T2 Financial Mortgage Rates, Fees & Info
COLUMBUS, OHLEI: 549300GTVXJ2PGXNLM73
Tax ID: 82-3060879
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Mortgage Data
Review & Overview
T2 Financial is a small mortgage company specializing in Home Purchase and Refi 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. Their top markets by origination volume include: Columbus, Cincinnati, Myrtle Beach, Milwaukee, and Cleveland among others. We have data for 211 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 12/17/24 |
| 30 Year Conventional Refi | 6.51% | 12/17/24 |
| 30 Year Cash-out Refi | 6.79% | 12/17/24 |
| 30 Year FHA Purchase | 7.78% | 12/17/24 |
| 30 Year FHA Refi | 7.23% | 12/17/24 |
| 30 Year VA Purchase | 6.52% | 12/17/24 |
| 30 Year VA Refi | 6.07% | 12/17/24 |
| 30 Year USDA Purchase | 7.08% | 12/17/24 |
| 30 Year USDA Refi | 6.27% | 12/17/24 |
| 15 Year Conventional Purchase | 6.35% | 12/17/24 |
| 15 Year Conventional Refi | 5.91% | 12/17/24 |
| 15 Year Cash-out Refi | 5.91% | 12/17/24 |
| 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
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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
5,981Origination Dollar Volume (All Markets)
$1,345,785,000Awards
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T2 FINANCIAL - 2020
T2 FINANCIAL is a 2020 , due to their low .
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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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 2,278 | $522,420,000 | $229,333 | $4,598 | 3.21% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 565 | $119,165,000 | $210,912 | $5,056 | 3.14% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 468 | $93,970,000 | $200,791 | $5,097 | 3.34% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 208 | $46,390,000 | $223,029 | $3,262 | 3.07% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 202 | $42,020,000 | $208,020 | $4,378 | 3.04% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 179 | $31,895,000 | $178,184 | $5,592 | 3.36% |
| PITTSBURGH, PA (FHA|USDA|VA) | 137 | $29,765,000 | $217,263 | $5,616 | 2.96% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 76 | $20,980,000 | $276,053 | $6,629 | 3.56% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 98 | $20,290,000 | $207,041 | $5,344 | 3.40% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 75 | $19,885,000 | $265,133 | $5,460 | 3.18% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 54 | $17,760,000 | $328,889 | $6,808 | 3.23% |
| AKRON, OH (FHA|USDA|VA) | 82 | $17,710,000 | $215,976 | $3,733 | 3.05% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 51 | $16,855,000 | $330,490 | $3,555 | 2.85% |
| Outside of Metro Areas | 79 | $15,355,000 | $194,367 | $5,274 | 3.29% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 49 | $14,605,000 | $298,061 | $7,635 | 3.28% |
| KNOXVILLE, TN (FHA|USDA|VA) | 52 | $13,470,000 | $259,038 | $5,382 | 3.29% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 41 | $12,305,000 | $300,122 | $7,515 | 3.31% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 51 | $10,525,000 | $206,373 | $3,837 | 3.09% |
| MUSKEGON, MI (FHA|USDA|VA) | 69 | $10,445,000 | $151,377 | $4,269 | 3.26% |
| Traverse City, MI (FHA|USDA|VA) | 41 | $9,435,000 | $230,122 | $5,713 | 3.40% |
| Sevierville, TN (FHA|USDA|VA) | 32 | $9,280,000 | $290,000 | $5,622 | 3.22% |
| WHEELING, WV-OH (FHA|USDA|VA) | 55 | $8,895,000 | $161,727 | $4,087 | 3.35% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 37 | $8,895,000 | $240,405 | $5,246 | 3.02% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 26 | $8,850,000 | $340,385 | $9,105 | 3.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 37 | $8,775,000 | $237,162 | $3,372 | 3.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 34 | $8,570,000 | $252,059 | $5,372 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 30 | $8,190,000 | $273,000 | $3,787 | 2.80% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 24 | $8,160,000 | $340,000 | $5,723 | 2.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 28 | $6,820,000 | $243,571 | $5,385 | 2.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 22 | $6,820,000 | $310,000 | $6,131 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 22 | $6,500,000 | $295,455 | $4,477 | 2.70% |
| TOLEDO, OH (FHA|USDA|VA) | 28 | $5,320,000 | $190,000 | $3,367 | 2.67% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 28 | $5,000,000 | $178,571 | $5,551 | 3.16% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $4,880,000 | $406,667 | $6,258 | 2.86% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 20 | $4,830,000 | $241,500 | $4,033 | 2.93% |
| FRESNO, CA (FHA|USDA|VA) | 14 | $4,740,000 | $338,571 | $5,520 | 3.13% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 27 | $4,315,000 | $159,815 | $5,136 | 3.32% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $4,305,000 | $391,364 | $6,187 | 3.18% |
| RACINE, WI (FHA|USDA|VA) | 17 | $3,875,000 | $227,941 | $3,017 | 2.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $3,680,000 | $306,667 | $5,667 | 3.16% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $3,550,000 | $295,833 | $10,425 | 3.06% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 21 | $3,485,000 | $165,952 | $3,789 | 2.98% |
| Mount Vernon, OH (FHA|USDA|VA) | 24 | $3,470,000 | $144,583 | $5,212 | 3.43% |
| Georgetown, SC (FHA|USDA|VA) | 18 | $3,470,000 | $192,778 | $4,848 | 3.32% |
| Marion, OH (FHA|USDA|VA) | 20 | $3,430,000 | $171,500 | $5,273 | 3.72% |
| Athens, OH (FHA|USDA|VA) | 22 | $3,390,000 | $154,091 | $4,349 | 3.35% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $5,124 | 2.76% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 10 | $3,100,000 | $310,000 | $8,169 | 3.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $2,885,000 | $320,556 | $8,064 | 3.22% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $2,520,000 | $210,000 | $6,833 | 3.25% |
| Washington Court House, OH (FHA|USDA|VA) | 15 | $2,505,000 | $167,000 | $6,326 | 3.45% |
