Quorum Federal Credit Union Mortgage Rates, Fees & Info

Harrison, NY

LEI: 549300Q50XCC0473FG63

Tax ID: 13-1517541

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Quorum Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Quorum Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, San Francisco, Phoenix, and Chicago among others. We have data for 174 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quorum Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Quorum Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	8.22%	12/16/24
30 Year Conventional Purchase	6.78%	12/16/24
30 Year Conventional Refi	6.30%	12/16/24
30 Year Cash-out Refi	7.65%	12/16/24
15 Year Conventional Purchase	5.97%	12/16/24
15 Year Conventional Refi	5.63%	12/16/24
15 Year Cash-out Refi	5.63%	12/16/24
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

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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

1,694

Origination Dollar Volume (All Markets)

$239,560,000

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
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	151	$31,195,000	$206,589	$5,223	6.30%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	192	$28,800,000	$150,000	$10,760	6.93%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	84	$14,560,000	$173,333	$2,075	6.91%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	99	$12,905,000	$130,354	$4,942	7.30%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	80	$10,880,000	$136,000	$5,025	6.59%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	57	$9,715,000	$170,439	$0	7.15%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	79	$8,245,000	$104,367	$5,157	7.24%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	46	$6,430,000	$139,783	$3,302	6.98%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	65	$6,235,000	$95,923	$4,011	6.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	44	$5,850,000	$132,955	$2,959	7.14%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	33	$5,025,000	$152,273	$5,088	6.50%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	31	$4,755,000	$153,387	$0	6.74%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	44	$4,710,000	$107,045	$0	7.02%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	23	$4,275,000	$185,870	$0	7.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	35	$4,065,000	$116,143	$3,009	6.80%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	23	$3,875,000	$168,478	$3,038	7.11%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	34	$3,480,000	$102,353	$0	7.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	19	$3,355,000	$176,579	$3,362	7.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	20	$3,000,000	$150,000	$4,691	7.04%
Outside of Metro Areas	18	$2,800,000	$155,556	$3,657	6.36%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	17	$2,655,000	$156,176	$0	7.18%
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	14	$2,120,000	$151,429	$0	6.61%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	13	$2,035,000	$156,538	$1,843	6.90%
BOULDER, CO (FHA\|USDA\|VA)	1	$1,995,000	$1,995,000	$6,990	5.13%
VALLEJO, CA (FHA\|USDA\|VA)	19	$1,975,000	$103,947	$0	6.93%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	13	$1,855,000	$142,692	$6,576	7.22%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	11	$1,765,000	$160,455	$0	6.75%
PROVO-OREM, UT (FHA\|USDA\|VA)	15	$1,605,000	$107,000	$0	7.61%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	7	$1,605,000	$229,286	$5,416	7.19%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	14	$1,530,000	$109,286	$4,355	6.64%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	8	$1,440,000	$180,000	$6,098	5.52%
WORCESTER, MA-CT (FHA\|USDA\|VA)	15	$1,415,000	$94,333	$0	7.41%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	15	$1,405,000	$93,667	$0	7.52%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$1,380,000	$690,000	$6,346	4.94%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	15	$1,365,000	$91,000	$3,701	7.33%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	11	$1,225,000	$111,364	$4,139	6.76%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	7	$1,155,000	$165,000	$0	6.91%
RICHMOND, VA (FHA\|USDA\|VA)	3	$1,085,000	$361,667	$5,005	7.66%
COLUMBUS, OH (FHA\|USDA\|VA)	11	$1,005,000	$91,364	$0	6.93%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	11	$1,005,000	$91,364	$0	7.01%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	9	$905,000	$100,556	$0	7.55%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	7	$905,000	$129,286	$0	7.12%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	6	$840,000	$140,000	$0	6.32%
STOCKTON, CA (FHA\|USDA\|VA)	10	$820,000	$82,000	$0	7.65%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	6	$820,000	$136,667	$0	7.08%
BEND, OR (FHA\|USDA\|VA)	7	$795,000	$113,571	$0	6.50%
RENO, NV (FHA\|USDA\|VA)	6	$780,000	$130,000	$0	7.12%
JACKSONVILLE, FL (FHA\|USDA\|VA)	8	$770,000	$96,250	$0	7.56%
FRESNO, CA (FHA\|USDA\|VA)	7	$755,000	$107,857	$0	6.86%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	5	$715,000	$143,000	$0	7.96%
Gardnerville Ranchos, NV (FHA\|USDA\|VA)	2	$710,000	$355,000	$3,757	5.38%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	3	$665,000	$221,667	$4,013	5.92%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	5	$665,000	$133,000	$0	7.70%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	5	$635,000	$127,000	$2,752	6.73%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	4	$620,000	$155,000	$10,170	7.26%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	4	$560,000	$140,000	$4,743	5.72%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$550,000	$275,000	$0	7.00%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	4	$540,000	$135,000	$3,409	4.47%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	6	$520,000	$86,667	$0	7.23%
Bozeman, MT (FHA\|USDA\|VA)	2	$500,000	$250,000	$0	7.58%
Heber, UT (FHA\|USDA\|VA)	3	$495,000	$165,000	$0	6.95%
KAHULUI-WAILUKU-LAHAINA, HI (FHA\|USDA\|VA)	2	$480,000	$240,000	$7,811	5.35%
MODESTO, CA (FHA\|USDA\|VA)	2	$470,000	$235,000	$0	5.93%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	2	$430,000	$215,000	$5,708	6.38%
Torrington, CT (FHA\|USDA\|VA)	2	$430,000	$215,000	$0	6.35%
SALISBURY, MD-DE (FHA\|USDA\|VA)	5	$415,000	$83,000	$2,566	6.36%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	2	$400,000	$200,000	$3,535	3.94%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	3	$395,000	$131,667	$0	8.13%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	4	$390,000	$97,500	$2,898	6.09%
BOISE CITY, ID (FHA\|USDA\|VA)	5	$365,000	$73,000	$0	7.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	5	$365,000	$73,000	$0	6.77%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	3	$355,000	$118,333	$2,631	6.72%
