On Q Financial Mortgage Rates, Fees & Info

TEMPE, AZ

LEI: 549300SVKVT1EF3U0N48

Tax ID: 51-0517525

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    • 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. Their top markets by origination volume include: Phoenix, Seattle, Portland, Greenville, and Denver among others. We have data for 209 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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    8,638

    Origination Dollar Volume (All Markets)

    $2,453,020,000
    Show all (35) awards

    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) 2,077 $575,515,000 $277,090 $5,366 4.38%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 863 $386,125,000 $447,422 $6,327 4.24%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 457 $144,865,000 $316,991 $5,802 4.13%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 608 $114,330,000 $188,043 $4,592 4.48%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 195 $77,685,000 $398,385 $4,091 4.23%
    WILMINGTON, NC (FHA|USDA|VA) 337 $76,695,000 $227,582 $4,585 4.29%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 141 $76,265,000 $540,887 $6,008 4.62%
    RENO, NV (FHA|USDA|VA) 220 $73,720,000 $335,091 $5,374 4.39%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 211 $64,415,000 $305,284 $5,691 4.01%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 245 $61,945,000 $252,837 $5,258 4.51%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 140 $61,010,000 $435,786 $5,488 4.26%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 139 $33,285,000 $239,460 $5,432 4.54%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 128 $31,950,000 $249,609 $6,052 4.19%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 100 $31,420,000 $314,200 $5,505 4.18%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 58 $30,100,000 $518,966 $6,457 4.33%
    Outside of Metro Areas 156 $28,620,000 $183,462 $4,371 4.33%
    BAKERSFIELD, CA (FHA|USDA|VA) 127 $27,855,000 $219,331 $6,447 4.48%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 98 $25,280,000 $257,959 $5,334 4.29%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 106 $24,580,000 $231,887 $4,100 4.12%
    Seneca, SC (FHA|USDA|VA) 145 $23,855,000 $164,517 $4,312 4.56%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 111 $22,225,000 $200,225 $4,986 4.33%
    VALLEJO, CA (FHA|USDA|VA) 48 $20,200,000 $420,833 $5,889 3.89%
    SAVANNAH, GA (FHA|USDA|VA) 92 $19,290,000 $209,674 $5,351 4.32%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 89 $19,115,000 $214,775 $5,336 4.24%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 31 $17,385,000 $560,806 $7,407 4.35%
    PUEBLO, CO (FHA|USDA|VA) 93 $16,445,000 $176,828 $5,903 4.47%
    JACKSONVILLE, NC (FHA|USDA|VA) 90 $16,000,000 $177,778 $4,191 4.40%
    TALLAHASSEE, FL (FHA|USDA|VA) 85 $15,705,000 $184,765 $4,770 4.42%
    SPARTANBURG, SC (FHA|USDA|VA) 90 $15,080,000 $167,556 $4,544 4.52%
    RALEIGH-CARY, NC (FHA|USDA|VA) 64 $15,030,000 $234,844 $4,463 4.30%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 67 $14,225,000 $212,313 $3,918 4.11%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 45 $13,725,000 $305,000 $5,872 4.17%
    SPRINGFIELD, MO (FHA|USDA|VA) 68 $12,030,000 $176,912 $4,115 4.09%
    DOVER, DE (FHA|USDA|VA) 52 $11,970,000 $230,192 $6,037 3.96%
    WENATCHEE, WA (FHA|USDA|VA) 29 $9,285,000 $320,172 $4,721 4.53%
    CARSON CITY, NV (FHA|USDA|VA) 37 $9,215,000 $249,054 $6,530 4.53%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 19 $8,855,000 $466,053 $8,602 4.74%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $8,010,000 $286,071 $5,301 4.36%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 34 $7,760,000 $228,235 $5,136 4.49%
    FLAGSTAFF, AZ (FHA|USDA|VA) 29 $7,565,000 $260,862 $6,058 4.64%
    GREENVILLE, NC (FHA|USDA|VA) 45 $7,405,000 $164,556 $4,304 4.43%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 28 $6,920,000 $247,143 $4,644 4.15%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 23 $6,525,000 $283,696 $6,170 4.59%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 16 $6,040,000 $377,500 $5,729 4.01%
