On Q Financial Mortgage Rates, Fees & Info
TEMPE, AZLEI: 549300SVKVT1EF3U0N48
Tax ID: 51-0517525
4.2 stars
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Mortgage Data
Review & Overview
On Q Financial is a small mortgage company specializing in Home Purchase and Refi 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, Seattle, Greenville, Denver, and Atlanta among others. We have data for 211 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. 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 in 2021-- chances are they are still one in 2022.
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 | 5.68% | 8/6/22 |
| 30 Year Conventional Refi | 5.50% | 8/6/22 |
| 30 Year Cash-out Refi | 5.75% | 8/6/22 |
| 30 Year FHA Purchase | 6.73% | 8/6/22 |
| 30 Year FHA Refi | 6.41% | 8/6/22 |
| 30 Year VA Purchase | 5.60% | 8/6/22 |
| 30 Year VA Refi | 5.24% | 8/6/22 |
| 30 Year USDA Purchase | 5.96% | 8/6/22 |
| 30 Year USDA Refi | 5.55% | 8/6/22 |
| 15 Year Conventional Purchase | 4.51% | 8/6/22 |
| 15 Year Conventional Refi | 4.44% | 8/6/22 |
| 15 Year Cash-out Refi | 4.44% | 8/6/22 |
| 15 Year FHA Purchase | 6.69% | 8/6/22 |
| 15 Year FHA Refi | 5.57% | 8/6/22 |
| 15 Year VA Purchase | 4.65% | 8/6/22 |
| 15 Year VA Refi | 4.40% | 8/6/22 |
| 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. | ||
Originations
5,097Origination Dollar Volume (All Markets)
$1,556,695,000Awards
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ON Q FINANCIAL - 2021
ON Q FINANCIAL is a 2021 , due to their low .
For 2021, 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
3.17%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.02%.
Relative Fees
On Q Financial 's average total fees for a 30 year fixed rate
mortgage are $5,531.
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 $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) » | 1,340 | $445,600,000 | $332,537 | $5,485 | 3.09% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) » | 363 | $209,275,000 | $576,515 | $5,994 | 3.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) » | 734 | $153,850,000 | $209,605 | $4,811 | 3.16% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) » | 133 | $65,205,000 | $490,263 | $4,219 | 3.03% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) » | 211 | $62,125,000 | $294,431 | $5,897 | 2.96% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) » | 174 | $41,330,000 | $237,529 | $3,991 | 3.11% |
| Outside of Metro Areas | 186 | $40,540,000 | $217,957 | $5,799 | 3.30% |
| WILMINGTON, NC (FHA|USDA|VA) » | 147 | $38,495,000 | $261,871 | $5,439 | 2.95% |
| Seneca, SC (FHA|USDA|VA) » | 185 | $37,975,000 | $205,270 | $4,684 | 3.23% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » | 57 | $29,275,000 | $513,596 | $4,586 | 3.06% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) » | 91 | $24,385,000 | $267,967 | $6,273 | 3.37% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) » | 83 | $23,075,000 | $278,012 | $5,610 | 3.20% |
| SPARTANBURG, SC (FHA|USDA|VA) » | 94 | $19,890,000 | $211,596 | $5,230 | 3.28% |
| RENO, NV (FHA|USDA|VA) » | 56 | $19,770,000 | $353,036 | $5,788 | 3.29% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » | 57 | $15,555,000 | $272,895 | $5,888 | 2.89% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) » | 59 | $14,715,000 | $249,407 | $7,714 | 4.15% |