Pinehurst-Southern Pines, NC (FHA\|USDA\|VA)	1	$355,000	$355,000	$3,250	3.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	2	$320,000	$160,000	$0	6.10%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	4	$310,000	$77,500	$0	7.54%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	4	$310,000	$77,500	$0	7.01%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,714	5.38%
CHICO, CA (FHA\|USDA\|VA)	2	$300,000	$150,000	$0	6.30%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	2	$300,000	$150,000	$0	8.20%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	2	$290,000	$145,000	$0	7.18%
TUCSON, AZ (FHA\|USDA\|VA)	3	$285,000	$95,000	$0	7.00%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	5	$285,000	$57,000	$0	7.37%
MEDFORD, OR (FHA\|USDA\|VA)	2	$260,000	$130,000	$0	6.93%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	2	$260,000	$130,000	$2,157	4.06%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$250,000	$125,000	$0	6.50%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	1	$245,000	$245,000	$4,241	3.75%
Rexburg, ID (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	6.50%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	4.99%
KENNEWICK-RICHLAND, WA (FHA\|USDA\|VA)	4	$240,000	$60,000	$0	7.13%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	6.85%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	3	$235,000	$78,333	$0	8.27%
Mason City, IA (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,464	4.25%
GREEN BAY, WI (FHA\|USDA\|VA)	7	$235,000	$33,571	$0	6.79%
SALINAS, CA (FHA\|USDA\|VA)	2	$230,000	$115,000	$0	6.40%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	8.65%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,454	3.88%
Concord, NH (FHA\|USDA\|VA)	2	$220,000	$110,000	$0	8.20%
READING, PA (FHA\|USDA\|VA)	2	$220,000	$110,000	$4,164	6.08%
SANTA FE, NM (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	6.18%
SAVANNAH, GA (FHA\|USDA\|VA)	3	$205,000	$68,333	$0	6.92%
Wisconsin Rapids-Marshfield, WI (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,498	3.63%
TWIN FALLS, ID (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	8.40%
LANCASTER, PA (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	7.50%
JACKSON, MS (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	7.50%
Show Low, AZ (FHA\|USDA\|VA)	2	$180,000	$90,000	$0	8.20%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	2	$180,000	$90,000	$0	7.10%
BAKERSFIELD, CA (FHA\|USDA\|VA)	4	$180,000	$45,000	$0	8.20%
Ellensburg, WA (FHA\|USDA\|VA)	2	$180,000	$90,000	$0	7.83%
URBAN HONOLULU, HI (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	6.45%
GREELEY, CO (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	7.00%
NAPA, CA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	6.45%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	6.35%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	6.60%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,143	4.13%
SPOKANE-SPOKANE VALLEY, WA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	7.50%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	7.00%
OCEAN CITY, NJ (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	6.35%
KNOXVILLE, TN (FHA\|USDA\|VA)	2	$140,000	$70,000	$3,227	6.39%
TUSCALOOSA, AL (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	7.25%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	7.50%
Truckee-Grass Valley, CA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	7.20%
WENATCHEE, WA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	8.65%
ELMIRA, NY (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,854	3.50%
LOGAN, UT-ID (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	6.45%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	6.45%
Hood River, OR (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	7.50%
NILES, MI (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,390	4.13%
SPARTANBURG, SC (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	7.75%
FORT COLLINS, CO (FHA\|USDA\|VA)	2	$110,000	$55,000	$0	7.05%
MICHIGAN CITY-LA PORTE, IN (FHA\|USDA\|VA)	2	$110,000	$55,000	$0	8.33%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	7.25%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	5.50%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	8.08%
OCALA, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.25%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.25%
SALEM, OR (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.45%
Oneonta, NY (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.70%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.45%
HICKORY-LENOIR-MORGANTON, NC (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	7.65%
LONGVIEW, WA (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.45%
Lebanon, NH-VT (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.70%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.50%
MOBILE, AL (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	7.25%
ROCHESTER, NY (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	7.25%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	8.65%
BURLINGTON, NC (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	6.70%
Dickinson, ND (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	8.65%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	7.65%
Watertown, SD (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	7.75%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	7.75%
LEBANON, PA (FHA\|USDA\|VA)	1	$75,000	$75,000	$2,776	3.13%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	7.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	7.50%
Roseburg, OR (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	8.65%
BINGHAMTON, NY (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	8.65%
GREAT FALLS, MT (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	6.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	7.75%
ST. GEORGE, UT (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.45%
WINCHESTER, VA-WV (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	8.90%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	5.00%
MERCED, CA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	7.40%
MADISON, WI (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	8.90%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	8.65%
Red Bluff, CA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	5.60%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	4.75%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	6.35%
VISALIA, CA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	6.45%
WILMINGTON, NC (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	7.65%
Selma, AL (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	8.65%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	7.40%
NORWICH-NEW LONDON, CT (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	7.25%
Spirit Lake, IA (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	7.15%
LAKE CHARLES, LA (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	7.65%
Kennett, MO (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	8.00%

