On Q Financial Mortgage Rates, Fees & Info

TEMPE, AZ

LEI: 549300SVKVT1EF3U0N48

Tax ID: 51-0517525

4.2 stars - out of 5 stars, based on 71 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. (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 6.99% 11/26/22
    30 Year Conventional Refi 6.81% 11/26/22
    30 Year Cash-out Refi 7.06% 11/26/22
    30 Year FHA Purchase 8.04% 11/26/22
    30 Year FHA Refi 7.72% 11/26/22
    30 Year VA Purchase 6.91% 11/26/22
    30 Year VA Refi 6.55% 11/26/22
    30 Year USDA Purchase 7.27% 11/26/22
    30 Year USDA Refi 6.86% 11/26/22
    15 Year Conventional Purchase 6.15% 11/26/22
    15 Year Conventional Refi 6.08% 11/26/22
    15 Year Cash-out Refi 6.08% 11/26/22
    15 Year FHA Purchase 8.33% 11/26/22
    15 Year FHA Refi 7.21% 11/26/22
    15 Year VA Purchase 6.29% 11/26/22
    15 Year VA Refi 6.04% 11/26/22
    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

    5,097

    Origination Dollar Volume (All Markets)

    $1,556,695,000
    Show all (7) awards

    Relative Rate

    On Q Financial's average 30 year fixed mortgage rate was 3.17%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.02%.

    Relative Fees (Closing Costs)

    On Q Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $5,531.

    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) 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.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, On Q Financial's most frequently originated type of loan was Conventional, with 3,853 originations. Their 2nd most popular type was FHA, with 813 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, On Q Financial's most frequently cited loan purpose was Home Purchase, with 2,893 originations. The 2nd most popular reason was 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 2021, On Q Financial's most frequently cited loan duration was 30 Year, with 4,343 originations. The 2nd most popular length was 15 Year, with 390 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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

    On Q Financial's average total fees were $5,531, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.17%, while their most frequently originated rate bucket for loans was 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 applications
    97.41%

    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 origination
    76.59%

    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%