Quontic Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 2549004XJQQPBYQSMT39

Tax ID: 20-2097129

1 stars - Updated: 4/14/24 - out of 5 stars, based on 33 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Quontic Bank is a smaller bank specializing in Home Purchase loans. Quontic Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Miami, Philadelphia, Boston, and Houston among others. We have data for 161 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quontic Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Quontic Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high 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 the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 8.53% 4/14/24
30 Year Conventional Refi 8.29% 4/14/24
30 Year Cash-out Refi 8.65% 4/14/24
30 Year FHA Purchase 7.38% 4/14/24
30 Year FHA Refi 7.24% 4/14/24
30 Year VA Purchase 6.39% 4/14/24
30 Year USDA Purchase 6.27% 4/14/24
15 Year Conventional Purchase 8.30% 4/14/24
15 Year Conventional Refi 8.64% 4/14/24
15 Year Cash-out Refi 8.64% 4/14/24
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.

Quontic Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Quontic Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,116

Origination Dollar Volume (All Markets)

$478,500,000

Relative Rate

Quontic Bank's average 30 year fixed mortgage rate was 8.75%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 2.27%.

Relative Fees (Closing Costs)

Quontic Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $17,167.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 524 $259,720,000 $495,649 $19,825 8.48%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 59 $34,055,000 $577,203 $18,936 8.77%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 37 $12,665,000 $342,297 $14,294 9.04%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 18 $10,010,000 $556,111 $15,078 8.93%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 31 $8,365,000 $269,839 $12,276 9.17%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $6,440,000 $536,667 $23,195 9.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $6,435,000 $495,000 $18,689 9.17%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $6,350,000 $396,875 $15,323 9.33%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $5,980,000 $996,667 $29,387 9.21%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 32 $5,770,000 $180,313 $9,085 9.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $4,685,000 $520,556 $17,564 8.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 13 $4,165,000 $320,385 $17,107 9.20%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $4,110,000 $513,750 $14,528 8.59%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $3,760,000 $313,333 $12,076 9.26%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $3,550,000 $443,750 $15,250 8.36%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $3,490,000 $581,667 $18,232 9.44%
Outside of Metro Areas 17 $3,315,000 $195,000 $8,760 8.57%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $2,805,000 $311,667 $11,600 8.72%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,305,000 $329,286 $12,552 9.16%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $2,250,000 $281,250 $14,892 8.28%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $2,060,000 $343,333 $8,535 8.88%
Kalispell, MT (FHA|USDA|VA) 2 $2,060,000 $1,030,000 $27,707 8.88%
BINGHAMTON, NY (FHA|USDA|VA) 14 $2,020,000 $144,286 $9,012 9.13%
Heber, UT (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 8.75%
MODESTO, CA (FHA|USDA|VA) 6 $1,980,000 $330,000 $12,695 9.29%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,975,000 $395,000 $14,288 8.43%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,890,000 $472,500 $19,668 8.94%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,885,000 $628,333 $20,050 9.63%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $1,855,000 $265,000 $11,090 8.93%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,800,000 $450,000 $15,829 8.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,755,000 $585,000 $27,841 9.04%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,745,000 $581,667 $25,155 8.08%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,725,000 $345,000 $12,654 8.98%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,550,000 $258,333 $9,684 8.52%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,510,000 $377,500 $9,495 8.84%
KINGSTON, NY (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $56,901 10.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,460,000 $365,000 $14,480 9.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,435,000 $287,000 $8,554 9.08%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,395,000 $465,000 $9,484 9.46%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,360,000 $340,000 $17,069 9.31%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,355,000 $451,667 $11,950 9.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,335,000 $445,000 $10,537 8.21%
RICHMOND, VA (FHA|USDA|VA) 2 $1,320,000 $660,000 $14,414 8.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,315,000 $438,333 $18,635 9.38%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $1,295,000 $259,000 $11,251 9.35%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,065,000 $355,000 $11,876 9.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,050,000 $525,000 $16,641 9.13%
Calhoun, GA (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $35,337 9.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,020,000 $255,000 $0 9.09%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $1,020,000 $255,000 $12,222 8.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $1,000,000 $250,000 $7,962 8.16%
ROCHESTER, NY (FHA|USDA|VA) 3 $975,000 $325,000 $11,514 8.92%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $915,000 $305,000 $17,560 9.21%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $905,000 $905,000 $14,445 9.63%
SYRACUSE, NY (FHA|USDA|VA) 3 $895,000 $298,333 $11,783 9.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $820,000 $410,000 $13,006 8.81%
Glenwood Springs, CO (FHA|USDA|VA) 1 $795,000 $795,000 $23,094 9.00%
CHARLESTON, WV (FHA|USDA|VA) 2 $790,000 $395,000 $12,240 9.19%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $790,000 $395,000 $9,903 8.88%
BOISE CITY, ID (FHA|USDA|VA) 2 $700,000 $350,000 $13,095 8.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $685,000 $685,000 $24,283 9.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $665,000 $665,000 $16,560 9.38%
