Quantum Credit Union Mortgage Rates, Fees & Info
Wichita, KSLEI: 549300HQPLN40YTRSL84
Tax ID: 48-0446490
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Mortgage Data
Review & Overview
Quantum Credit Union is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Quantum Credit Union has a high proportion of conventional loans. Their top two markets are Wichita and Topeka .Quantum Credit Union 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.
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Originations
51Origination Dollar Volume (All Markets)
$3,725,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 42 | $2,560,000 | $60,952 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,100,000 | $137,500 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $3,725,000 | $73,039 | $0 | 0.00% |
For 2018, Quantum Credit Union's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2018, Quantum Credit Union's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
For 2018, Quantum Credit Union's most frequently cited loan duration was Other, with 42 originations. The 2nd most popular length was 30 Year, with 5 originations.
Loan Sizing
2018 saw Quantum Credit Union place emphasis on $100,000 or less loans with 40 originations, totaling $1,790,000 in origination value.
Applicant Income
Quantum Credit Union lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
Quantum Credit Union lent most frequently to those with DTI ratios of Exempt%, with 42 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 48 | $3,590,000 | $74,792 | $0 | 0.00% |
| Black | 2 | $70,000 | $35,000 | $0 | 0.00% |
| Asian | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.43%
Quantum Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.24%
Quantum Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $3,725,000 | $73,039 |