Quantum Credit Union Mortgage Rates, Fees & Info
Wichita, KSLEI: 549300HQPLN40YTRSL84
Tax ID: 48-0446490
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Quantum Credit Union is a smaller credit union specializing in Cash Out Refi loans. Quantum Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Emporia, Dodge City, Hutchinson, and Ottawa among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Quantum Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
62Origination Dollar Volume (All Markets)
$5,190,000Top 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) | 44 | $3,690,000 | $83,864 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $965,000 | $87,727 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Dodge City, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $5,190,000 | $83,710 | $0 | 0.00% |
For 2020, Quantum Credit Union's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2020, Quantum Credit Union's most frequently cited loan purpose was Cash Out Refi, with 28 originations. The 2nd most popular reason was Home Improvement, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $5,190,000 | $83,710 | $0 | 0.00% |
For 2020, Quantum Credit Union's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2020 saw Quantum Credit Union place emphasis on $100,000 or less loans with 46 originations, totaling $2,460,000 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
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $5,190,000 | $83,710 | $0 | 0.00% |
Quantum Credit Union lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.71%
Quantum Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.77%
Quantum Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $5,190,000 | $83,710 |