| MADERA, CA (FHA|USDA|VA) | 9 | $2,415,000 | $268,333 | $6,479 | 3.67% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 16 | $2,330,000 | $145,625 | $3,677 | 3.46% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 11 | $2,095,000 | $190,455 | $5,394 | 2.94% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 11 | $2,045,000 | $185,909 | $2,904 | 2.88% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 15 | $2,035,000 | $135,667 | $3,351 | 2.83% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $1,885,000 | $269,286 | $4,990 | 3.18% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $6,751 | 3.73% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $5,132 | 3.09% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $4,039 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $3,026 | 2.56% |
| Zanesville, OH (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $4,917 | 2.85% |
| MANSFIELD, OH (FHA|USDA|VA) | 9 | $1,635,000 | $181,667 | $5,591 | 3.94% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $5,749 | 3.08% |
| Urbana, OH (FHA|USDA|VA) | 11 | $1,475,000 | $134,091 | $5,139 | 3.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $5,885 | 3.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $10,893 | 3.04% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $7,259 | 2.96% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $4,098 | 3.21% |
| MORRISTOWN, TN (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $6,583 | 3.39% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $4,878 | 2.74% |
| Wooster, OH (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $4,889 | 3.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $6,750 | 2.67% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $6,023 | 3.23% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $6,200 | 3.03% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $5,447 | 2.98% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $4,987 | 2.85% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $4,417 | 2.83% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $6,347 | 2.97% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $4,649 | 2.83% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $5,351 | 3.15% |
| Bellefontaine, OH (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $5,914 | 3.35% |
| Findlay, OH (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,959 | 2.60% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,552 | 3.50% |
| Dayton, TN (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $5,330 | 3.58% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $4,902 | 2.75% |
| Holland, MI (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $4,480 | 3.38% |
| Chillicothe, OH (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,753 | 3.59% |
| Shelbyville, TN (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $4,557 | 2.94% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,617 | 3.04% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $3,452 | 3.06% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $6,982 | 3.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,091 | 3.18% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,818 | 2.84% |
| LIMA, OH (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $4,036 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,363 | 3.31% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $8,452 | 2.81% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,059 | 2.92% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,325 | 3.58% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,901 | 3.75% |
| Forest City, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,655 | 2.96% |
| Cadillac, MI (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,961 | 3.31% |
| Wilmington, OH (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $7,108 | 3.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,229 | 3.17% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $7,160 | 3.08% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,836 | 3.19% |
| Ashland, OH (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,718 | 2.62% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,968 | 2.92% |
| Ashtabula, OH (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,062 | 3.50% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,487 | 2.54% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,346 | 3.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,236 | 2.75% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,336 | 3.50% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,841 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,461 | 3.19% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,402 | 2.94% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $21,438 | 2.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $13,992 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,475 | 3.63% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,396 | 3.00% |
| Coshocton, OH (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,437 | 3.42% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,389 | 2.69% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,095 | 2.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,374 | 3.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,444 | 2.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,814 | 4.12% |
| Sidney, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,470 | 2.94% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,568 | 2.88% |
| Salem, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,544 | 2.62% |
| Portsmouth, OH (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,251 | 2.71% |
| Boone, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,338 | 2.75% |
| Greenville, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $5,965 | 4.13% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,735 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,828 | 3.25% |
| OCALA, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,298 | 3.69% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,239 | 3.31% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $23,186 | 3.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,322 | 2.88% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,949 | 3.44% |
| Crossville, TN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,836 | 3.31% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,442 | 3.13% |
| Centralia, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,519 | 3.50% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,806 | 3.88% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,848 | 4.06% |
