On Q Financial, LLC Mortgage Lending & HMDA Data, 2024
In 2024, On Q Financial, LLC of Scottsdale, AZ reported 1,690 mortgage applications totaling $647.4 million, down 45% from 2023. The average application was for $383,100, and applicants reported an average income of $148,314. 64% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (439), Seattle-Bellevue-Everett, WA (119) and Greenville-Anderson-Mauldin, SC (109) (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 | 1,690 |
| Total Mortgage Loan Application Amount | $647,440,000 |
| Average Mortgage Loan Application Amount | $383,100 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $148,314 |
| Highest Applicant Income | $3,589,000 |
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Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 439 | $ 198,835,000 | $ 452,927 | $ 166,000 |
| Outside any metro area | 228 | $ 58,880,000 | $ 258,245 | $ 105,021 |
| Seattle-Bellevue-Everett, WA | 119 | $ 88,555,000 | $ 744,159 | $ 296,000 |
| Greenville-Anderson-Mauldin, SC | 109 | $ 31,275,000 | $ 286,926 | $ 116,000 |
| Redding, CA | 81 | $ 25,455,000 | $ 314,259 | $ 124,000 |
| Charlotte-Concord-Gastonia, NC-SC | 77 | $ 20,355,000 | $ 264,350 | $ 91,259 |
| Salt Lake City, UT | 52 | $ 16,940,000 | $ 325,769 | $ 107,000 |
| Ogden-Clearfield, UT | 50 | $ 16,410,000 | $ 328,200 | $ 108,000 |
| Prescott Valley-Prescott, AZ | 47 | $ 13,315,000 | $ 283,297 | $ 100,000 |
| Tacoma-Lakewood, WA | 39 | $ 17,705,000 | $ 453,974 | $ 133,000 |
| Spartanburg, SC | 30 | $ 7,280,000 | $ 242,666 | $ 89,000 |
| Everett, WA | 25 | $ 16,145,000 | $ 645,800 | $ 201,000 |
| Casper, WY | 24 | $ 8,240,000 | $ 343,333 | $ 151,000 |
| Fort Smith, AR-OK | 23 | $ 4,315,000 | $ 187,608 | $ 85,565 |
| Louisville/Jefferson County, KY-IN | 22 | $ 5,950,000 | $ 270,454 | $ 139,909 |
| Columbia, MO | 17 | $ 4,305,000 | $ 253,235 | $ 107,000 |
| Oakland-Hayward-Berkeley, CA | 15 | $ 6,025,000 | $ 401,666 | $ 132,000 |
| South Bend-Mishawaka, IN-MI | 11 | $ 2,155,000 | $ 195,909 | $ 82,000 |
| Denver-Aurora-Lakewood, CO | 10 | $ 6,730,000 | $ 673,000 | $ 248,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 10 | $ 2,870,000 | $ 287,000 | $ 110,000 |
| Flagstaff, AZ | 10 | $ 3,020,000 | $ 302,000 | $ 154,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 10 | $ 3,150,000 | $ 315,000 | $ 114,000 |
| Spokane-Spokane Valley, WA | 10 | $ 4,980,000 | $ 498,000 | $ 271,000 |
| Mount Vernon-Anacortes, WA | 9 | $ 6,225,000 | $ 691,666 | $ 228,000 |
| Indianapolis-Carmel-Anderson, IN | 8 | $ 1,560,000 | $ 195,000 | $ 83,000 |
| Orlando-Kissimmee-Sanford, FL | 8 | $ 2,520,000 | $ 315,000 | $ 272,000 |
| Springfield, MO | 8 | $ 1,820,000 | $ 227,500 | $ 62,000 |
| Cincinnati, OH-KY-IN | 7 | $ 1,245,000 | $ 177,857 | $ 65,000 |
| Olympia-Tumwater, WA | 7 | $ 2,315,000 | $ 330,714 | $ 95,000 |
| Reno, NV | 7 | $ 2,635,000 | $ 376,428 | $ 133,000 |
| Colorado Springs, CO | 6 | $ 2,440,000 | $ 406,666 | $ 155,000 |
| San Antonio-New Braunfels, TX | 6 | $ 1,210,000 | $ 201,666 | $ 99,000 |
| Jefferson City, MO | 5 | $ 1,345,000 | $ 269,000 | $ 94,000 |
| Knoxville, TN | 5 | $ 1,335,000 | $ 267,000 | $ 110,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 7,805,000 | $ 1,561,000 | $ 691,000 |
| St. Petersburg-Clearwater-Largo, FL | 5 | $ 1,505,000 | $ 301,000 | $ 158,000 |
| Austin-Round Rock, TX | 4 | $ 1,310,000 | $ 327,500 | $ 118,000 |
| Dallas-Plano-Irving, TX | 4 | $ 580,000 | $ 145,000 | $ 51,000 |
| Dayton-Springfield-Kettering, OH | 4 | $ 850,000 | $ 212,500 | $ 97,000 |
| Elkhart-Goshen, IN | 4 | $ 730,000 | $ 182,500 | $ 68,000 |
| Jacksonville, FL | 4 | $ 1,010,000 | $ 252,500 | $ 151,000 |
| Lake Havasu City-Kingman, AZ | 4 | $ 960,000 | $ 240,000 | $ 66,000 |
