Quaint Oak Mortgage Rates, Fees & Info

Allentown, PA

LEI: 549300GMP8EYQD4U6Z40

Tax ID: 38-3799175

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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 a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Allentown, East Stroudsburg, Reading, and New York among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quaint Oak Mortgage has an average approval rate when compared to the average across all lenders. They have an 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% 3/28/24
30 Year Conventional Refi 6.56% 3/28/24
30 Year Cash-out Refi 6.79% 3/28/24
30 Year FHA Purchase 7.49% 3/28/24
30 Year VA Purchase 6.35% 3/28/24
30 Year USDA Purchase 6.88% 3/28/24
15 Year Conventional Purchase 5.77% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
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

553

Origination Dollar Volume (All Markets)

$96,505,000

Awards

Quaint Oak Mortgage FHA Loans silver
Show all (1) awards

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) 212 $40,890,000 $192,877 $5,495 4.64%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 244 $38,810,000 $159,057 $5,566 4.89%
EAST STROUDSBURG, PA (FHA|USDA|VA) 48 $7,890,000 $164,375 $5,488 4.88%
READING, PA (FHA|USDA|VA) 18 $3,010,000 $167,222 $5,787 5.02%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $1,465,000 $162,778 $5,190 4.89%
STATE COLLEGE, PA (FHA|USDA|VA) 5 $995,000 $199,000 $4,480 5.83%
LANCASTER, PA (FHA|USDA|VA) 4 $750,000 $187,500 $7,515 4.81%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.88%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $455,000 $455,000 $3,596 3.63%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $280,000 $140,000 $6,225 4.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,764 5.50%
LEBANON, PA (FHA|USDA|VA) 1 $215,000 $215,000 $7,247 4.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,184 4.63%
Key West, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,296 4.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,430 4.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $145,000 $145,000 $4,531 5.00%
Pottsville, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,150 5.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $4,370 4.63%
Quaint Oak Mortgage's top markets include Philadelphia, Allentown, East Stroudsburg, Reading, and New York among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Georgia (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.

    The Neffs National Bank
    Similarity Rank: 30
    Iron Workers Savings Bank
    Similarity Rank: 63
    Haddon Savings Bank
    Similarity Rank: 116
    Columbia Bank
    Similarity Rank: 136
    WASHINGTON SAVINGS BANK
    Similarity Rank: 225
    COMMUNITY POWERED
    Similarity Rank: 228
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 308

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 276 $52,490,000 $190,181 $4,496 4.87%
    FHA 252 $39,280,000 $155,873 $6,480 4.73%
    USDA 13 $2,225,000 $171,154 $5,459 4.80%
    VA 12 $2,510,000 $209,167 $8,714 4.56%

    For 2018, Quaint Oak Mortgage's most frequently originated type of loan was Conventional, with 276 originations. Their 2nd most popular type was FHA, with 252 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 510 $86,410,000 $169,431 $5,540 4.80%
    Refi 26 $5,310,000 $204,231 $5,342 4.89%
    Cash Out Refi 16 $4,690,000 $293,125 $5,448 4.78%
    Other 1 $95,000 $95,000 $3,017 5.25%

    For 2018, Quaint Oak Mortgage's most frequently cited loan purpose was Home Purchase, with 510 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 543 $95,045,000 $175,037 $5,548 4.81%
    15 Year 8 $940,000 $117,500 $3,824 4.48%
    20 Year 2 $520,000 $260,000 $5,709 4.56%

    For 2018, Quaint Oak Mortgage's most frequently cited loan duration was 30 Year, with 543 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 352 $59,620,000 $169,375
    $<1k 137 $22,345,000 $163,102
    $2k-3k 41 $8,355,000 $203,780
    $3k-4k 12 $2,680,000 $223,333
    $4k-5k 6 $1,960,000 $326,667
    $5k+ 5 $1,545,000 $309,000

