On Q Financial, LLC Mortgage Lending & HMDA Data, 2016
In 2016, On Q Financial, LLC of Scottsdale, AZ reported 14,081 mortgage applications totaling $3.8 billion, up 32% from 2015. The average application was for $269,970, and applicants reported an average income of $104,610. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,462), Seattle-Bellevue-Everett, WA (915) and San Antonio-New Braunfels, TX (783) (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 | 14,081 |
| Total Mortgage Loan Application Amount | $3,801,460,000 |
| Average Mortgage Loan Application Amount | $269,970 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $104,610 |
| Highest Applicant Income | $4,224,000 |
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Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,462 | $ 613,083,000 | $ 249,018 | $ 100,000 |
| Seattle-Bellevue-Everett, WA | 915 | $ 378,349,000 | $ 413,496 | $ 145,000 |
| San Antonio-New Braunfels, TX | 783 | $ 149,555,000 | $ 191,002 | $ 83,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 652 | $ 276,989,000 | $ 424,829 | $ 144,000 |
| Greenville-Anderson-Mauldin, SC | 597 | $ 93,652,000 | $ 156,871 | $ 68,000 |
| Atlanta-Sandy Springs-Roswell, GA | 551 | $ 120,674,000 | $ 219,009 | $ 82,000 |
| Denver-Aurora-Lakewood, CO | 446 | $ 144,808,000 | $ 324,681 | $ 111,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 434 | $ 113,592,000 | $ 261,732 | $ 87,573 |
| Tacoma-Lakewood, WA | 420 | $ 130,978,000 | $ 311,852 | $ 125,000 |
| Wilmington, NC | 400 | $ 83,830,000 | $ 209,575 | $ 92,000 |
| Austin-Round Rock, TX | 344 | $ 96,760,000 | $ 281,279 | $ 127,000 |
| Augusta-Richmond County, GA-SC | 339 | $ 52,919,000 | $ 156,103 | $ 64,115 |
| Houston-The Woodlands-Sugar Land, TX | 307 | $ 73,374,000 | $ 239,003 | $ 114,000 |
| Tampa-St. Petersburg-Clearwater, FL | 303 | $ 64,261,000 | $ 212,082 | $ 110,000 |
| Santa Maria-Santa Barbara, CA | 294 | $ 163,281,000 | $ 555,377 | $ 175,000 |
| Charlotte-Concord-Gastonia, NC-SC | 279 | $ 46,741,000 | $ 167,530 | $ 68,379 |
| Los Angeles-Long Beach-Glendale, CA | 279 | $ 117,777,000 | $ 422,139 | $ 130,000 |
| Bakersfield, CA | 223 | $ 43,621,000 | $ 195,609 | $ 72,000 |
| Raleigh, NC | 205 | $ 38,991,000 | $ 190,200 | $ 78,000 |
| Riverside-San Bernardino-Ontario, CA | 200 | $ 54,968,000 | $ 274,840 | $ 114,000 |
| Anaheim-Santa Ana-Irvine, CA | 191 | $ 107,491,000 | $ 562,780 | $ 202,000 |
| Salinas, CA | 190 | $ 62,607,000 | $ 329,510 | $ 86,000 |
| Prescott, AZ | 170 | $ 34,921,000 | $ 205,417 | $ 88,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 162 | $ 47,183,000 | $ 291,253 | $ 97,000 |
| Durham-Chapel Hill, NC | 159 | $ 30,836,000 | $ 193,937 | $ 119,000 |
| Jacksonville, NC | 157 | $ 25,186,000 | $ 160,420 | $ 60,000 |
| San Diego-Carlsbad, CA | 133 | $ 53,562,000 | $ 402,721 | $ 119,000 |
| Las Vegas-Henderson-Paradise, NV | 111 | $ 22,065,000 | $ 198,783 | $ 73,000 |
| Tallahassee, FL | 108 | $ 18,187,000 | $ 168,398 | $ 66,000 |
| Valdosta, GA | 107 | $ 18,211,000 | $ 170,196 | $ 78,000 |
| Santa Cruz-Watsonville, CA | 104 | $ 49,581,000 | $ 476,740 | $ 160,000 |
| Vallejo-Fairfield, CA | 98 | $ 32,115,000 | $ 327,704 | $ 104,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 93 | $ 15,854,000 | $ 170,473 | $ 78,064 |
| Olympia-Tumwater, WA | 84 | $ 22,853,000 | $ 272,059 | $ 89,000 |