| FLAGSTAFF, AZ (FHA|USDA|VA) » | 44 | $14,260,000 | $324,091 | $8,224 | 4.09% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » | 32 | $12,470,000 | $389,688 | $8,859 | 3.92% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) » | 30 | $12,110,000 | $403,667 | $7,835 | 3.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) » | 52 | $11,950,000 | $229,808 | $5,262 | 2.99% |
| LEWISTON, ID-WA (FHA|USDA|VA) » | 44 | $10,540,000 | $239,545 | $6,207 | 3.39% |
| SALISBURY, MD-DE (FHA|USDA|VA) » | 38 | $9,190,000 | $241,842 | $6,381 | 2.93% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » | 17 | $8,665,000 | $509,706 | $5,117 | 3.01% |
| BAKERSFIELD, CA (FHA|USDA|VA) » | 39 | $8,395,000 | $215,256 | $6,927 | 3.18% |
| SPRINGFIELD, MO (FHA|USDA|VA) » | 39 | $8,155,000 | $209,103 | $4,477 | 3.15% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » | 17 | $7,355,000 | $432,647 | $7,674 | 3.30% |
| DOVER, DE (FHA|USDA|VA) » | 28 | $7,160,000 | $255,714 | $6,905 | 2.97% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » | 15 | $6,775,000 | $451,667 | $4,392 | 2.94% |
| Branson, MO (FHA|USDA|VA) » | 30 | $6,430,000 | $214,333 | $4,272 | 3.12% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) » | 17 | $6,305,000 | $370,882 | $5,067 | 3.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) » | 25 | $5,825,000 | $233,000 | $3,777 | 2.85% |
| GREENVILLE, NC (FHA|USDA|VA) » | 27 | $5,495,000 | $203,519 | $5,209 | 3.22% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » | 11 | $5,175,000 | $470,455 | $5,375 | 3.36% |
| VALDOSTA, GA (FHA|USDA|VA) » | 26 | $4,700,000 | $180,769 | $6,256 | 3.11% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » | 17 | $4,685,000 | $275,588 | $5,360 | 2.73% |
| JACKSONVILLE, NC (FHA|USDA|VA) » | 18 | $4,330,000 | $240,556 | $5,463 | 3.03% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) » | 16 | $4,150,000 | $259,375 | $4,508 | 2.99% |
| Show Low, AZ (FHA|USDA|VA) » | 18 | $3,970,000 | $220,556 | $5,101 | 3.10% |
| Payson, AZ (FHA|USDA|VA) » | 15 | $3,955,000 | $263,667 | $6,270 | 3.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) » | 15 | $3,875,000 | $258,333 | $5,640 | 2.94% |
| FRESNO, CA (FHA|USDA|VA) » | 8 | $3,770,000 | $471,250 | $9,890 | 3.59% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) » | 14 | $3,480,000 | $248,571 | $4,332 | 2.82% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) » | 11 | $3,475,000 | $315,909 | $5,543 | 2.86% |
| TUCSON, AZ (FHA|USDA|VA) » | 15 | $3,475,000 | $231,667 | $4,330 | 3.30% |
| RALEIGH-CARY, NC (FHA|USDA|VA) » | 12 | $3,420,000 | $285,000 | $5,926 | 2.78% |
| COLUMBIA, MO (FHA|USDA|VA) » | 18 | $3,380,000 | $187,778 | $4,227 | 3.16% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » | 7 | $2,875,000 | $410,714 | $3,282 | 2.86% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) » | 8 | $2,760,000 | $345,000 | $6,587 | 3.19% |
| PUEBLO, CO (FHA|USDA|VA) » | 14 | $2,600,000 | $185,714 | $5,503 | 3.14% |
| SALEM, OR (FHA|USDA|VA) » | 7 | $2,515,000 | $359,286 | $8,630 | 3.27% |
| SALINAS, CA (FHA|USDA|VA) » | 5 | $2,405,000 | $481,000 | $4,397 | 2.85% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) » | 7 | $2,325,000 | $332,143 | $6,426 | 2.64% |
