Quorum Federal Credit Union Mortgage Rates, Fees & Info

Harrison, NY

LEI: 549300Q50XCC0473FG63

Tax ID: 13-1517541

1 stars - out of 5 stars, based on 65 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Quorum Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Quorum Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Los Angeles, New York, San Francisco, Denver, and Miami among others. We have data for 258 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Quorum Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Quorum Federal Credit Union 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 relatively high 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
    Home Equity Line of Credit (HELOC) 6.27% 1/29/23
    30 Year Conventional Purchase 6.67% 1/29/23
    30 Year Conventional Refi 6.37% 1/29/23
    30 Year Cash-out Refi 6.66% 1/29/23
    15 Year Conventional Purchase 5.80% 1/29/23
    15 Year Conventional Refi 5.70% 1/29/23
    15 Year Cash-out Refi 5.70% 1/29/23
    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.


    Originations

    4,190

    Origination Dollar Volume (All Markets)

    $649,550,000

    Awards

    QUORUM FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Quorum Federal Credit Union's average 30 year fixed mortgage rate was 5.77%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 2.62%.

    Relative Fees (Closing Costs)

    Quorum Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,548.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 378 $77,510,000 $205,053 $0 5.52%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 373 $67,405,000 $180,710 $4,242 5.45%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 171 $38,615,000 $225,819 $0 5.53%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 203 $31,865,000 $156,970 $0 5.73%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 325 $30,505,000 $93,862 $4,291 5.74%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 143 $28,455,000 $198,986 $0 5.58%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 198 $27,630,000 $139,545 $2,684 5.99%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 176 $23,760,000 $135,000 $7,624 6.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 118 $18,340,000 $155,424 $3,447 5.81%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 96 $17,160,000 $178,750 $0 5.82%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 98 $14,100,000 $143,878 $0 5.76%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 108 $12,850,000 $118,981 $0 6.30%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 58 $12,320,000 $212,414 $3,325 5.90%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 48 $12,100,000 $252,083 $0 5.18%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 73 $11,945,000 $163,630 $2,653 5.64%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 85 $11,715,000 $137,824 $0 6.09%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 79 $11,375,000 $143,987 $5,972 5.95%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 75 $9,725,000 $129,667 $6,384 6.07%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 50 $9,400,000 $188,000 $5,331 5.36%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 59 $7,395,000 $125,339 $4,658 6.14%
    Outside of Metro Areas 55 $7,145,000 $129,909 $3,427 5.65%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 34 $5,900,000 $173,529 $0 5.61%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 24 $5,270,000 $219,583 $0 5.39%
    BOISE CITY, ID (FHA|USDA|VA) 31 $4,465,000 $144,032 $0 6.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 22 $4,070,000 $185,000 $0 5.62%
    FRESNO, CA (FHA|USDA|VA) 24 $3,890,000 $162,083 $0 5.24%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 30 $3,850,000 $128,333 $2,946 5.83%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 39 $3,755,000 $96,282 $0 5.89%
    STOCKTON, CA (FHA|USDA|VA) 33 $3,725,000 $112,879 $0 6.13%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 27 $3,525,000 $130,556 $2,310 5.49%
    SALT LAKE CITY, UT (FHA|USDA|VA) 28 $3,520,000 $125,714 $0 6.22%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 24 $3,300,000 $137,500 $4,918 5.79%
    RENO, NV (FHA|USDA|VA) 19 $3,235,000 $170,263 $0 5.97%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 19 $2,955,000 $155,526 $0 5.48%
    SALINAS, CA (FHA|USDA|VA) 11 $2,875,000 $261,364 $0 5.65%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 17 $2,875,000 $169,118 $2,082 5.72%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 23 $2,775,000 $120,652 $0 5.56%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 22 $2,650,000 $120,455 $0 5.57%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 21 $2,565,000 $122,143 $5,020 6.03%
    VALLEJO, CA (FHA|USDA|VA) 22 $2,510,000 $114,091 $0 6.78%
    JACKSONVILLE, FL (FHA|USDA|VA) 17 $2,425,000 $142,647 $0 5.80%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 14 $2,190,000 $156,429 $0 6.12%
    PROVO-OREM, UT (FHA|USDA|VA) 13 $2,145,000 $165,000 $0 5.86%
    BEND, OR (FHA|USDA|VA) 12 $2,060,000 $171,667 $0 4.86%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 12 $2,050,000 $170,833 $0 5.32%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 13 $2,015,000 $155,000 $0 5.52%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 9 $1,975,000 $219,444 $0 5.22%
    WORCESTER, MA-CT (FHA|USDA|VA) 11 $1,925,000 $175,000 $9,587 5.43%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 10 $1,910,000 $191,000 $0 5.34%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $1,885,000 $171,364 $0 5.55%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 13 $1,865,000 $143,462 $0 5.91%
    FORT COLLINS, CO (FHA|USDA|VA) 15 $1,735,000 $115,667 $0 6.43%
    NAPA, CA (FHA|USDA|VA) 11 $1,655,000 $150,455 $0 5.38%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 8 $1,570,000 $196,250 $3,278 5.62%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $1,485,000 $114,231 $0 5.71%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 13 $1,395,000 $107,308 $0 6.89%
    PITTSBURGH, PA (FHA|USDA|VA) 10 $1,390,000 $139,000 $0 6.22%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 13 $1,345,000 $103,462 $0 6.20%
    GREELEY, CO (FHA|USDA|VA) 14 $1,340,000 $95,714 $0 6.08%
    SANTA FE, NM (FHA|USDA|VA) 8 $1,320,000 $165,000 $0 5.06%
    RICHMOND, VA (FHA|USDA|VA) 3 $1,305,000 $435,000 $4,299 5.13%