    Quaint Oak Mortgage's average total fees were $5,548, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 352 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 377 $66,795,000 $177,175
    5-6% 128 $20,100,000 $157,031
    3-4% 40 $8,560,000 $214,000
    6-7% 8 $1,050,000 $131,250

    During 2018, Quaint Oak Mortgage's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 377 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 329 $47,875,000 $145,517 $5,241 4.83%
    $200k-400k 142 $36,780,000 $259,014 $6,842 4.75%
    $100,000 or less 68 $5,440,000 $80,000 $3,927 4.86%
    $400k-600k 13 $5,655,000 $435,000 $6,016 4.44%
    $600k-1MM 1 $755,000 $755,000 $10,217 3.88%

    2018 saw Quaint Oak Mortgage place emphasis on $100k-200k loans with 329 originations, totaling $47,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 215 $27,175,000 $126,395 $5,033 4.75%
    $50k-75k 161 $27,175,000 $168,789 $5,523 4.84%
    $75k-100k 79 $16,495,000 $208,797 $6,190 4.80%
    $100k-150k 57 $13,815,000 $242,368 $6,117 4.93%
    $150k-250k 33 $8,955,000 $271,364 $6,058 4.75%
    $250k+ 8 $2,890,000 $361,250 $4,946 4.58%

    Quaint Oak Mortgage lent most frequently to those with incomes in the $50k or less range, with 215 originations. The second most popular income band? $50k-75k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 90 $15,710,000 $174,556 $5,525 4.80%
    20-30% 77 $12,855,000 $166,948 $4,894 4.70%
    50-60% 47 $8,355,000 $177,766 $6,988 4.80%
    43% 35 $6,125,000 $175,000 $5,049 4.74%
    39% 32 $5,050,000 $157,813 $4,758 4.91%
    44% 31 $5,195,000 $167,581 $5,799 4.81%
    38% 25 $5,145,000 $205,800 $6,287 4.75%
    41% 24 $3,930,000 $163,750 $5,144 4.98%
    40% 24 $4,090,000 $170,417 $5,476 4.80%
    47% 24 $3,750,000 $156,250 $5,309 4.80%
    48% 23 $3,775,000 $164,130 $5,093 4.70%
    45% 23 $3,965,000 $172,391 $5,088 5.01%
    37% 23 $4,335,000 $188,478 $5,694 4.77%
    36% 20 $3,600,000 $180,000 $5,569 4.77%
    42% 18 $2,860,000 $158,889 $5,473 4.85%
    46% 16 $2,720,000 $170,000 $6,294 4.79%
    49% 13 $3,275,000 $251,923 $6,215 4.87%
    <20% 7 $1,435,000 $205,000 $4,999 5.00%
    >60% 1 $335,000 $335,000 $4,111 4.00%

    Quaint Oak Mortgage lent most frequently to those with DTI ratios of 30-36%, with 90 originations. The next most common DTI ratio? 20-30%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 460 $82,040,000 $178,348 $5,528 4.80%
    Black 50 $7,110,000 $142,200 $5,401 4.79%
    Asian 14 $2,740,000 $195,714 $4,514 4.67%
    Not provided 13 $2,185,000 $168,077 $6,675 4.88%
    Other Pacific Islander 14 $2,040,000 $145,714 $5,486 4.85%
    Native Hawaiian or Islander 1 $275,000 $275,000 $9,272 4.75%
    Asian Indian 1 $115,000 $115,000 $3,323 5.63%

    Approval Rates

    Total approvals of all applications
    82.52%

    Quaint Oak Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.14%

    Quaint Oak Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 553 $96,505,000 $174,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 552 $96,400,000 $174,638

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $555,000 $185,000 $3,852 4.25%
    40-60% 8 $1,900,000 $237,500 $4,292 4.44%
    60-80% 88 $17,090,000 $194,205 $4,268 5.01%
    80-100% 448 $75,710,000 $168,996 $5,748 4.77%
    Over 100% 6 $1,250,000 $208,333 $10,179 4.67%