| Fernley, NV (FHA|USDA|VA) » | 8 | $2,200,000 | $275,000 | $6,552 | 3.59% |
| BEND, OR (FHA|USDA|VA) » | 5 | $2,105,000 | $421,000 | $5,904 | 3.17% |
| WENATCHEE, WA (FHA|USDA|VA) » | 6 | $2,100,000 | $350,000 | $2,914 | 3.29% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) » | 6 | $2,070,000 | $345,000 | $4,595 | 3.06% |
| Shelton, WA (FHA|USDA|VA) » | 5 | $1,925,000 | $385,000 | $8,360 | 3.35% |
| Toccoa, GA (FHA|USDA|VA) » | 5 | $1,875,000 | $375,000 | $4,584 | 2.87% |
| BOISE CITY, ID (FHA|USDA|VA) » | 5 | $1,865,000 | $373,000 | $4,317 | 3.07% |
| Ellensburg, WA (FHA|USDA|VA) » | 3 | $1,855,000 | $618,333 | $11,568 | 2.92% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) » | 6 | $1,850,000 | $308,333 | $5,329 | 3.39% |
| Greenwood, SC (FHA|USDA|VA) » | 10 | $1,750,000 | $175,000 | $3,465 | 3.10% |
| Outside of Metro Areas | 3 | $1,685,000 | $561,667 | $9,968 | 3.42% |
| JEFFERSON CITY, MO (FHA|USDA|VA) » | 9 | $1,665,000 | $185,000 | $5,238 | 3.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) » | 7 | $1,655,000 | $236,429 | $4,193 | 2.80% |
| GAINESVILLE, GA (FHA|USDA|VA) » | 5 | $1,615,000 | $323,000 | $9,078 | 3.03% |
| COLUMBIA, SC (FHA|USDA|VA) » | 7 | $1,605,000 | $229,286 | $5,298 | 3.18% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) » | 4 | $1,590,000 | $397,500 | $5,064 | 2.94% |
| TALLAHASSEE, FL (FHA|USDA|VA) » | 7 | $1,565,000 | $223,571 | $7,052 | 2.86% |
| VALLEJO, CA (FHA|USDA|VA) » | 2 | $1,550,000 | $775,000 | $27,569 | 2.81% |
| Oak Harbor, WA (FHA|USDA|VA) » | 4 | $1,520,000 | $380,000 | $8,951 | 3.03% |
| Pahrump, NV (FHA|USDA|VA) » | 6 | $1,470,000 | $245,000 | $4,801 | 3.52% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) » | 4 | $1,410,000 | $352,500 | $3,130 | 2.50% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) » | 7 | $1,345,000 | $192,143 | $6,523 | 3.71% |
| NAPA, CA (FHA|USDA|VA) » | 2 | $1,340,000 | $670,000 | $9,532 | 4.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) » | 5 | $1,325,000 | $265,000 | $6,393 | 3.57% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) » | 4 | $1,300,000 | $325,000 | $5,737 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) » | 4 | $1,200,000 | $300,000 | $3,909 | 2.56% |
| BOULDER, CO (FHA|USDA|VA) » | 3 | $1,195,000 | $398,333 | $3,518 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) » | 3 | $1,185,000 | $395,000 | $6,596 | 2.50% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) » | 2 | $1,070,000 | $535,000 | $6,030 | 3.06% |
| Cambridge, MD (FHA|USDA|VA) » | 5 | $1,045,000 | $209,000 | $6,401 | 3.48% |
| Thomasville, GA (FHA|USDA|VA) » | 6 | $1,040,000 | $173,333 | $6,417 | 2.85% |
| Pullman, WA (FHA|USDA|VA) » | 4 | $1,020,000 | $255,000 | $6,096 | 2.88% |
| Hailey, ID (FHA|USDA|VA) » | 1 | $975,000 | $975,000 | $0 | 3.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) » | 4 | $970,000 | $242,500 | $4,873 | 2.66% |
| Edwards, CO (FHA|USDA|VA) » | 2 | $960,000 | $480,000 | $3,214 | 3.74% |
| COLUMBUS, GA-AL (FHA|USDA|VA) » | 3 | $955,000 | $318,333 | $5,620 | 3.46% |
| Cornelia, GA (FHA|USDA|VA) » | 4 | $940,000 | $235,000 | $5,805 | 2.69% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) » | 4 | $930,000 | $232,500 | $6,417 | 3.06% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) » | 3 | $925,000 | $308,333 | $6,093 | 2.96% |
