On Q Financial Mortgage Rates, Fees & Info
TEMPE, AZLEI: 549300SVKVT1EF3U0N48
Tax ID: 51-0517525
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Mortgage Data
Overview
On Q Financial is a mid-sized mortgage company specializing in Refi and 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 include Phoenix, Seattle, Greenville, Portland, and Denver among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. On Q Financial is typically an average fee lendor.Originations
10,498Origination Dollar Volume (All Markets)
$3,015,710,000Awards
ON Q FINANCIAL - 2020
ON Q FINANCIAL is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Relative Rate
On Q Financial 's average 30 year fixed rate mortgage of loans were
3.38%.
The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.
This yields a difference of 0.02%.
Relative Fees
On Q Financial 's average total fees for a 30 year fixed rate
mortgage are $5,286.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2,655 | $776,715,000 | $292,548 | $5,124 | 3.33% |
| SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) | 841 | $397,185,000 | $472,277 | $5,418 | 3.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 948 | $187,110,000 | $197,373 | $4,671 | 3.34% |
| Outside of Metro Areas | 763 | $162,355,000 | $212,785 | $4,827 | 3.36% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 367 | $116,035,000 | $316,172 | $5,244 | 3.26% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 268 | $109,620,000 | $409,030 | $3,956 | 3.20% |
| WILMINGTON, NC (FHA|USDA|VA) | 434 | $103,810,000 | $239,194 | $4,282 | 3.13% |
| TACOMA-LAKEWOOD, WA (FHA|USDA|VA) | 241 | $92,435,000 | $383,548 | $5,829 | 3.36% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 355 | $86,515,000 | $243,704 | $6,144 | 3.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 314 | $83,340,000 | $265,414 | $5,626 | 3.27% |
| RENO, NV (FHA|USDA|VA) | 208 | $67,610,000 | $325,048 | $4,280 | 3.41% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) | 170 | $49,840,000 | $293,176 | $5,284 | 3.17% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 227 | $49,575,000 | $218,392 | $3,803 | 3.34% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 102 | $48,980,000 | $480,196 | $5,329 | 3.23% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 168 | $39,520,000 | $235,238 | $5,027 | 3.14% |
| DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) | 131 | $36,615,000 | $279,504 | $5,802 | 3.24% |
| PUEBLO, CO (FHA|USDA|VA) | 160 | $32,120,000 | $200,750 | $6,360 | 3.40% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 118 | $25,770,000 | $218,390 | $4,481 | 3.21% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 98 | $25,500,000 | $260,204 | $5,161 | 3.37% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 72 | $24,430,000 | $339,306 | $5,063 | 3.33% |
| SPARTANBURG, SC (FHA|USDA|VA) | 120 | $21,660,000 | $180,500 | $5,188 | 3.50% |
| DOVER, DE (FHA|USDA|VA) | 76 | $17,720,000 | $233,158 | $5,562 | 3.18% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 54 | $16,220,000 | $300,370 | $5,205 | 3.59% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 51 | $16,105,000 | $315,784 | $5,714 | 3.62% |
| VALLEJO, CA (FHA|USDA|VA) | 38 | $14,930,000 | $392,895 | $7,184 | 3.27% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 71 | $14,385,000 | $202,606 | $4,187 | 3.21% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 53 | $14,015,000 | $264,434 | $5,614 | 3.11% |
| WILMINGTON, DE-MD-NJ (FHA|USDA|VA) | 57 | $13,915,000 | $244,123 | $4,836 | 3.30% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 45 | $13,855,000 | $307,889 | $5,755 | 3.13% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 63 | $13,355,000 | $211,984 | $6,136 | 3.58% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 41 | $12,945,000 | $315,732 | $7,004 | 3.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 41 | $10,895,000 | $265,732 | $5,226 | 3.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 34 | $10,760,000 | $316,471 | $4,822 | 3.29% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 34 | $9,520,000 | $280,000 | $7,326 | 3.29% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 35 | $9,375,000 | $267,857 | $4,352 | 3.51% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 44 | $9,320,000 | $211,818 | $5,696 | 3.39% |
| OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) | 22 | $9,220,000 | $419,091 | $5,929 | 3.15% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 41 | $8,965,000 | $218,659 | $6,188 | 3.39% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 25 | $8,495,000 | $339,800 | $4,828 | 3.31% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) | 15 | $8,145,000 | $543,000 | $5,972 | 3.11% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 17 | $8,055,000 | $473,824 | $5,522 | 3.52% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 29 | $7,635,000 | $263,276 | $7,410 | 3.57% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 35 | $7,565,000 | $216,143 | $6,927 | 3.56% |
| GREENVILLE, NC (FHA|USDA|VA) | 37 | $7,405,000 | $200,135 | $5,028 | 3.34% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 19 | $7,265,000 | $382,368 | $6,026 | 3.18% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 14 | $7,210,000 | $515,000 | $4,348 | 3.15% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) | 19 | $6,565,000 | $345,526 | $4,131 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 25 | $6,515,000 | $260,600 | $4,531 | 3.27% |
| TUCSON, AZ (FHA|USDA|VA) | 27 | $6,485,000 | $240,185 | $4,605 | 3.20% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 20 | $6,350,000 | $317,500 | $5,883 | 3.33% |
| WENATCHEE, WA (FHA|USDA|VA) | 19 | $6,255,000 | $329,211 | $3,771 | 3.38% |
| COLUMBIA, MO (FHA|USDA|VA) | 32 | $5,790,000 | $180,938 | $3,872 | 3.41% |
| SALEM, OR (FHA|USDA|VA) | 19 | $5,415,000 | $285,000 | $5,608 | 3.25% |
| SALINAS, CA (FHA|USDA|VA) | 13 | $5,005,000 | $385,000 | $5,023 | 3.32% |
| BELLINGHAM, WA (FHA|USDA|VA) | 13 | $4,885,000 | $375,769 | $4,686 | 3.42% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 19 | $4,475,000 | $235,526 | $5,332 | 3.18% |
| CARSON CITY, NV (FHA|USDA|VA) | 15 | $4,395,000 | $293,000 | $6,170 | 3.35% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 15 | $4,245,000 | $283,000 | $10,414 | 3.16% |
| COEUR D'ALENE, ID (FHA|USDA|VA) | 10 | $4,190,000 | $419,000 | $11,190 | 3.53% |
| GAINESVILLE, GA (FHA|USDA|VA) | 15 | $4,185,000 | $279,000 | $7,189 | 2.98% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 18 | $3,740,000 | $207,778 | $4,466 | 3.00% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 14 | $3,730,000 | $266,429 | $5,483 | 3.24% |
| BOISE CITY, ID (FHA|USDA|VA) | 11 | $3,385,000 | $307,727 | $5,734 | 3.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 11 | $3,125,000 | $284,091 | $4,438 | 3.16% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $3,105,000 | $238,846 | $5,000 | 3.29% |
| MADERA, CA (FHA|USDA|VA) | 8 | $3,020,000 | $377,500 | $7,681 | 3.52% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 12 | $2,760,000 | $230,000 | $3,811 | 3.49% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 9 | $2,725,000 | $302,778 | $5,688 | 2.56% |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) | 4 | $2,680,000 | $670,000 | $7,457 | 3.53% |
| LONGVIEW, WA (FHA|USDA|VA) | 8 | $2,630,000 | $328,750 | $5,413 | 3.22% |
| ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) | 8 | $2,520,000 | $315,000 | $6,271 | 3.34% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $3,656 | 3.84% |
| CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) | 4 | $2,420,000 | $605,000 | $5,948 | 3.22% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 11 | $2,355,000 | $214,091 | $4,365 | 2.99% |
| YAKIMA, WA (FHA|USDA|VA) | 10 | $2,230,000 | $223,000 | $4,643 | 3.40% |
| PROVO-OREM, UT (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $6,678 | 2.80% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $5,871 | 3.66% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $6,144 | 3.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $4,774 | 3.29% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $1,895,000 | $379,000 | $4,658 | 3.43% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $1,890,000 | $236,250 | $5,085 | 3.30% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $8,704 | 3.50% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $1,870,000 | $233,750 | $5,365 | 2.92% |
| SAVANNAH, GA (FHA|USDA|VA) | 8 | $1,830,000 | $228,750 | $6,194 | 3.30% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $5,492 | 2.90% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $5,575 | 3.73% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $3,320 | 3.55% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $2,973 | 3.15% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $4,334 | 3.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $5,157 | 3.46% |
