Quorum Federal Credit Union Mortgage Rates, Fees & Info

Harrison, NY

LEI: 549300Q50XCC0473FG63

Tax ID: 13-1517541

2.8 stars - Updated: 2/25/24 - out of 5 stars, based on 69 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Quorum Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Quorum Federal Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Los Angeles, New York, San Francisco, Miami, and Phoenix among others. We have data for 297 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quorum Federal Credit Union has a below 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 a low 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) 8.22% 2/25/24
30 Year Conventional Purchase 6.78% 2/25/24
30 Year Conventional Refi 6.30% 2/25/24
30 Year Cash-out Refi 7.65% 2/25/24
15 Year Conventional Purchase 5.97% 2/25/24
15 Year Conventional Refi 5.63% 2/25/24
15 Year Cash-out Refi 5.63% 2/25/24
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.

Quorum Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Quorum Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

4,719

Origination Dollar Volume (All Markets)

$830,335,000

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 6.18%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 1.42%.

Relative Fees (Closing Costs)

Quorum Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,396.

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) 553 $131,695,000 $238,146 $5,611 6.02%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 343 $69,805,000 $203,513 $6,241 5.99%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 185 $49,935,000 $269,919 $4,301 5.74%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 287 $37,025,000 $129,007 $0 5.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 244 $36,960,000 $151,475 $0 6.33%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 144 $33,250,000 $230,903 $0 5.83%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 156 $29,520,000 $189,231 $3,882 6.10%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 128 $27,200,000 $212,500 $3,885 6.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 163 $25,345,000 $155,491 $0 6.41%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 135 $21,595,000 $159,963 $1,906 6.46%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 143 $20,325,000 $142,133 $4,231 6.15%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 56 $15,930,000 $284,464 $0 5.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 86 $15,820,000 $183,953 $0 6.37%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 90 $15,560,000 $172,889 $3,401 6.39%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 63 $14,785,000 $234,683 $8,145 6.27%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 86 $14,260,000 $165,814 $3,103 6.14%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 98 $13,280,000 $135,510 $3,613 6.67%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 79 $10,515,000 $133,101 $0 6.70%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 64 $10,190,000 $159,219 $0 7.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 47 $8,115,000 $172,660 $4,261 5.50%
Outside of Metro Areas 58 $7,670,000 $132,241 $4,225 6.47%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 35 $7,135,000 $203,857 $0 6.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 49 $6,765,000 $138,061 $0 6.83%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 43 $5,985,000 $139,186 $2,180 6.57%
RENO, NV (FHA|USDA|VA) 29 $5,525,000 $190,517 $0 5.93%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 32 $5,430,000 $169,688 $0 6.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 36 $5,150,000 $143,056 $0 6.86%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 34 $4,900,000 $144,118 $0 6.36%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 26 $4,640,000 $178,462 $3,181 6.03%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 29 $4,575,000 $157,759 $3,269 6.16%
BOISE CITY, ID (FHA|USDA|VA) 31 $4,265,000 $137,581 $0 5.98%
JACKSONVILLE, FL (FHA|USDA|VA) 29 $4,195,000 $144,655 $0 6.45%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 21 $3,485,000 $165,952 $0 6.64%
NAPA, CA (FHA|USDA|VA) 16 $3,480,000 $217,500 $0 5.49%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 24 $3,480,000 $145,000 $3,471 5.97%
SALT LAKE CITY, UT (FHA|USDA|VA) 17 $3,355,000 $197,353 $0 5.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 19 $3,245,000 $170,789 $0 5.84%
KANSAS CITY, MO-KS (FHA|USDA|VA) 23 $3,115,000 $135,435 $3,112 6.17%
STOCKTON, CA (FHA|USDA|VA) 27 $3,015,000 $111,667 $0 6.62%
PROVO-OREM, UT (FHA|USDA|VA) 14 $2,900,000 $207,143 $0 6.26%
BOULDER, CO (FHA|USDA|VA) 15 $2,775,000 $185,000 $0 5.53%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 12 $2,700,000 $225,000 $0 5.74%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 10 $2,680,000 $268,000 $6,844 6.01%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 18 $2,660,000 $147,778 $0 6.81%
RALEIGH-CARY, NC (FHA|USDA|VA) 25 $2,545,000 $101,800 $0 7.49%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 10 $2,420,000 $242,000 $0 5.14%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 18 $2,390,000 $132,778 $0 5.77%
