Quorum Federal Credit Union Mortgage Rates, Fees & Info

Harrison, NY

LEI: 549300Q50XCC0473FG63

Tax ID: 13-1517541

1 stars - Updated: 5/11/25

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Phoenix, San Francisco, and San Diego among others. We have data for 262 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)	8.47%	5/11/25
30 Year Conventional Purchase	6.84%	5/11/25
30 Year Conventional Refi	6.26%	5/11/25
30 Year Cash-out Refi	6.82%	5/11/25
15 Year Conventional Purchase	6.64%	5/11/25
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

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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

2,978

Origination Dollar Volume (All Markets)

$532,850,000

Relative Rate

Quorum Federal Credit Union's average 30 year fixed mortgage rate was 10.06%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 3.51%.

Relative Fees (Closing Costs)

Quorum Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,970.

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 $8,356.

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)	260	$71,550,000	$275,192	$3,098	9.60%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	333	$68,585,000	$205,961	$5,744	10.15%
Outside of Metro Areas	123	$23,985,000	$195,000	$0	10.28%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	114	$18,980,000	$166,491	$2,972	10.44%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	72	$18,710,000	$259,861	$8,323	9.56%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	83	$18,465,000	$222,470	$4,178	9.63%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	90	$18,000,000	$200,000	$0	10.23%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	76	$17,340,000	$228,158	$0	10.12%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	113	$15,285,000	$135,265	$3,085	10.16%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	77	$12,295,000	$159,675	$2,515	10.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	76	$11,450,000	$150,658	$2,438	10.26%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	59	$10,745,000	$182,119	$0	10.28%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	58	$9,120,000	$157,241	$3,740	9.79%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	47	$8,665,000	$184,362	$0	10.34%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	40	$7,620,000	$190,500	$0	10.49%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	54	$7,600,000	$140,741	$0	9.87%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	52	$7,370,000	$141,731	$0	10.05%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	34	$7,330,000	$215,588	$0	10.67%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	21	$6,825,000	$325,000	$0	9.66%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	44	$5,890,000	$133,864	$2,563	10.23%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	32	$5,750,000	$179,688	$0	10.03%
TUCSON, AZ (FHA\|USDA\|VA)	32	$5,290,000	$165,313	$0	9.49%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	31	$4,795,000	$154,677	$2,137	10.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	32	$4,720,000	$147,500	$5,593	9.65%
RENO, NV (FHA\|USDA\|VA)	27	$4,475,000	$165,741	$0	10.11%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	17	$4,375,000	$257,353	$0	10.74%
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	18	$4,170,000	$231,667	$0	9.51%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	23	$3,605,000	$156,739	$1,968	10.04%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	25	$3,365,000	$134,600	$2,525	10.33%
JACKSONVILLE, FL (FHA\|USDA\|VA)	28	$3,320,000	$118,571	$5,613	9.87%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	25	$3,295,000	$131,800	$4,992	10.08%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	17	$3,225,000	$189,706	$0	9.99%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	16	$2,930,000	$183,125	$0	10.93%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	19	$2,855,000	$150,263	$0	10.47%
FRESNO, CA (FHA\|USDA\|VA)	16	$2,810,000	$175,625	$0	10.16%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	22	$2,600,000	$118,182	$0	9.90%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	17	$2,585,000	$152,059	$0	10.18%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	24	$2,380,000	$99,167	$0	10.42%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	23	$2,325,000	$101,087	$2,701	10.48%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	21	$2,205,000	$105,000	$3,463	9.95%
BOISE CITY, ID (FHA\|USDA\|VA)	17	$2,145,000	$126,176	$0	10.10%
COLUMBUS, OH (FHA\|USDA\|VA)	16	$1,960,000	$122,500	$0	10.30%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	11	$1,895,000	$172,273	$0	9.33%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	15	$1,855,000	$123,667	$0	10.76%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	10	$1,810,000	$181,000	$0	10.00%
ST. GEORGE, UT (FHA\|USDA\|VA)	7	$1,795,000	$256,429	$0	9.75%
SALINAS, CA (FHA\|USDA\|VA)	8	$1,770,000	$221,250	$0	10.75%