| BEND, OR (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $3,885 | 3.40% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $4,596 | 3.25% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $7,478 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $6,354 | 4.20% |
| NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) | 7 | $1,475,000 | $210,714 | $5,065 | 3.23% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 7 | $1,425,000 | $203,571 | $5,526 | 2.96% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $5,904 | 2.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $4,567 | 3.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $4,479 | 3.29% |
| BURLINGTON, NC (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $4,314 | 3.38% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,579 | 2.43% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $4,398 | 3.06% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $4,065 | 3.13% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $12,367 | 3.69% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $3,474 | 3.72% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $4,367 | 2.92% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $6,029 | 3.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $5,336 | 3.31% |
| NEW BERN, NC (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,004 | 3.25% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $3,597 | 3.48% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $4,763 | 3.19% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $5,046 | 2.88% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $7,791 | 3.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $7,269 | 3.75% |
| MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,554 | 3.04% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $6,377 | 3.44% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,645 | 3.28% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,527 | 2.63% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,386 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $5,462 | 3.09% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $7,243 | 3.04% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,226 | 2.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,147 | 2.92% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,403 | 2.88% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,721 | 2.94% |
| WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,061 | 3.63% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,969 | 3.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,205 | 3.69% |
| VALDOSTA, GA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $8,220 | 3.29% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $14,646 | 3.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,419 | 2.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,201 | 3.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,395 | 3.46% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,836 | 3.46% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,558 | 3.75% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,068 | 4.29% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,147 | 2.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,503 | 3.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,770 | 3.58% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,604 | 2.94% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,537 | 2.88% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,177 | 3.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,944 | 2.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,231 | 2.94% |
| MERCED, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,075 | 3.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,278 | 3.13% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,678 | 2.44% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,010 | 3.50% |
| PHILADELPHIA, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,008 | 3.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,650 | 3.13% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,630 | 4.31% |
