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T2 FINANCIAL LLC
Independent Mortgage Company|CINCINNATI, OH|National
Loans Originated
7,057
Applications
9,172
Volume
$2 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.471%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,069
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
T2 FINANCIAL LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | National · 50 metro areas · 45 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$338,891
Average Borrower Income
$143,887
Average Property Value
$417,942
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 4,265 | 60.4% | +0.450% | $2,910 |
FHA Loans | Strong | Exceptional | Acceptable | Exceptional | 1,941 | 27.5% | +0.695% | $3,481 |
VA Loans | Strong | Exceptional | Acceptable | Exceptional | 656 | 9.3% | -0.082% | $3,187 |
Jumbo Loans | Sound | Strong | Acceptable | Sound | 89 | 1.3% | +0.377% | $2,008 |
USDA Loans | Sound | Exceptional | Acceptable | Strong | 106 | 1.5% | +0.354% | $2,544 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 6,561 | 93.0% | +0.486% | $3,182 |
Refinance | Sound | Strong | Acceptable | Strong | 496 | 7.0% | +0.298% | $1,677 |
Geographic Coverage
Metro Areas
49
States Served
45
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNENHNJNMNVOHOKORPARISCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Lubbock, TX, TXMSA
Volume: 480Mix: 6.80%
Place Specialization
Exceptional
2
Myrtle Beach, SCMSA
Volume: 244Mix: 3.46%
Place Specialization
Exceptional
3
Columbus, OH, OHMSA
Volume: 299Mix: 4.24%
Place Specialization
Strong
4
Houston, TXMSA
Volume: 498Mix: 7.06%
Place Specialization
Strong
5
San Angelo, TX, TXMSA
Volume: 81Mix: 1.15%
Place Specialization
Strong
6
Hilton Head Island, SCMSA
Volume: 101Mix: 1.43%
Place Specialization
Strong
7
Lewiston, MEMSA
Volume: 58Mix: 0.82%
Place Specialization
Strong
8
Norwich, CTMSA
Volume: 60Mix: 0.85%
Place Specialization
Strong
9
Allentown, PA-NJMSA
Volume: 107Mix: 1.52%
Place Specialization
Strong
10
Waterbury, CTMSA
Volume: 77Mix: 1.09%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 1,478Mix: 20.94%
Place Specialization
Exceptional
2
SCState
Volume: 468Mix: 6.63%
Place Specialization
Strong
3
CTState
Volume: 390Mix: 5.53%
Place Specialization
Strong
4
KYState
Volume: 294Mix: 4.17%
Place Specialization
Strong
5
OHState
Volume: 552Mix: 7.82%
Place Specialization
Strong
6
NCState
Volume: 474Mix: 6.72%
Place Specialization
Strong
7
WAState
Volume: 262Mix: 3.71%
Place Specialization
Strong
8
ILState
Volume: 337Mix: 4.78%
Place Specialization
Strong
9
MEState
Volume: 136Mix: 1.93%
Place Specialization
Strong
10
VAState
Volume: 215Mix: 3.05%
Place Specialization
Strong
Showing 10 of 35 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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