On Q Financial Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
On Q Financial is a small mortgage company specializing in Home Purchase loans. On Q Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Phoenix, Seattle, Santa Maria, Greenville, and San Antonio among others. We have data for 198 markets. (Some data included below & more in-depth data is available with an active subscription.)On Q Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. On Q Financial is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 12/16/24 |
| 30 Year Conventional Refi | 6.66% | 12/16/24 |
| 30 Year Cash-out Refi | 6.93% | 12/16/24 |
| 30 Year FHA Purchase | 7.96% | 12/16/24 |
| 30 Year FHA Refi | 7.31% | 12/16/24 |
| 30 Year VA Purchase | 6.77% | 12/16/24 |
| 30 Year VA Refi | 5.86% | 12/16/24 |
| 30 Year USDA Purchase | 7.26% | 12/16/24 |
| 30 Year USDA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.11% | 12/16/24 |
| 15 Year Conventional Refi | 6.11% | 12/16/24 |
| 15 Year Cash-out Refi | 6.11% | 12/16/24 |
| 15 Year FHA Refi | 7.26% | 12/16/24 |
| 15 Year VA Purchase | 5.68% | 12/16/24 |
| 15 Year VA Refi | 5.68% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
On Q Financial Mortgage Calculator
Your Estimates
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This is not an official calculator from On Q Financial. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
9,045Origination Dollar Volume (All Markets)
$2,337,015,000Awards
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ON Q FINANCIAL - 2018
ON Q FINANCIAL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,862 | $477,380,000 | $256,380 | $5,012 | 5.01% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 631 | $266,295,000 | $422,021 | $6,221 | 4.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 209 | $102,995,000 | $492,799 | $6,393 | 4.95% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 579 | $95,335,000 | $164,655 | $3,978 | 4.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 381 | $84,495,000 | $221,772 | $5,827 | 5.05% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 190 | $78,280,000 | $412,000 | $5,754 | 4.91% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 313 | $72,585,000 | $231,901 | $4,715 | 4.90% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 198 | $71,360,000 | $360,404 | $4,678 | 4.84% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 218 | $66,290,000 | $304,083 | $6,096 | 4.77% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 243 | $58,175,000 | $239,403 | $5,889 | 5.08% |
| WILMINGTON, NC (FHA|USDA|VA) | 245 | $52,225,000 | $213,163 | $4,217 | 4.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 161 | $47,735,000 | $296,491 | $5,327 | 4.80% |
| VALLEJO, CA (FHA|USDA|VA) | 115 | $41,865,000 | $364,043 | $7,688 | 4.96% |
| RENO, NV (FHA|USDA|VA) | 153 | $41,245,000 | $269,575 | $5,041 | 5.14% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 171 | $39,795,000 | $232,719 | $4,586 | 5.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 190 | $37,880,000 | $199,368 | $3,913 | 4.93% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 126 | $37,700,000 | $299,206 | $5,875 | 4.89% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 150 | $32,960,000 | $219,733 | $4,311 | 4.70% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 109 | $29,095,000 | $266,927 | $5,002 | 4.86% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 130 | $28,710,000 | $220,846 | $4,183 | 4.82% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 121 | $27,175,000 | $224,587 | $4,734 | 5.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 60 | $26,010,000 | $433,500 | $6,591 | 4.92% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 111 | $24,155,000 | $217,613 | $4,535 | 4.72% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 53 | $23,945,000 | $451,792 | $6,589 | 4.91% |
| SAVANNAH, GA (FHA|USDA|VA) | 127 | $23,535,000 | $185,315 | $4,357 | 4.94% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 107 | $23,295,000 | $217,710 | $5,576 | 4.86% |
| VALDOSTA, GA (FHA|USDA|VA) | 125 | $20,325,000 | $162,600 | $3,599 | 4.62% |
| Seneca, SC (FHA|USDA|VA) | 123 | $19,265,000 | $156,626 | $3,915 | 5.08% |
| Outside of Metro Areas | 120 | $18,730,000 | $156,083 | $3,838 | 5.02% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 35 | $18,505,000 | $528,714 | $4,959 | 4.83% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 88 | $18,500,000 | $210,227 | $5,650 | 4.98% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 101 | $18,305,000 | $181,238 | $4,232 | 4.92% |
| GOLDSBORO, NC (FHA|USDA|VA) | 109 | $17,515,000 | $160,688 | $3,997 | 4.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 94 | $15,850,000 | $168,617 | $3,690 | 5.17% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 51 | $15,725,000 | $308,333 | $4,327 | 4.80% |
| Fernley, NV (FHA|USDA|VA) | 57 | $13,315,000 | $233,596 | $5,331 | 5.26% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 80 | $13,210,000 | $165,125 | $4,311 | 4.93% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 52 | $12,180,000 | $234,231 | $4,572 | 5.41% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 23 | $11,845,000 | $515,000 | $6,916 | 4.92% |
| GREENVILLE, NC (FHA|USDA|VA) | 69 | $11,375,000 | $164,855 | $4,372 | 4.98% |
| SPARTANBURG, SC (FHA|USDA|VA) | 61 | $9,605,000 | $157,459 | $3,934 | 4.94% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 49 | $7,815,000 | $159,490 | $3,711 | 4.91% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 24 | $7,610,000 | $317,083 | $6,289 | 5.08% |
| CARSON CITY, NV (FHA|USDA|VA) | 30 | $7,300,000 | $243,333 | $4,561 | 5.28% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 41 | $6,465,000 | $157,683 | $3,543 | 4.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 31 | $6,345,000 | $204,677 | $4,343 | 4.62% |
| TUCSON, AZ (FHA|USDA|VA) | 20 | $5,310,000 | $265,500 | $5,592 | 5.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $5,255,000 | $250,238 | $6,124 | 4.97% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 36 | $5,200,000 | $144,444 | $3,762 | 5.33% |
| Show Low, AZ (FHA|USDA|VA) | 31 | $5,085,000 | $164,032 | $3,736 | 5.31% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 17 | $4,965,000 | $292,059 | $4,478 | 4.95% |
