On Q Financial Mortgage Rates, Fees & Info

TEMPE, AZ

LEI: 549300SVKVT1EF3U0N48

Tax ID: 51-0517525

4.07 stars - out of 5 stars, based on 102 reviews

2020 Data | 2019 Data | 2018 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

10,498

Origination Dollar Volume (All Markets)

$3,015,710,000

Awards

ON Q FINANCIAL  30 Year Conventional Loans silver ON Q FINANCIAL  USDA Loans gold ON Q FINANCIAL  FHA Loans gold ON Q FINANCIAL  30 Year Conventional Loans bronze
Show all (4) awards

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 applications
93.97%

On Q Financial has an average approval rate.

Pick Rate

Approvals leading to origination
73.23%

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%