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

2021 Data | 2020 Data | 2019 Data | 2018 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

4,190

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 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 applications
79.09%

Quorum Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
66.37%

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%