Quontic Bank closing costs and rates (2024)
In 2024, Quontic Bank originated 784 purchase mortgages at a median interest rate of 8.50% and median total closing costs of $14,679. That ranks #451 nationally by origination volume. For total closing costs among lenders with 500+ originations, Quontic Bank ranks #621. That is $7,938 above the national median of $6,741. Quontic Bank is most active in New York with 373 originations there.
Purchase Originations
784
Ranked #451 nationally
Median Total Costs
$14,679
+117.8% vs national ($6,741)
Median Rate
8.500%
+28.4% vs national (6.620%)
Median Origination
$10,169
Median Lender Credits
$100
Cost Rank (500+ vol.)
#621
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 742 | 8.625% | $14,157 | $9,862 |
| fha | 42 | 6.250% | $30,171 | $15,682 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 373 | 8.375% | $17,263 | #56 |
| Florida | 70 | 8.750% | $13,372 | #283 |
| New Jersey | 52 | 9.000% | $14,458 | #144 |
| Texas | 38 | 9.000% | $13,447 | — |
| California | 35 | 8.375% | $14,829 | — |
| Massachusetts | 18 | 9.000% | $13,661 | — |
| Pennsylvania | 18 | 8.625% | $13,132 | — |
| Illinois | 15 | 8.500% | $10,892 | — |
| North Carolina | 13 | 8.375% | $9,702 | — |
| Connecticut | 12 | 9.000% | $10,564 | — |
| Ohio | 10 | 8.938% | $9,801 | — |
| Oregon | 10 | 8.500% | $14,119 | — |
| Colorado | 9 | 8.500% | $12,034 | — |
| Virginia | 9 | 9.000% | $12,851 | — |
| Georgia | 8 | 8.438% | $13,049 | — |
| Louisiana | 7 | 7.625% | $8,947 | — |
| Maryland | 7 | 8.875% | $14,140 | — |
| South Carolina | 7 | 8.875% | $11,235 | — |
| Rhode Island | 6 | 8.688% | $13,132 | — |
| Alabama | 5 | 8.625% | $7,739 | — |
| Arizona | 5 | 8.875% | $10,695 | — |
| Delaware | 5 | 8.375% | $11,416 | — |
| New Mexico | 5 | 8.625% | $13,832 | — |
| Nevada | 5 | 8.875% | $11,802 | — |
| Tennessee | 5 | 8.375% | $9,737 | — |
| Michigan | 4 | 8.438% | $12,957 | — |
| Arkansas | 3 | 8.000% | $7,978 | — |
| Kansas | 3 | 8.250% | $6,840 | — |
| Kentucky | 3 | 8.375% | $12,639 | — |
| Missouri | 3 | 8.375% | $10,844 | — |
| Oklahoma | 3 | 8.125% | $7,067 | — |
| Washington | 3 | 9.250% | $23,083 | — |
| Indiana | 2 | 8.688% | $8,807 | — |
| Minnesota | 2 | 7.875% | $24,149 | — |
| Mississippi | 2 | 8.438% | $7,586 | — |
| Nebraska | 2 | 9.000% | $24,455 | — |
| Hawaii | 1 | 9.875% | $9,836 | — |
| Iowa | 1 | 9.500% | $6,655 | — |
| New Hampshire | 1 | 9.625% | $15,476 | — |
| South Dakota | 1 | 10.375% | $9,670 | — |
| Utah | 1 | 9.375% | $19,792 | — |
| Wisconsin | 1 | 9.250% | $8,565 | — |
| West Virginia | 1 | 8.750% | $9,431 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,983 | 8.438% | — | 10 | −$5,696 | |
| 2 | $10,600 | 8.312% | — | 10 | −$4,079 | |
| 3 | $11,099 | 7.312% | — | 6 | −$3,580 | |
| 4 | $12,800 | 9.375% | — | 8 | −$1,879 | |
| 5 | $13,132 | 8.688% | — | 6 | −$1,547 | |
| 6 | $13,338 | 8.812% | — | 6 | −$1,341 | |
| 7 | $13,646 | 8.750% | — | 5 | −$1,033 | |
| 8 | $14,786 | 8.875% | — | 15 | +$107 | |
| 9 | $15,174 | 9.000% | — | 11 | +$495 | |
| 10 | $16,177 | 8.625% | — | 18 | +$1,498 | |
| 11 | $16,196 | 8.562% | — | 24 | +$1,517 | |
| 12 | $16,487 | 7.750% | — | 22 | +$1,808 | |
| 13 | $16,645 | 8.500% | — | 10 | +$1,966 | |
| 14 | $17,344 | 8.250% | — | 64 | +$2,665 | |
| 15 | $17,734 | 8.875% | — | 7 | +$3,055 | |
| 16 | $17,866 | 8.875% | — | 18 | +$3,187 | |
| 17 | $18,052 | 8.625% | — | 6 | +$3,373 | |
| 18 | $19,097 | 6.875% | — | 122 | +$4,418 | |
| 19 | $19,649 | 8.375% | — | 57 | +$4,970 | |
| 20 | $21,626 | 8.812% | — | 6 | +$6,947 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.