    Fernley, NV (FHA|USDA|VA) 24 $5,900,000 $245,833 $5,514 4.66%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 25 $5,735,000 $229,400 $6,914 4.62%
    TUCSON, AZ (FHA|USDA|VA) 26 $5,580,000 $214,615 $4,970 4.24%
    SALISBURY, MD-DE (FHA|USDA|VA) 29 $5,465,000 $188,448 $5,718 4.17%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $5,460,000 $455,000 $6,379 4.21%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 30 $4,840,000 $161,333 $3,946 4.43%
    Show Low, AZ (FHA|USDA|VA) 22 $4,630,000 $210,455 $4,412 4.31%
    ALBUQUERQUE, NM (FHA|USDA|VA) 20 $4,540,000 $227,000 $4,614 5.04%
    WINSTON-SALEM, NC (FHA|USDA|VA) 27 $4,455,000 $165,000 $3,888 4.19%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 18 $4,330,000 $240,556 $5,723 4.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $4,120,000 $294,286 $4,966 4.20%
    ROCKY MOUNT, NC (FHA|USDA|VA) 29 $3,965,000 $136,724 $4,270 4.88%
    Branson, MO (FHA|USDA|VA) 25 $3,685,000 $147,400 $3,282 3.95%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 11 $3,625,000 $329,545 $4,830 4.52%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $3,550,000 $295,833 $5,716 3.96%
    SALEM, OR (FHA|USDA|VA) 15 $3,445,000 $229,667 $4,829 4.35%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $3,325,000 $302,273 $5,510 3.75%
    SALT LAKE CITY, UT (FHA|USDA|VA) 12 $3,260,000 $271,667 $7,124 4.56%
    BOISE CITY, ID (FHA|USDA|VA) 12 $3,250,000 $270,833 $7,103 4.19%
    Oak Harbor, WA (FHA|USDA|VA) 9 $3,105,000 $345,000 $6,533 4.92%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 15 $2,765,000 $184,333 $4,067 4.31%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $2,685,000 $383,571 $6,022 4.41%
    BURLINGTON, NC (FHA|USDA|VA) 12 $2,480,000 $206,667 $4,514 4.20%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,400,000 $300,000 $4,132 4.22%
    PUNTA GORDA, FL (FHA|USDA|VA) 14 $2,350,000 $167,857 $4,097 4.72%
    COLUMBIA, MO (FHA|USDA|VA) 13 $2,235,000 $171,923 $2,649 4.06%
    Breckenridge, CO (FHA|USDA|VA) 4 $2,170,000 $542,500 $5,884 3.84%
    FAYETTEVILLE, NC (FHA|USDA|VA) 10 $1,830,000 $183,000 $3,952 4.10%
    Morehead City, NC (FHA|USDA|VA) 7 $1,745,000 $249,286 $4,259 4.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,725,000 $345,000 $7,917 4.10%
    NAPA, CA (FHA|USDA|VA) 3 $1,665,000 $555,000 $14,026 4.00%
    Fallon, NV (FHA|USDA|VA) 7 $1,615,000 $230,714 $3,583 4.50%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $1,610,000 $402,500 $3,357 3.97%
    BELLINGHAM, WA (FHA|USDA|VA) 5 $1,545,000 $309,000 $3,268 4.10%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 7 $1,495,000 $213,571 $5,825 4.13%
    HINESVILLE, GA (FHA|USDA|VA) 8 $1,480,000 $185,000 $4,588 4.69%
    FRESNO, CA (FHA|USDA|VA) 5 $1,405,000 $281,000 $11,356 4.15%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,360,000 $226,667 $5,157 4.44%
    MODESTO, CA (FHA|USDA|VA) 5 $1,305,000 $261,000 $6,436 3.60%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,445 4.06%
    JEFFERSON CITY, MO (FHA|USDA|VA) 7 $1,245,000 $177,857 $5,164 4.09%
    VALDOSTA, GA (FHA|USDA|VA) 6 $1,230,000 $205,000 $4,002 3.52%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,195,000 $239,000 $7,449 4.43%
    Statesboro, GA (FHA|USDA|VA) 5 $1,145,000 $229,000 $6,820 4.88%
    STOCKTON, CA (FHA|USDA|VA) 4 $1,110,000 $277,500 $6,445 3.59%
    Aberdeen, WA (FHA|USDA|VA) 5 $1,065,000 $213,000 $4,755 4.65%
    Edwards, CO (FHA|USDA|VA) 2 $1,040,000 $520,000 $8,610 4.00%
    BOULDER, CO (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,868 4.42%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $3,962 4.38%
    SALINAS, CA (FHA|USDA|VA) 2 $970,000 $485,000 $5,341 4.19%
    BEND, OR (FHA|USDA|VA) 3 $935,000 $311,667 $4,612 4.00%
    Jefferson, GA (FHA|USDA|VA) 4 $930,000 $232,500 $5,455 3.97%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $925,000 $308,333 $9,037 3.54%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $910,000 $455,000 $3,849 4.63%