| Homosassa Springs, FL | 81 | $ 8,731,000 | $ 107,790 | $ 49,000 |
| Fayetteville, NC | 79 | $ 11,514,000 | $ 145,746 | $ 63,000 |
| Spartanburg, SC | 77 | $ 11,445,000 | $ 148,636 | $ 60,000 |
| Colorado Springs, CO | 76 | $ 18,419,000 | $ 242,355 | $ 77,000 |
| North Port-Sarasota-Bradenton, FL | 75 | $ 13,029,000 | $ 173,720 | $ 82,000 |
| Punta Gorda, FL | 55 | $ 9,134,000 | $ 166,072 | $ 74,000 |
| Gainesville, GA | 43 | $ 9,458,000 | $ 219,953 | $ 100,000 |
| Kingsport-Bristol-Bristol, TN-VA | 42 | $ 5,770,000 | $ 137,380 | $ 59,785 |
| Visalia-Porterville, CA | 42 | $ 6,479,000 | $ 154,261 | $ 62,000 |
| Dallas-Plano-Irving, TX | 41 | $ 10,633,000 | $ 259,341 | $ 119,000 |
| Oakland-Hayward-Berkeley, CA | 40 | $ 18,859,000 | $ 471,475 | $ 176,000 |
| Wenatchee, WA | 36 | $ 10,908,000 | $ 303,000 | $ 119,000 |
| Greenville, NC | 35 | $ 5,564,000 | $ 158,971 | $ 86,000 |
| Bremerton-Silverdale, WA | 32 | $ 11,190,000 | $ 349,687 | $ 141,000 |
| New Bern, NC | 32 | $ 5,478,000 | $ 171,187 | $ 60,000 |
| Burlington, NC | 29 | $ 5,458,000 | $ 188,206 | $ 69,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 28 | $ 15,516,000 | $ 554,142 | $ 240,214 |
| San Jose-Sunnyvale-Santa Clara, CA | 25 | $ 12,992,000 | $ 519,680 | $ 175,000 |
| Greeley, CO | 22 | $ 6,766,000 | $ 307,545 | $ 96,000 |
| Tucson, AZ | 20 | $ 4,100,000 | $ 205,000 | $ 89,000 |
| Flagstaff, AZ | 18 | $ 3,745,000 | $ 208,055 | $ 166,000 |
| Bend-Redmond, OR | 17 | $ 4,613,000 | $ 271,352 | $ 81,000 |
| Boise City, ID | 16 | $ 3,627,000 | $ 226,687 | $ 96,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 15 | $ 7,071,000 | $ 471,400 | $ 184,000 |
| Salem, OR | 14 | $ 4,784,000 | $ 341,714 | $ 170,000 |
| Fort Collins, CO | 11 | $ 3,449,000 | $ 313,545 | $ 96,000 |
| Fort Worth-Arlington, TX | 11 | $ 2,478,000 | $ 225,272 | $ 113,000 |
| San Francisco-Redwood City-South San Francisco, CA | 11 | $ 5,267,000 | $ 478,818 | $ 602,000 |
| Merced, CA | 10 | $ 2,008,000 | $ 200,800 | $ 59,000 |
| Athens-Clarke County, GA | 9 | $ 1,814,000 | $ 201,555 | $ 82,000 |
| Orlando-Kissimmee-Sanford, FL | 9 | $ 1,961,000 | $ 217,888 | $ 93,000 |
| Johnson City, TN | 8 | $ 1,949,000 | $ 243,625 | $ 95,000 |
| Spokane-Spokane Valley, WA | 8 | $ 1,608,000 | $ 201,000 | $ 120,000 |
| Modesto, CA | 7 | $ 1,832,000 | $ 261,714 | $ 116,000 |
| Yuba City, CA | 7 | $ 1,723,000 | $ 246,142 | $ 61,000 |
| Bellingham, WA | 6 | $ 2,049,000 | $ 341,500 | $ 135,000 |
| Charleston-North Charleston, SC | 6 | $ 2,114,000 | $ 352,333 | $ 145,000 |
| Lake Havasu City-Kingman, AZ | 6 | $ 1,153,000 | $ 192,166 | $ 77,000 |
| Longview, WA | 6 | $ 1,368,000 | $ 228,000 | $ 73,000 |
| Mount Vernon-Anacortes, WA | 6 | $ 1,381,000 | $ 230,166 | $ 117,000 |
| Napa, CA | 6 | $ 3,226,000 | $ 537,666 | $ 149,000 |
| Ocala, FL | 6 | $ 407,000 | $ 67,833 | $ 45,000 |
| Rocky Mount, NC | 6 | $ 813,000 | $ 135,500 | $ 57,000 |
| Santa Rosa, CA | 6 | $ 3,432,000 | $ 572,000 | $ 145,000 |
| Albany, OR | 5 | $ 756,000 | $ 151,200 | $ 61,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,240,000 | $ 248,000 | $ 93,000 |
| Salt Lake City, UT | 5 | $ 1,551,000 | $ 310,200 | $ 85,000 |
| Boulder, CO | 4 | $ 1,326,000 | $ 331,500 | $ 89,000 |
| Corpus Christi, TX | 4 | $ 816,000 | $ 204,000 | $ 210,000 |
| Fresno, CA | 4 | $ 478,000 | $ 119,500 | $ 75,000 |