| Waycross, GA (FHA|USDA|VA) | 34 | $4,770,000 | $140,294 | $3,626 | 4.96% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 20 | $4,740,000 | $237,000 | $4,900 | 5.26% |
| WENATCHEE, WA (FHA|USDA|VA) | 16 | $4,410,000 | $275,625 | $3,574 | 5.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 19 | $4,085,000 | $215,000 | $5,742 | 4.85% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 19 | $4,065,000 | $213,947 | $5,771 | 4.11% |
| SALINAS, CA (FHA|USDA|VA) | 7 | $3,835,000 | $547,857 | $5,889 | 4.98% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 15 | $3,635,000 | $242,333 | $5,676 | 5.38% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 7 | $3,075,000 | $439,286 | $4,631 | 4.93% |
| Tifton, GA (FHA|USDA|VA) | 18 | $3,000,000 | $166,667 | $4,164 | 4.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,990,000 | $373,750 | $5,735 | 4.73% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $2,955,000 | $268,636 | $5,948 | 4.75% |
| Breckenridge, CO (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $4,466 | 5.35% |
| BOULDER, CO (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $7,097 | 5.23% |
| GAINESVILLE, GA (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $4,651 | 4.51% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 8 | $2,390,000 | $298,750 | $4,201 | 4.80% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 16 | $2,150,000 | $134,375 | $2,987 | 4.95% |
| Morehead City, NC (FHA|USDA|VA) | 10 | $2,090,000 | $209,000 | $3,929 | 5.05% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $2,050,000 | $512,500 | $4,386 | 4.69% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 11 | $2,035,000 | $185,000 | $4,254 | 5.07% |
| NAPA, CA (FHA|USDA|VA) | 4 | $2,020,000 | $505,000 | $7,973 | 4.91% |
| Oak Harbor, WA (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $6,962 | 5.00% |
| NEW BERN, NC (FHA|USDA|VA) | 15 | $1,865,000 | $124,333 | $3,318 | 5.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 11 | $1,845,000 | $167,727 | $4,771 | 4.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $5,999 | 4.78% |
| BEND, OR (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $5,856 | 4.88% |
| Albemarle, NC (FHA|USDA|VA) | 10 | $1,450,000 | $145,000 | $3,427 | 5.39% |
| SALEM, OR (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $4,292 | 4.91% |
| Vidalia, GA (FHA|USDA|VA) | 10 | $1,410,000 | $141,000 | $3,629 | 4.66% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $6,067 | 4.84% |
| BURLINGTON, NC (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $4,933 | 5.03% |
| Edwards, CO (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $5,340 | 4.75% |
| Shelton, WA (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $5,151 | 4.83% |
| Thomaston, GA (FHA|USDA|VA) | 12 | $1,190,000 | $99,167 | $3,806 | 5.23% |
| Centralia, WA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $4,398 | 4.60% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $3,237 | 4.83% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $4,997 | 4.82% |
| Statesboro, GA (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $4,049 | 5.14% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $6,516 | 4.94% |
| Fallon, NV (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $4,391 | 5.15% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $3,798 | 4.29% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $6,546 | 4.73% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $5,285 | 5.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,120 | 4.38% |
| Henderson, NC (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $4,925 | 4.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,830 | 4.73% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,644 | 5.25% |
| Moses Lake, WA (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $5,118 | 4.97% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $9,778 | 5.29% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $7,216 | 5.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,947 | 4.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $4,644 | 5.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,694 | 4.63% |
| Thomasville, GA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $2,703 | 4.66% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $3,584 | 5.13% |
| Newport, OR (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,085 | 5.06% |
| Greenwood, SC (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $2,345 | 4.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,926 | 4.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,548 | 4.44% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,128 | 5.00% |
| ALBANY, GA (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $3,428 | 5.31% |
| Outside of Metro Areas | 2 | $620,000 | $310,000 | $6,495 | 5.00% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,276 | 5.04% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $3,015 | 4.93% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,342 | 4.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,533 | 4.42% |
| Sanford, NC (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $2,632 | 4.56% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,724 | 5.17% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,140 | 5.06% |
| REDDING, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,347 | 5.06% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,794 | 5.50% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,657 | 4.00% |
| Washington, NC (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $3,402 | 4.88% |
| WALLA WALLA, WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,909 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,607 | 5.13% |
| Newberry, SC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,979 | 5.67% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,043 | 5.63% |
| WACO, TX (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,993 | 5.33% |
| MADERA, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,471 | 5.31% |
| CHICO, CA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,751 | 4.50% |