| WALLA WALLA, WA (FHA|USDA|VA) » | 3 | $925,000 | $308,333 | $7,351 | 2.58% |
| Washington, NC (FHA|USDA|VA) » | 5 | $915,000 | $183,000 | $5,484 | 3.35% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) » | 2 | $910,000 | $455,000 | $2,574 | 2.88% |
| Morehead City, NC (FHA|USDA|VA) » | 4 | $900,000 | $225,000 | $5,192 | 3.09% |
| Breckenridge, CO (FHA|USDA|VA) » | 2 | $900,000 | $450,000 | $3,777 | 2.81% |
| ALBUQUERQUE, NM (FHA|USDA|VA) » | 3 | $885,000 | $295,000 | $5,244 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) » | 4 | $870,000 | $217,500 | $5,713 | 2.69% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) » | 2 | $870,000 | $435,000 | $7,751 | 4.19% |
| Jefferson, GA (FHA|USDA|VA) » | 3 | $855,000 | $285,000 | $5,502 | 3.08% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) » | 4 | $820,000 | $205,000 | $5,094 | 3.25% |
| YAKIMA, WA (FHA|USDA|VA) » | 3 | $815,000 | $271,667 | $4,495 | 3.08% |
| Kalispell, MT (FHA|USDA|VA) » | 2 | $800,000 | $400,000 | $4,343 | 3.44% |
| Clearlake, CA (FHA|USDA|VA) » | 3 | $785,000 | $261,667 | $11,801 | 5.08% |
| BELLINGHAM, WA (FHA|USDA|VA) » | 2 | $760,000 | $380,000 | $3,625 | 3.06% |
| SAVANNAH, GA (FHA|USDA|VA) » | 3 | $755,000 | $251,667 | $4,505 | 2.79% |
| MEDFORD, OR (FHA|USDA|VA) » | 2 | $750,000 | $375,000 | $6,436 | 2.88% |
| BRUNSWICK, GA (FHA|USDA|VA) » | 3 | $735,000 | $245,000 | $5,685 | 3.08% |
| Brevard, NC (FHA|USDA|VA) » | 2 | $730,000 | $365,000 | $8,357 | 3.12% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) » | 4 | $720,000 | $180,000 | $2,972 | 3.16% |
| SALT LAKE CITY, UT (FHA|USDA|VA) » | 2 | $710,000 | $355,000 | $5,394 | 3.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) » | 2 | $710,000 | $355,000 | $6,558 | 3.31% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) » | 3 | $675,000 | $225,000 | $5,957 | 2.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) » | 2 | $670,000 | $335,000 | $8,659 | 3.81% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » | 3 | $665,000 | $221,667 | $4,692 | 2.91% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) » | 3 | $665,000 | $221,667 | $2,664 | 2.88% |
| Moses Lake, WA (FHA|USDA|VA) » | 2 | $660,000 | $330,000 | $5,318 | 3.38% |
| Port Angeles, WA (FHA|USDA|VA) » | 2 | $650,000 | $325,000 | $4,739 | 3.06% |
| WINCHESTER, VA-WV (FHA|USDA|VA) » | 2 | $640,000 | $320,000 | $4,563 | 2.75% |
| ASHEVILLE, NC (FHA|USDA|VA) » | 3 | $625,000 | $208,333 | $4,299 | 2.67% |
| Roseburg, OR (FHA|USDA|VA) » | 2 | $620,000 | $310,000 | $10,708 | 3.19% |
| LONGVIEW, WA (FHA|USDA|VA) » | 1 | $545,000 | $545,000 | $15,881 | 3.75% |
| Centralia, WA (FHA|USDA|VA) » | 1 | $545,000 | $545,000 | $17,393 | 3.25% |
| Moscow, ID (FHA|USDA|VA) » | 2 | $540,000 | $270,000 | $8,591 | 4.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) » | 2 | $540,000 | $270,000 | $6,283 | 3.18% |
| RICHMOND, VA (FHA|USDA|VA) » | 2 | $520,000 | $260,000 | $4,238 | 2.56% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) » | 1 | $515,000 | $515,000 | $5,655 | 3.00% |
| FARGO, ND-MN (FHA|USDA|VA) » | 2 | $500,000 | $250,000 | $3,954 | 3.31% |
| LYNCHBURG, VA (FHA|USDA|VA) » | 1 | $475,000 | $475,000 | $2,124 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » | 1 | $455,000 | $455,000 | $2,189 | 3.25% |
