Quorum Federal Credit Union Mortgage Rates, Fees & Info
Harrison, NYLEI: 549300Q50XCC0473FG63
Tax ID: 13-1517541
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Mortgage 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.
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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
Your Estimates
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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
2,776Origination Dollar Volume (All Markets)
$415,320,000Top 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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications74.09%
Quorum Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination58.65%
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 |