Quorum Federal Credit Union Mortgage Rates, Fees & Info
Harrison, NYLEI: 549300Q50XCC0473FG63
Tax ID: 13-1517541
1 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Quorum Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Quorum Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, New York, San Francisco, Denver, and Miami among others. Quorum Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Quorum Federal Credit Union is typically an average fee lendor.Originations
4,190Origination Dollar Volume (All Markets)
$649,550,000Awards
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QUORUM FEDERAL CREDIT UNION - 2021
QUORUM FEDERAL CREDIT UNION is a 2021 , due to their low .
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Relative Rate
Quorum Federal Credit Union's average 30 year fixed rate mortgage of loans were
5.77%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 2.62%.
Relative Fees
Quorum Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,548.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,190 | $649,550,000 | $155,024 | $4,117 | 5.76% |
For the 2021 period, Quorum Federal Credit Union's most frequently originated loan type of loans were Conventional, with 4,190 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Quorum Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 2,574 originations. The 2nd most popular reason of loans were 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 the 2021, Quorum Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 4,061 originations. The 2nd most popular length of loans were 15 Year, with 116 originations.
Origination Fees
| Origination Fee | 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 |
$4,548 of loans were Quorum Federal Credit Union's average total fees, while their most frequently occuring range of origination fees 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 of loans were 5.77%, while their most frequently originated rate bucket of loans were 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 | 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 applications79.09%
Quorum Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination66.37%
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% |