    BOULDER, CO (FHA|USDA|VA) 7 $1,295,000 $185,000 $0 4.65%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 12 $1,280,000 $106,667 $0 6.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $1,255,000 $179,286 $0 5.80%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $1,200,000 $200,000 $0 5.87%
    RALEIGH-CARY, NC (FHA|USDA|VA) 10 $1,170,000 $117,000 $0 5.74%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,120,000 $186,667 $14,331 5.85%
    GAINESVILLE, GA (FHA|USDA|VA) 5 $1,075,000 $215,000 $0 6.45%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $1,030,000 $128,750 $0 5.58%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $980,000 $245,000 $0 5.24%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 6 $970,000 $161,667 $0 5.33%
    OCEAN CITY, NJ (FHA|USDA|VA) 4 $940,000 $235,000 $0 5.29%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $915,000 $183,000 $3,104 4.71%
    COLUMBUS, OH (FHA|USDA|VA) 10 $910,000 $91,000 $0 6.34%
    ST. GEORGE, UT (FHA|USDA|VA) 7 $905,000 $129,286 $0 6.71%
    Key West, FL (FHA|USDA|VA) 5 $875,000 $175,000 $0 5.87%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $870,000 $145,000 $0 5.29%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 8 $870,000 $108,750 $0 6.37%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $865,000 $288,333 $4,352 4.75%
    TUCSON, AZ (FHA|USDA|VA) 8 $840,000 $105,000 $0 5.71%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 10 $810,000 $81,000 $0 6.59%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $790,000 $197,500 $0 6.00%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 5 $765,000 $153,000 $2,135 5.28%
    BAKERSFIELD, CA (FHA|USDA|VA) 11 $765,000 $69,545 $0 6.04%
    MODESTO, CA (FHA|USDA|VA) 7 $755,000 $107,857 $0 6.32%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $745,000 $149,000 $0 6.60%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 7 $735,000 $105,000 $3,953 5.47%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $710,000 $177,500 $0 6.35%
    MADERA, CA (FHA|USDA|VA) 6 $710,000 $118,333 $0 5.60%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $685,000 $137,000 $0 6.35%
    Sevierville, TN (FHA|USDA|VA) 5 $685,000 $137,000 $0 5.70%
    MEDFORD, OR (FHA|USDA|VA) 4 $630,000 $157,500 $0 6.69%
    Durango, CO (FHA|USDA|VA) 4 $620,000 $155,000 $0 5.90%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $610,000 $152,500 $0 5.73%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $610,000 $152,500 $0 6.75%
    VISALIA, CA (FHA|USDA|VA) 4 $580,000 $145,000 $0 6.29%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $580,000 $145,000 $2,118 5.11%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $570,000 $95,000 $0 5.63%
    Hilo, HI (FHA|USDA|VA) 2 $560,000 $280,000 $0 6.38%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 4 $560,000 $140,000 $0 6.07%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $545,000 $181,667 $0 5.40%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $525,000 $105,000 $0 5.81%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $505,000 $101,000 $0 5.59%
    Payson, AZ (FHA|USDA|VA) 1 $495,000 $495,000 $0 5.20%
    REDDING, CA (FHA|USDA|VA) 6 $490,000 $81,667 $0 5.18%
    WENATCHEE, WA (FHA|USDA|VA) 2 $470,000 $235,000 $0 6.75%
    Heber, UT (FHA|USDA|VA) 3 $465,000 $155,000 $0 5.32%
    CARSON CITY, NV (FHA|USDA|VA) 1 $465,000 $465,000 $0 8.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $455,000 $91,000 $0 5.65%
    SALEM, OR (FHA|USDA|VA) 3 $445,000 $148,333 $0 4.90%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $430,000 $107,500 $1,875 4.14%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $430,000 $107,500 $0 6.36%
    Breckenridge, CO (FHA|USDA|VA) 2 $430,000 $215,000 $0 6.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $425,000 $85,000 $0 5.11%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $425,000 $85,000 $0 6.20%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $420,000 $210,000 $0 5.28%
    Plymouth, IN (FHA|USDA|VA) 1 $415,000 $415,000 $0 3.95%
    Moses Lake, WA (FHA|USDA|VA) 2 $410,000 $205,000 $0 4.35%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.75%
    TULSA, OK (FHA|USDA|VA) 3 $375,000 $125,000 $0 6.11%
    COLUMBIA, SC (FHA|USDA|VA) 5 $375,000 $75,000 $0 5.96%
    Steamboat Springs, CO (FHA|USDA|VA) 4 $360,000 $90,000 $0 6.17%
    Roseburg, OR (FHA|USDA|VA) 3 $355,000 $118,333 $0 5.32%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.24%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $345,000 $115,000 $0 5.87%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $335,000 $111,667 $0 6.67%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $330,000 $82,500 $0 6.86%
    SYRACUSE, NY (FHA|USDA|VA) 3 $315,000 $105,000 $0 6.08%
    Hood River, OR (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.98%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 6.88%
    MERCED, CA (FHA|USDA|VA) 2 $310,000 $155,000 $0 7.43%
    Gloversville, NY (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.95%
    LANCASTER, PA (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $305,000 $305,000 $3,462 2.63%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $300,000 $150,000 $0 4.45%
    ALBUQUERQUE, NM (FHA|USDA|VA) 4 $300,000 $75,000 $0 6.72%
    Fernley, NV (FHA|USDA|VA) 2 $300,000 $150,000 $0 7.00%
    Albert Lea, MN (FHA|USDA|VA) 2 $300,000 $150,000 $0 6.38%
    Bennington, VT (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.90%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 5.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $290,000 $72,500 $0 4.91%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.92%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,125 1.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $260,000 $130,000 $0 6.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $255,000 $85,000 $0 4.90%
    Outside of Metro Areas 2 $250,000 $125,000 $0 5.23%
    MADISON, WI (FHA|USDA|VA) 2 $250,000 $125,000 $0 7.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.38%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $250,000 $125,000 $0 7.75%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.38%
    Milledgeville, GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.50%
    Morehead City, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.00%
