Kwik Mortgage Corporation Rates, Fees & Info

Parsippany, NJ

LEI: 2549004CU9LAM5CYA280

Tax ID: 22-3626334

5 stars - out of 5 stars, based on 49 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Kwik Mortgage Corporation is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Kwik Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Los Angeles, Boston, San Francisco, and Philadelphia among others. We have data for 118 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kwik Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kwik Mortgage Corporation is typically an average fee lender. They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender in 2021-- chances are they are still one in 2022.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.27% 8/6/22
    30 Year Conventional Refi 5.11% 8/6/22
    30 Year Cash-out Refi 5.18% 8/6/22
    30 Year FHA Purchase 6.04% 8/6/22
    30 Year FHA Refi 5.30% 8/6/22
    30 Year VA Purchase 5.30% 8/6/22
    30 Year VA Refi 4.91% 8/6/22
    15 Year Conventional Purchase 4.20% 8/6/22
    15 Year Conventional Refi 4.12% 8/6/22
    15 Year Cash-out Refi 4.12% 8/6/22
    15 Year FHA Refi 4.75% 8/6/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,435

    Origination Dollar Volume (All Markets)

    $932,355,000
    Show all (37) awards

    Relative Rate

    Kwik Mortgage Corporation's average 30 year fixed rate mortgage of loans were 2.89%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of -0.26%.

    Relative Fees

    Kwik Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $3,452.

