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 Cash Out Refi and Home Purchase 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 Riverside among others. We have data for 227 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 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%	4/21/24
30 Year Conventional Purchase	6.78%	4/21/24
30 Year Conventional Refi	6.30%	4/21/24
30 Year Cash-out Refi	7.65%	4/21/24
15 Year Conventional Purchase	5.97%	4/21/24
15 Year Conventional Refi	5.63%	4/21/24
15 Year Cash-out Refi	5.63%	4/21/24
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

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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

2,776

Origination Dollar Volume (All Markets)

$415,320,000

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)	232	$45,480,000	$196,034	$4,194	5.45%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	241	$44,765,000	$185,747	$2,478	6.06%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	125	$22,815,000	$182,520	$2,249	5.94%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	163	$20,465,000	$125,552	$4,067	6.51%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	140	$16,050,000	$114,643	$0	6.62%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	102	$14,340,000	$140,588	$2,759	5.95%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	90	$14,190,000	$157,667	$0	5.83%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	140	$13,230,000	$94,500	$3,778	6.37%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	68	$11,560,000	$170,000	$3,987	5.90%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	78	$10,230,000	$131,154	$0	6.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	44	$9,940,000	$225,909	$3,320	5.02%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	68	$9,540,000	$140,294	$4,297	6.56%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	70	$9,270,000	$132,429	$3,115	6.26%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	62	$8,680,000	$140,000	$0	6.16%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	63	$8,555,000	$135,794	$0	6.11%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	42	$8,350,000	$198,810	$0	5.85%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	35	$8,285,000	$236,714	$4,728	5.78%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	60	$7,790,000	$129,833	$3,965	6.35%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	46	$5,980,000	$130,000	$0	6.23%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	38	$5,730,000	$150,789	$2,636	6.20%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	28	$4,840,000	$172,857	$0	6.28%
RENO, NV (FHA\|USDA\|VA)	29	$4,055,000	$139,828	$0	6.45%
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	24	$3,910,000	$162,917	$0	6.18%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	25	$3,655,000	$146,200	$3,075	6.35%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	22	$3,180,000	$144,545	$3,145	6.18%
Outside of Metro Areas	22	$2,760,000	$125,455	$5,058	6.30%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	17	$2,605,000	$153,235	$3,034	6.21%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	20	$2,580,000	$129,000	$0	6.11%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	23	$2,375,000	$103,261	$4,465	6.54%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	18	$2,340,000	$130,000	$2,872	6.00%
STOCKTON, CA (FHA\|USDA\|VA)	18	$2,330,000	$129,444	$0	6.59%
VALLEJO, CA (FHA\|USDA\|VA)	21	$2,245,000	$106,905	$0	6.45%
PROVO-OREM, UT (FHA\|USDA\|VA)	15	$1,845,000	$123,000	$0	6.35%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	9	$1,825,000	$202,778	$2,831	4.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	8	$1,760,000	$220,000	$2,729	6.81%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	10	$1,690,000	$169,000	$2,324	5.12%
JACKSONVILLE, FL (FHA\|USDA\|VA)	11	$1,615,000	$146,818	$0	6.80%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	12	$1,610,000	$134,167	$2,324	5.24%
FORT COLLINS, CO (FHA\|USDA\|VA)	10	$1,590,000	$159,000	$0	6.38%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	11	$1,545,000	$140,455	$0	5.84%
Heber, UT (FHA\|USDA\|VA)	6	$1,490,000	$248,333	$0	5.92%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	4	$1,430,000	$357,500	$2,559	4.64%
Truckee-Grass Valley, CA (FHA\|USDA\|VA)	8	$1,380,000	$172,500	$0	5.87%
ST. GEORGE, UT (FHA\|USDA\|VA)	4	$1,380,000	$345,000	$0	6.10%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	7	$1,355,000	$193,571	$0	6.06%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	7	$1,305,000	$186,429	$3,662	5.60%
GREELEY, CO (FHA\|USDA\|VA)	12	$1,280,000	$106,667	$0	6.41%
COLUMBUS, OH (FHA\|USDA\|VA)	10	$1,260,000	$126,000	$2,967	5.66%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	13	$1,185,000	$91,154	$0	6.56%
WORCESTER, MA-CT (FHA\|USDA\|VA)	8	$1,110,000	$138,750	$0	7.28%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	13	$1,085,000	$83,462	$0	7.04%
BOISE CITY, ID (FHA\|USDA\|VA)	10	$1,020,000	$102,000	$0	6.17%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$1,005,000	$1,005,000	$7,551	3.50%
NAPA, CA (FHA\|USDA\|VA)	9	$995,000	$110,556	$0	6.53%
FRESNO, CA (FHA\|USDA\|VA)	8	$970,000	$121,250	$0	6.54%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	6	$950,000	$158,333	$2,170	5.33%
BEND, OR (FHA\|USDA\|VA)	6	$940,000	$156,667	$0	5.78%
REDDING, CA (FHA\|USDA\|VA)	7	$915,000	$130,714	$0	6.29%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	10	$910,000	$91,000	$0	6.40%
NILES, MI (FHA\|USDA\|VA)	1	$905,000	$905,000	$0	4.65%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	6	$900,000	$150,000	$0	6.08%
LUBBOCK, TX (FHA\|USDA\|VA)	2	$880,000	$440,000	$0	5.88%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	9	$875,000	$97,222	$0	6.63%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	4	$870,000	$217,500	$0	5.99%
