T2 FINANCIAL LLC closing costs and rates (2024)
In 2024, T2 FINANCIAL LLC originated 6,477 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $8,357. That ranks #70 nationally by origination volume. For total closing costs among lenders with 500+ originations, T2 FINANCIAL LLC ranks #465. That is $1,616 above the national median of $6,741. T2 FINANCIAL LLC is most active in Texas with 1,362 originations there.
Purchase Originations
6,477
Ranked #70 nationally
Median Total Costs
$8,357
+24.0% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$3,180
Median Lender Credits
$150
Cost Rank (500+ vol.)
#465
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,531 | 6.875% | $6,476 | $2,732 |
| fha | 2,162 | 6.625% | $11,521 | $3,784 |
| va | 665 | 6.500% | $9,080 | $2,599 |
| usda | 119 | 6.500% | $7,694 | $2,993 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,362 | 6.625% | $8,758 | #49 |
| North Carolina | 523 | 6.750% | $8,988 | #46 |
| Ohio | 501 | 6.990% | $6,734 | #46 |
| South Carolina | 482 | 6.750% | $9,173 | #31 |
| Florida | 400 | 6.750% | $11,233 | #105 |
| Connecticut | 346 | 6.750% | $7,850 | #15 |
| Kentucky | 290 | 6.375% | $7,455 | #35 |
| Washington | 263 | 6.875% | $10,350 | #53 |
| Illinois | 256 | 6.875% | $7,385 | #81 |
| Virginia | 204 | 6.625% | $10,263 | #85 |
| Pennsylvania | 185 | 6.625% | $8,276 | #108 |
| Maryland | 177 | 6.750% | $9,375 | #71 |
| Tennessee | 173 | 6.500% | $10,810 | #84 |
| Maine | 143 | 7.125% | $7,777 | #20 |
| Louisiana | 122 | 6.688% | $9,530 | #49 |
| Michigan | 109 | 7.000% | $6,505 | #108 |
| Kansas | 102 | 7.125% | $6,908 | #66 |
| Colorado | 100 | 6.750% | $8,120 | #106 |
| Arkansas | 99 | 6.625% | $7,832 | #63 |
| Massachusetts | 88 | 6.933% | $5,362 | #98 |
| Missouri | 86 | 7.125% | $5,851 | #107 |
| Arizona | 70 | 6.750% | $5,740 | #126 |
| Georgia | 57 | 6.500% | $9,545 | #187 |
| Oklahoma | 46 | 6.562% | $9,266 | — |
| West Virginia | 43 | 6.750% | $8,466 | — |
| New Jersey | 38 | 6.990% | $8,630 | — |
| Idaho | 30 | 6.750% | $17,887 | — |
| Indiana | 27 | 6.750% | $6,948 | — |
| Alabama | 26 | 6.750% | $9,936 | — |
| Wisconsin | 26 | 7.000% | $4,539 | — |
| Nevada | 20 | 7.062% | $10,361 | — |
| California | 18 | 6.688% | $9,157 | — |
| Mississippi | 18 | 6.688% | $9,235 | — |
| New Hampshire | 13 | 7.125% | $4,550 | — |
| Rhode Island | 10 | 6.562% | $7,206 | — |
| Oregon | 7 | 7.000% | $9,000 | — |
| Wyoming | 4 | 7.062% | $9,824 | — |
| Delaware | 3 | 6.875% | $5,590 | — |
| New Mexico | 3 | 6.625% | $3,990 | — |
| Nebraska | 2 | 6.750% | $5,722 | — |
| District of Columbia | 1 | 6.990% | $20,540 | — |
| Iowa | 1 | 6.750% | $9,427 | — |
| Minnesota | 1 | 7.375% | $6,034 | — |
| Montana | 1 | 5.875% | $13,960 | — |
| Utah | 1 | 6.990% | $11,245 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,117 | 6.750% | — | 53 | −$3,240 | |
| 2 | $5,772 | 6.990% | — | 71 | −$2,585 | |
| 3 | $6,148 | 7.125% | — | 55 | −$2,209 | |
| 4 | $6,269 | 7.000% | — | 63 | −$2,088 | |
| 5 | $6,737 | 6.875% | — | 174 | −$1,620 | |
| 6 | $6,884 | 6.750% | — | 71 | −$1,473 | |
| 7 | $6,992 | 7.125% | — | 94 | −$1,365 | |
| 8 | $7,315 | 7.125% | — | 55 | −$1,042 | |
| 9 | $7,370 | 6.875% | — | 157 | −$987 | |
| 10 | $7,685 | 6.500% | — | 410 | −$672 | |
| 11 | $8,190 | 6.625% | — | 99 | −$167 | |
| 12 | $8,319 | 6.125% | — | 71 | −$38 | |
| 13 | $8,520 | 6.990% | — | 181 | +$163 | |
| 14 | $8,617 | 6.625% | — | 56 | +$260 | |
| 15 | $8,916 | 6.750% | — | 84 | +$559 | |
| 16 | $8,976 | 6.490% | — | 59 | +$619 | |
| 17 | $9,453 | 7.000% | — | 78 | +$1,096 | |
| 18 | $9,475 | 6.625% | — | 274 | +$1,118 | |
| 19 | $11,230 | 6.750% | — | 70 | +$2,873 | |
| 20 | $11,643 | 6.500% | — | 54 | +$3,286 |
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.