 167 $47,995,000 $287,395 $8,821 6.92%
    <20% 147 $42,985,000 $292,415 $7,755 6.83%
    >60% 13 $6,305,000 $485,000 $13,652 6.69%

    T2 Financial lent most frequently to those with DTI ratios of 30-36%, with 726 originations. The next most common DTI ratio? 50-60%, with 699 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,054 $1,207,400,000 $297,829 $9,221 6.87%
    Black 505 $155,045,000 $307,020 $11,717 6.82%
    Not provided 489 $153,315,000 $313,528 $9,153 6.91%
    Asian 262 $91,060,000 $347,557 $8,896 6.78%
    American Indian 57 $13,045,000 $228,860 $8,883 6.85%
    Native Hawaiian or Islander 11 $2,975,000 $270,455 $9,198 6.92%

    Approval Rates

    Total approvals of all applications
    92.29%

    T2 Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.41%

    T2 Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,378 $1,622,840,000 $301,755

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,378 $1,622,840,000 $301,755

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 136 $22,410,000 $164,779 $5,109 6.73%
    40-60% 308 $81,710,000 $265,292 $6,954 6.73%
    60-80% 1,171 $371,405,000 $317,169 $8,463 6.91%
    80-100% 3,645 $1,101,475,000 $302,188 $9,873 6.87%
    Over 100% 101 $43,965,000 $435,297 $18,120 6.58%
    Under 20% 17 $1,875,000 $110,294 $4,454 7.01%