| Sierra Vista-Douglas, AZ | 4 | $ 610,000 | $ 152,500 | $ 42,000 |
| St. Louis, MO-IL | 4 | $ 870,000 | $ 217,500 | $ 86,000 |
| Tampa, FL | 4 | $ 1,320,000 | $ 330,000 | $ 95,000 |
| Wenatchee, WA | 4 | $ 4,170,000 | $ 1,042,500 | $ 452,000 |
| Bremerton-Silverdale, WA | 3 | $ 2,225,000 | $ 741,666 | $ 243,000 |
| Chicago-Naperville, IL | 3 | $ 735,000 | $ 245,000 | $ 114,000 |
| Chico, CA | 3 | $ 755,000 | $ 251,666 | $ 96,000 |
| Logan, UT-ID | 3 | $ 1,325,000 | $ 441,666 | $ 122,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,785,000 | $ 595,000 | $ 227,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,045,000 | $ 348,333 | $ 91,000 |
| Michigan City-La Porte, IN | 3 | $ 475,000 | $ 158,333 | $ 71,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 1,295,000 | $ 431,666 | $ 252,000 |
| Sherman-Denison, TX | 3 | $ 915,000 | $ 305,000 | $ 89,000 |
| St. George, UT | 3 | $ 915,000 | $ 305,000 | $ 112,000 |
| Urban Honolulu, HI | 3 | $ 2,625,000 | $ 875,000 | $ 1,618,000 |
| Canton-Massillon, OH | 2 | $ 350,000 | $ 175,000 | $ 57,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 550,000 | $ 275,000 | $ 77,000 |
| Chattanooga, TN-GA | 2 | $ 250,000 | $ 125,000 | $ 67,000 |
| Cleveland, OH | 2 | $ 370,000 | $ 185,000 | $ 73,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 250,000 | $ 125,000 | $ 141,000 |
| Eugene, OR | 2 | $ 580,000 | $ 290,000 | $ 162,000 |
| Greeley, CO | 2 | $ 970,000 | $ 485,000 | $ 109,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 550,000 | $ 275,000 | $ 82,000 |
| Homosassa Springs, FL | 2 | $ 430,000 | $ 215,000 | $ 77,000 |
| Hot Springs, AR | 2 | $ 520,000 | $ 260,000 | $ 120,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 560,000 | $ 280,000 | $ 102,000 |
| Lakeland-Winter Haven, FL | 2 | $ 780,000 | $ 390,000 | $ 109,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 970,000 | $ 485,000 | $ 71,000 |
| Provo-Orem, UT | 2 | $ 990,000 | $ 495,000 | $ 152,000 |
| Pueblo, CO | 2 | $ 540,000 | $ 270,000 | $ 141,000 |
| San Diego-Carlsbad, CA | 2 | $ 1,210,000 | $ 605,000 | $ 254,000 |
| Twin Falls, ID | 2 | $ 460,000 | $ 230,000 | $ 87,000 |
| Winston-Salem, NC | 2 | $ 600,000 | $ 300,000 | $ 82,000 |
| Bellingham, WA | 1 | $ 545,000 | $ 545,000 | $ 121,000 |
| Bend-Redmond, OR | 1 | $ 235,000 | $ 235,000 | $ 151,000 |
| Bismarck, ND | 1 | $ 285,000 | $ 285,000 | $ 120,000 |
| Charleston-North Charleston, SC | 1 | $ 375,000 | $ 375,000 | $ 105,000 |
| Columbia, SC | 1 | $ 265,000 | $ 265,000 | $ 68,000 |
| Columbus, OH | 1 | $ 415,000 | $ 415,000 | $ 80,000 |
| Fargo, ND-MN | 1 | $ 295,000 | $ 295,000 | $ 110,000 |
| Gainesville, FL | 1 | $ 205,000 | $ 205,000 | $ 82,000 |
| Jackson, MI | 1 | $ 125,000 | $ 125,000 | $ 123,000 |
| Jackson, TN | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Lexington-Fayette, KY | 1 | $ 215,000 | $ 215,000 | $ 129,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Medford, OR | 1 | $ 595,000 | $ 595,000 | $ 187,000 |
| Memphis, TN-MS-AR | 1 | $ 135,000 | $ 135,000 | $ 198,000 |
| Modesto, CA | 1 | $ 325,000 | $ 325,000 | $ 64,000 |
| Muskegon, MI | 1 | $ 425,000 | $ 425,000 | $ 150,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 225,000 | $ 225,000 | $ 48,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 465,000 | $ 465,000 | $ 178,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 335,000 | $ 335,000 | $ 98,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 845,000 | $ 845,000 | $ 491,000 |
| Panama City, FL | 1 | $ 295,000 | $ 295,000 | $ 78,000 |
| Pinehurst-Southern Pines, NC | 1 | $ 555,000 | $ 555,000 | $ 171,000 |
| Pocatello, ID | 1 | $ 105,000 | $ 105,000 | $ 103,000 |
| Raleigh, NC | 1 | $ 495,000 | $ 495,000 | $ 190,000 |
| Roanoke, VA | 1 | $ 385,000 | $ 385,000 | $ 130,000 |
