On Q Financial Mortgage Rates, Fees & Info
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Mortgage Data
Review & 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 by origination volume include: Phoenix, Seattle, Greenville, Portland, and Denver among others. We have data for 258 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.66% | 4/22/24 |
| 30 Year Cash-out Refi | 6.93% | 4/22/24 |
| 30 Year FHA Purchase | 7.96% | 4/22/24 |
| 30 Year FHA Refi | 7.31% | 4/22/24 |
| 30 Year VA Purchase | 6.77% | 4/22/24 |
| 30 Year VA Refi | 5.86% | 4/22/24 |
| 30 Year USDA Purchase | 7.26% | 4/22/24 |
| 30 Year USDA Refi | 6.27% | 4/22/24 |
| 15 Year Conventional Purchase | 6.11% | 4/22/24 |
| 15 Year Conventional Refi | 6.11% | 4/22/24 |
| 15 Year Cash-out Refi | 6.11% | 4/22/24 |
| 15 Year FHA Refi | 7.26% | 4/22/24 |
| 15 Year VA Purchase | 5.68% | 4/22/24 |
| 15 Year VA Refi | 5.68% | 4/22/24 |
| 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
10,498Origination Dollar Volume (All Markets)
$3,015,710,000Awards
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ON Q FINANCIAL - 2020
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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) | 2,655 | $776,715,000 | $292,548 | $5,124 | 3.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1,082 | $489,620,000 | $452,514 | $5,509 | 3.27% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 948 | $187,110,000 | $197,373 | $4,671 | 3.34% |
| 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% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 355 | $86,515,000 | $243,704 | $6,144 | 3.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 301 | $86,455,000 | $287,226 | $5,508 | 3.20% |
| 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% |
| Outside of Metro Areas | 256 | $51,140,000 | $199,766 | $4,791 | 3.35% |
| 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% |
| Seneca, SC (FHA|USDA|VA) | 200 | $40,080,000 | $200,400 | $4,460 | 3.29% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 168 | $39,520,000 | $235,238 | $5,027 | 3.14% |
| 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% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 64 | $16,070,000 | $251,094 | $4,969 | 3.26% |
| 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% |
| 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% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 27 | $12,215,000 | $452,407 | $6,022 | 3.22% |
| 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% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $10,665,000 | $463,696 | $6,067 | 3.19% |
| 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% |
| Show Low, AZ (FHA|USDA|VA) | 38 | $9,350,000 | $246,053 | $4,946 | 3.54% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 44 | $9,320,000 | $211,818 | $5,696 | 3.39% |
| 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% |
| 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) | 20 | $6,680,000 | $334,000 | $4,069 | 2.98% |
| 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% |
| Branson, MO (FHA|USDA|VA) | 31 | $5,295,000 | $170,806 | $4,263 | 3.29% |
| 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% |
| GAINESVILLE, GA (FHA|USDA|VA) | 15 | $4,185,000 | $279,000 | $7,189 | 2.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $3,995,000 | $266,333 | $5,533 | 3.11% |
| 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% |
| Fernley, NV (FHA|USDA|VA) | 14 | $3,400,000 | $242,857 | $5,932 | 3.57% |
| BOISE CITY, ID (FHA|USDA|VA) | 11 | $3,385,000 | $307,727 | $5,734 | 3.13% |
| Port Angeles, WA (FHA|USDA|VA) | 11 | $3,205,000 | $291,364 | $5,120 | 3.41% |
| 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% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $2,760,000 | $460,000 | $4,387 | 3.46% |
| 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% |
| Oak Harbor, WA (FHA|USDA|VA) | 9 | $2,665,000 | $296,111 | $4,194 | 3.22% |
| LONGVIEW, WA (FHA|USDA|VA) | 8 | $2,630,000 | $328,750 | $5,413 | 3.22% |
| Breckenridge, CO (FHA|USDA|VA) | 7 | $2,555,000 | $365,000 | $3,630 | 3.32% |
| Ellensburg, WA (FHA|USDA|VA) | 8 | $2,510,000 | $313,750 | $5,321 | 3.48% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $3,656 | 3.84% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 11 | $2,355,000 | $214,091 | $4,365 | 2.99% |
| Thomasville, GA (FHA|USDA|VA) | 13 | $2,245,000 | $172,692 | $5,007 | 2.90% |
| YAKIMA, WA (FHA|USDA|VA) | 10 | $2,230,000 | $223,000 | $4,643 | 3.40% |
| Cañon City, CO (FHA|USDA|VA) | 10 | $2,150,000 | $215,000 | $10,232 | 3.18% |
| Outside of Metro Areas | 5 | $2,095,000 | $419,000 | $11,190 | 3.53% |
| 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% |
| Shelton, WA (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $6,691 | 3.04% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $4,774 | 3.29% |
| Fallon, NV (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $4,882 | 4.13% |
| 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% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $1,870,000 | $233,750 | $5,365 | 2.92% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $8,704 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 8 | $1,830,000 | $228,750 | $6,194 | 3.30% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $5,575 | 3.73% |
| Edwards, CO (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $3,908 | 3.25% |
| 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% |
| Payson, AZ (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $4,576 | 3.45% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $6,354 | 4.20% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $4,625 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $1,475,000 | $210,714 | $5,065 | 3.23% |
| Greenwood, SC (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $5,171 | 3.18% |
| 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% |
| Granbury, TX (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $5,881 | 3.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,579 | 2.43% |
| Aberdeen, WA (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $5,464 | 3.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $4,398 | 3.06% |
| 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% |
| Jefferson, GA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $5,273 | 3.25% |
| 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% |
| Sedalia, MO (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $4,658 | 3.28% |
| NEW BERN, NC (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,004 | 3.25% |
| Moscow, ID (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $4,180 | 3.88% |
| Albemarle, NC (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $4,970 | 3.48% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $2,935 | 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% |
| Moses Lake, WA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,086 | 3.25% |
| Key West, FL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,824 | 3.94% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $5,029 | 3.29% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $6,377 | 3.44% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,527 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,645 | 3.28% |
| Brevard, NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,298 | 3.33% |
| Gaffney, SC (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $6,137 | 3.85% |
| 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% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $9,505 | 4.19% |
| Wilson, NC (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $3,534 | 3.33% |
| Mexico, MO (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $5,459 | 3.38% |