VALLEJO, CA (FHA|USDA|VA) 19 $2,375,000 $125,000 $0 6.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 16 $2,350,000 $146,875 $3,293 6.91%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 21 $2,335,000 $111,190 $3,688 6.64%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 10 $2,280,000 $228,000 $0 6.59%
PORT ST. LUCIE, FL (FHA|USDA|VA) 16 $2,130,000 $133,125 $0 6.41%
VISALIA, CA (FHA|USDA|VA) 13 $2,095,000 $161,154 $0 6.21%
CHICO, CA (FHA|USDA|VA) 14 $2,050,000 $146,429 $0 5.69%
FRESNO, CA (FHA|USDA|VA) 14 $1,960,000 $140,000 $0 6.70%
BEND, OR (FHA|USDA|VA) 11 $1,955,000 $177,727 $0 6.82%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 10 $1,940,000 $194,000 $0 4.98%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 15 $1,915,000 $127,667 $0 7.13%
TUCSON, AZ (FHA|USDA|VA) 14 $1,850,000 $132,143 $0 6.06%
FORT COLLINS, CO (FHA|USDA|VA) 10 $1,810,000 $181,000 $0 6.81%
URBAN HONOLULU, HI (FHA|USDA|VA) 11 $1,805,000 $164,091 $0 6.05%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $1,730,000 $173,000 $0 6.16%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 14 $1,690,000 $120,714 $0 7.19%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 9 $1,685,000 $187,222 $0 5.83%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $1,665,000 $128,077 $0 6.41%
RICHMOND, VA (FHA|USDA|VA) 9 $1,595,000 $177,222 $8,693 6.13%
COLUMBUS, OH (FHA|USDA|VA) 13 $1,585,000 $121,923 $2,358 7.41%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 18 $1,570,000 $87,222 $0 7.54%
Heber, UT (FHA|USDA|VA) 4 $1,560,000 $390,000 $0 7.40%
SALISBURY, MD-DE (FHA|USDA|VA) 10 $1,530,000 $153,000 $2,937 5.83%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 15 $1,525,000 $101,667 $0 6.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,435,000 $287,000 $5,719 6.02%
REDDING, CA (FHA|USDA|VA) 11 $1,425,000 $129,545 $0 4.97%
ST. LOUIS, MO-IL (FHA|USDA|VA) 11 $1,275,000 $115,909 $0 7.39%
Key West, FL (FHA|USDA|VA) 3 $1,255,000 $418,333 $6,076 4.61%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 8 $1,230,000 $153,750 $0 5.30%
WILMINGTON, NC (FHA|USDA|VA) 4 $1,230,000 $307,500 $4,436 6.15%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,205,000 $172,143 $0 5.78%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,165,000 $166,429 $0 5.92%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $1,070,000 $267,500 $0 5.91%
PITTSBURGH, PA (FHA|USDA|VA) 8 $1,060,000 $132,500 $4,150 6.75%
ANCHORAGE, AK (FHA|USDA|VA) 7 $1,055,000 $150,714 $0 6.91%
CARSON CITY, NV (FHA|USDA|VA) 5 $1,015,000 $203,000 $0 6.40%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $980,000 $163,333 $0 7.03%
Kalispell, MT (FHA|USDA|VA) 3 $965,000 $321,667 $0 6.82%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $960,000 $240,000 $0 6.45%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $950,000 $237,500 $0 4.71%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $930,000 $155,000 $0 6.55%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 4 $930,000 $232,500 $0 5.29%
Breckenridge, CO (FHA|USDA|VA) 3 $925,000 $308,333 $0 6.33%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $895,000 $179,000 $0 8.72%
FLAGSTAFF, AZ (FHA|USDA|VA) 4 $880,000 $220,000 $0 6.77%
WORCESTER, MA-CT (FHA|USDA|VA) 8 $870,000 $108,750 $0 7.14%
Sonora, CA (FHA|USDA|VA) 4 $860,000 $215,000 $0 4.73%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $860,000 $143,333 $0 6.97%
ASHEVILLE, NC (FHA|USDA|VA) 6 $850,000 $141,667 $0 6.50%
ST. GEORGE, UT (FHA|USDA|VA) 4 $850,000 $212,500 $0 7.30%
TWIN FALLS, ID (FHA|USDA|VA) 6 $850,000 $141,667 $0 5.31%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $845,000 $169,000 $0 7.09%
MODESTO, CA (FHA|USDA|VA) 6 $810,000 $135,000 $2,616 4.85%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $795,000 $159,000 $0 7.90%
ALBANY-LEBANON, OR (FHA|USDA|VA) 5 $785,000 $157,000 $0 6.86%
Sevierville, TN (FHA|USDA|VA) 5 $775,000 $155,000 $0 5.44%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $740,000 $370,000 $0 5.68%
SALINAS, CA (FHA|USDA|VA) 5 $735,000 $147,000 $0 6.60%
Durango, CO (FHA|USDA|VA) 2 $720,000 $360,000 $3,638 6.06%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $700,000 $350,000 $0 5.79%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $700,000 $87,500 $0 6.84%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $685,000 $137,000 $0 8.80%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $625,000 $125,000 $0 5.90%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $600,000 $150,000 $0 6.56%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $565,000 $113,000 $0 6.92%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $550,000 $91,667 $0 5.98%
BELLINGHAM, WA (FHA|USDA|VA) 4 $550,000 $137,500 $0 7.16%
Lebanon, NH-VT (FHA|USDA|VA) 3 $545,000 $181,667 $0 8.25%
KNOXVILLE, TN (FHA|USDA|VA) 5 $535,000 $107,000 $0 6.39%
Oak Harbor, WA (FHA|USDA|VA) 4 $520,000 $130,000 $0 6.30%
ROANOKE, VA (FHA|USDA|VA) 3 $515,000 $171,667 $0 7.58%
Sandpoint, ID (FHA|USDA|VA) 1 $495,000 $495,000 $0 5.00%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $495,000 $495,000 $0 4.20%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $480,000 $80,000 $0 6.93%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $475,000 $158,333 $0 4.98%
