Quontic Bank Mortgage Rates, Fees & Info
New York, NYLEI: 2549004XJQQPBYQSMT39
Tax ID: 20-2097129
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Mortgage Data
Review & Overview
Quontic Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Quontic Bank 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, Miami, Dallas, Los Angeles, and Philadelphia among others. We have data for 162 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 | 8.94% | 4/5/25 |
| 30 Year Conventional Refi | 8.65% | 4/5/25 |
| 30 Year Cash-out Refi | 10.28% | 4/5/25 |
| 30 Year FHA Purchase | 7.29% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 8.64% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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
1,298Origination Dollar Volume (All Markets)
$575,490,000Relative Rate
Quontic Bank's average 30 year fixed mortgage rate was
8.65%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 2.1%.
Relative Fees (Closing Costs)
Quontic Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $15,788.
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 $8,356.
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) | 564 | $285,890,000 | $506,897 | $18,195 | 8.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 71 | $37,685,000 | $530,775 | $17,581 | 8.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 39 | $16,295,000 | $417,821 | $14,356 | 8.79% |
| Outside of Metro Areas | 44 | $16,100,000 | $365,909 | $12,852 | 8.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 28 | $11,930,000 | $426,071 | $14,336 | 9.82% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 34 | $10,850,000 | $319,118 | $13,341 | 8.80% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 17 | $8,495,000 | $499,706 | $13,573 | 9.37% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $6,425,000 | $713,889 | $19,346 | 10.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 18 | $6,350,000 | $352,778 | $12,010 | 9.10% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 24 | $6,130,000 | $255,417 | $10,820 | 8.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $5,705,000 | $438,846 | $15,442 | 9.33% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 16 | $5,680,000 | $355,000 | $13,603 | 9.09% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $5,670,000 | $354,375 | $13,352 | 8.77% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 12 | $5,000,000 | $416,667 | $14,332 | 8.34% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $4,700,000 | $470,000 | $14,296 | 9.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 13 | $4,535,000 | $348,846 | $12,674 | 9.26% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $4,470,000 | $372,500 | $14,244 | 9.73% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $4,235,000 | $605,000 | $17,476 | 8.43% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $3,950,000 | $395,000 | $14,929 | 8.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $3,950,000 | $493,750 | $11,277 | 9.14% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $3,940,000 | $492,500 | $17,195 | 8.33% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 9 | $3,885,000 | $431,667 | $16,377 | 8.79% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 17 | $3,725,000 | $219,118 | $9,610 | 8.20% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $3,670,000 | $367,000 | $12,785 | 9.03% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $3,220,000 | $805,000 | $21,682 | 8.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $3,155,000 | $450,714 | $12,632 | 9.16% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $3,150,000 | $787,500 | $18,848 | 9.13% |
| NAPA, CA (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $101,657 | 8.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $2,795,000 | $931,667 | $27,056 | 8.21% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $2,690,000 | $336,250 | $13,110 | 9.89% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $13,700 | 8.44% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $2,240,000 | $560,000 | $13,767 | 9.66% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $9,907 | 8.42% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $10,828 | 8.77% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $14,966 | 8.53% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $24,149 | 7.88% |
| ROCHESTER, NY (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $10,058 | 8.45% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $11,214 | 8.31% |
| BINGHAMTON, NY (FHA|USDA|VA) | 9 | $1,585,000 | $176,111 | $9,167 | 8.35% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $14,553 | 9.84% |
| RENO, NV (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $17,856 | 8.94% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $14,102 | 9.08% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $14,700 | 8.44% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $22,056 | 7.88% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $56,097 | 8.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $13,962 | 8.81% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $12,242 | 9.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 8.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $12,415 | 8.90% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $9,482 | 9.78% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $16,656 | 7.84% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $10,908 | 8.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $12,843 | 8.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $26,635 | 8.88% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $14,788 | 8.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $12,234 | 8.46% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $17,013 | 9.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $13,535 | 8.04% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $22,385 | 8.69% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $35,786 | 8.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $9,085 | 8.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $10,201 | 9.41% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $7,883 | 8.53% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $9,112 | 9.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $11,752 | 8.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $18,249 | 10.44% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $18,765 | 8.69% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $26,353 | 8.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $10,209 | 8.67% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $13,335 | 8.31% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $9,746 | 8.75% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $21,275 | 8.38% |
| CHICO, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $11,484 | 8.69% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $11,565 | 9.13% |
| Brenham, TX (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $30,292 | 8.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $20,278 | 7.63% |
| Hudson, NY (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $28,510 | 8.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $15,413 | 8.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $9,816 | 7.83% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $7,590 | 8.16% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,846 | 8.46% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $10,098 | 8.06% |
