On Q Financial Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
On Q Financial is a smaller mortgage company specializing in Home Purchase loans. On Q Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Greenville, Seattle, Denver, and Seneca among others. We have data for 177 markets. (Some data included below & more in-depth data is available with an active subscription.)On Q Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. On Q Financial 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 about average 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 12/10/23 |
| 30 Year Conventional Refi | 6.66% | 12/10/23 |
| 30 Year Cash-out Refi | 6.93% | 12/10/23 |
| 30 Year FHA Purchase | 7.96% | 12/10/23 |
| 30 Year FHA Refi | 7.31% | 12/10/23 |
| 30 Year VA Purchase | 6.77% | 12/10/23 |
| 30 Year VA Refi | 5.86% | 12/10/23 |
| 30 Year USDA Purchase | 7.26% | 12/10/23 |
| 30 Year USDA Refi | 6.27% | 12/10/23 |
| 15 Year Conventional Purchase | 6.11% | 12/10/23 |
| 15 Year Conventional Refi | 6.11% | 12/10/23 |
| 15 Year Cash-out Refi | 6.11% | 12/10/23 |
| 15 Year FHA Refi | 7.26% | 12/10/23 |
| 15 Year VA Purchase | 5.68% | 12/10/23 |
| 15 Year VA Refi | 5.68% | 12/10/23 |
| 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. | ||
On Q Financial Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from On Q Financial. 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
2,925Origination Dollar Volume (All Markets)
$943,235,000Awards
ON Q FINANCIAL - 2022
ON Q FINANCIAL is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
On Q Financial's average 30 year fixed mortgage rate was
5.12%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.36%.
Relative Fees (Closing Costs)
On Q Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,063.
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 $4,750.
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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 686 | $261,190,000 | $380,743 | $7,585 | 4.79% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 606 | $137,750,000 | $227,310 | $6,035 | 5.20% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 166 | $111,420,000 | $671,205 | $9,648 | 4.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 73 | $47,535,000 | $651,164 | $6,000 | 5.00% |
| Seneca, SC (FHA|USDA|VA) | 197 | $42,255,000 | $214,492 | $5,581 | 5.45% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 87 | $29,765,000 | $342,126 | $7,194 | 4.56% |
| Outside of Metro Areas | 110 | $26,230,000 | $238,455 | $6,269 | 5.15% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 92 | $23,300,000 | $253,261 | $5,083 | 5.60% |
| SPARTANBURG, SC (FHA|USDA|VA) | 88 | $19,990,000 | $227,159 | $6,321 | 5.27% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 69 | $18,505,000 | $268,188 | $7,503 | 5.44% |
| RENO, NV (FHA|USDA|VA) | 30 | $12,980,000 | $432,667 | $6,840 | 5.09% |
| WILMINGTON, NC (FHA|USDA|VA) | 38 | $12,070,000 | $317,632 | $6,392 | 4.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 25 | $10,065,000 | $402,600 | $12,910 | 6.29% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 38 | $9,870,000 | $259,737 | $7,564 | 6.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 26 | $8,570,000 | $329,615 | $7,715 | 4.80% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 28 | $7,980,000 | $285,000 | $7,277 | 5.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 23 | $7,555,000 | $328,478 | $8,431 | 5.55% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 24 | $6,780,000 | $282,500 | $8,210 | 6.58% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 26 | $6,390,000 | $245,769 | $7,336 | 4.37% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 27 | $5,975,000 | $221,296 | $8,508 | 4.66% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 27 | $5,885,000 | $217,963 | $6,734 | 5.16% |
| Shelby, NC (FHA|USDA|VA) | 17 | $4,525,000 | $266,176 | $9,923 | 6.59% |
| DOVER, DE (FHA|USDA|VA) | 14 | $4,240,000 | $302,857 | $7,310 | 4.93% |
| Fernley, NV (FHA|USDA|VA) | 11 | $3,645,000 | $331,364 | $13,829 | 6.08% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 18 | $3,430,000 | $190,556 | $6,256 | 5.48% |
| TUCSON, AZ (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $7,123 | 5.61% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,235,000 | $647,000 | $11,338 | 3.78% |
| COLUMBIA, MO (FHA|USDA|VA) | 13 | $3,115,000 | $239,615 | $6,292 | 4.93% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $2,985,000 | $331,667 | $4,780 | 4.71% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $2,865,000 | $318,333 | $8,362 | 5.25% |
| BEND, OR (FHA|USDA|VA) | 4 | $2,780,000 | $695,000 | $8,149 | 4.44% |
| GREENVILLE, NC (FHA|USDA|VA) | 11 | $2,725,000 | $247,727 | $7,272 | 4.87% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $9,136 | 5.37% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 5 | $2,375,000 | $475,000 | $12,678 | 5.95% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $9,015 | 5.79% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $8,665 | 4.04% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $7,220 | 5.17% |
| Show Low, AZ (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $6,222 | 4.45% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $6,475 | 4.55% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,870,000 | $467,500 | $9,281 | 4.22% |
| Oak Harbor, WA (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $9,951 | 4.58% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $14,206 | 6.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $15,969 | 3.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $8,883 | 4.67% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $5,269 | 4.94% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,555,000 | $518,333 | $6,141 | 4.92% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $8,281 | 5.03% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $9,961 | 4.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $8,046 | 4.75% |
| Greenwood, SC (FHA|USDA|VA) | 9 | $1,345,000 | $149,444 | $5,136 | 5.55% |
| Gaffney, SC (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $9,826 | 6.67% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 9 | $1,295,000 | $143,889 | $5,469 | 5.71% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $5,545 | 4.02% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $6,769 | 4.50% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $9,377 | 5.54% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $8,952 | 5.58% |
| Payson, AZ (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $10,976 | 5.44% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $6,802 | 6.66% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $17,816 | 6.13% |
| Port Angeles, WA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $6,971 | 6.37% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $13,203 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $11,730 | 5.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $11,088 | 6.46% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $5,826 | 3.25% |
| Branson, MO (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $4,935 | 4.28% |
| Moses Lake, WA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $7,060 | 5.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $7,862 | 4.29% |
| Shelton, WA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $10,473 | 6.71% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $13,246 | 7.54% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $11,253 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $6,643 | 6.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $7,279 | 5.90% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $6,359 | 4.68% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $5,879 | 5.33% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $7,631 | 5.83% |
| Fallon, NV (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $11,363 | 6.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $31,960 | 6.19% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,638 | 4.88% |
| Moscow, ID (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $8,261 | 5.75% |