| SAN RAFAEL, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,658 | 3.50% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,220 | 2.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,592 | 3.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,285 | 3.13% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,878 | 3.25% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,859 | 3.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,641 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,055 | 3.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.63% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,574 | 3.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,417 | 3.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,791 | 3.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,070 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,266 | 3.38% |
| DALTON, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,995 | 2.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,704 | 4.13% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,163 | 2.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,026 | 3.25% |
| DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,964 | 2.63% |
| ERIE, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,172 | 3.75% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,532 | 4.06% |
| REDDING, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,086 | 3.38% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,482 | 5.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,019 | 2.63% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,044 | 3.38% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,480 | 4.00% |
| GARY, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,861 | 3.38% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,755 | 3.50% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,648 | 2.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,883 | 3.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,746 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,230 | 3.25% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,542 | 3.88% |
| ROME, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,250 | 5.38% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,229 | 4.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,258 | 2.50% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,954 | 2.63% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,460 | 2.75% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,247 | 4.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,094 | 3.50% |
On Q Financial 's top markets include Phoenix, Seattle, Greenville, Portland, and Denver among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 8,121 | $2,434,255,000 | $299,748 | $4,368 | 3.28% |
| FHA | 1,544 | $348,560,000 | $225,751 | $8,372 | 3.50% |
| VA | 644 | $200,050,000 | $310,637 | $6,516 | 3.17% |
| USDA | 189 | $32,845,000 | $173,783 | $5,746 | 3.29% |
For the 2020 period, On Q Financial 's most frequently originated loan type of loans were Conventional, with 8,121 originations. Their 2nd most popular type is FHA, with 1,544 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 5,511 | $1,653,355,000 | $300,010 | $4,259 | 3.19% |
| Home Purchase | 4,987 | $1,362,355,000 | $273,181 | $6,099 | 3.43% |
For the 2020, On Q Financial 's most frequently cited loan purpose of loans were Refi, with 5,511 originations. The 2nd most popular reason of loans were Home Purchase, with 4,987 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 8,887 | $2,606,865,000 | $293,335 | $5,286 | 3.38% |
| 15 Year | 1,062 | $264,540,000 | $249,096 | $3,763 | 2.73% |
| 20 Year | 353 | $96,405,000 | $273,102 | $3,722 | 3.02% |
| 30+ year | 140 | $37,190,000 | $265,643 | $10,337 | 3.85% |
| 10 Year | 43 | $7,375,000 | $171,512 | $2,720 | 2.96% |
| Other | 13 | $3,335,000 | $256,538 | $3,646 | 2.90% |
For the 2020, On Q Financial 's most frequently cited loan length of loans were 30 Year, with 8,887 originations. The 2nd most popular length of loans were 15 Year, with 1,062 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 6,025 | $1,723,965,000 | $286,135 |
| $2k-3k | 1,617 | $416,985,000 | $257,876 |
| $3k-4k | 1,403 | $425,015,000 | $302,933 |
| $5k+ | 550 | $233,660,000 | $424,836 |
| $<1k | 462 | $113,390,000 | $245,433 |
$5,286 of loans were On Q Financial 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 6,025 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5,657 | $1,647,675,000 | $291,263 |
| 2.5-3% | 3,300 | $984,790,000 | $298,421 |
| 4-5% | 700 | $177,830,000 | $254,043 |
| <2.5% | 645 | $167,985,000 | $260,442 |
| 5-6% | 190 | $36,860,000 | $194,000 |