SALINAS, CA (FHA|USDA|VA) 1 $625,000 $625,000 $18,861 9.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $625,000 $625,000 $19,767 6.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $600,000 $300,000 $12,901 8.44%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $595,000 $198,333 $9,611 10.54%
Lebanon, NH-VT (FHA|USDA|VA) 2 $580,000 $290,000 $0 9.56%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $550,000 $275,000 $9,151 8.56%
ASHEVILLE, NC (FHA|USDA|VA) 1 $545,000 $545,000 $19,884 9.88%
BANGOR, ME (FHA|USDA|VA) 3 $545,000 $181,667 $0 8.71%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $540,000 $270,000 $5,989 9.00%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $535,000 $535,000 $21,110 7.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $535,000 $178,333 $8,087 9.08%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $530,000 $265,000 $0 9.19%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $525,000 $525,000 $14,466 8.25%
LAFAYETTE, LA (FHA|USDA|VA) 2 $520,000 $260,000 $0 8.56%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $520,000 $260,000 $10,962 8.50%
TULSA, OK (FHA|USDA|VA) 2 $520,000 $260,000 $9,259 7.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $520,000 $260,000 $13,636 8.19%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $505,000 $168,333 $7,463 8.83%
STOCKTON, CA (FHA|USDA|VA) 1 $485,000 $485,000 $17,126 9.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $485,000 $485,000 $16,036 10.25%
Hilo, HI (FHA|USDA|VA) 2 $480,000 $240,000 $13,112 8.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $475,000 $475,000 $13,685 9.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $470,000 $235,000 $15,159 8.88%
TUCSON, AZ (FHA|USDA|VA) 2 $470,000 $235,000 $10,953 8.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $460,000 $230,000 $8,081 8.94%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $445,000 $445,000 $0 8.63%
Torrington, CT (FHA|USDA|VA) 2 $440,000 $220,000 $11,580 10.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $425,000 $425,000 $12,491 9.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $410,000 $205,000 $7,744 9.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $405,000 $405,000 $12,379 6.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $400,000 $200,000 $4,912 9.19%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $395,000 $395,000 $11,110 10.88%
Sevierville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $12,699 9.25%
CHICO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $9,549 8.88%
COLUMBUS, OH (FHA|USDA|VA) 2 $370,000 $185,000 $8,941 8.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $365,000 $365,000 $0 9.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $355,000 $355,000 $20,335 9.88%
Jacksonville, TX (FHA|USDA|VA) 1 $355,000 $355,000 $10,515 9.50%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $335,000 $335,000 $11,735 8.63%
MUSKEGON, MI (FHA|USDA|VA) 1 $335,000 $335,000 $9,862 9.75%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $325,000 $325,000 $14,052 10.88%
Alma, MI (FHA|USDA|VA) 1 $325,000 $325,000 $0 9.63%
RENO, NV (FHA|USDA|VA) 1 $325,000 $325,000 $0 7.38%
Pontiac, IL (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.13%
Auburn, NY (FHA|USDA|VA) 1 $305,000 $305,000 $9,672 9.88%
FRESNO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 8.75%
FARGO, ND-MN (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.50%
READING, PA (FHA|USDA|VA) 1 $295,000 $295,000 $11,854 7.50%
JACKSON, MS (FHA|USDA|VA) 1 $295,000 $295,000 $0 8.25%
NEW BERN, NC (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $285,000 $285,000 $11,675 9.25%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $9,795 9.63%
Baraboo, WI (FHA|USDA|VA) 1 $275,000 $275,000 $9,302 9.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $9,223 8.25%
LANCASTER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $12,583 8.75%
COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $8,871 9.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $265,000 $265,000 $0 9.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $260,000 $130,000 $7,315 8.81%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $255,000 $255,000 $9,660 9.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $10,490 9.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $245,000 $245,000 $0 9.75%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $245,000 $245,000 $11,336 8.25%
ROCKFORD, IL (FHA|USDA|VA) 1 $245,000 $245,000 $12,940 11.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.88%
Española, NM (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.63%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $225,000 $225,000 $8,175 9.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $225,000 $225,000 $10,277 9.25%
Farmington, MO (FHA|USDA|VA) 2 $220,000 $110,000 $6,657 9.19%
Cedartown, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,560 9.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.50%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.75%
SAN ANGELO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.13%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.75%
Frankfort, KY (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.50%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $195,000 $195,000 $8,074 9.13%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.00%
ANN ARBOR, MI (FHA|USDA|VA) 1 $185,000 $185,000 $4,850 6.25%
ROCHESTER, MN (FHA|USDA|VA) 1 $185,000 $185,000 $7,299 9.38%
PITTSBURGH, PA (FHA|USDA|VA) 1 $185,000 $185,000 $8,251 8.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $175,000 $175,000 $6,862 9.38%
Houghton, MI (FHA|USDA|VA) 1 $175,000 $175,000 $6,368 8.88%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $165,000 $165,000 $6,611 7.88%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $165,000 $165,000 $7,704 8.75%
OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.38%
AKRON, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $8,064 9.25%
Clewiston, FL (FHA|USDA|VA) 1 $145,000 $145,000 $7,200 8.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $6,648 9.00%
Cortland, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $4,721 6.50%
MONROE, MI (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $6,470 9.50%
BRUNSWICK, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,817 6.88%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $105,000 $105,000 $5,521 7.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.00%
Quontic Bank's top markets include New York, Miami, Philadelphia, Boston, and Houston among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,066 $450,790,000 $422,880 $16,259 8.85%
    FHA 50 $27,710,000 $554,200 $29,738 6.57%