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

Their top states include:

California (FHA|USDA|VA)

New York (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Florida (FHA|USDA|VA)

New Jersey (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.

UNITED
Similarity Rank: 28

N C P D Federal Credit Union
Similarity Rank: 55

Bogota Savings Bank
Similarity Rank: 63

Union County Savings Bank
Similarity Rank: 66

GARDEN SAVINGS FEDERAL CREDIT UNION
Similarity Rank: 80

Liberty Bank for Savings
Similarity Rank: 104

The Atlantic Federal Credit Union
Similarity Rank: 120

Freehold Savings Bank
Similarity Rank: 120

Blue Foundry Bank
Similarity Rank: 125

Investors Home Mortgage-IHM
Similarity Rank: 156

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	1,581	$200,435,000	$126,777	n/a	7.10%
Conventional	113	$39,125,000	$346,239	$4,617	4.19%

For 2018, Quorum Federal Credit Union's most frequently originated type of loan was HELOC, with 1,581 originations. Their 2nd most popular type was Conventional, with 113 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	976	$141,500,000	$144,980	$4,735	7.01%
Cash Out Refi	364	$47,760,000	$131,209	$4,839	6.67%
Refi	354	$50,300,000	$142,090	$3,072	6.87%

For 2018, Quorum Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 976 originations. The 2nd most popular reason was Cash Out Refi, with 364 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,579	$222,535,000	$140,934	$5,262	7.01%
30+ year	61	$5,345,000	$87,623	$0	6.33%
15 Year	43	$9,165,000	$213,140	$3,537	4.43%
20 Year	9	$2,195,000	$243,889	$4,642	4.00%
10 Year	1	$205,000	$205,000	$2,752	3.38%
Other	1	$115,000	$115,000	$2,554	3.63%