| GOLDSBORO, NC (FHA|USDA|VA) » | 2 | $440,000 | $220,000 | $4,359 | 2.25% |
| PANAMA CITY, FL (FHA|USDA|VA) » | 2 | $430,000 | $215,000 | $4,619 | 3.19% |
| Fallon, NV (FHA|USDA|VA) » | 2 | $420,000 | $210,000 | $8,457 | 3.69% |
| JACKSON, MS (FHA|USDA|VA) » | 1 | $395,000 | $395,000 | $3,732 | 2.88% |
| MADERA, CA (FHA|USDA|VA) » | 1 | $395,000 | $395,000 | $3,526 | 2.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) » | 1 | $395,000 | $395,000 | $7,237 | 2.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) » | 2 | $390,000 | $195,000 | $3,050 | 2.75% |
| HUNTSVILLE, AL (FHA|USDA|VA) » | 1 | $385,000 | $385,000 | $3,312 | 3.38% |
| CORVALLIS, OR (FHA|USDA|VA) » | 1 | $385,000 | $385,000 | $3,220 | 2.38% |
| Newport, OR (FHA|USDA|VA) » | 1 | $385,000 | $385,000 | $4,697 | 2.88% |
| Ukiah, CA (FHA|USDA|VA) » | 1 | $375,000 | $375,000 | $8,323 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) » | 1 | $355,000 | $355,000 | $4,761 | 2.88% |
| Gaffney, SC (FHA|USDA|VA) » | 3 | $355,000 | $118,333 | $4,024 | 3.29% |
| Blackfoot, ID (FHA|USDA|VA) » | 1 | $355,000 | $355,000 | $5,585 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) » | 1 | $345,000 | $345,000 | $8,876 | 4.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) » | 2 | $340,000 | $170,000 | $5,785 | 3.62% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) » | 1 | $335,000 | $335,000 | $4,319 | 3.49% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) » | 1 | $335,000 | $335,000 | $0 | 5.75% |
| FORT COLLINS, CO (FHA|USDA|VA) » | 1 | $335,000 | $335,000 | $6,539 | 3.99% |
| Altus, OK (FHA|USDA|VA) » | 2 | $330,000 | $165,000 | $8,786 | 2.69% |
| ANN ARBOR, MI (FHA|USDA|VA) » | 1 | $325,000 | $325,000 | $3,157 | 2.13% |
| RACINE, WI (FHA|USDA|VA) » | 1 | $325,000 | $325,000 | $8,972 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) » | 1 | $315,000 | $315,000 | $4,768 | 2.50% |
| Butte-Silver Bow, MT (FHA|USDA|VA) » | 1 | $295,000 | $295,000 | $10,419 | 2.75% |
| Calhoun, GA (FHA|USDA|VA) » | 1 | $295,000 | $295,000 | $8,822 | 2.75% |
| Marion, NC (FHA|USDA|VA) » | 1 | $295,000 | $295,000 | $9,466 | 2.75% |
| Key West, FL (FHA|USDA|VA) » | 1 | $285,000 | $285,000 | $0 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) » | 1 | $285,000 | $285,000 | $2,288 | 2.13% |
| Tifton, GA (FHA|USDA|VA) » | 1 | $285,000 | $285,000 | $9,997 | 3.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) » | 2 | $280,000 | $140,000 | $4,199 | 2.81% |
| WARNER ROBINS, GA (FHA|USDA|VA) » | 1 | $275,000 | $275,000 | $11,581 | 5.50% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) » | 1 | $275,000 | $275,000 | $12,364 | 4.75% |
| Sandpoint, ID (FHA|USDA|VA) » | 1 | $275,000 | $275,000 | $9,149 | 4.88% |
| GRANTS PASS, OR (FHA|USDA|VA) » | 1 | $255,000 | $255,000 | $4,300 | 3.00% |
| SUMTER, SC (FHA|USDA|VA) » | 1 | $245,000 | $245,000 | $3,357 | 3.25% |
| DALTON, GA (FHA|USDA|VA) » | 1 | $245,000 | $245,000 | $3,417 | 3.00% |
| Prineville, OR (FHA|USDA|VA) » | 1 | $235,000 | $235,000 | $10,433 | 4.75% |
| Roanoke Rapids, NC (FHA|USDA|VA) » | 1 | $235,000 | $235,000 | $8,551 | 3.00% |
| Mason City, IA (FHA|USDA|VA) » | 1 | $225,000 | $225,000 | $3,543 | 2.88% |
| CHICO, CA (FHA|USDA|VA) » | 1 | $225,000 | $225,000 | $9,100 | 4.13% |
| Mexico, MO (FHA|USDA|VA) » | 2 | $210,000 | $105,000 | $2,100 | 3.38% |