VISALIA, CA (FHA\|USDA\|VA)	12	$1,740,000	$145,000	$0	9.24%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	6	$1,730,000	$288,333	$0	10.46%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	13	$1,615,000	$124,231	$0	10.24%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	10	$1,540,000	$154,000	$0	9.80%
STOCKTON, CA (FHA\|USDA\|VA)	12	$1,470,000	$122,500	$0	10.76%
URBAN HONOLULU, HI (FHA\|USDA\|VA)	6	$1,430,000	$238,333	$0	10.08%
BELLINGHAM, WA (FHA\|USDA\|VA)	6	$1,400,000	$233,333	$0	10.83%
Key West, FL (FHA\|USDA\|VA)	4	$1,400,000	$350,000	$0	10.00%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	9	$1,325,000	$147,222	$0	10.72%
WORCESTER, MA-CT (FHA\|USDA\|VA)	10	$1,320,000	$132,000	$0	11.23%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	9	$1,285,000	$142,778	$0	9.62%
Findlay, OH (FHA\|USDA\|VA)	14	$1,210,000	$86,429	$0	11.13%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	6	$1,190,000	$198,333	$0	11.46%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	6	$1,180,000	$196,667	$0	9.33%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	11	$1,175,000	$106,818	$0	10.30%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	4	$1,120,000	$280,000	$2,843	9.38%
Crescent City, CA (FHA\|USDA\|VA)	7	$1,115,000	$159,286	$0	10.02%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	6	$1,110,000	$185,000	$0	9.29%
BEND, OR (FHA\|USDA\|VA)	3	$1,105,000	$368,333	$0	12.33%
GREELEY, CO (FHA\|USDA\|VA)	5	$1,065,000	$213,000	$0	10.15%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	6	$980,000	$163,333	$0	10.33%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	5	$965,000	$193,000	$0	10.80%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	5	$965,000	$193,000	$2,233	9.20%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	8	$960,000	$120,000	$0	10.69%
Aberdeen, WA (FHA\|USDA\|VA)	11	$925,000	$84,091	$0	10.35%
KNOXVILLE, TN (FHA\|USDA\|VA)	6	$890,000	$148,333	$0	10.02%
PROVO-OREM, UT (FHA\|USDA\|VA)	6	$850,000	$141,667	$3,563	9.29%
FORT COLLINS, CO (FHA\|USDA\|VA)	4	$840,000	$210,000	$0	10.44%
MODESTO, CA (FHA\|USDA\|VA)	10	$830,000	$83,000	$0	10.18%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	5	$795,000	$159,000	$0	9.25%
RICHMOND, VA (FHA\|USDA\|VA)	5	$775,000	$155,000	$0	10.35%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	2	$770,000	$385,000	$0	9.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	7	$765,000	$109,286	$0	10.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	7	$765,000	$109,286	$0	11.05%
HUNTSVILLE, AL (FHA\|USDA\|VA)	3	$755,000	$251,667	$0	10.21%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	4	$750,000	$187,500	$0	9.78%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	7	$705,000	$100,714	$2,954	8.75%
The Dalles, OR (FHA\|USDA\|VA)	5	$695,000	$139,000	$0	9.40%
KINGSTON, NY (FHA\|USDA\|VA)	3	$695,000	$231,667	$0	11.83%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	7	$675,000	$96,429	$0	10.30%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	4	$670,000	$167,500	$0	9.69%
EUGENE-SPRINGFIELD, OR (FHA\|USDA\|VA)	8	$650,000	$81,250	$0	10.86%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	5	$635,000	$127,000	$0	9.60%
Port Angeles, WA (FHA\|USDA\|VA)	3	$625,000	$208,333	$0	9.29%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	2	$610,000	$305,000	$0	8.50%
VALLEJO, CA (FHA\|USDA\|VA)	6	$610,000	$101,667	$0	10.19%
Kalispell, MT (FHA\|USDA\|VA)	2	$610,000	$305,000	$0	9.25%
ANCHORAGE, AK (FHA\|USDA\|VA)	5	$605,000	$121,000	$0	9.85%
ROCHESTER, NY (FHA\|USDA\|VA)	5	$605,000	$121,000	$0	10.33%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	5	$595,000	$119,000	$0	9.80%
PITTSBURGH, PA (FHA\|USDA\|VA)	3	$585,000	$195,000	$0	9.25%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	9	$565,000	$62,778	$0	10.13%
Vernal, UT (FHA\|USDA\|VA)	7	$545,000	$77,857	$0	11.48%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	4	$540,000	$135,000	$0	9.19%
BOULDER, CO (FHA\|USDA\|VA)	2	$530,000	$265,000	$0	8.75%
SANTA FE, NM (FHA\|USDA\|VA)	2	$510,000	$255,000	$0	10.19%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	2	$510,000	$255,000	$0	10.06%
Las Vegas, NM (FHA\|USDA\|VA)	1	$505,000	$505,000	$0	13.25%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	1	$505,000	$505,000	$0	8.50%
Heber, UT (FHA\|USDA\|VA)	3	$505,000	$168,333	$0	10.75%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	7	$505,000	$72,143	$0	11.20%
Bozeman, MT (FHA\|USDA\|VA)	1	$485,000	$485,000	$0	8.75%
SALEM, OR (FHA\|USDA\|VA)	6	$480,000	$80,000	$0	9.62%
LAFAYETTE-WEST LAFAYETTE, IN (FHA\|USDA\|VA)	2	$480,000	$240,000	$0	8.88%
Breckenridge, CO (FHA\|USDA\|VA)	2	$470,000	$235,000	$0	10.44%
EVANSVILLE, IN-KY (FHA\|USDA\|VA)	1	$465,000	$465,000	$0	9.50%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	4	$460,000	$115,000	$0	9.38%
MADERA, CA (FHA\|USDA\|VA)	2	$450,000	$225,000	$0	11.38%
Vidalia, GA (FHA\|USDA\|VA)	1	$425,000	$425,000	$0	8.75%
Fernley, NV (FHA\|USDA\|VA)	3	$425,000	$141,667	$0	9.58%
SAVANNAH, GA (FHA\|USDA\|VA)	5	$415,000	$83,000	$0	9.75%
NAPA, CA (FHA\|USDA\|VA)	2	$410,000	$205,000	$0	9.00%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	4	$410,000	$102,500	$0	10.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	2	$410,000	$205,000	$0	9.81%