    LONGVIEW, WA (FHA|USDA|VA) 4 $910,000 $227,500 $2,350 4.88%
    Outside of Metro Areas 2 $900,000 $450,000 $5,772 4.31%
    Roanoke Rapids, NC (FHA|USDA|VA) 4 $880,000 $220,000 $4,396 4.28%
    Payson, AZ (FHA|USDA|VA) 4 $870,000 $217,500 $4,249 4.78%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $830,000 $207,500 $3,773 4.00%
    GREELEY, CO (FHA|USDA|VA) 2 $820,000 $410,000 $2,754 3.81%
    Newport, OR (FHA|USDA|VA) 3 $785,000 $261,667 $6,323 4.21%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $740,000 $370,000 $1,915 4.44%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $725,000 $241,667 $4,627 4.33%
    NEW BERN, NC (FHA|USDA|VA) 5 $705,000 $141,000 $3,808 4.85%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $690,000 $172,500 $4,048 5.34%
    YUBA CITY, CA (FHA|USDA|VA) 2 $690,000 $345,000 $11,038 3.75%
    GAINESVILLE, GA (FHA|USDA|VA) 3 $675,000 $225,000 $3,972 4.08%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $660,000 $165,000 $3,422 4.28%
    Thomasville, GA (FHA|USDA|VA) 4 $660,000 $165,000 $4,263 3.63%
    Moses Lake, WA (FHA|USDA|VA) 3 $655,000 $218,333 $4,089 3.83%
    Greenwood, SC (FHA|USDA|VA) 6 $640,000 $106,667 $3,506 5.15%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $580,000 $290,000 $3,249 4.13%
    Port Angeles, WA (FHA|USDA|VA) 2 $560,000 $280,000 $3,480 4.50%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $560,000 $280,000 $1,848 4.13%
    Gainesville, TX (FHA|USDA|VA) 1 $555,000 $555,000 $5,730 4.13%
    WARNER ROBINS, GA (FHA|USDA|VA) 3 $555,000 $185,000 $5,392 4.54%
    Centralia, WA (FHA|USDA|VA) 2 $550,000 $275,000 $4,324 4.44%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $530,000 $265,000 $2,696 3.81%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $505,000 $168,333 $3,186 3.67%
    VISALIA, CA (FHA|USDA|VA) 3 $495,000 $165,000 $5,940 4.21%
    La Grande, OR (FHA|USDA|VA) 1 $485,000 $485,000 $7,785 4.13%
    Thomaston, GA (FHA|USDA|VA) 3 $485,000 $161,667 $3,864 4.83%
    Albemarle, NC (FHA|USDA|VA) 4 $480,000 $120,000 $4,344 3.97%
    Cañon City, CO (FHA|USDA|VA) 2 $480,000 $240,000 $8,920 4.75%
    COLUMBIA, SC (FHA|USDA|VA) 3 $465,000 $155,000 $4,108 4.83%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $465,000 $465,000 $6,449 3.88%
    Henderson, NC (FHA|USDA|VA) 3 $435,000 $145,000 $4,443 4.75%
    Wilson, NC (FHA|USDA|VA) 3 $425,000 $141,667 $3,034 5.04%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $405,000 $405,000 $13,300 4.25%
    Granbury, TX (FHA|USDA|VA) 1 $395,000 $395,000 $4,729 3.13%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $395,000 $395,000 $7,555 3.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $390,000 $195,000 $3,736 4.38%
    Montrose, CO (FHA|USDA|VA) 1 $385,000 $385,000 $4,626 3.25%
    Mexico, MO (FHA|USDA|VA) 2 $380,000 $190,000 $6,238 5.44%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,482 4.19%
    LAREDO, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,494 4.13%
    MADERA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $7,012 5.38%
    Forest City, NC (FHA|USDA|VA) 1 $345,000 $345,000 $20,997 4.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $340,000 $170,000 $5,782 4.81%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $335,000 $335,000 $0 5.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $330,000 $165,000 $4,062 4.94%
    LEWISTON, ID-WA (FHA|USDA|VA) 2 $330,000 $165,000 $5,542 4.13%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $330,000 $165,000 $3,640 4.81%
    Cullowhee, NC (FHA|USDA|VA) 2 $330,000 $165,000 $4,899 4.56%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $325,000 $325,000 $3,734 3.88%
    CORVALLIS, OR (FHA|USDA|VA) 1 $325,000 $325,000 $4,261 4.88%
    Vidalia, GA (FHA|USDA|VA) 1 $325,000 $325,000 $5,907 3.25%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,894 4.88%
    Shelby, NC (FHA|USDA|VA) 1 $295,000 $295,000 $642 5.99%
    Hood River, OR (FHA|USDA|VA) 1 $295,000 $295,000 $8,919 4.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $5,570 4.38%