| Union, SC (FHA|USDA|VA) » | 2 | $210,000 | $105,000 | $4,586 | 2.88% |
| Aberdeen, WA (FHA|USDA|VA) » | 1 | $205,000 | $205,000 | $10,560 | 3.88% |
| HARRISONBURG, VA (FHA|USDA|VA) » | 1 | $205,000 | $205,000 | $3,757 | 2.50% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) » | 1 | $205,000 | $205,000 | $7,756 | 4.00% |
| TULSA, OK (FHA|USDA|VA) » | 1 | $205,000 | $205,000 | $4,101 | 3.38% |
| ODESSA, TX (FHA|USDA|VA) » | 1 | $195,000 | $195,000 | $7,545 | 2.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) » | 1 | $195,000 | $195,000 | $2,431 | 2.25% |
| Elko, NV (FHA|USDA|VA) » | 1 | $195,000 | $195,000 | $4,499 | 3.63% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) » | 2 | $190,000 | $95,000 | $3,422 | 4.19% |
| GREELEY, CO (FHA|USDA|VA) » | 1 | $185,000 | $185,000 | $2,264 | 2.25% |
| Craig, CO (FHA|USDA|VA) » | 1 | $175,000 | $175,000 | $10,908 | 2.50% |
| LaGrange, GA-AL (FHA|USDA|VA) » | 1 | $175,000 | $175,000 | $3,612 | 3.38% |
| Albemarle, NC (FHA|USDA|VA) » | 1 | $175,000 | $175,000 | $7,831 | 2.75% |
| Wilson, NC (FHA|USDA|VA) » | 1 | $165,000 | $165,000 | $6,046 | 2.99% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) » | 1 | $165,000 | $165,000 | $3,836 | 3.25% |
| REDDING, CA (FHA|USDA|VA) » | 1 | $155,000 | $155,000 | $2,649 | 3.25% |
| Eufaula, AL-GA (FHA|USDA|VA) » | 1 | $155,000 | $155,000 | $8,202 | 5.63% |
| CLEVELAND, TN (FHA|USDA|VA) » | 1 | $145,000 | $145,000 | $3,956 | 3.38% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) » | 1 | $145,000 | $145,000 | $6,707 | 2.75% |
| TWIN FALLS, ID (FHA|USDA|VA) » | 1 | $145,000 | $145,000 | $4,633 | 2.50% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) » | 1 | $145,000 | $145,000 | $2,763 | 2.99% |
| ROCKFORD, IL (FHA|USDA|VA) » | 1 | $145,000 | $145,000 | $5,814 | 2.75% |
| Burley, ID (FHA|USDA|VA) » | 1 | $135,000 | $135,000 | $4,218 | 3.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) » | 1 | $135,000 | $135,000 | $3,046 | 3.25% |
| Warrensburg, MO (FHA|USDA|VA) » | 1 | $135,000 | $135,000 | $3,123 | 3.63% |
| Statesboro, GA (FHA|USDA|VA) » | 1 | $125,000 | $125,000 | $3,998 | 2.50% |
| LINCOLN, NE (FHA|USDA|VA) » | 1 | $125,000 | $125,000 | $3,018 | 2.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) » | 1 | $115,000 | $115,000 | $5,365 | 4.25% |
| Crossville, TN (FHA|USDA|VA) » | 1 | $115,000 | $115,000 | $2,916 | 2.25% |
| PROVO-OREM, UT (FHA|USDA|VA) » | 1 | $115,000 | $115,000 | $3,406 | 3.00% |
| FLORENCE, SC (FHA|USDA|VA) » | 1 | $115,000 | $115,000 | $3,114 | 3.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) » | 1 | $105,000 | $105,000 | $5,774 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) » | 1 | $105,000 | $105,000 | $5,108 | 3.75% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) » | 1 | $105,000 | $105,000 | $1,969 | 2.63% |
| Wahpeton, ND-MN (FHA|USDA|VA) » | 1 | $105,000 | $105,000 | $3,063 | 3.50% |
| Forest City, NC (FHA|USDA|VA) » | 1 | $95,000 | $95,000 | $3,095 | 3.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) » | 1 | $85,000 | $85,000 | $6,427 | 3.25% |
| YUMA, AZ (FHA|USDA|VA) » | 1 | $75,000 | $75,000 | $3,945 | 3.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) » | 1 | $75,000 | $75,000 | $2,276 | 2.75% |