COLUMBIA, SC (FHA\|USDA\|VA)	3	$395,000	$131,667	$0	11.13%
Lebanon, NH-VT (FHA\|USDA\|VA)	1	$395,000	$395,000	$5,525	6.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	5	$395,000	$79,000	$0	11.08%
Glenwood Springs, CO (FHA\|USDA\|VA)	1	$385,000	$385,000	$0	9.00%
MERCED, CA (FHA\|USDA\|VA)	2	$360,000	$180,000	$0	8.38%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	3	$355,000	$118,333	$0	10.04%
HICKORY-LENOIR-MORGANTON, NC (FHA\|USDA\|VA)	3	$355,000	$118,333	$0	10.25%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	1	$355,000	$355,000	$0	11.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	11.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	4	$340,000	$85,000	$0	10.56%
Oxford, MS (FHA\|USDA\|VA)	3	$335,000	$111,667	$0	10.88%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	4	$330,000	$82,500	$0	12.47%
Ukiah, CA (FHA\|USDA\|VA)	1	$325,000	$325,000	$0	9.00%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	1	$325,000	$325,000	$0	9.00%
IDAHO FALLS, ID (FHA\|USDA\|VA)	4	$310,000	$77,500	$0	10.78%
Brevard, NC (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	8.50%
MADISON, WI (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	8.75%
LANCASTER, PA (FHA\|USDA\|VA)	2	$290,000	$145,000	$0	9.69%
Ellensburg, WA (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	9.25%
DOVER, DE (FHA\|USDA\|VA)	2	$280,000	$140,000	$0	9.50%
YUMA, AZ (FHA\|USDA\|VA)	2	$280,000	$140,000	$0	10.38%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	8.00%
LONGVIEW, WA (FHA\|USDA\|VA)	2	$270,000	$135,000	$0	9.63%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	2	$270,000	$135,000	$0	10.50%
OCEAN CITY, NJ (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	9.99%
CANTON-MASSILLON, OH (FHA\|USDA\|VA)	2	$260,000	$130,000	$0	11.25%
KENNEWICK-RICHLAND, WA (FHA\|USDA\|VA)	2	$260,000	$130,000	$0	12.38%
SPOKANE-SPOKANE VALLEY, WA (FHA\|USDA\|VA)	3	$255,000	$85,000	$0	10.13%
ROME, GA (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	7.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,809	7.00%
Bluefield, WV-VA (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	9.63%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	3	$235,000	$78,333	$0	10.00%
SPRINGFIELD, MA (FHA\|USDA\|VA)	2	$230,000	$115,000	$0	8.75%
TOPEKA, KS (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	10.88%
Shelbyville, TN (FHA\|USDA\|VA)	2	$220,000	$110,000	$0	10.44%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	3	$215,000	$71,667	$0	11.12%
Whitewater, WI (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	10.50%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	10.19%
SPARTANBURG, SC (FHA\|USDA\|VA)	3	$205,000	$68,333	$0	10.25%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	3	$205,000	$68,333	$0	12.75%
West Plains, MO (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	8.25%
Fallon, NV (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	7.50%
Montrose, CO (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	10.06%
Lewisburg, TN (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	11.75%
Helena, MT (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	13.50%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	3	$195,000	$65,000	$0	10.71%
TOLEDO, OH (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	9.56%
Gardnerville Ranchos, NV (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	12.50%
SALISBURY, MD-DE (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	10.44%
SIERRA VISTA-DOUGLAS, AZ (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	11.13%
MANKATO, MN (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	10.50%
Washington, NC (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	10.00%
Show Low, AZ (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	8.50%
Forest City, NC (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	10.88%
Outside of Metro Areas	1	$175,000	$175,000	$0	9.25%
Pinehurst-Southern Pines, NC (FHA\|USDA\|VA)	2	$170,000	$85,000	$0	10.19%
Shelton, WA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	10.25%
TWIN FALLS, ID (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	8.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	8.75%
LYNCHBURG, VA (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	11.75%
BATTLE CREEK, MI (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	8.00%
WARNER ROBINS, GA (FHA\|USDA\|VA)	2	$150,000	$75,000	$0	12.31%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA\|USDA\|VA)	3	$145,000	$48,333	$0	11.75%
NILES, MI (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	10.00%
Gloversville, NY (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	9.00%
Spearfish, SD (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	14.50%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	11.25%
FAYETTEVILLE, NC (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	9.88%
Tiffin, OH (FHA\|USDA\|VA)	3	$135,000	$45,000	$0	11.33%
Safford, AZ (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	9.75%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	11.50%