| Toccoa, GA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $5,003 | 4.83% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $3,314 | 6.75% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,568 | 4.31% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $9,481 | 3.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $14,028 | 6.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,532 | 5.44% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,104 | 3.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $10,819 | 5.25% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $18,914 | 5.56% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $8,588 | 4.99% |
| TYLER, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,740 | 4.56% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $14,693 | 4.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,695 | 4.81% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,839 | 6.49% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $731 | 6.25% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,434 | 5.25% |
| Andrews, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $7,491 | 3.49% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,962 | 5.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $8,068 | 5.81% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,635 | 5.62% |
| Mexico, MO (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,685 | 5.29% |
| Union, SC (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $5,808 | 5.37% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $15,706 | 6.50% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,357 | 6.44% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,035 | 4.13% |
| Edwards, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,614 | 3.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $17,333 | 6.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,898 | 4.38% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,714 | 2.88% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $9,043 | 4.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,905 | 4.62% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.13% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $20,771 | 5.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,717 | 4.06% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,116 | 2.38% |
| Dublin, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,500 | 6.88% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,335 | 6.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,538 | 3.25% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,289 | 6.75% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,283 | 7.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,726 | 8.50% |
| Newport, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $728 | 6.00% |
| Prineville, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,799 | 3.50% |
| Tifton, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,904 | 5.75% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,501 | 4.42% |
| Wilson, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,674 | 3.38% |
| Jesup, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,786 | 4.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,142 | 6.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,549 | 6.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $19,159 | 5.75% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,828 | 3.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 6.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.75% |
| Kinston, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,740 | 5.88% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,226 | 5.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,016 | 5.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,788 | 2.99% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,269 | 2.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,128 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,866 | 5.38% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,389 | 6.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,313 | 8.25% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,467 | 5.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,229 | 4.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,066 | 3.49% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,251 | 3.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.63% |
| Torrington, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,840 | 6.99% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,683 | 3.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,015 | 6.99% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,033 | 3.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,784 | 4.99% |
| Centralia, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,539 | 6.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,274 | 6.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,419 | 4.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,764 | 3.13% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,676 | 6.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,329 | 6.50% |
| Taos, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,903 | 2.50% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,218 | 6.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,069 | 3.75% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,126 | 5.25% |
| Newberry, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,864 | 3.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,388 | 5.75% |
| DALTON, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,293 | 3.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,184 | 3.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,486 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,765 | 7.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,956 | 4.50% |
| Wooster, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,151 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,281 | 5.88% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 8.38% |
| Guymon, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,640 | 2.49% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,728 | 3.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,706 | 6.50% |
| Borger, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,323 | 3.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,739 | 4.99% |
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We use machine learning to identify the top lenders compared against ON Q FINANCIAL 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
For 2022, On Q Financial's most frequently originated type of loan was Conventional, with 2,092 originations. Their 2nd most popular type was FHA, with 561 originations.
Loan Reason
For 2022, On Q Financial's most frequently cited loan purpose was Home Purchase, with 2,396 originations. The 2nd most popular reason was Cash Out Refi, with 347 originations.
Loan Duration/Length
For 2022, On Q Financial's most frequently cited loan duration was 30 Year, with 2,649 originations. The 2nd most popular length was 15 Year, with 127 originations.
Origination Fees/Closing Costs
On Q Financial's average total fees were $7,063, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,314 originations.
Interest Rates
During 2022, On Q Financial's average interest rate for loans was 5.12%, while their most frequently originated rate bucket for loans was 5-6%, with 790 originations.
Loan Sizing
2022 saw On Q Financial place emphasis on $200k-400k loans with 1,364 originations, totaling $391,800,000 in origination value.
Applicant Income
On Q Financial lent most frequently to those with incomes in the $50k-75k range, with 694 originations. The second most popular income band? $100k-150k, with 614 originations.
Applicant Debt to Income Ratio
On Q Financial lent most frequently to those with DTI ratios of 20-30%, with 459 originations. The next most common DTI ratio? 30-36%, with 442 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.89%
On Q Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.81%
On Q Financial 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 | 2,925 | $943,235,000 | $322,474 |