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, Home Improvement, and Home Purchase loans. Quantum Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Mcpherson, Kansas City, and Emporia among others. We have data for 5 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
72Origination Dollar Volume (All Markets)
$6,580,000Top 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) | 63 | $5,845,000 | $92,778 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $350,000 | $87,500 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $6,580,000 | $91,389 | $0 | 0.00% |
For 2022, Quantum Credit Union's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2022, Quantum Credit Union's most frequently cited loan purpose was Cash Out Refi, with 23 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 | 72 | $6,580,000 | $91,389 | $0 | 0.00% |
For 2022, Quantum Credit Union's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2022 saw Quantum Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,270,000 in origination value.
Applicant Income
Quantum Credit Union lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $6,580,000 | $91,389 | $0 | 0.00% |
Quantum Credit Union lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.72%
Quantum Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.06%
Quantum Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $6,580,000 | $91,389 |