    Brainerd, MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.00%
    CHICO, CA (FHA|USDA|VA) 4 $240,000 $60,000 $0 5.55%
    CORVALLIS, OR (FHA|USDA|VA) 2 $240,000 $120,000 $0 6.25%
    Oak Harbor, WA (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $235,000 $78,333 $0 7.33%
    Findlay, OH (FHA|USDA|VA) 6 $230,000 $38,333 $0 6.81%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $230,000 $115,000 $2,970 2.31%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,795 3.13%
    ANCHORAGE, AK (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.00%
    Shelbyville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.25%
    Bozeman, MT (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.45%
    SAVANNAH, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.00%
    Holland, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.50%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.38%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.38%
    Ellensburg, WA (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.55%
    ROANOKE, VA (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.65%
    OCALA, FL (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.38%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.06%
    Jackson, WY-ID (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.95%
    TOPEKA, KS (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.75%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,717 2.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $175,000 $58,333 $0 6.50%
    Edwards, CO (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.10%
    POCATELLO, ID (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.75%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $160,000 $80,000 $0 5.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.75%
    WICHITA, KS (FHA|USDA|VA) 2 $160,000 $80,000 $0 6.08%
    AKRON, OH (FHA|USDA|VA) 2 $150,000 $75,000 $0 6.61%
    Houghton, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.50%
    CHEYENNE, WY (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.24%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $145,000 $48,333 $0 5.57%
    Urbana, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.00%
    APPLETON, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.75%
    Kalispell, MT (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.74%
    NEW BERN, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.50%
    Sonora, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.24%
    WILMINGTON, NC (FHA|USDA|VA) 2 $120,000 $60,000 $0 8.25%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $120,000 $60,000 $0 6.50%
    BILLINGS, MT (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    Sandpoint, ID (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.10%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.45%
    Torrington, CT (FHA|USDA|VA) 3 $115,000 $38,333 $0 7.05%
    Cullman, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.25%
    Auburn, NY (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.25%
    Laconia, NH (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    Newport, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    Ukiah, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    DOVER, DE (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
    RAPID CITY, SD (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.95%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.00%
    Shelby, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.75%
    Red Bluff, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $90,000 $45,000 $0 7.00%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.50%
    Pahrump, NV (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.88%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.25%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.95%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
    Bartlesville, OK (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.95%
    TOLEDO, OH (FHA|USDA|VA) 2 $70,000 $35,000 $0 5.35%
    Crossville, TN (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.05%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $70,000 $35,000 $0 4.75%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.95%
    Grand Rapids, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
    JACKSON, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.24%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.95%
    Laramie, WY (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.95%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
    Moscow, ID (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
    NILES, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.75%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
    Prineville, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
    Clearlake, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.24%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.95%
    RACINE, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.25%
    Laurinburg, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
    Williston, ND (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.90%
    YUBA CITY, CA (FHA|USDA|VA) 2 $50,000 $25,000 $0 6.25%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.95%
    PUEBLO, CO (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.95%
    MIDLAND, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.25%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.75%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.60%
    Evanston, WY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.74%
    LINCOLN, NE (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.74%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.24%
    CHARLESTON, WV (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
    YAKIMA, WA (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.00%
    Quorum Federal Credit Union's top markets include Los Angeles, New York, San Francisco, Denver, and Miami among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against QUORUM FEDERAL CREDIT UNION 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 4,097 $616,065,000 $150,370 n/a 5.83%
    Conventional 93 $33,485,000 $360,054 $4,117 2.86%

