Quaint Oak Mortgage Rates, Fees & Info
Allentown, PALEI: 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 and Refi 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, Atlantic City, East Stroudsburg, and Reading among others. We have data for 20 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.86% | 4/21/24 |
| 30 Year Conventional Refi | 6.56% | 4/21/24 |
| 30 Year Cash-out Refi | 6.79% | 4/21/24 |
| 30 Year FHA Purchase | 7.49% | 4/21/24 |
| 30 Year VA Purchase | 6.35% | 4/21/24 |
| 30 Year USDA Purchase | 6.88% | 4/21/24 |
| 15 Year Conventional Purchase | 5.77% | 4/21/24 |
| 15 Year Conventional Refi | 5.68% | 4/21/24 |
| 15 Year Cash-out Refi | 5.68% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,021Origination Dollar Volume (All Markets)
$212,835,000Awards
Quaint Oak Mortgage - 2020
Quaint Oak Mortgage is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 450 | $106,660,000 | $237,022 | $5,358 | 3.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 496 | $88,520,000 | $178,468 | $5,346 | 3.11% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 12 | $3,700,000 | $308,333 | $3,876 | 2.81% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 19 | $3,595,000 | $189,211 | $5,092 | 3.53% |
| READING, PA (FHA|USDA|VA) | 10 | $2,400,000 | $240,000 | $5,309 | 3.46% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $5,230 | 3.26% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,743 | 3.30% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,050 | 2.54% |
| Pottsville, PA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,459 | 2.86% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,345 | 3.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,822 | 3.58% |
| Outside of Metro Areas | 1 | $485,000 | $485,000 | $6,883 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,647 | 3.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,811 | 3.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,491 | 3.19% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,012 | 2.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,746 | 2.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,135 | 5.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,747 | 4.25% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,927 | 3.50% |
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
For 2020, Quaint Oak Mortgage's most frequently originated type of loan was Conventional, with 606 originations. Their 2nd most popular type was FHA, with 382 originations.
Loan Reason
For 2020, Quaint Oak Mortgage's most frequently cited loan purpose was Home Purchase, with 759 originations. The 2nd most popular reason was Refi, with 193 originations.
Loan Duration/Length
For 2020, Quaint Oak Mortgage's most frequently cited loan duration was 30 Year, with 902 originations. The 2nd most popular length was 15 Year, with 69 originations.
Origination Fees/Closing Costs
Quaint Oak Mortgage's average total fees were $5,534, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 865 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 455 | $97,105,000 | $213,418 |
| 3-4% | 373 | $74,425,000 | $199,531 |
| <2.5% | 152 | $34,620,000 | $227,763 |
| 4-5% | 30 | $5,050,000 | $168,333 |
| 5-6% | 11 | $1,635,000 | $148,636 |
During 2020, Quaint Oak Mortgage's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 455 originations.
Loan Sizing
2020 saw Quaint Oak Mortgage place emphasis on $100k-200k loans with 502 originations, totaling $76,800,000 in origination value.
Applicant Income
Quaint Oak Mortgage lent most frequently to those with incomes in the $50k or less range, with 340 originations. The second most popular income band? $50k-75k, with 292 originations.
Applicant Debt to Income Ratio
Quaint Oak Mortgage lent most frequently to those with DTI ratios of 30-36%, with 214 originations. The next most common DTI ratio? 20-30%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.17%
Quaint Oak Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination80.12%
Quaint Oak Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,021 | $212,835,000 | $208,457 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,021 | $212,835,000 | $208,457 |