    The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) » 1,021 $388,995,000 $380,994 $3,585 2.66%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » 134 $61,540,000 $459,254 $2,405 2.55%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) » 121 $47,865,000 $395,579 $2,053 2.43%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 78 $38,380,000 $492,051 $2,134 2.56%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) » 89 $30,435,000 $341,966 $3,361 2.62%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » 68 $26,110,000 $383,971 $2,246 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » 73 $25,545,000 $349,932 $3,543 2.60%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) » 62 $23,050,000 $371,774 $2,736 2.60%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 51 $21,655,000 $424,608 $2,051 2.67%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » 57 $21,295,000 $373,596 $1,831 2.64%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) » 60 $20,700,000 $345,000 $2,154 2.65%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) » 46 $18,950,000 $411,957 $2,262 2.66%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » 44 $14,940,000 $339,545 $3,683 2.59%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 31 $13,655,000 $440,484 $2,032 2.46%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) » 41 $13,195,000 $321,829 $2,842 2.88%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) » 34 $12,930,000 $380,294 $3,728 2.82%
    STOCKTON, CA (FHA|USDA|VA) » 27 $12,355,000 $457,593 $2,685 2.87%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) » 24 $11,600,000 $483,333 $2,429 2.70%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) » 22 $8,740,000 $397,273 $1,513 2.49%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) » 19 $6,905,000 $363,421 $1,932 2.63%
    WORCESTER, MA-CT (FHA|USDA|VA) » 19 $6,825,000 $359,211 $2,009 2.51%
    RALEIGH-CARY, NC (FHA|USDA|VA) » 13 $4,865,000 $374,231 $2,180 2.81%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) » 16 $4,750,000 $296,875 $1,942 2.57%
    RICHMOND, VA (FHA|USDA|VA) » 13 $4,195,000 $322,692 $1,847 2.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) » 11 $3,945,000 $358,636 $4,105 2.90%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) » 9 $3,415,000 $379,444 $2,105 2.68%
    VALLEJO, CA (FHA|USDA|VA) » 8 $3,300,000 $412,500 $2,750 2.78%
    Outside of Metro Areas 11 $2,755,000 $250,455 $2,684 2.86%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 6 $2,730,000 $455,000 $1,746 2.44%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) » 8 $2,640,000 $330,000 $3,247 2.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) » 8 $2,600,000 $325,000 $4,560 2.70%
    MODESTO, CA (FHA|USDA|VA) » 7 $2,565,000 $366,429 $1,276 2.73%
    JACKSONVILLE, FL (FHA|USDA|VA) » 6 $2,410,000 $401,667 $2,901 2.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) » 9 $2,345,000 $260,556 $3,554 2.96%
    FRESNO, CA (FHA|USDA|VA) » 8 $2,310,000 $288,750 $1,644 2.81%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 5 $2,225,000 $445,000 $2,080 2.65%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » 5 $2,135,000 $427,000 $1,108 2.60%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) » 5 $2,085,000 $417,000 $1,767 2.45%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » 6 $2,060,000 $343,333 $3,698 2.90%
    PITTSBURGH, PA (FHA|USDA|VA) » 5 $1,975,000 $395,000 $3,353 2.53%
    COLUMBUS, OH (FHA|USDA|VA) » 5 $1,925,000 $385,000 $1,600 2.80%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) » 7 $1,895,000 $270,714 $1,614 3.04%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) » 5 $1,855,000 $371,000 $1,517 2.43%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) » 5 $1,835,000 $367,000 $2,999 2.53%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) » 5 $1,765,000 $353,000 $3,889 2.50%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) » 5 $1,655,000 $331,000 $1,279 2.18%
    OCEAN CITY, NJ (FHA|USDA|VA) » 5 $1,645,000 $329,000 $4,389 2.70%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) » 6 $1,530,000 $255,000 $3,001 3.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) » 4 $1,370,000 $342,500 $2,208 2.97%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) » 3 $1,285,000 $428,333 $3,901 2.42%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) » 4 $1,080,000 $270,000 $1,392 2.81%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) » 2 $1,060,000 $530,000 $2,565 2.81%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) » 3 $1,055,000 $351,667 $2,200 2.79%
    SALINAS, CA (FHA|USDA|VA) » 3 $1,045,000 $348,333 $2,021 2.67%
    EAST STROUDSBURG, PA (FHA|USDA|VA) » 3 $1,045,000 $348,333 $4,587 3.25%
    SPRINGFIELD, MA (FHA|USDA|VA) » 3 $1,015,000 $338,333 $1,557 2.33%
    Sonora, CA (FHA|USDA|VA) » 3 $975,000 $325,000 $3,277 3.72%
    MADERA, CA (FHA|USDA|VA) » 2 $930,000 $465,000 $5,295 2.69%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) » 2 $920,000 $460,000 $1,557 2.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) » 2 $870,000 $435,000 $2,549 2.63%
    LANCASTER, PA (FHA|USDA|VA) » 3 $855,000 $285,000 $3,300 2.92%
    NAPA, CA (FHA|USDA|VA) » 1 $845,000 $845,000 $2,131 3.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) » 3 $825,000 $275,000 $4,671 2.33%
    CHICO, CA (FHA|USDA|VA) » 2 $820,000 $410,000 $2,357 2.75%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) » 3 $735,000 $245,000 $2,630 3.13%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) » 2 $720,000 $360,000 $1,165 1.94%
    AKRON, OH (FHA|USDA|VA) » 2 $700,000 $350,000 $2,101 2.19%
    PORT ST. LUCIE, FL (FHA|USDA|VA) » 3 $685,000 $228,333 $3,569 3.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) » 3 $685,000 $228,333 $1,437 2.25%
    Granbury, TX (FHA|USDA|VA) » 2 $640,000 $320,000 $4,401 2.00%
    LONGVIEW, TX (FHA|USDA|VA) » 2 $580,000 $290,000 $2,983 2.94%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) » 2 $580,000 $290,000 $1,349 2.06%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) » 2 $580,000 $290,000 $1,734 2.81%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) » 1 $545,000 $545,000 $6,017 3.25%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) » 1 $545,000 $545,000 $2,807 2.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) » 1 $535,000 $535,000 $4,006 3.13%
    VISALIA, CA (FHA|USDA|VA) » 2 $530,000 $265,000 $4,053 2.56%
    BAKERSFIELD, CA (FHA|USDA|VA) » 2 $530,000 $265,000 $951 2.50%
    REDDING, CA (FHA|USDA|VA) » 1 $515,000 $515,000 $1,081 2.63%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) » 1 $505,000 $505,000 $2,811 2.63%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) » 1 $485,000 $485,000 $3,466 2.88%
    ASHEVILLE, NC (FHA|USDA|VA) » 1 $445,000 $445,000 $2,580 2.88%
    CORPUS CHRISTI, TX (FHA|USDA|VA) » 1 $435,000 $435,000 $2,199 2.50%
    BELLINGHAM, WA (FHA|USDA|VA) » 1 $425,000 $425,000 $2,924 2.88%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) » 1 $425,000 $425,000 $1,758 2.63%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) » 1 $405,000 $405,000 $1,486 2.75%
    Cookeville, TN (FHA|USDA|VA) » 1 $405,000 $405,000 $1,106 3.00%
    TYLER, TX (FHA|USDA|VA) » 1 $395,000 $395,000 $5,268 2.63%
    HARRISONBURG, VA (FHA|USDA|VA) » 1 $395,000 $395,000 $1,166 2.00%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) » 1 $385,000 $385,000 $1,109 2.75%
    KNOXVILLE, TN (FHA|USDA|VA) » 1 $355,000 $355,000 $2,211 2.13%
    Susanville, CA (FHA|USDA|VA) » 1 $325,000 $325,000 $2,020 2.75%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) » 1 $325,000 $325,000 $3,418 3.13%
    Athens, TX (FHA|USDA|VA) » 1 $315,000 $315,000 $2,270 2.38%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) » 1 $315,000 $315,000 $1,066 2.38%
    Sanford, NC (FHA|USDA|VA) » 1 $315,000 $315,000 $1,433 2.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) » 1 $315,000 $315,000 $4,942 2.25%
    ROCKY MOUNT, NC (FHA|USDA|VA) » 2 $310,000 $155,000 $2,628 3.19%
    ROANOKE, VA (FHA|USDA|VA) » 1 $305,000 $305,000 $1,609 2.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) » 1 $305,000 $305,000 $2,329 2.75%
    MERCED, CA (FHA|USDA|VA) » 1 $305,000 $305,000 $2,187 2.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) » 1 $295,000 $295,000 $4,403 2.63%
    YORK-HANOVER, PA (FHA|USDA|VA) » 1 $285,000 $285,000 $4,316 3.13%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) » 1 $285,000 $285,000 $3,011 3.13%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) » 1 $275,000 $275,000 $1,237 3.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) » 1 $275,000 $275,000 $1,126 3.13%
    DAYTON-KETTERING, OH (FHA|USDA|VA) » 1 $265,000 $265,000 $1,126 2.13%
    MIDLAND, TX (FHA|USDA|VA) » 1 $255,000 $255,000 $2,631 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) » 1 $255,000 $255,000 $3,213 3.50%
    READING, PA (FHA|USDA|VA) » 1 $255,000 $255,000 $4,983 3.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) » 1 $235,000 $235,000 $5,828 2.13%
    YUBA CITY, CA (FHA|USDA|VA) » 1 $235,000 $235,000 $921 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) » 1 $235,000 $235,000 $1,009 2.75%
    COLUMBIA, SC (FHA|USDA|VA) » 1 $225,000 $225,000 $3,776 4.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) » 1 $225,000 $225,000 $3,875 3.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) » 1 $185,000 $185,000 $4,284 2.88%
    WACO, TX (FHA|USDA|VA) » 1 $105,000 $105,000 $1,387 3.63%
    JACKSON, TN (FHA|USDA|VA) » 1 $95,000 $95,000 $1,600 2.75%