    Elko, NV (FHA|USDA|VA) 1 $285,000 $285,000 $4,049 5.13%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,098 4.25%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $265,000 $265,000 $9,866 3.88%
    Roseburg, OR (FHA|USDA|VA) 1 $265,000 $265,000 $4,094 4.38%
    Clearlake, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,202 6.38%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $265,000 $265,000 $2,909 3.75%
    Cornelia, GA (FHA|USDA|VA) 1 $255,000 $255,000 $8,082 4.13%
    DOTHAN, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,279 3.88%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $255,000 $255,000 $3,711 3.25%
    Española, NM (FHA|USDA|VA) 1 $245,000 $245,000 $4,886 5.25%
    Boone, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,420 4.38%
    Mount Airy, NC (FHA|USDA|VA) 2 $240,000 $120,000 $3,497 3.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $230,000 $115,000 $4,276 4.38%
    Moberly, MO (FHA|USDA|VA) 1 $225,000 $225,000 $5,704 4.00%
    Rockport, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,278 3.38%
    Stillwater, OK (FHA|USDA|VA) 1 $215,000 $215,000 $5,155 3.88%
    ROANOKE, VA (FHA|USDA|VA) 1 $215,000 $215,000 $5,334 2.88%
    Ellensburg, WA (FHA|USDA|VA) 1 $215,000 $215,000 $5,825 4.50%
    SANTA FE, NM (FHA|USDA|VA) 1 $205,000 $205,000 $7,209 4.63%
    Newberry, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,832 4.88%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $205,000 $205,000 $3,812 4.63%
    TYLER, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,762 3.25%
    JOPLIN, MO (FHA|USDA|VA) 1 $205,000 $205,000 $6,754 4.13%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $4,793 3.88%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $200,000 $100,000 $3,755 4.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,198 3.88%
    Washington, NC (FHA|USDA|VA) 2 $190,000 $95,000 $2,582 5.06%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $185,000 $185,000 $7,221 4.13%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $185,000 $185,000 $6,919 2.75%
    FAIRBANKS, AK (FHA|USDA|VA) 1 $185,000 $185,000 $1,818 4.13%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $5,221 4.25%
    Kinston, NC (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $175,000 $175,000 $3,660 5.13%
    Waycross, GA (FHA|USDA|VA) 2 $170,000 $85,000 $4,317 4.81%
    Tifton, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,109 3.25%
    ABILENE, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,971 3.88%
    CHICO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,751 4.50%
    Pontiac, IL (FHA|USDA|VA) 1 $155,000 $155,000 $3,392 3.88%
    DALTON, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,368 5.63%
    Jesup, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,699 3.75%
    Cambridge, MD (FHA|USDA|VA) 1 $145,000 $145,000 $5,147 5.13%
    YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,624 3.50%
    FARMINGTON, NM (FHA|USDA|VA) 1 $135,000 $135,000 $4,016 4.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,079 4.25%
    Arcadia, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,751 4.25%
    Lebanon, MO (FHA|USDA|VA) 1 $125,000 $125,000 $3,644 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,605 3.00%
    Nogales, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,503 2.88%
    AMARILLO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,704 3.88%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.13%
    Gaffney, SC (FHA|USDA|VA) 1 $105,000 $105,000 $733 3.38%
    POCATELLO, ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
    Sunbury, PA (FHA|USDA|VA) 1 $45,000 $45,000 $3,106 6.25%
    Safford, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $4,378 6.13%
    On Q Financial's top markets include Phoenix, Seattle, Portland, Greenville, and Denver among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,979 $1,671,985,000 $279,643 $5,253 4.31%
    FHA 1,864 $548,250,000 $294,126 $5,423 4.40%
    VA 795 $232,785,000 $292,811 $5,361 4.40%