Findlay, OH (FHA|USDA|VA) 15 $475,000 $31,667 $0 6.63%
SANTA FE, NM (FHA|USDA|VA) 2 $470,000 $235,000 $0 8.75%
KINGSTON, NY (FHA|USDA|VA) 2 $460,000 $230,000 $0 6.88%
SALEM, OR (FHA|USDA|VA) 5 $445,000 $89,000 $0 5.85%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $445,000 $445,000 $0 8.00%
Bennington, VT (FHA|USDA|VA) 1 $445,000 $445,000 $6,905 6.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $435,000 $145,000 $0 6.87%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $435,000 $145,000 $0 4.84%
MADERA, CA (FHA|USDA|VA) 5 $425,000 $85,000 $0 7.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $425,000 $141,667 $0 5.48%
Port Angeles, WA (FHA|USDA|VA) 2 $420,000 $210,000 $0 6.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $415,000 $83,000 $0 4.63%
Outside of Metro Areas 4 $400,000 $100,000 $0 7.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $395,000 $131,667 $0 5.44%
GREELEY, CO (FHA|USDA|VA) 6 $390,000 $65,000 $0 7.54%
Kapaa, HI (FHA|USDA|VA) 2 $390,000 $195,000 $0 7.94%
GRANTS PASS, OR (FHA|USDA|VA) 2 $390,000 $195,000 $0 4.08%
MERCED, CA (FHA|USDA|VA) 5 $385,000 $77,000 $0 5.92%
MEDFORD, OR (FHA|USDA|VA) 3 $375,000 $125,000 $0 6.31%
COLUMBIA, SC (FHA|USDA|VA) 4 $360,000 $90,000 $0 6.01%
WENATCHEE, WA (FHA|USDA|VA) 2 $350,000 $175,000 $0 8.16%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $335,000 $111,667 $0 7.37%
MORRISTOWN, TN (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.24%
Torrington, CT (FHA|USDA|VA) 5 $325,000 $65,000 $0 10.03%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $325,000 $65,000 $0 5.22%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $325,000 $65,000 $0 7.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $320,000 $160,000 $0 5.23%
MANHATTAN, KS (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.75%
AKRON, OH (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.73%
LOUISVILLE, KY (FHA|USDA|VA) 3 $305,000 $101,667 $0 4.05%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $305,000 $101,667 $0 6.57%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $300,000 $150,000 $0 5.03%
MOBILE, AL (FHA|USDA|VA) 3 $295,000 $98,333 $0 7.17%
Moscow, ID (FHA|USDA|VA) 2 $290,000 $145,000 $0 4.49%
NILES, MI (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.50%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $280,000 $140,000 $0 9.10%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $280,000 $140,000 $0 7.06%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $280,000 $140,000 $0 8.50%
TULSA, OK (FHA|USDA|VA) 4 $270,000 $67,500 $0 8.58%
Ontario, OR-ID (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $265,000 $88,333 $0 6.91%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $260,000 $130,000 $0 6.87%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $260,000 $130,000 $0 4.87%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $250,000 $125,000 $0 6.48%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $250,000 $125,000 $0 6.12%
Aberdeen, WA (FHA|USDA|VA) 2 $250,000 $125,000 $0 9.13%
Ukiah, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.49%
YAKIMA, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.74%
CHARLESTON, WV (FHA|USDA|VA) 1 $245,000 $245,000 $0 10.63%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $245,000 $81,667 $0 5.82%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $245,000 $81,667 $0 7.07%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.70%
Hilo, HI (FHA|USDA|VA) 2 $240,000 $120,000 $0 4.35%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.23%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $235,000 $47,000 $0 7.42%
Bozeman, MT (FHA|USDA|VA) 2 $230,000 $115,000 $0 6.48%
OCALA, FL (FHA|USDA|VA) 5 $225,000 $45,000 $0 8.23%
ROCHESTER, NY (FHA|USDA|VA) 3 $225,000 $75,000 $0 7.33%
BATON ROUGE, LA (FHA|USDA|VA) 3 $225,000 $75,000 $0 5.48%
NEW BERN, NC (FHA|USDA|VA) 4 $220,000 $55,000 $0 7.80%
Clewiston, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.75%
Steamboat Springs, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.50%
LEBANON, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.88%
LAS CRUCES, NM (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.75%
Astoria, OR (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.22%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.35%
Wilson, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.63%
Rutland, VT (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.50%
Montrose, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.95%
Palatka, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,030 3.50%
Cullowhee, NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.50%
Newport, OR (FHA|USDA|VA) 2 $170,000 $85,000 $0 7.94%
LONGVIEW, WA (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.74%
MONROE, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,623 2.75%
Warsaw, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,682 5.00%
Laconia, NH (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.00%
RAPID CITY, SD (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
JOPLIN, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.50%