For 2018, Quorum Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,579 originations. The 2nd most popular length was 30+ year, with 61 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	59	$23,495,000	$398,220
$1k-2k	23	$4,725,000	$205,435
$2k-3k	12	$4,620,000	$385,000
$5k+	11	$3,875,000	$352,273
$3k-4k	4	$860,000	$215,000
$4k-5k	3	$955,000	$318,333

Quorum Federal Credit Union's average total fees were $5,262, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 59 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
7-8%	660	$77,530,000	$117,470
6-7%	630	$83,970,000	$133,286
Over 8%	162	$17,400,000	$107,407
5-6%	128	$26,630,000	$208,047
4-5%	67	$22,715,000	$339,030
3-4%	47	$11,315,000	$240,745

During 2018, Quorum Federal Credit Union's average interest rate for loans was 7.01%, while their most frequently originated rate bucket for loans was 7-8%, with 660 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	803	$51,555,000	$64,203	$2,605	7.16%
$100k-200k	564	$79,690,000	$141,294	$3,281	6.95%
$200k-400k	247	$64,505,000	$261,154	$4,761	6.30%
$400k-600k	63	$28,625,000	$454,365	$6,262	6.02%
$600k-1MM	14	$10,190,000	$727,857	$4,994	5.24%
$1MM+	3	$4,995,000	$1,665,000	$7,125	5.13%

2018 saw Quorum Federal Credit Union place emphasis on $100,000 or less loans with 803 originations, totaling $51,555,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	734	$95,770,000	$130,477	$4,646	7.02%
$250k+	489	$98,995,000	$202,444	$5,376	6.96%
$100k-150k	315	$33,105,000	$105,095	$4,501	6.68%
$75k-100k	89	$8,025,000	$90,169	$4,697	6.68%
$50k-75k	53	$3,075,000	$58,019	$3,726	6.70%
$50k or less	14	$590,000	$42,143	$2,696	6.05%

Quorum Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 734 originations. The second most popular income band? $250k+, with 489 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	393	$54,575,000	$138,868	$4,283	6.91%
20-30%	313	$47,565,000	$151,965	$4,452	6.71%
42%	155	$20,455,000	$131,968	$4,403	7.24%
41%	128	$16,200,000	$126,563	$5,492	7.21%
40%	112	$14,320,000	$127,857	$5,070	7.10%
43%	111	$13,525,000	$121,847	$4,013	6.91%
39%	110	$15,010,000	$136,455	$5,139	7.08%
38%	87	$12,685,000	$145,805	$3,551	6.79%
37%	81	$13,105,000	$161,790	$4,437	6.96%
36%	65	$7,985,000	$122,846	$4,285	7.02%
<20%	64	$10,620,000	$165,938	$4,288	6.57%
44%	31	$3,385,000	$109,194	$3,044	6.67%
46%	11	$2,545,000	$231,364	$5,344	5.88%
48%	10	$2,810,000	$281,000	$7,142	5.41%
45%	8	$1,440,000	$180,000	$6,065	6.08%
50-60%	8	$1,500,000	$187,500	$0	6.69%
47%	4	$1,210,000	$302,500	$5,291	4.40%
49%	2	$500,000	$250,000	$11,065	5.61%
>60%	1	$125,000	$125,000	$0	7.25%

Quorum Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 393 originations. The next most common DTI ratio? 20-30%, with 313 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,256	$172,630,000	$137,444	$4,515	6.93%
Not provided	261	$40,575,000	$155,460	$5,172	6.82%
Asian	102	$16,940,000	$166,078	$4,611	6.65%
Black	63	$7,245,000	$115,000	$2,626	7.13%
American Indian	7	$1,545,000	$220,714	$4,429	6.57%
Korean	1	$325,000	$325,000	$11,065	5.13%
Native Hawaiian or Islander	3	$245,000	$81,667	$0	8.02%
Chinese	1	$55,000	$55,000	$0	6.70%

Approval Rates

Total approvals of all applications
84.72%

Quorum Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
69.48%

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	1,694	$239,560,000	$141,417

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	1,694	$239,560,000	$141,417

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	423	$85,115,000	$201,217	$3,981	7.04%
40-60%	64	$19,730,000	$308,281	$4,182	5.18%
60-80%	50	$19,310,000	$386,200	$5,152	4.63%
80-100%	17	$5,775,000	$339,706	$4,988	4.44%
Under 20%	1,140	$109,630,000	$96,167	$2,385	7.09%