    For 2019, On Q Financial's most frequently originated type of loan was Conventional, with 5,979 originations. Their 2nd most popular type was FHA, with 1,864 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,472 $2,133,970,000 $285,596 $5,303 4.35%
    Cash Out Refi 671 $180,875,000 $269,560 $5,278 4.28%
    Refi 438 $122,640,000 $280,000 $5,291 4.22%
    NA 52 $14,360,000 $276,154 $5,282 4.54%
    Other 5 $1,175,000 $235,000 $4,584 4.43%

    For 2019, On Q Financial's most frequently cited loan purpose was Home Purchase, with 7,472 originations. The 2nd most popular reason was Cash Out Refi, with 671 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,907 $2,277,395,000 $288,023 $5,372 4.38%
    15 Year 506 $118,080,000 $233,360 $3,892 3.51%
    30+ year 95 $26,485,000 $278,789 $8,568 5.09%
    20 Year 85 $21,625,000 $254,412 $3,849 4.35%
    Other 32 $8,170,000 $255,313 $5,862 5.01%
    10 Year 13 $1,265,000 $97,308 $2,223 4.16%

    For 2019, On Q Financial's most frequently cited loan duration was 30 Year, with 7,907 originations. The 2nd most popular length was 15 Year, with 506 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,840 $1,369,410,000 $282,936
    $2k-3k 1,212 $320,480,000 $264,422
    $<1k 745 $161,535,000 $216,826
    $3k-4k 605 $179,805,000 $297,198
    $5k+ 445 $202,115,000 $454,191
    $4k-5k 334 $114,020,000 $341,377

    On Q Financial's average total fees were $5,372, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,840 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 3,922 $1,116,180,000 $284,595
    3-4% 3,324 $1,020,010,000 $306,862
    5-6% 1,029 $240,365,000 $233,591
    6-7% 211 $41,505,000 $196,706
    2.5-3% 114 $27,580,000 $241,930
    7-8% 21 $6,255,000 $297,857
    <2.5% 14 $480,000 $34,286
    Over 8% 3 $645,000 $215,000