| 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% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,557 | 2.19% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $10,261 | 3.75% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,985 | 3.29% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,721 | 2.94% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,506 | 3.46% |
| 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% |
| Sonora, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,104 | 3.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,201 | 3.38% |
| Heber, UT (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,864 | 2.56% |
| 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% |
| Hailey, ID (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,983 | 3.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,558 | 3.75% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,217 | 3.13% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,068 | 4.29% |
| Astoria, OR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,412 | 2.63% |
| Newport, OR (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,733 | 2.63% |
| Toccoa, GA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,513 | 3.46% |
| 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% |
| Elko, NV (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,763 | 3.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,177 | 3.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,537 | 2.88% |
| 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% |
| Shelby, NC (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,934 | 3.75% |
| 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% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,115 | 4.75% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,462 | 4.38% |
| 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% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,621 | 3.50% |
| Sanford, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,915 | 2.44% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,047 | 3.63% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,893 | 3.38% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,859 | 3.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,592 | 3.63% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,878 | 3.25% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,220 | 2.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,641 | 3.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,285 | 3.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,055 | 3.63% |
| Montrose, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,749 | 2.63% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,417 | 3.38% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,574 | 3.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.63% |
| Athens, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,879 | 3.63% |
| Tifton, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,277 | 5.50% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,820 | 3.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,791 | 3.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,266 | 3.38% |
| Rockport, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,267 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,070 | 3.13% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,163 | 2.38% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,704 | 4.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,026 | 3.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,995 | 2.63% |
| Lumberton, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,619 | 3.06% |
| Hood River, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,743 | 2.13% |
| ERIE, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,172 | 3.75% |
| Craig, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $16,211 | 2.38% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,961 | 5.00% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,532 | 4.06% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,691 | 4.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,433 | 3.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,125 | 3.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,086 | 3.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,440 | 2.88% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,044 | 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% |
| Snyder, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,263 | 3.63% |
| Danville, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $615 | 2.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,480 | 4.00% |
| LOUISVILLE, KY (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% |
| Susanville, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,505 | 2.50% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,736 | 2.38% |
| 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% |
| Centralia, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,021 | 3.38% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,542 | 3.88% |
| Taos, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,518 | 2.75% |
| ROME, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,250 | 5.38% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,067 | 3.38% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,097 | 4.75% |
| Cullman, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,238 | 4.88% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,258 | 2.50% |
| Union, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,004 | 3.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,692 | 3.63% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,460 | 2.75% |
| Marshall, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,290 | 5.25% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,256 | 3.38% |
| Newberry, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,031 | 5.13% |
| Woodward, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,468 | 3.38% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,247 | 4.25% |
| Rolla, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,081 | 5.50% |
| Kinston, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,193 | 4.38% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,109 | 2.88% |
| 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.
Their top states include:Arizona
(FHA|USDA|VA)
Washington
(FHA|USDA|VA)
South Carolina
(FHA|USDA|VA)
North Carolina
(FHA|USDA|VA)
California
(FHA|USDA|VA)
Their top states include:
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Product Mix
For 2020, On Q Financial's most frequently originated type of loan was Conventional, with 8,121 originations. Their 2nd most popular type was FHA, with 1,544 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. 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 2020, On Q Financial's most frequently cited loan purpose was Refi, with 5,511 originations. The 2nd most popular reason was Home Purchase, with 4,987 originations.
Loan Duration/Length
For 2020, On Q Financial's most frequently cited loan duration was 30 Year, with 8,887 originations. The 2nd most popular length was 15 Year, with 1,062 originations.
Origination Fees/Closing Costs
On Q Financial's average total fees were $5,286, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,025 originations.
Interest Rates
During 2020, On Q Financial's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 5,657 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications95.08%
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 origination74.07%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| On Q Financial | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| On Q Financial | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
| On Q Financial | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| On Q Financial | FHA mortgage | Struggling to pay mortgage | 1 | 20.0% |