    For 2023, Quontic Bank's most frequently originated type of loan was Conventional, with 1,066 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 949 $402,785,000 $424,431 $17,045 8.70%
    Cash Out Refi 135 $64,055,000 $474,481 $17,969 9.06%
    Refi 32 $11,660,000 $364,375 $16,062 8.68%

    For 2023, Quontic Bank's most frequently cited loan purpose was Home Purchase, with 949 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,111 $476,955,000 $429,302 $17,167 8.75%
    15 Year 3 $965,000 $321,667 $12,042 7.50%
    20 Year 2 $580,000 $290,000 $3,748 6.69%

    For 2023, Quontic Bank's most frequently cited loan duration was 30 Year, with 1,111 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 814 $392,370,000 $482,027
    $4k-5k 51 $9,235,000 $181,078
    $3k-4k 21 $3,455,000 $164,524
    $2k-3k 6 $1,250,000 $208,333
    $1k-2k 4 $680,000 $170,000
    $<1k 1 $695,000 $695,000

    Quontic Bank's average total fees were $17,167, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 814 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 871 $365,475,000 $419,604
    6-7% 121 $61,205,000 $505,826
    7-8% 92 $39,000,000 $423,913
    5-6% 21 $8,575,000 $408,333
    4-5% 1 $235,000 $235,000

    During 2023, Quontic Bank's average interest rate for loans was 8.75%, while their most frequently originated rate bucket for loans was Over 8%, with 871 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 412 $120,180,000 $291,699 $12,563 8.84%
    $400k-600k 302 $148,540,000 $491,854 $19,095 8.37%
    $100k-200k 189 $29,205,000 $154,524 $8,027 9.01%
    $600k-1MM 160 $116,470,000 $727,938 $23,710 8.80%
    $1MM+ 42 $63,090,000 $1,502,143 $43,183 8.96%
    $100,000 or less 11 $1,015,000 $92,273 $5,937 9.21%