    During 2019, On Q Financial's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 3,922 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,371 $1,231,365,000 $281,712 $5,542 4.27%
    $100k-200k 2,325 $360,015,000 $154,845 $4,288 4.44%
    $400k-600k 1,176 $549,800,000 $467,517 $6,218 4.17%
    $100,000 or less 425 $31,255,000 $73,541 $3,375 4.87%
    $600k-1MM 289 $209,895,000 $726,280 $7,314 4.31%
    $1MM+ 52 $70,690,000 $1,359,423 $9,268 4.13%

    2019 saw On Q Financial place emphasis on $200k-400k loans with 4,371 originations, totaling $1,231,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,097 $470,935,000 $224,576 $5,295 4.34%
    $100k-150k 1,735 $571,205,000 $329,225 $5,539 4.30%
    $75k-100k 1,617 $435,925,000 $269,589 $5,444 4.36%
    $50k or less 1,599 $272,565,000 $170,460 $4,578 4.38%
    $150k-250k 1,052 $426,640,000 $405,551 $5,690 4.32%
    $250k+ 457 $249,965,000 $546,969 $5,776 4.34%

    On Q Financial lent most frequently to those with incomes in the $50k-75k range, with 2,097 originations. The second most popular income band? $100k-150k, with 1,735 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,436 $428,590,000 $298,461 $5,145 4.29%
    20-30% 1,434 $411,530,000 $286,980 $4,742 4.23%
    50-60% 543 $142,725,000 $262,845 $7,719 4.37%
    <20% 408 $105,300,000 $258,088 $4,156 4.28%
    49% 404 $113,510,000 $280,965 $5,847 4.46%
    44% 400 $112,300,000 $280,750 $5,628 4.38%
    42% 372 $108,840,000 $292,581 $5,195 4.48%
    43% 368 $96,600,000 $262,500 $5,422 4.48%
    38% 355 $104,175,000 $293,451 $5,165 4.40%
    40% 347 $100,835,000 $290,591 $4,905 4.35%
    39% 338 $97,600,000 $288,757 $5,124 4.32%
    41% 325 $87,335,000 $268,723 $5,036 4.44%
    36% 305 $87,665,000 $287,426 $5,247 4.39%
    37% 289 $82,555,000 $285,657 $5,088 4.35%
    45% 287 $76,115,000 $265,209 $5,575 4.36%
    46% 275 $74,845,000 $272,164 $5,468 4.41%
    48% 262 $72,600,000 $277,099 $5,537 4.40%
    47% 259 $72,965,000 $281,718 $5,597 4.38%
    >60% 41 $15,885,000 $387,439 $6,900 4.76%

    On Q Financial lent most frequently to those with DTI ratios of 30-36%, with 1,436 originations. The next most common DTI ratio? 20-30%, with 1,434 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,888 $1,917,230,000 $278,343 $5,218 4.34%
    Not provided 901 $297,235,000 $329,895 $5,540 4.26%
    Black 508 $123,850,000 $243,799 $5,662 4.47%
    Asian 272 $89,790,000 $330,110 $5,879 4.28%
    Asian Indian 32 $15,000,000 $468,750 $5,311 3.95%
    American Indian 21 $5,045,000 $240,238 $4,930 4.30%
    Native Hawaiian or Islander 15 $4,675,000 $311,667 $7,151 4.60%
    Samoan 1 $195,000 $195,000 $4,280 4.13%

    Approval Rates

    Total approvals of all applications
    93.95%

    On Q Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.73%

    On Q Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,638 $2,453,020,000 $283,980

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 227 $34,715,000 $152,930
    Single Family (1-4 Units):Site-Built 8,411 $2,418,305,000 $287,517

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 256 $54,350,000 $212,305 $3,795 4.21%
    40-60% 788 $213,980,000 $271,548 $4,181 4.11%
    60-80% 2,469 $786,985,000 $318,746 $4,705 4.28%
    80-100% 4,900 $1,344,680,000 $274,424 $5,692 4.41%
    Over 100% 150 $45,640,000 $304,267 $10,820 4.22%
    Under 20% 75 $7,385,000 $98,467 $1,738 4.49%