| Van Wert, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,527 | 4.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,502 | 3.62% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,352 | 3.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,282 | 3.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,589 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,666 | 3.00% |
| Sterling, IL (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $3,344 | 3.78% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,133 | 2.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $18,454 | 3.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,008 | 2.63% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,952 | 2.63% |
| Stevens Point, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,069 | 2.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,938 | 2.44% |
| Athens, TN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,471 | 3.50% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,227 | 2.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,892 | 3.75% |
| Celina, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,900 | 3.56% |
| FLINT, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,305 | 3.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,246 | 5.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,554 | 3.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,507 | 2.88% |
| CHARLESTON, WV (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,098 | 3.56% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,947 | 2.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,362 | 3.13% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,678 | 3.25% |
| Ludington, MI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,303 | 3.13% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,583 | 2.75% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,352 | 2.88% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,730 | 3.38% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,222 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,485 | 3.13% |
| ERIE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,051 | 2.88% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,929 | 5.50% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,057 | 2.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,933 | 3.44% |
| Wilson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,637 | 2.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,295 | 2.63% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,984 | 3.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,908 | 2.75% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,583 | 3.75% |
| Newport, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,397 | 3.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,989 | 2.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $728 | 3.38% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,237 | 3.38% |
| New Castle, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,572 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,083 | 3.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,406 | 3.50% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,918 | 3.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,641 | 3.25% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,453 | 3.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,671 | 3.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,787 | 2.75% |
| Marietta, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,635 | 3.75% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,941 | 5.25% |
| Logansport, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,025 | 2.75% |
| Shelby, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,960 | 3.88% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,526 | 3.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,323 | 3.75% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,857 | 3.63% |
| Somerset, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,491 | 2.75% |
| MONROE, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,824 | 2.75% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,415 | 3.63% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,045 | 3.63% |
| New Castle, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,877 | 3.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,958 | 5.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,882 | 2.88% |
| Richmond, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,806 | 4.75% |
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Product Mix
For 2020, T2 Financial's most frequently originated type of loan was Conventional, with 4,655 originations. Their 2nd most popular type was FHA, with 954 originations.
Loan Reason
For 2020, T2 Financial's most frequently cited loan purpose was Home Purchase, with 3,238 originations. The 2nd most popular reason was Refi, with 2,045 originations.
Loan Duration/Length
For 2020, T2 Financial's most frequently cited loan duration was 30 Year, with 5,108 originations. The 2nd most popular length was 15 Year, with 608 originations.
Origination Fees/Closing Costs
T2 Financial's average total fees were $5,125, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,506 originations.
Interest Rates
During 2020, T2 Financial's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 2,463 originations.
Loan Sizing
2020 saw T2 Financial place emphasis on $200k-400k loans with 2,688 originations, totaling $731,810,000 in origination value.
Applicant Income
T2 Financial lent most frequently to those with incomes in the $50k-75k range, with 1,505 originations. The second most popular income band? $50k or less, with 1,320 originations.
Applicant Debt to Income Ratio
T2 Financial lent most frequently to those with DTI ratios of 20-30%, with 1,290 originations. The next most common DTI ratio? 30-36%, with 1,064 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.69%
T2 Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.05%
T2 Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,981 | $1,345,785,000 | $225,010 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 18 | $2,200,000 | $122,222 |
| Single Family (1-4 Units):Site-Built | 5,963 | $1,343,585,000 | $225,320 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| T2 Financial LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |