M SQUARED FINANCIAL LLC closing costs and rates (2024)
In 2024, M SQUARED FINANCIAL LLC originated 590 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,352. That ranks #574 nationally by origination volume. For total closing costs among lenders with 500+ originations, M SQUARED FINANCIAL LLC ranks #144. That is $2,389 below the national median of $6,741. M SQUARED FINANCIAL LLC is most active in Missouri with 270 originations there.
Purchase Originations
590
Ranked #574 nationally
Median Total Costs
$4,352
−35.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,349
Median Lender Credits
$900
Cost Rank (500+ vol.)
#144
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 384 | 6.625% | $3,562 | $1,349 |
| fha | 138 | 6.375% | $8,176 | $1,510 |
| va | 68 | 6.125% | $6,524 | $1,349 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Missouri | 270 | 6.500% | $4,360 | #44 |
| Kansas | 266 | 6.625% | $3,914 | #23 |
| Texas | 20 | 6.000% | $6,955 | — |
| Virginia | 8 | 6.375% | $6,161 | — |
| Florida | 7 | 6.375% | $6,407 | — |
| Georgia | 4 | 6.375% | $4,510 | — |
| Illinois | 4 | 6.808% | $10,073 | — |
| Colorado | 3 | 6.000% | $11,022 | — |
| Minnesota | 3 | 5.875% | $4,316 | — |
| North Carolina | 3 | 5.875% | $5,597 | — |
| California | 2 | 6.562% | $6,627 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,388 | 6.375% | — | 12 | −$964 | |
| 2 | $3,393 | 6.562% | — | 6 | −$959 | |
| 3 | $3,565 | 6.750% | — | 6 | −$787 | |
| 4 | $3,626 | 6.625% | — | 174 | −$726 | |
| 5 | $4,029 | 6.625% | — | 150 | −$323 | |
| 6 | $4,064 | 6.625% | — | 15 | −$288 | |
| 7 | $4,263 | 6.250% | — | 2 | −$89 | |
| 8 | $4,311 | 6.375% | — | 3 | −$41 | |
| 9 | $4,354 | 6.500% | — | 45 | +$2 | |
| 10 | $4,725 | 6.625% | — | 5 | +$373 | |
| 11 | $5,323 | 6.750% | — | 2 | +$971 | |
| 12 | $5,630 | 6.625% | — | 37 | +$1,278 | |
| 13 | $5,677 | 6.625% | — | 9 | +$1,325 | |
| 14 | $6,242 | 6.625% | — | 31 | +$1,890 | |
| 15 | $6,955 | 6.062% | — | 4 | +$2,603 | |
| 16 | $7,355 | 6.312% | — | 8 | +$3,003 | |
| 17 | $7,870 | 6.000% | — | 3 | +$3,518 | |
| 18 | $8,234 | 6.390% | — | 12 | +$3,882 | |
| 19 | $9,849 | 5.688% | — | 2 | +$5,497 | |
| 20 | $10,029 | 6.500% | — | 3 | +$5,677 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.