| Greensboro-High Point, NC | 4 | $ 878,000 | $ 219,500 | $ 50,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 4 | $ 781,000 | $ 195,250 | $ 109,000 |
| Monroe, LA | 4 | $ 368,000 | $ 92,000 | $ 40,000 |
| Richmond, VA | 4 | $ 1,252,000 | $ 313,000 | $ 190,000 |
| Winston-Salem, NC | 4 | $ 447,000 | $ 111,750 | $ 54,000 |
| Albuquerque, NM | 3 | $ 1,123,000 | $ 374,333 | $ 254,000 |
| Jacksonville, FL | 3 | $ 387,000 | $ 129,000 | $ 50,000 |
| Killeen-Temple, TX | 3 | $ 558,000 | $ 186,000 | $ 132,000 |
| Lakeland-Winter Haven, FL | 3 | $ 676,000 | $ 225,333 | $ 138,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 563,000 | $ 187,666 | $ 120,000 |
| Asheville, NC | 2 | $ 484,000 | $ 242,000 | $ 173,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 521,000 | $ 260,500 | $ 379,000 |
| Corvallis, OR | 2 | $ 439,000 | $ 219,500 | $ 73,000 |
| Elgin, IL | 2 | $ 394,000 | $ 197,000 | $ 78,000 |
| Eugene, OR | 2 | $ 472,000 | $ 236,000 | $ 110,000 |
| Farmington, NM | 2 | $ 211,000 | $ 105,500 | $ 52,000 |
| Hanford-Corcoran, CA | 2 | $ 264,000 | $ 132,000 | $ 41,000 |
| Knoxville, TN | 2 | $ 466,000 | $ 233,000 | $ 87,000 |
| Madera, CA | 2 | $ 550,000 | $ 275,000 | $ 86,000 |
| Ogden-Clearfield, UT | 2 | $ 537,000 | $ 268,500 | $ 78,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 281,000 | $ 140,500 | $ 185,000 |
| Rome, GA | 2 | $ 272,000 | $ 136,000 | $ 38,000 |
| Shreveport-Bossier City, LA | 2 | $ 469,000 | $ 234,500 | $ 63,000 |
| Stockton-Lodi, CA | 2 | $ 594,000 | $ 297,000 | $ 82,000 |
| Waco, TX | 2 | $ 434,000 | $ 217,000 | $ 99,000 |
| Yakima, WA | 2 | $ 543,000 | $ 271,500 | $ 64,000 |
| Albany, GA | 1 | $ 173,000 | $ 173,000 | $ 52,000 |
| Beaumont-Port Arthur, TX | 1 | $ 144,000 | $ 144,000 | $ 107,000 |
| Charlottesville, VA | 1 | $ 155,000 | $ 155,000 | $ 107,000 |
| College Station-Bryan, TX | 1 | $ 190,000 | $ 190,000 | $ 37,000 |
| Columbia, SC | 1 | $ 137,000 | $ 137,000 | $ 80,000 |
| Decatur, IL | 1 | $ 97,000 | $ 97,000 | $ 42,000 |
| Florence, SC | 1 | $ 57,000 | $ 57,000 | $ 87,000 |
| Florence-Muscle Shoals, AL | 1 | $ 99,000 | $ 99,000 | $ 35,000 |
| Gainesville, FL | 1 | $ 210,000 | $ 210,000 | $ 93,000 |
| Goldsboro, NC | 1 | $ 83,000 | $ 83,000 | $ 41,000 |
| Grants Pass, OR | 1 | $ 265,000 | $ 265,000 | $ 195,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 60,000 | $ 60,000 | $ 42,000 |
| Kennewick-Richland, WA | 1 | $ 97,000 | $ 97,000 | $ 34,000 |
| Laredo, TX | 1 | $ 160,000 | $ 160,000 | $ 43,000 |
| Macon, GA | 1 | $ 86,000 | $ 86,000 | $ 41,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 417,000 | $ 417,000 | $ 265,000 |
| Memphis, TN-MS-AR | 1 | $ 416,000 | $ 416,000 | $ 355,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 169,000 | $ 169,000 | $ 42,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 396,000 | $ 396,000 | $ 172,000 |
| Port St. Lucie, FL | 1 | $ 322,000 | $ 322,000 | $ 124,000 |
| Pueblo, CO | 1 | $ 152,000 | $ 152,000 | $ 54,000 |
| Redding, CA | 1 | $ 300,000 | $ 300,000 | $ 212,000 |
| San Rafael, CA | 1 | $ 1,800,000 | $ 1,800,000 | $ 854,000 |
| Savannah, GA | 1 | $ 223,000 | $ 223,000 | $ 104,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 176,000 | $ 176,000 | $ 48,000 |
| The Villages, FL | 1 | $ 186,000 | $ 186,000 | $ 57,000 |
| Tuscaloosa, AL | 1 | $ 200,000 | $ 200,000 | $ 69,000 |