| Granbury, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $32,758 | 8.63% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $17,691 | 9.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $9,148 | 8.71% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,690 | 8.44% |
| Laconia, NH (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $15,476 | 9.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 7.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $11,368 | 9.06% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $15,469 | 8.75% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $15,810 | 8.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 8.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,223 | 8.06% |
| Key West, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $14,891 | 8.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $13,146 | 8.44% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $12,034 | 9.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $19,749 | 8.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $15,021 | 9.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $14,363 | 9.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $12,244 | 8.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $12,526 | 8.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,980 | 8.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,261 | 8.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $14,664 | 8.50% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,684 | 8.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,626 | 8.06% |
| North Platte, NE (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $13,125 | 9.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,283 | 8.00% |
| Hilo, HI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,836 | 9.06% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,282 | 9.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $23,066 | 7.88% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $19,084 | 8.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,825 | 10.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 8.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,686 | 9.13% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,811 | 7.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,435 | 10.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,416 | 8.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,807 | 8.38% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,498 | 7.75% |
| Pierre, SD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,670 | 10.38% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,368 | 8.13% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,064 | 8.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,669 | 7.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,473 | 7.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,884 | 10.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,850 | 7.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,551 | 9.13% |
| Parsons, KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,985 | 8.25% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,816 | 8.13% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,487 | 8.63% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,844 | 7.88% |
| Newport, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,737 | 9.13% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,055 | 9.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,998 | 11.50% |
| Alma, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,419 | 8.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,902 | 8.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,282 | 9.00% |
| Roswell, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,619 | 8.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,922 | 8.38% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,535 | 7.75% |
| Ottumwa, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,655 | 9.50% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,169 | 8.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,902 | 8.38% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,347 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,186 | 6.13% |
| Jackson, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,816 | 6.50% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,620 | 9.13% |
| REDDING, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,273 | 9.88% |
| READING, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,806 | 9.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,106 | 8.63% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,431 | 8.75% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,015 | 9.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,406 | 10.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,112 | 12.50% |
| Batavia, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,987 | 8.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,081 | 7.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,896 | 8.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,045 | 9.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Quontic Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,254 | $550,020,000 | $438,612 | $15,202 | 8.75% |
| FHA | 44 | $25,470,000 | $578,864 | $29,055 | 6.27% |
For 2024, Quontic Bank's most frequently originated type of loan was Conventional, with 1,254 originations. Their 2nd most popular type was FHA, with 44 originations.
Loan Reason
For 2024, Quontic Bank's most frequently cited loan purpose was Home Purchase, with 916 originations. The 2nd most popular reason was Cash Out Refi, with 336 originations.
Loan Duration/Length
For 2024, Quontic Bank's most frequently cited loan duration was 30 Year, with 1,284 originations. The 2nd most popular length was 15 Year, with 13 originations.
Origination Fees/Closing Costs
Quontic Bank's average total fees were $15,788, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,013 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 904 | $385,150,000 | $426,051 |
| 7-8% | 250 | $109,060,000 | $436,240 |
| 6-7% | 124 | $70,420,000 | $567,903 |
| 5-6% | 20 | $10,860,000 | $543,000 |
During 2024, Quontic Bank's average interest rate for loans was 8.65%, while their most frequently originated rate bucket for loans was Over 8%, with 904 originations.
Loan Sizing
2024 saw Quontic Bank place emphasis on $200k-400k loans with 511 originations, totaling $150,455,000 in origination value.
Applicant Income
Quontic Bank lent most frequently to those with incomes in the $150k-250k range, with 399 originations. The second most popular income band? $100k-150k, with 346 originations.
Applicant Debt to Income Ratio
Quontic Bank lent most frequently to those with DTI ratios of 30-36%, with 189 originations. The next most common DTI ratio? 20-30%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.93%
Quontic Bank has an average approval rate.
Pick Rate
Approvals leading to origination51.39%
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 |
|---|---|---|---|
| NA | 1,298 | $575,490,000 | $443,367 |