Sonora, CA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	12.50%
LAFAYETTE, LA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	8.75%
Klamath Falls, OR (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	9.25%
Payson, AZ (FHA\|USDA\|VA)	2	$130,000	$65,000	$0	9.81%
Cambridge, MD (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	9.75%
Prineville, OR (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	11.25%
MEDFORD, OR (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	9.75%
CORVALLIS, OR (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	9.25%
Laconia, NH (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	12.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,702	6.75%
WICHITA, KS (FHA\|USDA\|VA)	2	$110,000	$55,000	$0	9.12%
ASHEVILLE, NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	9.88%
GREENVILLE, NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	9.38%
Cordele, GA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	11.25%
Fremont, OH (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	9.75%
Jennings, LA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	9.50%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	11.50%
ALBANY-LEBANON, OR (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	12.50%
FARMINGTON, NM (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	9.50%
RACINE, WI (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	12.06%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	10.00%
Silver City, NM (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	10.88%
BAKERSFIELD, CA (FHA\|USDA\|VA)	2	$90,000	$45,000	$0	12.00%
ROCKY MOUNT, NC (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	12.50%
LIMA, OH (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	10.13%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	12.00%
BISMARCK, ND (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	9.25%
BILLINGS, MT (FHA\|USDA\|VA)	2	$80,000	$40,000	$0	10.50%
Sandpoint, ID (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	8.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	9.25%
Wisconsin Rapids-Marshfield, WI (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	12.00%
Truckee-Grass Valley, CA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	10.63%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	8.50%
North Wilkesboro, NC (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	10.38%
MORGANTOWN, WV (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	12.00%
Bellefontaine, OH (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	9.99%
Tupelo, MS (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	9.75%
CHARLESTON, WV (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	8.00%
CARSON CITY, NV (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	9.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	12.50%
Keene, NH (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	9.75%
Freeport, IL (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	11.25%
MONTGOMERY, AL (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	11.38%
Richmond-Berea, KY (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	11.50%
SYRACUSE, NY (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	11.00%
TERRE HAUTE, IN (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	8.75%
Morehead City, NC (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	11.13%
Coshocton, OH (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	10.50%
OWENSBORO, KY (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	10.88%
CHARLOTTESVILLE, VA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	8.75%
Bedford, IN (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	9.50%
BECKLEY, WV (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	10.50%
Sanford, NC (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	14.50%
YUBA CITY, CA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	9.50%
McMinnville, TN (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	7.75%
Pottsville, PA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	11.50%
Oak Harbor, WA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	14.63%
READING, PA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	12.25%
WHEELING, WV-OH (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	9.88%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	11.00%
VINELAND-BRIDGETON, NJ (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	14.63%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	13.00%
YORK-HANOVER, PA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	11.13%
Kirksville, MO (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	13.25%
LAKE CHARLES, LA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	11.13%
Williston, ND (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	15.00%
Bartlesville, OK (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	10.63%
COLUMBIA, MO (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	8.75%
GAINESVILLE, GA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	9.00%
FORT WAYNE, IN (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	10.75%