    For 2021, Quorum Federal Credit Union's most frequently originated type of loan was HELOC, with 4,097 originations. Their 2nd most popular type was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,574 $411,440,000 $159,845 $4,089 5.68%
    Home Purchase 1,417 $208,965,000 $147,470 $5,083 5.98%
    Refi 199 $29,145,000 $146,457 $3,450 5.36%

    For 2021, Quorum Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 2,574 originations. The 2nd most popular reason was Home Purchase, with 1,417 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,061 $627,095,000 $154,419 $4,548 5.77%
    15 Year 116 $18,520,000 $159,655 $3,586 5.68%
    20 Year 7 $2,465,000 $352,143 $3,808 3.07%
    10 Year 3 $535,000 $178,333 $2,609 2.42%
    30+ year 3 $935,000 $311,667 $0 5.17%

    For 2021, Quorum Federal Credit Union's most frequently cited loan duration was 30 Year, with 4,061 originations. The 2nd most popular length was 15 Year, with 116 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 62 $22,860,000 $368,710
    $1k-2k 13 $4,015,000 $308,846
    $5k+ 5 $2,385,000 $477,000
    $2k-3k 4 $1,470,000 $367,500
    $3k-4k 4 $1,230,000 $307,500

    Quorum Federal Credit Union's average total fees were $4,548, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,231 $194,745,000 $158,201
    5-6% 1,138 $185,440,000 $162,953
    7-8% 603 $71,065,000 $117,852
    6-7% 543 $82,435,000 $151,814
    3-4% 372 $71,450,000 $192,070
    Over 8% 242 $25,390,000 $104,917
    2.5-3% 33 $11,175,000 $338,636
    <2.5% 28 $7,850,000 $280,357