URBAN HONOLULU, HI (FHA\|USDA\|VA)	2	$850,000	$425,000	$4,040	5.08%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	9	$835,000	$92,778	$0	5.83%
BOULDER, CO (FHA\|USDA\|VA)	5	$835,000	$167,000	$0	6.74%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	6	$830,000	$138,333	$0	5.88%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	6	$830,000	$138,333	$0	6.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	5	$815,000	$163,000	$0	6.13%
MODESTO, CA (FHA\|USDA\|VA)	4	$740,000	$185,000	$2,298	5.34%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	5	$735,000	$147,000	$0	6.49%
CHICO, CA (FHA\|USDA\|VA)	5	$685,000	$137,000	$0	5.83%
BAKERSFIELD, CA (FHA\|USDA\|VA)	4	$660,000	$165,000	$0	6.71%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	6	$650,000	$108,333	$0	5.77%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	5	$645,000	$129,000	$0	6.75%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	2	$640,000	$320,000	$3,522	3.56%
SANTA FE, NM (FHA\|USDA\|VA)	5	$635,000	$127,000	$0	6.55%
SPOKANE-SPOKANE VALLEY, WA (FHA\|USDA\|VA)	2	$630,000	$315,000	$0	7.38%
SALINAS, CA (FHA\|USDA\|VA)	4	$630,000	$157,500	$0	6.34%
Steamboat Springs, CO (FHA\|USDA\|VA)	3	$625,000	$208,333	$0	5.63%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	8	$600,000	$75,000	$0	6.40%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$585,000	$585,000	$3,723	3.63%
Outside of Metro Areas	3	$545,000	$181,667	$0	5.58%
MADISON, WI (FHA\|USDA\|VA)	4	$530,000	$132,500	$2,341	5.03%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	5	$525,000	$105,000	$0	6.74%
NORWICH-NEW LONDON, CT (FHA\|USDA\|VA)	1	$515,000	$515,000	$2,516	2.50%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	4	$510,000	$127,500	$0	5.96%
Clarksburg, WV (FHA\|USDA\|VA)	1	$495,000	$495,000	$0	4.74%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	4	$490,000	$122,500	$0	5.78%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	3	$485,000	$161,667	$0	6.49%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	4	$480,000	$120,000	$0	5.88%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	6	$480,000	$80,000	$0	6.12%
MEDFORD, OR (FHA\|USDA\|VA)	2	$470,000	$235,000	$0	5.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	2	$470,000	$235,000	$0	6.88%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	3	$465,000	$155,000	$0	6.25%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	3	$465,000	$155,000	$0	6.62%
Vineyard Haven, MA (FHA\|USDA\|VA)	3	$445,000	$148,333	$0	4.63%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	5	$425,000	$85,000	$0	6.11%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	4	$420,000	$105,000	$0	5.90%
COLUMBIA, SC (FHA\|USDA\|VA)	2	$410,000	$205,000	$2,181	3.13%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	3	$405,000	$135,000	$1,668	5.28%
Gardnerville Ranchos, NV (FHA\|USDA\|VA)	3	$395,000	$131,667	$0	5.92%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$395,000	$395,000	$5,430	3.75%
WALLA WALLA, WA (FHA\|USDA\|VA)	1	$395,000	$395,000	$0	7.15%
SAVANNAH, GA (FHA\|USDA\|VA)	3	$395,000	$131,667	$0	6.95%
St. Marys, GA (FHA\|USDA\|VA)	1	$385,000	$385,000	$0	6.50%
SALEM, OR (FHA\|USDA\|VA)	4	$370,000	$92,500	$0	5.49%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	6	$360,000	$60,000	$0	6.36%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	3	$355,000	$118,333	$2,948	5.84%
GAINESVILLE, FL (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	6.13%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	6.50%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	4.18%
ALBANY-LEBANON, OR (FHA\|USDA\|VA)	3	$345,000	$115,000	$0	5.78%
MADERA, CA (FHA\|USDA\|VA)	3	$345,000	$115,000	$0	7.25%
PITTSBURGH, PA (FHA\|USDA\|VA)	5	$345,000	$69,000	$0	6.62%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$345,000	$345,000	$2,967	3.00%
RICHMOND, VA (FHA\|USDA\|VA)	5	$335,000	$67,000	$0	5.49%
BELLINGHAM, WA (FHA\|USDA\|VA)	3	$325,000	$108,333	$0	5.73%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	2	$320,000	$160,000	$0	6.13%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	3	$315,000	$105,000	$0	6.97%
TUCSON, AZ (FHA\|USDA\|VA)	4	$310,000	$77,500	$0	6.50%
Breckenridge, CO (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	4.85%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	3	$285,000	$95,000	$0	6.58%
Cookeville, TN (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	4.95%
KNOXVILLE, TN (FHA\|USDA\|VA)	3	$275,000	$91,667	$0	5.97%
WENATCHEE, WA (FHA\|USDA\|VA)	2	$270,000	$135,000	$0	5.25%
SALISBURY, MD-DE (FHA\|USDA\|VA)	3	$265,000	$88,333	$0	6.12%
Hilo, HI (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	6.75%
Fernley, NV (FHA\|USDA\|VA)	2	$250,000	$125,000	$0	6.58%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	3.95%
SPRINGFIELD, MA (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	6.23%
KAHULUI-WAILUKU-LAHAINA, HI (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	6.28%
OCEAN CITY, NJ (FHA\|USDA\|VA)	2	$230,000	$115,000	$0	5.43%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	3	$225,000	$75,000	$0	7.08%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,430	2.88%
LONGVIEW, WA (FHA\|USDA\|VA)	2	$220,000	$110,000	$0	6.88%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	6.50%
Hood River, OR (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	8.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$215,000	$215,000	$1,910	2.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	8.65%
Torrington, CT (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	6.90%
ROCHESTER, NY (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,494	2.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	6.50%
EUGENE-SPRINGFIELD, OR (FHA\|USDA\|VA)	3	$205,000	$68,333	$0	6.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,785	2.13%