Quorum Federal Credit Union's top markets include Los Angeles, New York, Phoenix, San Francisco, and San Diego among others.

Their top states include:

California (FHA|USDA|VA)

New York (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Washington (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.

First Savings Bank of Hegewisch
Similarity Rank: 36

Columbia Bank
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Liberty Bank for Savings
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N C P D Federal Credit Union
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BNB Bank
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ISLAND
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FINANCIAL PLUS
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PCSB Bank
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Bogota Savings Bank
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Nassau Educators Federal Credit Union
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	2,927	$523,625,000	$178,895	n/a	10.16%
Conventional	51	$9,225,000	$180,882	$3,877	7.98%

For 2024, Quorum Federal Credit Union's most frequently originated type of loan was HELOC, with 2,927 originations. Their 2nd most popular type was Conventional, with 51 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	2,610	$454,930,000	$174,303	$3,873	10.16%
Refi	261	$57,605,000	$220,709	$2,272	9.97%
Home Purchase	91	$17,365,000	$190,824	$4,213	9.59%
Home Improvement	16	$2,950,000	$184,375	$0	9.49%

For 2024, Quorum Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 2,610 originations. The 2nd most popular reason was Refi, with 261 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	2,851	$515,465,000	$180,801	$3,970	10.06%
15 Year	95	$13,035,000	$137,211	$3,911	12.44%
20 Year	31	$4,185,000	$135,000	$3,805	8.46%
10 Year	1	$165,000	$165,000	$4,518	6.38%

For 2024, Quorum Federal Credit Union's most frequently cited loan duration was 30 Year, with 2,851 originations. The 2nd most popular length was 15 Year, with 95 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	13	$1,225,000	$94,231
$2k-3k	13	$1,595,000	$122,692
$<1k	9	$2,925,000	$325,000
$3k-4k	6	$890,000	$148,333
$4k-5k	5	$1,065,000	$213,000
$5k+	4	$1,270,000	$317,500

