Quaint Oak Mortgage Rates, Fees & Info

Allentown, PA

LEI: 549300GMP8EYQD4U6Z40

Tax ID: 38-3799175

3.3 stars - Updated: 2/25/24 - out of 5 stars, based on 22 reviews

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

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Mortgage Data

Review & Overview

Quaint Oak Mortgage is a smaller mortgage company specializing in Home Purchase loans. Quaint Oak Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Allentown, Ocean City, New York, and Atlantic City among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quaint Oak Mortgage 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. Quaint Oak Mortgage is typically an average 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 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 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 6.86% 2/25/24
30 Year Conventional Refi 6.56% 2/25/24
30 Year Cash-out Refi 6.79% 2/25/24
30 Year FHA Purchase 7.49% 2/25/24
30 Year VA Purchase 6.35% 2/25/24
30 Year USDA Purchase 6.88% 2/25/24
15 Year Conventional Purchase 5.77% 2/25/24
15 Year Conventional Refi 5.68% 2/25/24
15 Year Cash-out Refi 5.68% 2/25/24
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.

Quaint Oak Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Quaint Oak Mortgage. 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

465

Origination Dollar Volume (All Markets)

$113,615,000

Awards

Quaint Oak Mortgage 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Quaint Oak Mortgage's average 30 year fixed mortgage rate was 5.02%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.26%.

Relative Fees (Closing Costs)

Quaint Oak Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $7,464.

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 $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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 305 $76,905,000 $252,148 $7,428 5.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 115 $24,435,000 $212,478 $7,037 5.05%
OCEAN CITY, NJ (FHA|USDA|VA) 6 $2,940,000 $490,000 $8,853 4.51%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,615,000 $373,571 $11,216 4.91%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 7 $1,615,000 $230,714 $4,683 4.43%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $755,000 $251,667 $15,494 5.08%
READING, PA (FHA|USDA|VA) 5 $715,000 $143,000 $6,911 4.74%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $525,000 $525,000 $8,806 5.50%
LANCASTER, PA (FHA|USDA|VA) 2 $440,000 $220,000 $7,269 5.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $370,000 $185,000 $7,645 4.19%
Sayre, PA (FHA|USDA|VA) 1 $345,000 $345,000 $13,529 4.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $270,000 $135,000 $4,837 5.31%
OCALA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,583 3.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $9,852 5.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $225,000 $225,000 $6,551 3.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $11,033 6.63%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $205,000 $205,000 $5,031 3.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $185,000 $185,000 $5,544 6.13%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $9,595 6.63%
LEBANON, PA (FHA|USDA|VA) 1 $105,000 $105,000 $5,007 7.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $95,000 $95,000 $6,767 6.63%
Quaint Oak Mortgage's top markets include Philadelphia, Allentown, Ocean City, New York, and Atlantic City among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Quaint Oak Mortgage 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 314 $79,390,000 $252,834 $6,260 4.95%
    FHA 142 $32,010,000 $225,423 $10,351 5.11%
    VA 8 $1,900,000 $237,500 $8,181 5.67%
    USDA 1 $315,000 $315,000 $8,997 3.25%

    For 2022, Quaint Oak Mortgage's most frequently originated type of loan was Conventional, with 314 originations. Their 2nd most popular type was FHA, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 427 $104,875,000 $245,609 $7,674 5.08%
    Cash Out Refi 22 $4,760,000 $216,364 $5,103 4.15%
    Refi 7 $2,635,000 $376,429 $5,245 3.89%
    Other 5 $635,000 $127,000 $4,856 4.60%
    Home Improvement 4 $710,000 $177,500 $7,252 4.41%

    For 2022, Quaint Oak Mortgage's most frequently cited loan purpose was Home Purchase, with 427 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 455 $111,215,000 $244,429 $7,464 5.02%
    15 Year 6 $1,150,000 $191,667 $5,665 4.56%
    20 Year 2 $290,000 $145,000 $5,114 4.94%
    10 Year 1 $635,000 $635,000 $5,919 2.75%
    Other 1 $325,000 $325,000 $7,508 3.38%

    For 2022, Quaint Oak Mortgage's most frequently cited loan duration was 30 Year, with 455 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 263 $61,635,000 $234,354
    $2k-3k 70 $15,600,000 $222,857
    $5k+ 55 $18,195,000 $330,818
    $3k-4k 42 $10,190,000 $242,619
    $4k-5k 32 $7,560,000 $236,250
    $<1k 1 $165,000 $165,000