ANCHORAGE, AK (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	7.25%
Traverse City, MI (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,961	3.38%
Bozeman, MT (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	5.30%
Kapaa, HI (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	5.23%
Augusta-Waterville, ME (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	5.75%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	3	$195,000	$65,000	$0	5.48%
DULUTH, MN-WI (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	6.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$180,000	$90,000	$0	7.38%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	5.25%
IDAHO FALLS, ID (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	5.75%
VISALIA, CA (FHA\|USDA\|VA)	2	$170,000	$85,000	$0	6.25%
WINCHESTER, VA-WV (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,180	3.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	5.50%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	2	$160,000	$80,000	$0	4.18%
Concord, NH (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	6.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	6.25%
Edwards, CO (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	5.24%
MOUNT VERNON-ANACORTES, WA (FHA\|USDA\|VA)	2	$150,000	$75,000	$0	6.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	2	$150,000	$75,000	$0	6.00%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	6.50%
TALLAHASSEE, FL (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	5.75%
Crescent City, CA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	4.25%
LAFAYETTE, LA (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	7.60%
YUBA CITY, CA (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	6.00%
Sandpoint, ID (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	6.20%
BLOOMINGTON, IN (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,207	2.75%
WILMINGTON, NC (FHA\|USDA\|VA)	2	$130,000	$65,000	$0	5.63%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$130,000	$65,000	$0	5.63%
Moscow, ID (FHA\|USDA\|VA)	2	$130,000	$65,000	$0	5.17%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	7.15%
Key West, FL (FHA\|USDA\|VA)	2	$120,000	$60,000	$0	7.31%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	1	$105,000	$105,000	$1,974	3.25%
Seneca, SC (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	5.00%
Newport, OR (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	6.25%
ASHEVILLE, NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	6.75%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,091	3.50%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	7.00%
SPARTANBURG, SC (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,655	2.75%
BATON ROUGE, LA (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	5.95%
Morehead City, NC (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	5.25%
Branson, MO (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	5.75%
VALDOSTA, GA (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	6.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	6.75%
Whitewater, WI (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,418	3.00%
CORVALLIS, OR (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	6.50%
DOVER, DE (FHA\|USDA\|VA)	3	$85,000	$28,333	$0	7.75%
Gloversville, NY (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	6.75%
EAU CLAIRE, WI (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	7.25%
FARMINGTON, NM (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	7.00%
GREAT FALLS, MT (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.00%
OCALA, FL (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	6.75%
ERIE, PA (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	6.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	6.25%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	6.75%
TWIN FALLS, ID (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	5.50%
Pottsville, PA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	7.50%
Enterprise, AL (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	7.75%
Ellensburg, WA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.90%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.25%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	6.38%
ANN ARBOR, MI (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	4.40%
Marquette, MI (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	4.24%
Cañon City, CO (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	4.60%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	6.75%
KANKAKEE, IL (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	6.00%
Susanville, CA (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	7.25%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	8.25%
Lebanon, NH-VT (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	7.15%
Port Angeles, WA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	7.50%
ANNISTON-OXFORD, AL (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	7.50%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	6.90%
LOGAN, UT-ID (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	6.25%
CHEYENNE, WY (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.50%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	8.00%
GREENVILLE, NC (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.50%
Rochelle, IL (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	8.15%
FORT WAYNE, IN (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.75%
Forest City, NC (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.60%
JACKSON, MS (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.20%
Sonora, CA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.60%
Salina, KS (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	8.45%