Quorum Federal Credit Union's average total fees were $3,970, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
Over 8%	2,835	$497,745,000	$175,571
7-8%	123	$30,015,000	$244,024
6-7%	18	$4,340,000	$241,111
5-6%	2	$750,000	$375,000

During 2024, Quorum Federal Credit Union's average interest rate for loans was 10.06%, while their most frequently originated rate bucket for loans was Over 8%, with 2,835 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	1,048	$141,600,000	$135,115	$3,699	10.15%
$100,000 or less	976	$62,030,000	$63,555	$2,583	10.69%
$200k-400k	676	$181,860,000	$269,024	$5,357	9.66%
$400k-600k	223	$105,775,000	$474,327	$7,646	9.13%
$600k-1MM	52	$37,670,000	$724,423	$2,109	9.14%
$1MM+	3	$3,915,000	$1,305,000	$0	10.17%

2024 saw Quorum Federal Credit Union place emphasis on $100k-200k loans with 1,048 originations, totaling $141,600,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	923	$267,385,000	$289,691	$5,803	9.88%
$150k-250k	904	$151,380,000	$167,456	$4,015	10.22%
$100k-150k	665	$74,305,000	$111,737	$2,707	10.34%
$75k-100k	266	$23,350,000	$87,782	$2,839	10.13%
$50k-75k	181	$13,865,000	$76,602	$2,563	10.08%
$50k or less	38	$2,240,000	$58,947	$3,043	10.01%

Quorum Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 923 originations. The second most popular income band? $150k-250k, with 904 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	578	$99,740,000	$172,561	$3,106	10.20%
20-30%	522	$101,270,000	$194,004	$4,436	9.93%
42%	322	$46,660,000	$144,907	$3,447	10.89%
44%	303	$53,635,000	$177,013	$0	9.60%
<20%	188	$44,300,000	$235,638	$3,222	9.23%
40%	171	$30,645,000	$179,211	$3,578	10.11%
41%	164	$29,200,000	$178,049	$1,968	10.58%
43%	157	$25,325,000	$161,306	$3,809	9.97%
39%	142	$23,850,000	$167,958	$3,303	10.44%
37%	140	$24,040,000	$171,714	$3,890	10.47%
38%	120	$21,010,000	$175,083	$2,869	10.29%
36%	115	$20,085,000	$174,652	$6,289	10.14%
45%	29	$7,135,000	$246,034	$2,109	9.31%
46%	9	$1,395,000	$155,000	$2,843	9.33%
49%	7	$1,555,000	$222,143	$0	9.73%
48%	5	$2,035,000	$407,000	$4,261	9.98%
47%	4	$620,000	$155,000	$0	9.50%
50-60%	2	$350,000	$175,000	$0	9.88%

Quorum Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 578 originations. The next most common DTI ratio? 20-30%, with 522 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	2,063	$366,335,000	$177,574	$3,647	10.07%
Not provided	635	$120,935,000	$190,449	$4,463	10.09%
Asian	115	$24,725,000	$215,000	$0	10.07%
Black	134	$16,330,000	$121,866	$3,934	10.90%
American Indian	24	$3,360,000	$140,000	$0	11.06%
Native Hawaiian or Islander	7	$1,165,000	$166,429	$0	10.59%

Approval Rates

Total approvals of all applications
69.93%

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
66.99%

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	2,978	$532,850,000	$178,929

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	2,978	$532,850,000	$178,929

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	1,156	$250,690,000	$216,860	$4,219	10.02%
40-60%	191	$58,885,000	$308,298	$4,119	9.66%
60-80%	59	$21,035,000	$356,525	$4,971	9.42%
80-100%	15	$4,945,000	$329,667	$4,261	9.73%
Under 20%	1,557	$197,295,000	$126,715	$3,170	10.28%