    Quaint Oak Mortgage's average total fees were $7,464, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 263 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 176 $43,320,000 $246,136
    3-4% 114 $29,530,000 $259,035
    4-5% 87 $20,685,000 $237,759
    6-7% 67 $14,075,000 $210,075
    7-8% 11 $2,425,000 $220,455
    2.5-3% 10 $3,580,000 $358,000

    During 2022, Quaint Oak Mortgage's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 5-6%, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 246 $67,860,000 $275,854 $8,047 4.94%
    $100k-200k 172 $27,750,000 $161,337 $6,088 5.10%
    $400k-600k 23 $10,485,000 $455,870 $9,231 5.05%
    $100,000 or less 16 $1,280,000 $80,000 $4,636 5.31%
    $600k-1MM 6 $3,910,000 $651,667 $11,241 4.31%
    $1MM+ 2 $2,330,000 $1,165,000 $18,423 4.23%

    2022 saw Quaint Oak Mortgage place emphasis on $200k-400k loans with 246 originations, totaling $67,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 169 $37,505,000 $221,923 $6,969 5.17%
    $50k or less 111 $18,005,000 $162,207 $6,339 4.91%
    $75k-100k 81 $21,675,000 $267,593 $7,976 4.92%
    $100k-150k 61 $18,225,000 $298,770 $7,728 5.12%
    $150k-250k 32 $11,370,000 $355,313 $8,506 4.67%
    $250k+ 11 $6,835,000 $621,364 $10,188 4.34%

    Quaint Oak Mortgage lent most frequently to those with incomes in the $50k-75k range, with 169 originations. The second most popular income band? $50k or less, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 70 $15,960,000 $228,000 $6,841 4.85%
    20-30% 44 $12,330,000 $280,227 $6,748 4.54%
    43% 32 $7,050,000 $220,313 $9,019 5.30%
    44% 29 $6,705,000 $231,207 $6,796 5.16%
    48% 28 $6,150,000 $219,643 $7,691 5.33%
    39% 26 $6,970,000 $268,077 $7,393 5.00%
    42% 25 $5,595,000 $223,800 $9,234 5.19%
    45% 23 $5,955,000 $258,913 $9,493 5.20%
    40% 23 $5,825,000 $253,261 $6,126 4.67%
    50-60% 21 $4,995,000 $237,857 $9,714 4.62%
    36% 21 $7,045,000 $335,476 $10,537 5.29%
    37% 21 $5,455,000 $259,762 $7,285 5.17%
    41% 21 $4,655,000 $221,667 $6,857 4.98%
    46% 19 $5,275,000 $277,632 $7,746 4.88%
    47% 19 $4,315,000 $227,105 $6,431 5.53%
    <20% 18 $3,620,000 $201,111 $5,094 4.96%
    38% 13 $3,145,000 $241,923 $5,763 5.05%
    49% 12 $2,570,000 $214,167 $5,762 4.96%

    Quaint Oak Mortgage lent most frequently to those with DTI ratios of 30-36%, with 70 originations. The next most common DTI ratio? 20-30%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 325 $82,105,000 $252,631 $7,332 5.00%
    Black 98 $20,820,000 $212,449 $7,772 5.14%
    Not provided 28 $6,460,000 $230,714 $6,484 4.68%
    Asian 10 $3,570,000 $357,000 $9,801 4.95%
    Other Pacific Islander 2 $320,000 $160,000 $0 4.81%
    Native Hawaiian or Islander 1 $225,000 $225,000 $0 3.95%
    Other Asian 1 $115,000 $115,000 $4,506 4.50%

    Approval Rates

    Total approvals of all applications
    94.31%

    Quaint Oak Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.01%

    Quaint Oak Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 465 $113,615,000 $244,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    465 $113,615,000 $244,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $420,000 $105,000 $4,706 5.56%
    40-60% 12 $3,160,000 $263,333 $5,440 4.42%
    60-80% 97 $25,865,000 $266,649 $7,012 4.81%
    80-100% 351 $83,815,000 $238,789 $7,745 5.07%
    Over 100% 1 $355,000 $355,000 $0 5.75%