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

Their top states include:

California (FHA|USDA|VA)

New York (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Massachusetts (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.

The First National Bank of Long Island
Similarity Rank: 134

North Jersey Federal Credit Union
Similarity Rank: 247

Liberty Bank for Savings
Similarity Rank: 312

Glenview State Bank
Similarity Rank: 312

N C P D Federal Credit Union
Similarity Rank: 482

MOUNTAIN MORTGAGE CORP.
Similarity Rank: 538

CROWN MORTGAGE COMPANY
Similarity Rank: 627

AMERITRUST MORTGAGE CORPORATION
Similarity Rank: 648

ATLANTIS MORTGAGE CO., INC.
Similarity Rank: 668

TEG Federal Credit Union
Similarity Rank: 715

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	2,627	$365,245,000	$139,035	n/a	6.27%
Conventional	149	$50,075,000	$336,074	$3,430	3.12%

For 2020, Quorum Federal Credit Union's most frequently originated type of loan was HELOC, with 2,627 originations. Their 2nd most popular type was Conventional, with 149 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	1,275	$171,675,000	$134,647	$3,687	5.99%
Home Purchase	1,199	$190,315,000	$158,728	$4,334	6.45%
Refi	302	$53,330,000	$176,589	$2,951	5.16%

For 2020, Quorum Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,275 originations. The 2nd most popular reason was Home Purchase, with 1,199 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	2,640	$385,210,000	$145,913	$3,721	6.19%
15 Year	99	$20,135,000	$203,384	$3,304	4.47%
20 Year	18	$5,750,000	$319,444	$2,712	2.97%
30+ year	11	$1,205,000	$109,545	$0	5.96%
10 Year	4	$1,300,000	$325,000	$2,597	3.13%
5 Year	4	$1,720,000	$430,000	$0	5.50%

For 2020, Quorum Federal Credit Union's most frequently cited loan duration was 30 Year, with 2,640 originations. The 2nd most popular length was 15 Year, with 99 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	108	$36,540,000	$338,333
$1k-2k	21	$5,565,000	$265,000
$5k+	7	$2,675,000	$382,143
$2k-3k	6	$2,160,000	$360,000
$3k-4k	2	$510,000	$255,000

