On Q Financial, LLC Mortgage Lending & HMDA Data, 2009
In 2009, On Q Financial, LLC of Scottsdale, AZ reported 1,916 mortgage applications totaling $404.1 million, up 168% from 2008. The average application was for $210,891, and applicants reported an average income of $94,087. 80% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (1,468), Seattle-Bellevue-Everett, WA (174) and San Diego-Carlsbad-San Marcos, CA (27) (applications in parentheses).
| Mortgage Company & Address | On Q Financial, LLC 4800 Scottsdale Rd Suite 5500 Scottsdale, AZ 85260 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 1,916 |
| Total Mortgage Loan Application Amount | $404,068,000 |
| Average Mortgage Loan Application Amount | $210,891 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $94,087 |
| Highest Applicant Income | $4,366,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Maricopa, Arizona | 1,237 | $ 248,378,000 | $ 200,790 | $ 91,000 |
| Pinal, Arizona | 231 | $ 25,310,000 | $ 109,567 | $ 62,000 |
| King, Washington | 158 | $ 59,580,000 | $ 377,088 | $ 155,000 |
| San Diego, California | 27 | $ 8,517,000 | $ 315,444 | $ 83,000 |
| Pima, Arizona | 26 | $ 3,849,000 | $ 148,038 | $ 61,000 |
| Los Angeles, California | 21 | $ 6,973,000 | $ 332,047 | $ 133,000 |
| Snohomish, Washington | 16 | $ 4,709,000 | $ 294,312 | $ 109,000 |
| Coconino, Arizona | 13 | $ 3,522,000 | $ 270,923 | $ 158,000 |
| Pierce, Washington | 9 | $ 2,910,000 | $ 323,333 | $ 109,000 |
| Navajo, Arizona | 8 | $ 1,500,000 | $ 187,500 | $ 211,000 |
| Yavapai, Arizona | 7 | $ 1,648,000 | $ 235,428 | $ 68,000 |
| Orange, California | 7 | $ 2,814,000 | $ 402,000 | $ 162,000 |
| Kitsap, Washington | 7 | $ 1,805,000 | $ 257,857 | $ 167,000 |
| Cook, Illinois | 6 | $ 1,482,000 | $ 247,000 | $ 85,000 |
| Gila, Arizona | 5 | $ 1,102,000 | $ 220,400 | $ 103,000 |
| DuPage, Illinois | 5 | $ 2,176,000 | $ 435,200 | $ 137,000 |
| Ventura, California | 4 | $ 1,256,000 | $ 314,000 | $ 78,000 |
| Riverside, California | 3 | $ 770,000 | $ 256,666 | $ 102,000 |
| San Bernardino, California | 3 | $ 598,000 | $ 199,333 | $ 83,000 |
| Chelan, Washington | 3 | $ 977,000 | $ 325,666 | $ 239,000 |
| Thurston, Washington | 3 | $ 1,110,000 | $ 370,000 | $ 234,000 |
| Cochise, Arizona | 2 | $ 245,000 | $ 122,500 | $ 55,000 |
| Butte, California | 2 | $ 553,000 | $ 276,500 | $ 89,000 |
| McHenry, Illinois | 2 | $ 417,000 | $ 208,500 | $ 137,000 |
| Grays Harbor, Washington | 2 | $ 439,000 | $ 219,500 | $ 172,000 |
| Island, Washington | 2 | $ 817,000 | $ 408,500 | $ 100,000 |
| Skagit, Washington | 2 | $ 977,000 | $ 488,500 | $ 69,000 |
| Madison, Alabama | 1 | $ 157,000 | $ 157,000 | $ 75,000 |
| Shelby, Alabama | 1 | $ 200,000 | $ 200,000 | $ 59,000 |
| Mohave, Arizona | 1 | $ 210,000 | $ 210,000 | $ 89,000 |
| Santa Cruz, Arizona | 1 | $ 59,000 | $ 59,000 | $ 34,000 |
| El Dorado, California | 1 | $ 342,000 | $ 342,000 | $ 138,000 |
| Madera, California | 1 | $ 78,000 | $ 78,000 | $ 34,000 |
| Monterey, California | 1 | $ 445,000 | $ 445,000 | $ 144,000 |
| Nevada, California | 1 | $ 338,000 | $ 338,000 | $ 184,000 |
| San Mateo, California | 1 | $ 257,000 | $ 257,000 | $ 67,000 |
| Shasta, California | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Sonoma, California | 1 | $ 623,000 | $ 623,000 | $ 0 |
| Tulare, California | 1 | $ 199,000 | $ 199,000 | $ 75,000 |
