T2 FINANCIAL LLC
WESTERVILLE, OH
T2 FINANCIAL LLC processed 10,314 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 7,840 loans with a 6.1% denial rate. Home Purchase was the primary loan purpose. Based in WESTERVILLE, OH. The approval rate of 76.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. T2 FINANCIAL LLC processed 10,314 HMDA-reported mortgage applications in 2024, originating 7,840 loans and denying 625 for a denial rate of 6.1% (applicants themselves withdrew 850 files before a decision). The average loan amount was $328,384 at a 6.791% average note rate, and applicants self-reported an average income of $40,000. The lender reports under LEI 549300GTVXJ2PGXNLM73 from WESTERVILLE, OH.
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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. T2 FINANCIAL LLC's 76.0% origination rate tells you how often an application turned into funded money; the 6.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (6,137 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 6,137 | 4,744 | 282 | $350,193 |
| FHA | 3,093 | 2,265 | 300 | $274,075 |
| VA | 926 | 711 | 36 | $384,330 |
| USDA | 158 | 120 | 7 | $216,519 |
Top loan types — T2 FINANCIAL LLC
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for T2 FINANCIAL LLC (LEI: 549300GTVXJ2PGXNLM73) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 9,272 | 7,108 | $327,948 |
| Refinancing | 472 | 341 | $401,123 |
| Cash-out Refinancing | 416 | 286 | $288,798 |
| Other | 110 | 82 | $241,818 |
| Home Improvement | 43 | 23 | $231,279 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 7,241 | 77.5% | 5.4% |
| Black or African American | 935 | 66.8% | 11.7% |
| Asian | 650 | 73.4% | 4.5% |
| Joint | 218 | 76.2% | 5.5% |
| American Indian or Alaska Native | 86 | 66.3% | 15.1% |
| 2 or more minority races | 19 | 79.0% | 5.3% |
| Native Hawaiian or Other Pacific Islander | 11 | 72.7% | 9.1% |
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 | 7,532 | 76.4% | 5.7% |
| Hispanic or Latino | 1,469 | 73.7% | 8.1% |
| Joint | 266 | 80.8% | 5.6% |
Nearby Lenders in OH
Other HMDA-reporting lenders in OH with similar activity. Compare any two side-by-side.
US BANK, N.A.
CINCINNATI, OH
CROSSCOUNTRY MORTGAGE, LLC
Cleveland, OH
JPMorgan Chase Bank, NA
Columbus, OH
Huntington National Bank
Columbus, OH
Fifth Third Bank, National Association
Cincinnati, OH
Mortgage Lending Guides
Frequently Asked Questions
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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.