Quorum Federal Credit Union's average total fees were $3,721, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 108 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
6-7%	882	$117,860,000	$133,628
5-6%	752	$108,410,000	$144,162
7-8%	471	$62,175,000	$132,006
4-5%	356	$57,070,000	$160,309
Over 8%	127	$14,855,000	$116,969
3-4%	113	$33,925,000	$300,221
2.5-3%	54	$14,660,000	$271,481
<2.5%	21	$6,365,000	$303,095

During 2020, Quorum Federal Credit Union's average interest rate for loans was 6.19%, while their most frequently originated rate bucket for loans was 6-7%, with 882 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	1,240	$79,150,000	$63,831	$2,536	6.33%
$100k-200k	852	$121,900,000	$143,075	$2,612	6.20%
$200k-400k	551	$146,265,000	$265,454	$3,356	5.67%
$400k-600k	118	$55,110,000	$467,034	$3,722	5.22%
$600k-1MM	10	$7,130,000	$713,000	$6,273	4.51%
$1MM+	5	$5,765,000	$1,153,000	$5,959	3.65%

2020 saw Quorum Federal Credit Union place emphasis on $100,000 or less loans with 1,240 originations, totaling $79,150,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	1,072	$145,840,000	$136,045	$3,439	6.17%
$250k+	951	$199,295,000	$209,564	$4,244	6.16%
$100k-150k	465	$48,215,000	$103,688	$3,237	5.99%
$75k-100k	147	$11,465,000	$77,993	$3,270	5.89%
$50k-75k	100	$5,980,000	$59,800	$2,806	5.80%
$50k or less	36	$2,120,000	$58,889	$2,879	5.56%

Quorum Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 1,072 originations. The second most popular income band? $250k+, with 951 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	676	$105,260,000	$155,710	$3,257	5.86%
30-36%	617	$86,555,000	$140,284	$2,942	6.23%
42%	232	$32,120,000	$138,448	$4,714	6.27%
41%	180	$24,060,000	$133,667	$3,428	6.50%
39%	172	$24,040,000	$139,767	$3,294	6.25%
40%	151	$22,905,000	$151,689	$6,967	6.22%
38%	151	$20,155,000	$133,477	$2,829	6.24%
<20%	150	$27,670,000	$184,467	$2,954	5.45%
37%	145	$21,875,000	$150,862	$2,534	6.19%
36%	136	$21,290,000	$156,544	$3,842	6.34%
43%	62	$10,230,000	$165,000	$4,481	6.03%
44%	44	$7,580,000	$172,273	$3,038	5.22%
45%	15	$2,235,000	$149,000	$3,091	6.10%
46%	9	$1,175,000	$130,556	$8,378	5.53%
48%	8	$1,320,000	$165,000	$3,844	6.03%
49%	8	$1,750,000	$218,750	$0	6.33%
50-60%	7	$1,035,000	$147,857	$0	6.57%
47%	6	$920,000	$153,333	$4,297	5.73%
>60%	1	$365,000	$365,000	$0	5.75%

Quorum Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 676 originations. The next most common DTI ratio? 30-36%, with 617 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	2,010	$297,570,000	$148,045	$3,462	6.09%
Not provided	482	$76,110,000	$157,905	$3,343	6.07%
Asian	163	$23,475,000	$144,018	$3,301	6.02%
Black	94	$14,460,000	$153,830	$3,598	6.40%
Native Hawaiian or Islander	10	$1,320,000	$132,000	$0	6.67%
American Indian	9	$1,215,000	$135,000	$2,298	5.98%
Asian Indian	4	$530,000	$132,500	$0	6.00%
Other Asian	2	$370,000	$185,000	$0	5.29%
Filipino	1	$215,000	$215,000	$0	6.00%
Korean	1	$55,000	$55,000	$0	5.25%

Approval Rates

Total approvals of all applications
74.09%

Quorum Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
58.65%

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	2,776	$415,320,000	$149,611

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$2,170,000	$542,500
Single Family (1-4 Units):Site-Built	2,772	$413,150,000	$149,044

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	730	$159,680,000	$218,740	$3,694	6.34%
40-60%	89	$28,335,000	$318,371	$3,124	4.47%
60-80%	78	$27,560,000	$353,333	$3,462	3.55%
80-100%	23	$7,775,000	$338,043	$3,801	3.71%
Under 20%	1,856	$191,970,000	$103,432	$3,372	6.22%