Quontic Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
29th17.2% deniedPricingmedian rate spread over APOR, weight 30%
2nd1.97 ptsProcesswithdrawn + incomplete share, weight 15%
8th31.1%Closing coststotal loan costs ÷ loan amount, weight 10%
12th3.62% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,808 | 1,116 | 10.3% | 14.0% | 9.00% | $479M |
| 2024 | 2,233 | 1,298 | 11.1% | 13.9% | 8.50% | $575M |
| 2025 | 2,114 | 1,190 | 11.8% | 17.2% | 8.25% | $531M |
What Quontic Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 279 investment properties.
Why Quontic Bank denies applications
Primary reason reported for each of the 250 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Quontic Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 20 | 7 | 46.2% |
| $50k – $100k | 313 | 190 | 18.6% |
| $100k – $150k | 434 | 252 | 15.0% |
| $150k – $250k | 630 | 387 | 11.9% |
| Over $250k | 572 | 301 | 17.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 61 | 30 | 27.3% |
| 25–34 | 294 | 181 | 12.3% |
| 35–44 | 603 | 364 | 14.1% |
| 45–54 | 502 | 280 | 18.7% |
| 55–64 | 401 | 202 | 19.2% |
| 65–74 | 150 | 78 | 23.8% |
| Over 74 | 44 | 23 | 17.9% |
Where Quontic Bank lends
45 states and 362 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 980 | 550 | 11.7% | 8.13% | #95 |
| Florida | 203 | 108 | 14.8% | 8.38% | #364 |
| New Jersey | 171 | 112 | 9.4% | 8.50% | #211 |
| California | 157 | 87 | 10.2% | 8.38% | #388 |
| Texas | 92 | 50 | 13.0% | 8.31% | #571 |
| Massachusetts | 52 | 29 | 11.5% | 8.13% | #321 |
| Connecticut | 49 | 31 | 12.2% | 8.50% | #221 |
| Georgia | 39 | 20 | 12.8% | 7.81% | #476 |
| Pennsylvania | 38 | 25 | 5.3% | 8.13% | #519 |
| Illinois | 37 | 17 | 8.1% | 8.25% | #506 |
| Virginia | 32 | 14 | 18.8% | 8.31% | #433 |
| Arizona | 25 | 13 | 8.0% | 7.88% | #402 |
| North Carolina | 22 | 11 | 4.6% | 7.75% | #510 |
| Michigan | 21 | 13 | 28.6% | 8.25% | #427 |
| Maryland | 15 | 6 | 20.0% | 8.13% | #433 |
| Washington | 15 | 10 | 0.0% | 8.25% | #420 |
| Colorado | 12 | 5 | 16.7% | 8.63% | #478 |
| Ohio | 11 | 10 | 0.0% | 8.19% | #601 |
| Tennessee | 11 | 7 | 18.2% | 8.00% | #617 |
| Oklahoma | 9 | 6 | 0.0% | 8.31% | #415 |
| South Carolina | 9 | 3 | 11.1% | 9.00% | #546 |
| Alabama | 8 | 2 | 12.5% | 8.63% | #506 |
| Indiana | 8 | 7 | 12.5% | 7.88% | #576 |
| Delaware | 7 | 5 | 0.0% | 7.75% | #275 |
| Kentucky | 7 | 5 | 0.0% | 7.50% | #459 |
| Missouri | 7 | 4 | 14.3% | 8.75% | #545 |
| New Mexico | 7 | 4 | 14.3% | 8.56% | #288 |
| Nevada | 7 | 3 | 14.3% | 8.00% | #345 |
| Oregon | 7 | 3 | 28.6% | 7.75% | #400 |
| Hawaii | 6 | 3 | 0.0% | 8.25% | #188 |
| Arkansas | 5 | 3 | 0.0% | 7.00% | #407 |
| Maine | 5 | 4 | 0.0% | 7.69% | #273 |
| Minnesota | 5 | 4 | 0.0% | 8.38% | #545 |
| Mississippi | 5 | 3 | 20.0% | 7.75% | #341 |
| New Hampshire | 5 | 4 | 20.0% | 9.19% | #321 |
| Rhode Island | 5 | 3 | 20.0% | 8.63% | #249 |
| Utah | 5 | 3 | 0.0% | 10.13% | #337 |
Frequently asked questions
Quontic Bank denied 17.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of mid-size mortgage lenders.
The most common reason Quontic Bank gave in 2025 was "collateral", cited on 32.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Quontic Bank originated in 2025 was 8.25%, and its median rate spread over the average prime offer rate was 1.97 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 57% of its applications were for home purchases, 19% for refinancing (including cash-out), and 24% for home improvement or other purposes. By loan type: 97% conventional, 3% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.