    During 2021, Quorum Federal Credit Union's average interest rate for loans was 5.77%, while their most frequently originated rate bucket for loans was 4-5%, with 1,231 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,699 $104,535,000 $61,527 $2,089 6.03%
    $100k-200k 1,382 $193,170,000 $139,776 $3,133 5.80%
    $200k-400k 830 $216,940,000 $261,373 $3,757 5.42%
    $400k-600k 267 $125,905,000 $471,554 $5,155 5.03%
    $600k-1MM 11 $7,995,000 $726,818 $5,535 4.24%
    $1MM+ 1 $1,005,000 $1,005,000 $7,624 3.75%

    2021 saw Quorum Federal Credit Union place emphasis on $100,000 or less loans with 1,699 originations, totaling $104,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,562 $218,970,000 $140,186 $4,098 5.90%
    $250k+ 1,411 $324,735,000 $230,145 $4,751 5.65%
    $100k-150k 720 $74,740,000 $103,806 $3,694 5.77%
    $75k-100k 252 $18,520,000 $73,492 $2,975 5.69%
    $50k-75k 188 $10,870,000 $57,819 $4,029 5.56%
    $50k or less 57 $1,715,000 $30,088 $0 5.85%

    Quorum Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 1,562 originations. The second most popular income band? $250k+, with 1,411 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 968 $147,570,000 $152,448 $3,422 5.79%
    20-30% 928 $155,530,000 $167,597 $4,599 5.64%
    42% 353 $47,555,000 $134,717 $6,724 5.90%
    <20% 272 $56,310,000 $207,022 $3,585 5.35%
    39% 263 $37,975,000 $144,392 $4,360 5.96%
    40% 249 $40,935,000 $164,398 $3,055 5.84%
    38% 237 $34,135,000 $144,030 $3,208 5.84%
    41% 235 $32,155,000 $136,830 $3,818 5.93%
    37% 221 $29,925,000 $135,407 $4,506 5.91%
    36% 198 $28,880,000 $145,859 $4,002 5.84%
    43% 124 $16,590,000 $133,790 $3,306 5.92%
    44% 82 $12,170,000 $148,415 $3,205 5.43%
    45% 22 $3,260,000 $148,182 $3,117 5.38%
    46% 10 $1,960,000 $196,000 $3,803 6.01%
    48% 10 $1,260,000 $126,000 $0 6.28%
    47% 9 $1,915,000 $212,778 $3,541 5.13%
    49% 7 $1,385,000 $197,857 $6,059 5.33%
    50-60% 1 $15,000 $15,000 $0 5.00%
    >60% 1 $25,000 $25,000 $0 6.38%

    Quorum Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 968 originations. The next most common DTI ratio? 20-30%, with 928 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,009 $458,885,000 $152,504 $3,914 5.75%
    Not provided 741 $121,765,000 $164,325 $4,802 5.74%
    Asian 190 $30,900,000 $162,632 $0 5.75%
    Black 171 $24,815,000 $145,117 $3,593 6.17%
    American Indian 39 $4,825,000 $123,718 $3,883 5.89%
    Asian Indian 13 $3,895,000 $299,615 $0 5.23%
    Filipino 7 $1,235,000 $176,429 $0 5.96%
    Native Hawaiian or Islander 9 $1,075,000 $119,444 $0 6.34%
    Vietnamese 3 $675,000 $225,000 $0 5.75%
    Other Asian 3 $665,000 $221,667 $0 5.90%
    Korean 4 $570,000 $142,500 $0 4.71%
    Chinese 1 $245,000 $245,000 $0 5.70%

    Approval Rates

    Total approvals of all applications
    79.34%

    Quorum Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.66%

    Quorum Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,190 $649,550,000 $155,024

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,190 $649,550,000 $155,024

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,245 $287,585,000 $230,992 $4,407 5.69%
    40-60% 124 $36,880,000 $297,419 $3,484 5.04%
    60-80% 53 $19,165,000 $361,604 $4,292 3.91%
    80-100% 19 $7,375,000 $388,158 $4,448 4.07%
    Under 20% 2,749 $298,545,000 $108,601 $4,353 5.88%