Ellensburg, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.25%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.95%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $150,000 $75,000 $0 8.13%
PEORIA, IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,996 3.38%
Edwards, CO (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.45%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $140,000 $70,000 $0 9.44%
LIMA, OH (FHA|USDA|VA) 3 $135,000 $45,000 $0 6.33%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.49%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $120,000 $60,000 $0 6.25%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.22%
GAINESVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.74%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
CLEVELAND, TN (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.50%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.49%
Fernley, NV (FHA|USDA|VA) 2 $110,000 $55,000 $0 11.94%
Taos, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.15%
READING, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.50%
Washington Court House, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.05%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.88%
Salem, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.74%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.70%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.74%
Mount Pleasant, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.24%
WHEELING, WV-OH (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.20%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.95%
GREEN BAY, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.50%
COLUMBIA, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.88%
LANCASTER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.74%
FARMINGTON, NM (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.95%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.96%
SAGINAW, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
Clearlake, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.49%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.75%
Fort Morgan, CO (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.00%
YUMA, AZ (FHA|USDA|VA) 2 $80,000 $40,000 $0 4.62%
LAFAYETTE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.00%
Greenville, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.99%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
Oneonta, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.99%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.74%
DUBUQUE, IA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.20%
Crescent City, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
CORVALLIS, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.49%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.24%
KANKAKEE, IL (FHA|USDA|VA) 2 $70,000 $35,000 $0 9.61%
Brainerd, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.24%
PUEBLO, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.88%
Mason City, IA (FHA|USDA|VA) 1 $65,000 $65,000 $2,478 4.25%
TOPEKA, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.70%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.24%
GADSDEN, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.99%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.88%
DECATUR, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.70%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.50%
Lawrenceburg, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.88%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
Sidney, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
Cedar City, UT (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.70%
Roseburg, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.50%
FARGO, ND-MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
FLINT, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
Fremont, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
LaGrange, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.95%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.13%
ANN ARBOR, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.45%
Morehead City, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
BISMARCK, ND (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.00%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 11.38%
Wilmington, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.25%
GETTYSBURG, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.75%
Rexburg, ID (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.25%
WICHITA, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.95%
GAINESVILLE, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.20%
GREENVILLE, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.74%
MANSFIELD, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.50%
TOLEDO, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $25,000 $25,000 $0 12.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 9.88%
Quorum Federal Credit Union's top markets include Los Angeles, New York, San Francisco, Miami, and Phoenix among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 4,655 $796,485,000 $171,103 n/a 6.28%
    Conventional 64 $33,850,000 $528,906 $4,598 4.13%

