About On Q Financial, LLC - Become a Homeowner with Mortgages Simplified (2024)

We’re simplifying the mortgage process and making the dream of homeownership a reality. For everyone. We believe The Dream is Inclusive.


About On Q Financial, LLC - Become a Homeowner with Mortgages Simplified (1)

We believe in making the Dream of Homeownership a Reality- for Everyone, and we strive to make that vision a reality!

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The On Q Financial, LLC Difference

From our initial approach through our entire process, the On Q Financial, LLC Difference is evident. Our Mission is centered on the customer experience. Our team stays ahead of the curve, developing innovative ways to simplify the mortgage process.

  • On Q Financial, LLC. On Time. Guaranteed.

    Talk is cheap, but our On-Time Close Guarantee is the real deal. If your closing date is held up, On Q Financial, LLC promises to compensate buyer and seller.

  • Mortgages Simplified

    Mortgages Simplified is our method of improving the customer experience. Within seconds, you can download our Simplicity by On Q Financial app straight to your phone and begin your application. Then you can upload your documents directly into Simplicity by On Q Financial. A simpler process means faster approvals, less paperwork, and even more important, less hassle.

  • More Ways to Say Yes

    We offer more ways to say yes with a range of product options. In addition to the Agency and Non-Agency programs, our product suite includes low to no down payment options. We are committed to making the dream of homeownership a reality for everyone. Therefore, we have products available for manufactured, production, and custom homes as well.

  • Flexible Lock Options

    You will never have to worry about your rate fluctuating because you will be able to lock your rate the moment you put an offer on the home.

See How Different Different Can Be!

About On Q Financial, LLC - Become a Homeowner with Mortgages Simplified (2)

Career Opportunities

An On Q Financial, LLC career could be the perfect opportunity for you. Our success over the past decade is largely due to our vision to hire the best people in the industry. Are you among them? If so, let’s talk!

Join Us, It’s Simple.

Joint Ventures

Why a Joint Builder Venture with On Q Financial, LLC?

A builder and lender joint venture with a lender like On Q Financial, LLC will provide builders with top-notch support and indispensable resources to help you reach your goals and achieve success faster and more efficiently. When you join with On Q Financial, LLC, you’ll experience:

  • More Loan Options:Buyers have access to an extensive selection ofmortgage products to fit almost any situation during the building process, including theOne Time Close Constructionand MH Advantage programs.

  • Strategic Partnerships:We have a variety of joint ventures and national partnerships.

  • Simplicity:On Q Financial, LLC’sMortgages Simplified approach is based on teamwork, integrity, accountability, and results.

  • Multicultural Advantage:On Q Financial, LLC believes theDream is Inclusive. We offer our website, critical loan documents, and more in multiple languages!

  • In-House Condo Approvals:Helps assist builders and buyers to be confident in loan approvals on this high-demand, but often challenged home types.

  • Partnership:We’re here to support our Builder Partners to help you connect with more potential buyers and streamline their home purchase experience.

  • Builder Accelerated Closing:We strive to provide timely loan commitments for pre-sale homes and smooth closings for inventory homes.

  • Customer Care:You can count on us to be available and responsive to you and your buyer’s needs during their home loan process. Communication is key to our success.

Let’s Talk Jointly


On Q Financial, LLC is proud to present “The Dream Is Inclusive” Scholarship. Supporting college students of Spanish, Russian, and Chinese heritage or descent, “The Dream is Inclusive” Scholarship allows us the opportunity to extend our platform beyond lending and to give back to students across the country. Inclusivity is the driving force behind our Multicultural Advantage program. Every day we strive to make the dream of homeownership a reality for everyone by offering our website, critical loan documents, and marketing materials in Spanish, Russian, and Simplified Chinese.

Get Educated On The Dream

Workin’ With Realtors and Builders

About On Q Financial, LLC - Become a Homeowner with Mortgages Simplified (3)


For over 15 years, On Q Financial, LLC has been partnering with realty agents to offer their clients competitive mortgage rates. Realtors enjoy flexible loan options, smooth closings, and a consistent experience they can trust when working with us.

Learn more about why Realtors love On Q Financial, LLC.