    Kwik Mortgage Corporation's top markets include New York, Los Angeles, Boston, San Francisco, and Philadelphia among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional » 2,416 $926,590,000 $383,522 $2,930 2.65%
    FHA » 16 $4,910,000 $306,875 $9,436 2.76%
    VA » 3 $855,000 $285,000 $3,301 2.25%

    For the 2021 period, Kwik Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 2,416 originations. Their 2nd most popular type is FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Cash Out Refi » 1,226 $459,650,000 $374,918 $2,324 2.61%
    Refi » 609 $223,665,000 $367,266 $2,039 2.47%
    Home Purchase » 600 $249,040,000 $415,067 $5,254 2.89%

    For the 2021, Kwik Mortgage Corporation's most frequently cited loan purpose of loans were Cash Out Refi, with 1,226 originations. The 2nd most popular reason of loans were Refi, with 609 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year » 1,503 $609,555,000 $405,559 $3,452 2.89%
    15 Year » 639 $222,245,000 $347,801 $2,203 2.18%
    20 Year » 189 $68,745,000 $363,730 $2,390 2.55%
    10 Year » 82 $24,280,000 $296,098 $1,722 2.01%
    Other » 22 $7,530,000 $342,273 $2,350 2.85%

    For the 2021, Kwik Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 1,503 originations. The 2nd most popular length of loans were 15 Year, with 639 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k » 2,123 $813,535,000 $383,201
    $1k-2k » 108 $37,990,000 $351,759
    $2k-3k » 73 $27,635,000 $378,562
    $5k+ » 66 $30,410,000 $460,758
    $3k-4k » 36 $11,130,000 $309,167
    $4k-5k » 28 $10,970,000 $391,786

    $3,452 of loans were Kwik Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,123 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% » 1,141 $466,105,000 $408,506
    <2.5% » 948 $347,470,000 $366,530
    3-4% » 335 $115,205,000 $343,896
    4-5% » 8 $2,340,000 $292,500
    5-6% » 2 $1,110,000 $555,000
    6-7% » 1 $125,000 $125,000