| Walla Walla, WA | 1 | $ 165,000 | $ 165,000 | $ 121,000 |
| Warner Robins, GA | 1 | $ 131,000 | $ 131,000 | $ 56,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 315,000 | $ 315,000 | $ 62,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 104,000 | $ 104,000 | $ 240,000 |
| Yuma, AZ | 1 | $ 216,000 | $ 216,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for On Q Financial, LLC in 2016
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 | 10,640 | $2,743,033,000 | $257,000 | $3,000,000 | $99,000 | $4,224,000 |
| Refinancing | 3,438 | $1,057,988,000 | $307,000 | $1,950,000 | $122,000 | $2,160,000 |
| Home Improvement | 3 | $439,000 | $146,000 | $201,000 | $76,000 | $94,000 |
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 | 9,339 | $2,594,591,000 | $277,000 | $3,000,000 | $112,000 | $4,224,000 |
| Hispanic | 1,849 | $430,962,000 | $233,000 | $1,620,000 | $77,000 | $917,000 |
| Not Provided | 1,402 | $385,344,000 | $274,000 | $1,600,000 | $107,000 | $1,318,000 |
| Black or African American | 716 | $153,201,000 | $213,000 | $1,474,000 | $74,000 | $417,000 |
| Asian | 642 | $201,613,000 | $314,000 | $1,267,000 | $109,000 | $766,000 |
| Native Hawaiin or Other Pacific Islander | 85 | $24,236,000 | $285,000 | $761,000 | $97,000 | $408,000 |
| American Indian or Alaskan Native | 48 | $11,513,000 | $239,000 | $965,000 | $89,000 | $248,000 |
| 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) | 8,822 | $2,657,680,000 | $301,000 | $3,000,000 | $126,000 | $4,224,000 |
| FHA-insured (Federal Housing Administration) | 3,675 | $745,896,000 | $202,000 | $815,000 | $65,000 | $429,000 |
| VA-guaranteed (Veterans Administration) | 1,368 | $362,838,000 | $265,000 | $1,140,000 | $79,000 | $509,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 216 | $35,046,000 | $162,000 | $440,000 | $50,000 | $116,000 |
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 | 10,194 | $2,743,811,000 | $269,000 | $2,000,000 | $104,000 | $3,165,000 |
| Application Withdrawn By Applicant | 1,768 | $483,530,000 | $273,000 | $2,000,000 | $115,000 | $4,224,000 |
| Application Denied By Financial Institution | 1,534 | $397,210,000 | $258,000 | $3,000,000 | $89,000 | $1,716,000 |
| File Closed For Incompleteness | 299 | $98,935,000 | $330,000 | $1,316,000 | $133,000 | $2,080,000 |
| Application Approved But Not Accepted | 286 | $77,974,000 | $272,000 | $1,840,000 | $109,000 | $1,419,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 454 | $119,983,000 | $264,000 | $2,200,000 | $62,000 | $411,000 |
| Credit Application Incomplete | 372 | $103,882,000 | $279,000 | $1,200,000 | $110,000 | $706,000 |
| Collateral | 303 | $68,492,000 | $226,000 | $967,000 | $101,000 | $1,079,000 |
| Credit History | 218 | $53,296,000 | $244,000 | $1,000,000 | $87,000 | $440,000 |
| Other | 78 | $21,836,000 | $279,000 | $1,140,000 | $101,000 | $568,000 |
| Employment History | 47 | $9,818,000 | $208,000 | $562,000 | $49,000 | $232,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 46 | $13,119,000 | $285,000 | $1,480,000 | $113,000 | $886,000 |
| Unverifiable Information | 16 | $6,784,000 | $424,000 | $3,000,000 | $198,000 | $1,716,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2016 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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