| 6-7% | 3 | $505,000 | $168,333 |
| 7-8% | 3 | $65,000 | $21,667 |
During 2020, On Q Financial 's average interest rate of loans were 3.38%, while their most frequently originated rate bucket of loans were 3-4%, with 5,657 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 5,585 | $1,580,985,000 | $283,077 | $5,274 | 3.28% |
| $100k-200k | 2,684 | $421,050,000 | $156,874 | $4,442 | 3.35% |
| $400k-600k | 1,548 | $728,240,000 | $470,439 | $5,522 | 3.23% |
| $100,000 or less | 359 | $27,095,000 | $75,474 | $3,608 | 3.55% |
| $600k-1MM | 286 | $209,540,000 | $732,657 | $7,033 | 3.35% |
| $1MM+ | 36 | $48,800,000 | $1,355,556 | $12,257 | 3.32% |
2020 saw On Q Financial place emphasis on $200k-400k loans with 5,585 originations, totaling $1,580,985,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 2,515 | $576,405,000 | $229,187 | $5,307 | 3.35% |
| $100k-150k | 2,207 | $710,835,000 | $322,082 | $5,042 | 3.28% |
| $50k or less | 1,807 | $318,405,000 | $176,206 | $4,798 | 3.35% |
| $75k-100k | 1,807 | $504,395,000 | $279,134 | $5,406 | 3.32% |
| $150k-250k | 1,462 | $582,560,000 | $398,468 | $4,878 | 3.22% |
| $250k+ | 598 | $294,690,000 | $492,793 | $5,500 | 3.24% |
On Q Financial lent most frequently to those with incomes in the $50k-75k range, with 2,515 originations. The second most popular income band? $100k-150k, with 2,207 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2,239 | $663,005,000 | $296,117 | $4,551 | 3.21% |
| 30-36% | 1,825 | $530,635,000 | $290,759 | $4,834 | 3.31% |
| <20% | 819 | $248,785,000 | $303,767 | $4,156 | 3.08% |
| 50-60% | 484 | $121,350,000 | $250,723 | $7,880 | 3.39% |
| 44% | 456 | $127,440,000 | $279,474 | $5,356 | 3.48% |
| 42% | 419 | $119,995,000 | $286,384 | $5,683 | 3.40% |
| 40% | 406 | $111,260,000 | $274,039 | $5,119 | 3.42% |
| 39% | 396 | $112,900,000 | $285,101 | $5,419 | 3.35% |
| 43% | 396 | $107,650,000 | $271,843 | $5,485 | 3.35% |
| 38% | 382 | $107,080,000 | $280,314 | $5,330 | 3.38% |
| 41% | 380 | $108,700,000 | $286,053 | $5,388 | 3.36% |
| 36% | 340 | $104,250,000 | $306,618 | $5,134 | 3.34% |
| 49% | 318 | $88,180,000 | $277,296 | $5,621 | 3.38% |
| 37% | 312 | $88,210,000 | $282,724 | $5,082 | 3.40% |
| 45% | 308 | $86,370,000 | $280,422 | $5,558 | 3.35% |
| 48% | 259 | $73,695,000 | $284,537 | $5,331 | 3.37% |
| 47% | 259 | $70,175,000 | $270,946 | $5,354 | 3.37% |
| 46% | 254 | $73,170,000 | $288,071 | $5,986 | 3.44% |
| >60% | 18 | $7,080,000 | $393,333 | $7,267 | 3.13% |
On Q Financial lent most frequently to those with DTI ratios of 20-30%, with 2,239 originations. The next most common DTI ratio? 30-36%, with 1,825 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8,082 | $2,286,760,000 | $282,945 | $5,012 | 3.31% |
| Not provided | 1,502 | $475,130,000 | $316,332 | $5,212 | 3.25% |
| Black | 507 | $118,935,000 | $234,586 | $6,426 | 3.43% |
| Asian | 340 | $115,220,000 | $338,882 | $5,378 | 3.23% |
| American Indian | 33 | $9,175,000 | $278,030 | $5,015 | 3.31% |
| Native Hawaiian | 11 | $3,355,000 | $305,000 | $7,938 | 3.19% |
| Asian Indian | 4 | $1,630,000 | $407,500 | $3,630 | 3.34% |
| Not applicable | 7 | $1,395,000 | $199,286 | $6,958 | 2.93% |
| Other Asian | 5 | $1,325,000 | $265,000 | $3,882 | 2.95% |
| Guamanian | 1 | $695,000 | $695,000 | $20,292 | 3.63% |
| Vietnamese | 1 | $505,000 | $505,000 | $5,811 | 3.13% |
| 1 | $495,000 | $495,000 | $4,982 | 3.63% | |
| Other Pacific Islander | 2 | $490,000 | $245,000 | $6,272 | 2.75% |
| Japanese | 1 | $435,000 | $435,000 | $4,267 | 3.25% |
| Native Hawiian | 1 | $165,000 | $165,000 | $3,459 | 2.75% |
Approval Rates
Total approvals of all applications93.97%
On Q Financial has an average approval rate.
Pick Rate
Approvals leading to origination73.23%
On Q Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10,498 | $3,015,710,000 | $287,265 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1,596 | $433,120,000 | $271,378 |
| Single Family (1-4 Units):Site-Built | 8,902 | $2,582,590,000 | $290,113 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 446 | $110,140,000 | $246,951 | $3,723 | 2.97% |
| 40-60% | 1,504 | $425,970,000 | $283,225 | $3,847 | 3.06% |
| 60-80% | 3,573 | $1,114,775,000 | $312,000 | $4,399 | 3.30% |
| 80-100% | 4,774 | $1,312,380,000 | $274,902 | $6,016 | 3.42% |
| Over 100% | 126 | $40,980,000 | $325,238 | $12,347 | 3.21% |
| Under 20% | 55 | $6,955,000 | $126,455 | $2,301 | 2.55% |