    For 2022, Quorum Federal Credit Union's most frequently originated type of loan was HELOC, with 4,655 originations. Their 2nd most popular type was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 3,375 $567,855,000 $168,253 $4,556 6.38%
    Home Purchase 718 $118,320,000 $164,791 $5,948 6.15%
    Home Improvement 480 $123,440,000 $257,167 $3,880 5.52%
    Refi 146 $20,720,000 $141,918 $5,918 6.05%

    For 2022, Quorum Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 3,375 originations. The 2nd most popular reason was Home Purchase, with 718 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,540 $804,820,000 $177,273 $4,396 6.18%
    15 Year 176 $24,940,000 $141,705 $5,714 7.98%
    20 Year 2 $510,000 $255,000 $5,570 4.06%
    30+ year 1 $65,000 $65,000 $0 5.25%

    For 2022, Quorum Federal Credit Union's most frequently cited loan duration was 30 Year, with 4,540 originations. The 2nd most popular length was 15 Year, with 176 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 50 $27,670,000 $553,400
    $1k-2k 5 $1,175,000 $235,000
    $3k-4k 4 $1,920,000 $480,000
    $5k+ 3 $1,155,000 $385,000
    $2k-3k 1 $375,000 $375,000
    $4k-5k 1 $1,555,000 $1,555,000

    Quorum Federal Credit Union's average total fees were $4,396, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 50 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,382 $272,460,000 $197,149
    5-6% 896 $166,140,000 $185,424
    Over 8% 796 $91,240,000 $114,623
    7-8% 641 $99,615,000 $155,406
    6-7% 593 $105,935,000 $178,642
    3-4% 404 $92,480,000 $228,911
    <2.5% 4 $1,320,000 $330,000
    2.5-3% 3 $1,145,000 $381,667