    2023 saw Quontic Bank place emphasis on $200k-400k loans with 412 originations, totaling $120,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 297 $141,445,000 $476,246 $17,978 8.79%
    $100k-150k 287 $106,955,000 $372,666 $16,309 8.42%
    $250k+ 188 $143,890,000 $765,372 $24,512 9.15%
    $75k-100k 131 $31,975,000 $244,084 $11,202 8.68%
    $50k-75k 65 $12,245,000 $188,385 $9,337 8.65%
    $50k or less 13 $2,565,000 $197,308 $8,925 8.52%

    Quontic Bank lent most frequently to those with incomes in the $150k-250k range, with 297 originations. The second most popular income band? $100k-150k, with 287 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 160 $75,090,000 $469,313 $17,289 8.92%
    20-30% 126 $43,650,000 $346,429 $14,626 8.96%
    <20% 64 $23,850,000 $372,656 $14,756 9.05%
    39% 56 $26,150,000 $466,964 $16,920 8.88%
    49% 55 $23,465,000 $426,636 $17,150 8.21%
    42% 51 $25,495,000 $499,902 $16,551 8.82%
    38% 50 $30,010,000 $600,200 $18,688 8.86%
    41% 50 $25,700,000 $514,000 $17,649 8.89%
    48% 50 $20,170,000 $403,400 $16,169 8.34%
    40% 48 $22,130,000 $461,042 $16,789 8.82%
    47% 38 $16,620,000 $437,368 $16,287 8.38%
    36% 38 $15,380,000 $404,737 $14,608 8.87%
    37% 35 $15,455,000 $441,571 $17,078 9.11%
    45% 34 $16,790,000 $493,824 $17,765 8.49%
    50-60% 31 $16,275,000 $525,000 $28,265 6.46%
    46% 30 $15,200,000 $506,667 $18,618 8.47%
    44% 30 $13,450,000 $448,333 $18,461 9.11%
    43% 25 $10,415,000 $416,600 $16,449 8.67%

    Quontic Bank lent most frequently to those with DTI ratios of 30-36%, with 160 originations. The next most common DTI ratio? 20-30%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 539 $234,485,000 $435,037 $17,810 8.73%
    Asian 365 $150,105,000 $411,247 $15,259 8.74%
    Not provided 123 $53,825,000 $437,602 $17,680 9.05%
    Black 72 $34,140,000 $474,167 $20,038 8.21%
    Not applicable 9 $3,465,000 $385,000 $0 9.18%
    American Indian 4 $1,680,000 $420,000 $15,387 8.75%
    Native Hawaiian or Islander 4 $800,000 $200,000 $14,655 9.22%

    Approval Rates

    Total approvals of all applications
    89.71%

    Quontic Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.59%

    Quontic Bank 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
    11764.38 1 $215,000 $215,000
    12752.5 1 $195,000 $195,000
    13535.56 1 $125,000 $125,000
    14135.0 1 $255,000 $255,000
    14140.0 1 $215,000 $215,000
    15954.07 1 $285,000 $285,000
    16202.5 1 $255,000 $255,000
    16919.6 1 $205,000 $205,000
    19875.0 1 $455,000 $455,000
    23991.04 1 $275,000 $275,000
    24130.84 1 $275,000 $275,000
    32939.48 1 $615,000 $615,000
    49200.84 1 $895,000 $895,000
    9561.13 1 $115,000 $115,000
    NA 1,102 $474,120,000 $430,236

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,116 $478,500,000 $428,763

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $13,570,000 $308,409 $12,542 8.67%
    40-60% 122 $40,790,000 $334,344 $14,015 8.38%
    60-80% 774 $333,690,000 $431,124 $16,517 8.99%
    80-100% 170 $86,200,000 $507,059 $21,016 7.87%
    Under 20% 6 $4,250,000 $708,333 $23,278 9.17%