| Wilson, NC (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $3,930 | 5.45% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,174 | 5.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,806 | 4.88% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,250 | 5.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 5.12% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,872 | 4.63% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,921 | 5.31% |
| Kinston, NC (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $3,129 | 5.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,915 | 5.50% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,033 | 4.81% |
| Payson, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,851 | 5.56% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,348 | 5.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,418 | 4.50% |
| Susanville, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,362 | 5.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,181 | 5.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,694 | 4.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,901 | 5.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,425 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,173 | 4.88% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,650 | 5.06% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,947 | 5.13% |
| Roswell, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,051 | 5.38% |
| Fitzgerald, GA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $3,863 | 4.92% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,895 | 4.88% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,034 | 4.81% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,182 | 4.75% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,278 | 5.13% |
| Española, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,908 | 5.50% |
| Cordele, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,901 | 5.38% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,169 | 4.75% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,211 | 4.50% |
| TYLER, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,850 | 5.00% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,282 | 4.94% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,640 | 5.06% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,101 | 4.51% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,273 | 5.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,013 | 5.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,705 | 4.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $3,561 | 5.63% |
| MERCED, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,294 | 4.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,711 | 4.38% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,862 | 5.50% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,809 | 5.25% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,721 | 4.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,807 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,137 | 4.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,661 | 4.88% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.01% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,740 | 4.63% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,170 | 5.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,099 | 4.94% |
| Branson, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,070 | 4.50% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,594 | 4.50% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,830 | 5.25% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,845 | 5.50% |
| Union, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,671 | 4.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,090 | 5.00% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,907 | 4.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,399 | 5.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,965 | 6.13% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,275 | 5.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.76% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,801 | 4.63% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,940 | 4.75% |
| DALTON, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,181 | 4.75% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,591 | 5.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,143 | 6.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,661 | 4.63% |
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Product Mix
For 2018, On Q Financial's most frequently originated type of loan was Conventional, with 6,186 originations. Their 2nd most popular type was FHA, with 1,950 originations.
Loan Reason
For 2018, On Q Financial's most frequently cited loan purpose was Home Purchase, with 7,897 originations. The 2nd most popular reason was Cash Out Refi, with 688 originations.
Loan Duration/Length
For 2018, On Q Financial's most frequently cited loan duration was 30 Year, with 8,571 originations. The 2nd most popular length was 15 Year, with 337 originations.
Origination Fees/Closing Costs
On Q Financial's average total fees were $5,044, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,926 originations.
Interest Rates
During 2018, On Q Financial's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 4-5%, with 5,550 originations.
Loan Sizing
2018 saw On Q Financial place emphasis on $200k-400k loans with 4,036 originations, totaling $1,121,350,000 in origination value.
Applicant Income
On Q Financial lent most frequently to those with incomes in the $50k-75k range, with 2,336 originations. The second most popular income band? $50k or less, with 1,913 originations.
Applicant Debt to Income Ratio
On Q Financial lent most frequently to those with DTI ratios of 30-36%, with 1,445 originations. The next most common DTI ratio? 20-30%, with 1,277 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.70%
On Q Financial has an average approval rate.
Pick Rate
Approvals leading to origination73.68%
On Q Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,045 | $2,337,015,000 | $258,376 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 237 | $31,175,000 | $131,540 |
| Single Family (1-4 Units):Site-Built | 8,808 | $2,305,840,000 | $261,789 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| On Q Financial | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| On Q Financial | FHA mortgage | Struggling to pay mortgage | 1 | 50.0% |