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M Squared Financial LLC

Prairie Village, KS

M Squared Financial LLC processed 876 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 688 loans with a 1.8% denial rate. Home Purchase was the primary loan purpose. Based in Prairie Village, KS. The approval rate of 78.5% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. M Squared Financial LLC's 78.5% origination rate tells you how often an application turned into funded money; the 1.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Insufficient cash, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (556 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

876
Applications
688
Originated
1.8%
Denial Rate
$299,281
Avg Loan Amount
Avg Interest Rate: 6.544% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 556 456 6 $296,978
FHA 224 152 8 $264,241
VA 96 80 2 $394,375

Top loan types - M Squared Financial LLC

Top loan types - M Squared Financial LLC Horizontal bar chart of the top 3 items by value (applications). Top loan types - M Squared Financial LLC Top 3 1. Conventional 556 2. FHA 224 3. VA 96 Top 5 loan types by application volume at M Squared Financial LLC (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for M Squared Financial LLC (LEI: 5493008JUW0FLRMO0W64) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
8
Insufficient cash
4
Credit history
3
Employment history
2
Collateral
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 790 627 $299,835
Refinancing 86 61 $294,186

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 639 80.3% 1.4%
Black or African American 66 71.2% 4.5%
Asian * 27 85.2% 3.7%
Joint * 24 91.7% 4.2%
American Indian or Alaska Native * 6 83.3% 0.0%
2 or more minority races * 2 50.0% 0.0%
Native Hawaiian or Other Pacific Islander * 2 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 676 81.2% 1.8%
Hispanic or Latino 97 70.1% 1.0%
Joint * 35 65.7% 5.7%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in KS

Other HMDA-reporting lenders in KS with similar activity. Compare any two side-by-side.

Communityamerica Credit Union

LENEXA, KS

9,380 apps 6,246 originated 15.0% denied

Leaderone Financial CORP.

OVERLAND PARK, KS

6,935 apps 4,570 originated 7.7% denied

Farmers Bank & Trust

GREAT BEND, KS

2,656 apps 1,284 originated 8.0% denied

Capitol Federal Savings Bank

Lawrence, KS

2,539 apps 1,705 originated 9.7% denied

Armed Forces Bank, N.A.

Leavenworth, KS

2,058 apps 1,191 originated 11.5% denied
Compare M Squared Financial LLC vs Communityamerica Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did M Squared Financial LLC process?
M Squared Financial LLC processed 876 mortgage applications in the 2024 HMDA reporting year. Of these, 688 were originated (approved and funded), 172 were withdrawn by the applicant, and 16 were denied.
What is M Squared Financial LLC's mortgage approval rate?
M Squared Financial LLC has an approval (origination) rate of 78.5%, meaning 78.5% of all applications resulted in a funded mortgage. The denial rate is 1.8%.
What is the average loan amount at M Squared Financial LLC?
The average mortgage loan amount at M Squared Financial LLC is $299,281. The average interest rate is 6.544%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at M Squared Financial LLC?
The most common reasons for mortgage denial at M Squared Financial LLC are: Debt-to-income ratio, Insufficient cash, Credit history. In total, 16 applications were denied out of 876 total applications.
What types of mortgage loans does M Squared Financial LLC offer?
M Squared Financial LLC processes Conventional, FHA, VA loans. The most common type is Conventional with 556 applications and an average loan amount of $296,978.
What loan purposes does M Squared Financial LLC serve?
M Squared Financial LLC serves the following loan purposes: Home Purchase (790 applications), Refinancing (86 applications). Home Purchase is the most common purpose.
Where is M Squared Financial LLC located?
M Squared Financial LLC is headquartered in Prairie Village, KS. The lender is identified by LEI 5493008JUW0FLRMO0W64 in HMDA data.
How does M Squared Financial LLC compare in lending across racial demographics?
M Squared Financial LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 80.3% and denial rate of 1.4%; Black or African American applicants have an approval rate of 71.2% and denial rate of 4.5%; Asian applicants have an approval rate of 85.2% and denial rate of 3.7%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.