| Rocky Mount, NC | 1 | $ 225,000 | $ 225,000 | $ 175,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 765,000 | $ 765,000 | $ 861,000 |
| Stockton-Lodi, CA | 1 | $ 455,000 | $ 455,000 | $ 88,000 |
| Tallahassee, FL | 1 | $ 155,000 | $ 155,000 | $ 68,000 |
| Tucson, AZ | 1 | $ 365,000 | $ 365,000 | $ 112,000 |
| Tulsa, OK | 1 | $ 95,000 | $ 95,000 | $ 38,000 |
| Visalia-Porterville, CA | 1 | $ 265,000 | $ 265,000 | $ 133,000 |
| Waco, TX | 1 | $ 385,000 | $ 385,000 | $ 210,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 225,000 | $ 225,000 | $ 254,000 |
| Wausau, WI | 1 | $ 465,000 | $ 465,000 | $ 345,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,085,000 | $ 1,085,000 | $ 485,000 |
| Wildwood-The Villages, FL | 1 | $ 205,000 | $ 205,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for On Q Financial, LLC in 2024
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 | 1,451 | $563,755,000 | $388,000 | $3,005,000 | $148,000 | $2,160,000 |
| Cash-out Refinancing | 136 | $44,600,000 | $327,000 | $1,825,000 | $136,000 | $861,000 |
| Refinancing | 103 | $39,085,000 | $379,000 | $1,635,000 | $169,000 | $3,589,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,032 | $374,140,000 | $362,000 | $2,945,000 | $138,000 | $1,398,000 |
| Not Provided | 326 | $144,790,000 | $444,000 | $3,005,000 | $194,000 | $3,589,000 |
| Hispanic | 166 | $58,250,000 | $350,000 | $845,000 | $117,000 | $491,000 |
| Asian | 90 | $47,430,000 | $527,000 | $1,825,000 | $189,000 | $1,007,000 |
| Black or African American | 60 | $18,590,000 | $309,000 | $955,000 | $110,000 | $396,000 |
| American Indian or Alaskan Native | 14 | $3,450,000 | $246,000 | $405,000 | $87,000 | $153,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $790,000 | $395,000 | $595,000 | $185,000 | $240,000 |
| 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) | 1,088 | $445,180,000 | $409,000 | $3,005,000 | $173,000 | $3,589,000 |
| FHA-insured (Federal Housing Administration) | 444 | $139,950,000 | $315,000 | $995,000 | $99,000 | $491,000 |
| VA-guaranteed (Veterans Administration) | 144 | $59,100,000 | $410,000 | $1,195,000 | $122,000 | $426,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $3,210,000 | $229,000 | $395,000 | $78,000 | $128,000 |
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 | 1,075 | $401,275,000 | $373,000 | $2,005,000 | $141,000 | $1,263,000 |
| Application Withdrawn By Applicant | 405 | $172,435,000 | $425,000 | $3,005,000 | $166,000 | $2,160,000 |
| Application Denied By Financial Institution | 79 | $23,075,000 | $292,000 | $765,000 | $120,000 | $1,007,000 |
| File Closed For Incompleteness | 67 | $27,515,000 | $410,000 | $1,045,000 | $166,000 | $766,000 |
| Application Approved But Not Accepted | 64 | $23,140,000 | $361,000 | $1,825,000 | $182,000 | $3,589,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,611 | $624,365,000 | $387,000 | $3,005,000 | $150,000 | $3,589,000 |
| Debt-To-Income Ratio | 21 | $5,825,000 | $277,000 | $685,000 | $72,000 | $170,000 |
| Credit History | 20 | $5,170,000 | $258,000 | $765,000 | $123,000 | $861,000 |
| Collateral | 14 | $3,590,000 | $256,000 | $565,000 | $152,000 | $1,007,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $3,485,000 | $387,000 | $745,000 | $150,000 | $426,000 |
| Other | 5 | $1,855,000 | $371,000 | $715,000 | $87,000 | $169,000 |
| Credit Application Incomplete | 4 | $1,140,000 | $285,000 | $385,000 | $145,000 | $176,000 |
| Employment History | 3 | $865,000 | $288,000 | $325,000 | $104,000 | $164,000 |
| Unverifiable Information | 3 | $1,145,000 | $381,000 | $715,000 | $224,000 | $340,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2024 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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