| LIMA, OH (FHA|USDA|VA) » | 1 | $55,000 | $55,000 | $3,077 | 3.63% |
On Q Financial 's top markets include Phoenix, Seattle, Greenville, Denver, and Atlanta among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional » | 3,853 | $1,233,395,000 | $320,113 | $4,515 | 3.11% |
| FHA » | 813 | $188,965,000 | $232,429 | $8,613 | 3.35% |
| VA » | 339 | $117,125,000 | $345,501 | $8,244 | 2.96% |
| USDA » | 92 | $17,210,000 | $187,065 | $5,888 | 3.06% |
For the 2021 period, On Q Financial 's most frequently originated loan type of loans were Conventional, with 3,853 originations. Their 2nd most popular type is FHA, with 813 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase » | 2,893 | $875,745,000 | $302,712 | $6,307 | 3.24% |
| Refi » | 1,440 | $451,740,000 | $313,708 | $4,001 | 2.91% |
| Cash Out Refi » | 764 | $229,210,000 | $300,013 | $5,055 | 3.19% |
For the 2021, On Q Financial 's most frequently cited loan purpose of loans were Home Purchase, with 2,893 originations. The 2nd most popular reason of loans were Refi, with 1,440 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year » | 4,343 | $1,357,205,000 | $312,504 | $5,531 | 3.17% |
| 15 Year » | 390 | $93,990,000 | $241,000 | $3,674 | 2.44% |
| 20 Year » | 165 | $47,715,000 | $289,182 | $3,769 | 2.79% |
| 30+ year » | 157 | $48,135,000 | $306,592 | $10,247 | 4.47% |
| 10 Year » | 25 | $4,895,000 | $195,800 | $3,137 | 2.55% |
| Other » | 17 | $4,755,000 | $279,706 | $4,059 | 3.07% |
For the 2021, On Q Financial 's most frequently cited loan length of loans were 30 Year, with 4,343 originations. The 2nd most popular length of loans were 15 Year, with 390 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k » | 3,172 | $963,450,000 | $303,736 |
| $2k-3k » | 757 | $208,975,000 | $276,057 |
| $3k-4k » | 356 | $105,340,000 | $295,899 |
| $5k+ » | 250 | $118,760,000 | $475,040 |
| $<1k » | 182 | $48,060,000 | $264,066 |
| $4k-5k » | 158 | $55,760,000 | $352,911 |
$5,531 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 3,172 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% » | 2,212 | $664,380,000 | $300,353 |
| 2.5-3% » | 2,017 | $667,815,000 | $331,093 |
| <2.5% » | 562 | $145,680,000 | $259,217 |
| 4-5% » | 244 | $62,000,000 | $254,098 |
| 5-6% » | 60 | $16,710,000 | $278,500 |
| 7-8% » | 2 | $110,000 | $55,000 |
During 2021, On Q Financial 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 2,212 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k » | 2,550 | $733,810,000 | $287,769 | $5,667 | 3.13% |
| $100k-200k » | 1,304 | $203,920,000 | $156,380 | $4,501 | 3.16% |
| $400k-600k » | 814 | $390,670,000 | $479,939 | $5,935 | 3.10% |
| $600k-1MM » | 196 | $145,750,000 | $743,622 | $7,255 | 3.10% |
| $100,000 or less » | 184 | $13,700,000 | $74,457 | $3,772 | 3.35% |
| $1MM+ » | 49 | $68,845,000 | $1,405,000 | $10,379 | 2.98% |
2021 saw On Q Financial place emphasis on $200k-400k loans with 2,550 originations, totaling $733,810,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k » | 1,218 | $286,350,000 | $235,099 | $5,416 | 3.14% |
| $100k-150k » | 1,057 | $364,425,000 | $344,773 | $5,624 | 3.15% |
| $75k-100k » | 883 | $252,185,000 | $285,600 | $5,843 | 3.17% |
| $50k or less » | 842 | $139,790,000 | $166,021 | $4,967 | 3.18% |
| $150k-250k » | 696 | $291,470,000 | $418,779 | $5,340 | 3.10% |