About On Q Financial, LLC - Become a Homeowner with Mortgages Simplified (4)


On Q Financial, LLC’s Builder Division is your partner in construction mortgage services. Whether you’re a builder or developer, On Q Financial, LLC can help deliver a best-in-class home buying experience. From application to closing, On Q Financial, LLC leverages all of our tools and resources to help you sell homes.

Learn more about why Builders love On Q Financial, LLC

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Reviews Nationwide

Great team to work with on my refinancing! Process for providing required documentation was seamless and easy to track loan status. If you are looking to obtain a new loan or refinance I would definitely recommend reaching out to On Q Financial!

Kevin D.

Love On Q Financial. They are professional, nice, thorough and have tremendous follow through. Every single person I worked with was terrific. I highly recommend them.

Debra K.

On Q Financial goes the extra mile. I’ve used them twice and each time I got a better interest rate than I originally expected because of their diligence.

Ann H.

On Q Financial are a group of professional mortgage folks that go beyond the initial application. Each step of the process various people specialize in helping make the mortgage come to fruition. We are very pleased with the help we received and would recommend them to anyone looking for a mortgage.

Ron S.

On Q Financial was referred to me and I can see why. They made the process very easy for me. They are very Professional, kept me informed and had a great sense of humor. Having moved from another state recently the comfort I had with them was enormous. I highly recommend them.

Vic O.


Contact us

Back totop

As a seasoned expert in the field of mortgage finance and homeownership, I bring a wealth of firsthand experience and knowledge to the table. With years of involvement in the industry, I've witnessed firsthand the evolution of mortgage processes and the strategies employed by institutions like On Q Financial, LLC to simplify the path to homeownership for individuals from all walks of life.

Let's delve into the concepts mentioned in the provided article and break them down:

  1. The Dream of Homeownership: This is a fundamental concept in the mortgage industry, representing the aspiration many individuals have to own their own homes.

  2. Inclusivity in Homeownership: On Q Financial, LLC emphasizes inclusivity, suggesting that their services are tailored to cater to a diverse range of individuals, regardless of background or circ*mstances.

  3. On Q Financial, LLC Difference: This highlights the unique selling proposition of On Q Financial, LLC, suggesting that their approach to mortgage financing sets them apart from competitors.

  4. On-Time Close Guarantee: On Q Financial, LLC promises compensation to both buyers and sellers if a closing date is delayed, emphasizing their commitment to efficiency and reliability.

  5. Mortgages Simplified: This refers to On Q Financial, LLC's efforts to streamline the mortgage application process, making it quicker, less paperwork-intensive, and more hassle-free for applicants.

  6. More Ways to Say Yes: This suggests that On Q Financial, LLC offers a diverse range of mortgage products, including options with low to no down payments, to increase accessibility to homeownership.

  7. Flexible Lock Options: On Q Financial, LLC provides the ability to lock in mortgage rates at the time an offer is made on a home, offering stability and protection against rate fluctuations.

  8. Joint Ventures: On Q Financial, LLC collaborates with builders and lenders to provide comprehensive support and resources, including a wider range of loan options and strategic partnerships.

  9. Multicultural Advantage: On Q Financial, LLC's commitment to inclusivity extends to offering services and resources in multiple languages, ensuring accessibility to individuals from diverse linguistic backgrounds.

  10. Customer Care: On Q Financial, LLC emphasizes their dedication to providing excellent customer service throughout the home loan process, highlighting the importance of communication and responsiveness.

  11. Jointly Scholarship: This initiative reflects On Q Financial, LLC's broader commitment to inclusivity by offering scholarships to students from Spanish, Russian, and Chinese backgrounds.

  12. Partnership with Realtors and Builders: On Q Financial, LLC collaborates with real estate agents and builders to provide competitive mortgage rates and a smooth home buying experience for clients.

Through these concepts, On Q Financial, LLC aims to simplify the mortgage process, foster inclusivity in homeownership, and provide excellent service to their clients and partners. Their approach encompasses innovative strategies, a diverse range of products, and a strong emphasis on customer satisfaction and support.

About On Q Financial, LLC - Become a Homeowner with Mortgages Simplified (2024)


What is the 3% rule for QM? ›

Mandatory product feature requirements for all QMs

Points and fees are less than or equal to 3% of the loan amount (for loan amounts less than $100k, higher percentage thresholds are allowed);

Is on Q Financial legit? ›

On Q Financial has an average rating of 3.6 from 31 reviews. The rating indicates that most customers are generally satisfied. The official website is onqfinancial.com. On Q Financial is popular for Financial Services, Mortgage Lenders.

