On Q Financial, LLC Mortgage Lending & HMDA Data, 2008
In 2008, On Q Financial, LLC of Scottsdale, AZ reported 716 mortgage applications totaling $191.1 million. The average application was for $266,903, and applicants reported an average income of $144,959. 55% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (589), Seattle-Bellevue-Everett, WA (42) and San Diego-Carlsbad-San Marcos, CA (9) (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 | 716 |
| Total Mortgage Loan Application Amount | $191,103,000 |
| Average Mortgage Loan Application Amount | $266,903 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $144,959 |
| Highest Applicant Income | $4,000,000 |
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Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 589 | $ 149,292,000 | $ 253,466 | $ 144,000 |
| Seattle-Bellevue-Everett, WA | 42 | $ 12,999,000 | $ 309,500 | $ 137,000 |
| San Diego-Carlsbad-San Marcos, CA | 9 | $ 3,409,000 | $ 378,777 | $ 112,000 |
| Tucson, AZ | 7 | $ 2,184,000 | $ 312,000 | $ 169,000 |
| Los Angeles-Long Beach-Glendale, CA | 6 | $ 2,134,000 | $ 355,666 | $ 124,000 |
| Prescott, AZ | 5 | $ 1,310,000 | $ 262,000 | $ 110,000 |
| Flagstaff, AZ | 4 | $ 2,338,000 | $ 584,500 | $ 330,000 |
| Tacoma, WA | 4 | $ 1,547,000 | $ 386,750 | $ 185,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 524,000 | $ 262,000 | $ 257,000 |
| Chico, CA | 2 | $ 350,000 | $ 175,000 | $ 72,000 |
| Dallas-Plano-Irving, TX | 2 | $ 241,000 | $ 120,500 | $ 82,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 768,000 | $ 384,000 | $ 111,000 |
| Philadelphia, PA | 2 | $ 665,000 | $ 332,500 | $ 672,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 1,252,000 | $ 626,000 | $ 41,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 704,000 | $ 352,000 | $ 130,000 |
| San Antonio, TX | 2 | $ 277,000 | $ 138,500 | $ 75,000 |
| Spokane, WA | 2 | $ 403,000 | $ 201,500 | $ 78,000 |
| Yuma, AZ | 2 | $ 464,000 | $ 232,000 | $ 101,000 |
| Anchorage, AK | 1 | $ 168,000 | $ 168,000 | $ 92,000 |
| Ann Arbor, MI | 1 | $ 203,000 | $ 203,000 | $ 55,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 417,000 | $ 417,000 | $ 0 |
| Bellingham, WA | 1 | $ 342,000 | $ 342,000 | $ 133,000 |
| Boise City-Nampa, ID | 1 | $ 250,000 | $ 250,000 | $ 162,000 |
| Bremerton-Silverdale, WA | 1 | $ 417,000 | $ 417,000 | $ 130,000 |
| Charlottesville, VA | 1 | $ 399,000 | $ 399,000 | $ 169,000 |
| Fort Collins-Loveland, CO | 1 | $ 195,000 | $ 195,000 | $ 53,000 |
| Gary, IN | 1 | $ 163,000 | $ 163,000 | $ 126,000 |
| Honolulu, HI | 1 | $ 601,000 | $ 601,000 | $ 131,000 |
| Jacksonville, FL | 1 | $ 80,000 | $ 80,000 | $ 48,000 |
| Kansas City, MO-KS | 1 | $ 282,000 | $ 282,000 | $ 150,000 |
| Kokomo, IN | 1 | $ 222,000 | $ 222,000 | $ 90,000 |
| Las Cruces, NM | 1 | $ 272,000 | $ 272,000 | $ 93,000 |
| Merced, CA | 1 | $ 283,000 | $ 283,000 | $ 0 |
| Napa, CA | 1 | $ 1,962,000 | $ 1,962,000 | $ 1,383,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 638,000 | $ 638,000 | $ 204,000 |
| Provo-Orem, UT | 1 | $ 43,000 | $ 43,000 | $ 114,000 |
| San Angelo, TX | 1 | $ 75,000 | $ 75,000 | $ 108,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 417,000 | $ 417,000 | $ 90,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 293,000 | $ 293,000 | $ 125,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 355,000 | $ 355,000 | $ 131,000 |
| Wenatchee, WA | 1 | $ 399,000 | $ 399,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for On Q Financial, LLC in 2008
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 | 349 | $81,922,000 | $234,000 | $2,000,000 | $148,000 | $4,000,000 |
| Refinancing | 349 | $105,080,000 | $301,000 | $3,000,000 | $143,000 | $3,364,000 |
| Home Improvement | 18 | $4,101,000 | $227,000 | $417,000 | $124,000 | $449,000 |
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 | 483 | $135,893,000 | $281,000 | $3,000,000 | $142,000 | $4,000,000 |
| Not Provided | 142 | $35,993,000 | $253,000 | $892,000 | $199,000 | $1,813,000 |
| Hispanic | 56 | $9,489,000 | $169,000 | $417,000 | $59,000 | $188,000 |
| Asian | 17 | $4,594,000 | $270,000 | $400,000 | $102,000 | $190,000 |
| Black or African American | 15 | $4,518,000 | $301,000 | $920,000 | $124,000 | $756,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $616,000 | $205,000 | $372,000 | $68,000 | $98,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 556 | $160,469,000 | $288,000 | $3,000,000 | $168,000 | $4,000,000 |
| FHA-insured (Federal Housing Administration) | 149 | $28,333,000 | $190,000 | $636,000 | $65,000 | $529,000 |
| VA-guaranteed (Veterans Administration) | 10 | $2,216,000 | $221,000 | $360,000 | $82,000 | $149,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $85,000 | $85,000 | $85,000 | $31,000 | $31,000 |
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 | 392 | $93,508,000 | $238,000 | $636,000 | $123,000 | $1,234,000 |
| Application Withdrawn By Applicant | 236 | $71,687,000 | $303,000 | $3,000,000 | $183,000 | $4,000,000 |
| Application Denied By Financial Institution | 77 | $22,555,000 | $292,000 | $1,230,000 | $144,000 | $1,813,000 |
| Application Approved But Not Accepted | 11 | $3,353,000 | $304,000 | $417,000 | $132,000 | $300,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2008 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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