| Ouray, Colorado | 1 | $ 306,000 | $ 306,000 | $ 158,000 |
| Honolulu, Hawaii | 1 | $ 600,000 | $ 600,000 | $ 117,000 |
| Bonner, Idaho | 1 | $ 417,000 | $ 417,000 | $ 548,000 |
| Lake, Illinois | 1 | $ 407,000 | $ 407,000 | $ 144,000 |
| Buchanan, Missouri | 1 | $ 82,000 | $ 82,000 | $ 41,000 |
| Bernalillo, New Mexico | 1 | $ 112,000 | $ 112,000 | $ 24,000 |
| Catron, New Mexico | 1 | $ 80,000 | $ 80,000 | $ 68,000 |
| Luna, New Mexico | 1 | $ 185,000 | $ 185,000 | $ 61,000 |
| Valencia, New Mexico | 1 | $ 124,000 | $ 124,000 | $ 54,000 |
| Collin, Texas | 1 | $ 274,000 | $ 274,000 | $ 130,000 |
| Montgomery, Texas | 1 | $ 583,000 | $ 583,000 | $ 244,000 |
| Tarrant, Texas | 1 | $ 128,000 | $ 128,000 | $ 98,000 |
| Clark, Washington | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Douglas, Washington | 1 | $ 300,000 | $ 300,000 | $ 111,000 |
| Jefferson, Washington | 1 | $ 389,000 | $ 389,000 | $ 96,000 |
| Lewis, Washington | 1 | $ 190,000 | $ 190,000 | $ 0 |
| Whatcom, Washington | 1 | $ 302,000 | $ 302,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for On Q Financial, LLC in 2009
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,138 | $195,483,000 | $171,000 | $1,435,000 | $83,000 | $4,058,000 |
| Refinancing | 761 | $204,811,000 | $269,000 | $2,500,000 | $110,000 | $4,366,000 |
| Home Improvement | 17 | $3,774,000 | $222,000 | $417,000 | $124,000 | $652,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,486 | $327,244,000 | $220,000 | $2,500,000 | $99,000 | $4,366,000 |
| Hispanic | 189 | $25,407,000 | $134,000 | $417,000 | $56,000 | $424,000 |
| Not Provided | 120 | $28,156,000 | $234,000 | $900,000 | $110,000 | $537,000 |
| Asian | 54 | $12,639,000 | $234,000 | $577,000 | $107,000 | $360,000 |
| Black or African American | 46 | $7,352,000 | $159,000 | $456,000 | $60,000 | $184,000 |
| American Indian or Alaskan Native | 11 | $1,392,000 | $126,000 | $217,000 | $54,000 | $127,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,878,000 | $187,000 | $360,000 | $69,000 | $118,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,010 | $248,230,000 | $245,000 | $2,500,000 | $134,000 | $4,366,000 |
| FHA-insured (Federal Housing Administration) | 851 | $144,195,000 | $169,000 | $623,000 | $49,000 | $298,000 |
| VA-guaranteed (Veterans Administration) | 53 | $11,392,000 | $214,000 | $456,000 | $58,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $251,000 | $125,000 | $150,000 | $34,000 | $38,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,527 | $318,566,000 | $208,000 | $1,050,000 | $88,000 | $978,000 |
| Application Withdrawn By Applicant | 202 | $42,691,000 | $211,000 | $1,293,000 | $99,000 | $1,300,000 |
| Application Denied By Financial Institution | 146 | $33,389,000 | $228,000 | $2,500,000 | $145,000 | $4,366,000 |
| Application Approved But Not Accepted | 34 | $7,676,000 | $225,000 | $515,000 | $95,000 | $743,000 |
| File Closed For Incompleteness | 6 | $1,331,000 | $221,000 | $355,000 | $80,000 | $265,000 |
| Loan Purchased By The Institution | 1 | $415,000 | $415,000 | $415,000 | $978,000 | $978,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2009 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess On Q Financial, LLC's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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