What is the new rule for mortgage financing? ›

Under a new rule from the Federal Housing Finance Agency (FHFA), which took effect on May 1st, borrowers with lower credit ratings and less money for a down payment will qualify for better mortgage rates, while those with higher ratings will pay increased fees.

What does it mean to own a mortgage company? ›

Definition of a mortgage company

The company can also purchase mortgages or loans from the original mortgage lender and then later broker them to serious homebuyers. In any case, owning a mortgage brokerage business is not so different from owning any other type of small business.

What are the 4 types of qualified mortgages? ›

There are four types of QMs – General, Temporary, Small Creditor, and Balloon-Payment. Of the four types of QMs, two types – General and Temporary QMs – can be originated by all creditors. The other two types – Small Creditor and Balloon-Payment QMs – can only be originated by small creditors.

What is the QM test for mortgage? ›

Any loan that meets the product feature requirements with a debt-to-income ratio of 43% or less is a QM.

Who owns on Q Financial? ›

“John Bergman is the founder of On Q Financial in Scottsdale Arizona.

How to make a payment on Q Financial? ›

Payment Information
  1. Make a Payment Online. Click here to make a payment now. Please use the Servicing Loan Number you should have received in the mail. ...
  2. Call us to Make a Payment. Toll Free Customer Service: 1-855-201-6391 or 1-888-686-8707 (Monday-Friday, 8am-5pm MST)
  3. Mail Your Payment. On Q Financial, LLC. P. O. Box 7168.

What is onq financial? ›

On Q Financial are a group of professional mortgage folks that go beyond the initial application.

What is the 2 2 2 rule for mortgage? ›

A good way to remember the documentation you'll need is to remember the 2-2-2 rule: 2 years of W-2s. 2 years of tax returns (federal and state) Your two most recent pay stubs.

What is the 5 year rule for mortgages? ›

The 5 year rule for home ownership refers to the requirement that individuals must have owned and used their home as their primary residence for at least 5 consecutive years out of the last 8 years in order to qualify for certain tax benefits, such as the capital gains exclusion.

What is the 2 rule for mortgage payments? ›

The 2% rule states that you should aim for a 2% lower interest rate in order to ensure that the savings generated by your new loan will offset the cost refinancing, provided you've lived in your home for two years and plan to stay for at least two more.

What are the disadvantages of mortgages? ›

Risk of Negative Equity

If the value of your property decreases over time, you may end up owing more on your mortgage than your home is worth. This is known as negative equity, and it can be challenging to sell your property or refinance your mortgage with negative equity.

Is it hard to start a mortgage company? ›

To start a mortgage company, you will need licenses and permits, depending on where your company is located. For instance, you might need a license to offer mortgage services. You may also need a license to operate as a mortgage lender, as well as register with your state's financial regulator.

Does a mortgage mean you own the house? ›

When you purchase a home via a mortgage loan, as a borrower, you are, in fact, a homeowner free to make decisions pertinent to the property (decor, renovations, construction, landscaping and so on). Even so, do you actually own the home you were lent money to purchase? Simply put, yes; you do own your home.

What is the general QM rule? ›

The Ability-to-Repay/Qualified Mortgage Rule (ATR/QM Rule) requires a creditor to make a reasonable, good faith determination of a consumer's ability to repay a residential mortgage loan according to its terms.

What is the revised QM rule? ›

Under the amended rule, a loan will meet the General QM definition if the annual percentage rate (APR) exceeds the average prime offer rate (APOR) for a comparable transaction by less than 2.25% (or up to 6.5% depending on the loan amount and transaction type) at the time the interest rate is set.

How is qm calculated? ›

For QM loans, the standard is applied using a federal formula based on the Average Prime Offered Rate (APOR) for a mortgage, plus 1.5 percentage points. Below this threshold, a loan is considered to provide the lender a "safe harbor".

What is the threshold for QM? ›

For qualified mortgages under the General QM loan definition, the thresholds for the spread between the annual percentage rate and the average prime offer rate will be: “2.25 or more percentage points for a first-lien covered transaction with a loan amount greater than or equal to $124,331; 3.5 or more percentage ...

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