    During 2021, Kwik Mortgage Corporation's average interest rate of loans were 2.89%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k » 1,280 $392,900,000 $306,953 $2,714 2.61%
    $400k-600k » 884 $425,200,000 $480,995 $3,132 2.60%
    $100k-200k » 145 $23,115,000 $159,414 $2,459 3.00%
    $600k-1MM » 114 $81,070,000 $711,140 $5,089 2.91%
    $1MM+ » 8 $9,710,000 $1,213,750 $6,625 2.92%
    $100,000 or less » 4 $360,000 $90,000 $2,464 3.25%

    2021 saw Kwik Mortgage Corporation place emphasis on $200k-400k loans with 1,280 originations, totaling $392,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k » 824 $341,070,000 $413,920 $2,797 2.61%
    $100k-150k » 810 $304,520,000 $375,951 $2,984 2.63%
    $75k-100k » 319 $107,615,000 $337,351 $3,057 2.75%
    $250k+ » 255 $119,325,000 $467,941 $3,108 2.55%
    $50k-75k » 187 $51,765,000 $276,818 $3,300 2.78%
    $50k or less » 39 $7,725,000 $198,077 $3,361 2.88%

    Kwik Mortgage Corporation lent most frequently to those with incomes in the $150k-250k range, with 824 originations. The second most popular income band? $100k-150k, with 810 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% » 627 $236,505,000 $377,201 $2,665 2.55%
    30-36% » 487 $190,225,000 $390,606 $2,893 2.60%
    <20% » 215 $75,985,000 $353,419 $2,281 2.53%
    39% » 90 $34,650,000 $385,000 $3,462 2.67%
    37% » 90 $36,120,000 $401,333 $2,954 2.63%
    38% » 88 $34,040,000 $386,818 $3,261 2.63%
    42% » 87 $36,145,000 $415,460 $3,098 2.77%
    41% » 87 $33,335,000 $383,161 $2,876 2.67%
    36% » 80 $32,250,000 $403,125 $3,402 2.73%
    43% » 77 $30,135,000 $391,364 $3,355 2.78%
    40% » 76 $29,450,000 $387,500 $3,054 2.70%
    49% » 76 $26,850,000 $353,289 $3,159 2.87%
    44% » 72 $28,930,000 $401,806 $3,468 2.76%
    48% » 69 $24,795,000 $359,348 $3,178 2.76%
    46% » 66 $25,580,000 $387,576 $3,831 2.87%
    47% » 65 $25,195,000 $387,615 $3,612 2.82%
    45% » 62 $25,070,000 $404,355 $3,605 2.82%
    50-60% » 13 $4,715,000 $362,692 $4,829 2.73%

    Kwik Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 627 originations. The next most common DTI ratio? 30-36%, with 487 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian » 1,218 $473,630,000 $388,859 $3,050 2.64%
    White » 848 $318,600,000 $375,708 $2,854 2.65%
    Asian Indian » 165 $66,015,000 $400,091 $3,005 2.61%
    Not provided » 91 $33,115,000 $363,901 $3,040 2.70%
    Black » 49 $17,445,000 $356,020 $3,786 2.77%
    Other Asian » 17 $5,695,000 $335,000 $2,358 2.77%
    Chinese » 11 $4,825,000 $438,636 $2,339 2.56%
    Vietnamese » 8 $3,040,000 $380,000 $2,620 2.58%
    Filipino » 9 $3,015,000 $335,000 $1,517 2.63%
    American Indian » 9 $2,895,000 $321,667 $2,616 2.86%
    Japanese » 4 $1,490,000 $372,500 $2,042 2.31%
    Native Hawaiian or Islander » 3 $1,325,000 $441,667 $3,783 2.92%
    Korean » 2 $1,040,000 $520,000 $1,845 2.75%
    Samoan » 1 $225,000 $225,000 $831 2.38%

    Approval Rates

    Total approvals of all applications
    98.62%

    Kwik Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    67.27%

    Kwik Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,435 $932,355,000 $382,897

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    » 2,435 $932,355,000 $382,897

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% » 179 $57,265,000 $319,916 $2,206 2.44%
    40-60% » 757 $277,455,000 $366,519 $2,097 2.46%
    60-80% » 1,083 $422,775,000 $390,374 $3,032 2.74%
    80-100% » 398 $170,180,000 $427,588 $4,874 2.83%
    Under 20% » 16 $3,990,000 $249,375 $1,951 2.70%