    During 2022, Quorum Federal Credit Union's average interest rate for loans was 6.18%, while their most frequently originated rate bucket for loans was 4-5%, with 1,382 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,581 $96,365,000 $60,952 $2,478 6.86%
    $100k-200k 1,540 $213,490,000 $138,630 $3,424 6.22%
    $200k-400k 1,151 $297,355,000 $258,345 $4,667 5.79%
    $400k-600k 420 $199,570,000 $475,167 $4,302 5.43%
    $600k-1MM 21 $15,115,000 $719,762 $5,187 4.39%
    $1MM+ 6 $8,440,000 $1,406,667 $6,065 4.46%

    2022 saw Quorum Federal Credit Union place emphasis on $100,000 or less loans with 1,581 originations, totaling $96,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,587 $422,665,000 $266,330 $5,594 6.03%
    $150k-250k 1,563 $256,635,000 $164,194 $5,176 6.24%
    $100k-150k 900 $102,070,000 $113,411 $3,690 6.46%
    $75k-100k 394 $31,680,000 $80,406 $3,019 6.53%
    $50k-75k 223 $15,065,000 $67,556 $3,308 6.56%
    $50k or less 52 $2,220,000 $42,692 $0 6.33%

    Quorum Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 1,587 originations. The second most popular income band? $150k-250k, with 1,563 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,036 $179,010,000 $172,790 $5,022 6.26%
    20-30% 944 $191,450,000 $202,807 $4,949 5.88%
    42% 559 $81,465,000 $145,733 $8,478 6.99%
    38% 292 $47,930,000 $164,144 $4,173 6.17%
    41% 288 $47,020,000 $163,264 $4,060 6.53%
    <20% 273 $58,705,000 $215,037 $3,885 5.51%
    39% 262 $46,100,000 $175,954 $3,351 6.26%
    37% 261 $46,195,000 $176,992 $3,140 6.56%
    40% 238 $37,710,000 $158,445 $3,807 6.35%
    36% 219 $35,145,000 $160,479 $3,485 6.34%
    44% 166 $26,760,000 $161,205 $6,989 5.91%
    43% 140 $24,170,000 $172,643 $3,103 6.28%
    45% 18 $3,450,000 $191,667 $2,358 6.55%
    46% 7 $1,415,000 $202,143 $4,292 5.13%
    49% 6 $1,470,000 $245,000 $4,576 5.93%
    47% 3 $795,000 $265,000 $0 5.40%
    48% 2 $620,000 $310,000 $0 7.50%
    50-60% 2 $150,000 $75,000 $0 6.63%
    >60% 2 $280,000 $140,000 $0 8.18%

    Quorum Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 1,036 originations. The next most common DTI ratio? 20-30%, with 944 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,264 $564,450,000 $172,932 $4,152 6.20%
    Not provided 915 $172,315,000 $188,322 $5,758 6.29%
    Asian 268 $56,330,000 $210,187 $5,235 5.98%
    Black 230 $30,850,000 $134,130 $2,958 7.06%
    American Indian 34 $5,610,000 $165,000 $4,255 6.34%
    Native Hawaiian or Islander 8 $780,000 $97,500 $0 6.90%

    Approval Rates

    Total approvals of all applications
    68.22%

    Quorum Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    68.76%

    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 4,719 $830,335,000 $175,956

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,719 $830,335,000 $175,956

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,700 $389,280,000 $228,988 $4,387 6.03%
    40-60% 197 $60,645,000 $307,843 $4,842 5.43%
    60-80% 61 $29,185,000 $478,443 $4,508 5.03%
    80-100% 26 $9,820,000 $377,692 $4,581 4.80%
    Under 20% 2,735 $341,405,000 $124,828 $0 6.49%