| $250k+ » | 323 | $197,185,000 | $610,480 | $5,856 | 3.09% |
On Q Financial lent most frequently to those with incomes in the $50k-75k range, with 1,218 originations. The second most popular income band? $100k-150k, with 1,057 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% » | 1,113 | $350,615,000 | $315,018 | $4,712 | 3.06% |
| 30-36% » | 954 | $302,110,000 | $316,677 | $5,216 | 3.15% |
| <20% » | 354 | $106,090,000 | $299,689 | $4,337 | 2.94% |
| 50-60% » | 257 | $68,595,000 | $266,907 | $8,496 | 3.22% |
| 44% » | 215 | $64,395,000 | $299,512 | $5,842 | 3.24% |
| 43% » | 208 | $62,760,000 | $301,731 | $6,360 | 3.19% |
| 42% » | 201 | $69,445,000 | $345,498 | $5,916 | 3.15% |
| 41% » | 192 | $57,920,000 | $301,667 | $5,717 | 3.23% |
| 39% » | 187 | $55,235,000 | $295,374 | $5,782 | 3.24% |
| 38% » | 185 | $57,705,000 | $311,919 | $5,335 | 3.22% |
| 40% » | 183 | $53,325,000 | $291,393 | $5,220 | 3.24% |
| 36% » | 172 | $52,510,000 | $305,291 | $5,670 | 3.20% |
| 37% » | 170 | $53,260,000 | $313,294 | $5,231 | 3.12% |
| 49% » | 151 | $42,845,000 | $283,742 | $6,311 | 3.22% |
| 45% » | 146 | $38,860,000 | $266,164 | $5,779 | 3.15% |
| 46% » | 126 | $36,760,000 | $291,746 | $5,745 | 3.27% |
| 47% » | 117 | $35,435,000 | $302,863 | $6,325 | 3.26% |
| 48% » | 113 | $32,535,000 | $287,920 | $6,041 | 3.16% |
| >60% » | 8 | $3,160,000 | $395,000 | $7,516 | 3.41% |
On Q Financial lent most frequently to those with DTI ratios of 20-30%, with 1,113 originations. The next most common DTI ratio? 30-36%, with 954 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White » | 3,411 | $986,705,000 | $289,271 | $5,258 | 3.14% |
| Not provided » | 1,310 | $458,390,000 | $349,916 | $5,711 | 3.13% |
| Black » | 237 | $63,275,000 | $266,983 | $6,687 | 3.18% |
| Asian » | 99 | $36,235,000 | $366,010 | $5,473 | 3.13% |
| American Indian » | 16 | $4,720,000 | $295,000 | $6,848 | 3.23% |
| Native Hawaiian or Islander » | 10 | $3,770,000 | $377,000 | $5,555 | 3.26% |
| Other Pacific Islander » | 11 | $2,765,000 | $251,364 | $8,992 | 3.02% |
| Filipino » | 2 | $660,000 | $330,000 | $10,393 | 3.12% |
| Chinese » | 1 | $175,000 | $175,000 | $2,344 | 2.75% |
Approval Rates
Total approvals of all applications97.41%
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 origination76.59%
On Q Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,097 | $1,556,695,000 | $305,414 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| » | 5,097 | $1,556,695,000 | $305,414 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% » | 216 | $56,900,000 | $263,426 | $3,801 | 2.90% |
| 40-60% » | 746 | $221,920,000 | $297,480 | $3,920 | 2.91% |
| 60-80% » | 1,699 | $565,205,000 | $332,669 | $4,716 | 3.16% |
| 80-100% » | 2,330 | $678,870,000 | $291,361 | $6,284 | 3.23% |
| Over 100% » | 78 | $29,390,000 | $376,795 | $15,538 | 2.99% |
| Under 20% » | 26 | $3,860,000 | $148,462 | $2,982 | 2.90% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| On Q Financial | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| On Q Financial | Conventional home mortgage | Trouble during payment process | 3 | 37.5% |
| On Q Financial | FHA mortgage | Struggling to pay mortgage | 2 | 25.0% |
| On Q Financial | VA mortgage | Trouble during payment process | 2 | 25.0% |
