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Quontic Bank

Astoria, NY

Quontic Bank processed 2,241 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,298 loans with a 11.1% denial rate. Home Purchase was the primary loan purpose. Based in Astoria, NY. The approval rate of 57.9% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Quontic Bank's 57.9% origination rate tells you how often an application turned into funded money; the 11.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,181 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,241
Applications
1,298
Originated
11.1%
Denial Rate
$450,524
Avg Loan Amount
Avg Interest Rate: 8.666% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,181 1,254 244 $447,536
FHA 60 44 4 $559,167

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Quontic Bank (LEI: 2549004XJQQPBYQSMT39) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Other
65
Credit history
58
Collateral
53
Debt-to-income ratio
39
Insufficient cash
26
Employment history
16
Unverifiable information
16

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,452 916 $469,167
Cash-out Refinancing 674 336 $396,602
Refinancing 115 46 $531,174

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,213 59.3% 10.7%
Asian 476 63.7% 9.4%
Black or African American 139 47.5% 16.6%
Joint * 25 56.0% 16.0%
2 or more minority races * 8 75.0% 12.5%
Native Hawaiian or Other Pacific Islander * 7 42.9% 14.3%
American Indian or Alaska Native * 5 60.0% 40.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,261 57.8% 10.9%
Hispanic or Latino 710 62.0% 9.7%
Joint * 27 51.9% 14.8%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NY

Other HMDA-reporting lenders in NY with similar activity. Compare any two side-by-side.

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Bethpage Federal Credit Union

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare Quontic Bank vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Quontic Bank process?
Quontic Bank processed 2,241 mortgage applications in the 2024 HMDA reporting year. Of these, 1,298 were originated (approved and funded), 394 were withdrawn by the applicant, and 248 were denied.
What is Quontic Bank's mortgage approval rate?
Quontic Bank has an approval (origination) rate of 57.9%, meaning 57.9% of all applications resulted in a funded mortgage. The denial rate is 11.1%.
What is the average loan amount at Quontic Bank?
The average mortgage loan amount at Quontic Bank is $450,524. The average interest rate is 8.666%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Quontic Bank?
The most common reasons for mortgage denial at Quontic Bank are: Other, Credit history, Collateral. In total, 248 applications were denied out of 2,241 total applications.
What types of mortgage loans does Quontic Bank offer?
Quontic Bank processes Conventional, FHA loans. The most common type is Conventional with 2,181 applications and an average loan amount of $447,536.
What loan purposes does Quontic Bank serve?
Quontic Bank serves the following loan purposes: Home Purchase (1,452 applications), Cash-out Refinancing (674 applications), Refinancing (115 applications). Home Purchase is the most common purpose.
Where is Quontic Bank located?
Quontic Bank is headquartered in Astoria, NY. The lender is identified by LEI 2549004XJQQPBYQSMT39 in HMDA data.
How does Quontic Bank compare in lending across racial demographics?
Quontic Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 59.3% and denial rate of 10.7%; Asian applicants have an approval rate of 63.7% and denial rate of 9.4%; Black or African American applicants have an approval rate of 47.5% and denial rate of 16.6%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.