Quontic Bank Mortgage Lending & HMDA Data, 2017
In 2017, Quontic Bank of Astoria, NY reported 701 mortgage applications totaling $300.9 million, down 2% from 2016. The average application was for $429,191, and applicants reported an average income of $125,924. 82% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (361), Nassau County-Suffolk County, NY (187) and Miami-Miami Beach-Kendall, FL (62) (applications in parentheses).
| Mortgage Company & Address | Quontic Bank 31-05 Broadway Astoria, NY 11106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 701 |
| Total Mortgage Loan Application Amount | $300,863,000 |
| Average Mortgage Loan Application Amount | $429,191 |
| Highest Mortgage Loan Application Amount | $3,811,000 |
| Average Applicant Income | $125,924 |
| Highest Applicant Income | $3,609,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Quontic Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 361 | $ 179,227,000 | $ 496,473 | $ 119,950 |
| Nassau County-Suffolk County, NY | 187 | $ 72,505,000 | $ 387,727 | $ 129,000 |
| Miami-Miami Beach-Kendall, FL | 62 | $ 21,835,000 | $ 352,177 | $ 155,000 |
| Boston, MA | 11 | $ 3,550,000 | $ 322,727 | $ 72,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 9 | $ 2,303,000 | $ 255,888 | $ 161,000 |
| Cambridge-Newton-Framingham, MA | 8 | $ 3,418,000 | $ 427,250 | $ 128,000 |
| Providence-Warwick, RI-MA | 8 | $ 2,410,000 | $ 301,250 | $ 80,000 |
| Newark, NJ-PA | 7 | $ 1,838,000 | $ 262,571 | $ 85,285 |
| Richmond, VA | 5 | $ 816,000 | $ 163,200 | $ 56,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 2,146,000 | $ 536,500 | $ 130,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 966,000 | $ 322,000 | $ 57,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 407,000 | $ 203,500 | $ 46,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 729,000 | $ 364,500 | $ 123,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 672,000 | $ 336,000 | $ 137,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 380,000 | $ 190,000 | $ 83,000 |
| Rockingham County-Strafford County, NH | 2 | $ 545,000 | $ 272,500 | $ 102,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 421,000 | $ 210,500 | $ 120,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 237,000 | $ 237,000 | $ 126,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 132,000 | $ 132,000 | $ 191,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 192,000 | $ 192,000 | $ 71,000 |
| Camden, NJ | 1 | $ 241,000 | $ 241,000 | $ 32,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 218,000 | $ 218,000 | $ 95,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 245,000 | $ 245,000 | $ 146,000 |
| Charlottesville, VA | 1 | $ 168,000 | $ 168,000 | $ 30,000 |
| Fort Worth-Arlington, TX | 1 | $ 232,000 | $ 232,000 | $ 93,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 371,000 | $ 371,000 | $ 595,000 |
| Jacksonville, FL | 1 | $ 147,000 | $ 147,000 | $ 51,000 |
| Kingston, NY | 1 | $ 1,154,000 | $ 1,154,000 | $ 704,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 137,000 | $ 137,000 | $ 26,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 400,000 | $ 400,000 | $ 185,000 |
| New Haven-Milford, CT | 1 | $ 650,000 | $ 650,000 | $ 0 |
| Ocala, FL | 1 | $ 335,000 | $ 335,000 | $ 105,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 143,000 | $ 143,000 | $ 64,000 |
| Philadelphia, PA | 1 | $ 208,000 | $ 208,000 | $ 46,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 204,000 | $ 204,000 | $ 44,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 506,000 | $ 506,000 | $ 161,000 |
Mortgage Loan Application Detail Totals for Quontic Bank in 2017
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 | 603 | $257,493,000 | $427,000 | $3,811,000 | $129,000 | $3,609,000 |
| Refinancing | 98 | $43,370,000 | $442,000 | $1,450,000 | $107,000 | $366,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| Asian | 233 | $109,565,000 | $470,000 | $2,395,000 | $109,000 | $931,000 |
| White | 206 | $87,108,000 | $422,000 | $3,811,000 | $171,000 | $3,609,000 |
| Hispanic | 141 | $51,393,000 | $364,000 | $2,376,000 | $134,000 | $1,199,000 |
| Black or African American | 91 | $35,996,000 | $395,000 | $1,450,000 | $94,000 | $252,000 |
| Not applicable | 29 | $16,613,000 | $572,000 | $3,000,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $188,000 | $188,000 | $188,000 | $105,000 | $105,000 |
| Not Provided | 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) | 539 | $236,654,000 | $439,000 | $3,811,000 | $134,000 | $3,609,000 |
| FHA-insured (Federal Housing Administration) | 157 | $62,536,000 | $398,000 | $786,000 | $98,000 | $289,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,673,000 | $334,000 | $575,000 | $86,000 | $119,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 576 | $240,940,000 | $418,000 | $2,395,000 | $123,000 | $1,262,000 |
| Application Denied By Financial Institution | 46 | $19,682,000 | $427,000 | $1,400,000 | $112,000 | $946,000 |
| File Closed For Incompleteness | 42 | $18,236,000 | $434,000 | $956,000 | $108,000 | $329,000 |
| Application Withdrawn By Applicant | 20 | $13,603,000 | $680,000 | $3,811,000 | $331,000 | $3,609,000 |
| Application Approved But Not Accepted | 17 | $8,402,000 | $494,000 | $3,000,000 | $59,000 | $141,000 |
| 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 | 18 | $7,315,000 | $406,000 | $850,000 | $69,000 | $153,000 |
| Credit History | 11 | $4,859,000 | $441,000 | $1,400,000 | $198,000 | $946,000 |
| Collateral | 8 | $3,500,000 | $437,000 | $751,000 | $88,000 | $141,000 |
| Unverifiable Information | 4 | $2,003,000 | $500,000 | $845,000 | $182,000 | $384,000 |
| Employment History | 3 | $1,059,000 | $353,000 | $449,000 | $65,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $946,000 | $473,000 | $518,000 | $40,000 | $43,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Quontic Bank's 2017 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 Quontic Bank'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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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