CDFI: Certified US Department of Treasury

Transforming the Nation One Community at a Time.

The Community Development Financial Institutions Fund (CDFI Fund) offers tailored resources and innovative programs that generate economic growth and opportunities for distressed communities around the nation. By combining federal capital alongside private funds, the CDFI can take a market-driven approach to support economically disadvantaged communities. The CDFI encourages mission-driven institutions to join this initiative and make a significant impact on these communities.

How Are We Involved?

Flexible Underwriting

Many Americans have complicated financial circumstances that prevent consideration by traditional lenders. Flexible underwriting makes it possible for even very low-income consumers to acquire homes and income-generating properties. Non-traditional underwriting may also provide the assistance many foreign nationals and non-permanent residents need.

Quontic offers loan programs which accept alternative income and/or credit documentation. Quontic finds many aspiring low-income borrowers to be savers. Often, they don’t meet standard debt-to-income (DTI) criteria but can pull together substantial down-payments and fund reserves to meet additional requirements.

Quontic also accepts gifted equity from family and uses prospective rental income cash flow from the subject property for loan qualification purposes.

Family & Economic Impact

Quontic helps consumers with economic constraints qualify for mortgage loans and access cost assistance programs. These resources give consumers the power to improve their financial well-being through equity and rental income.

Flexible Loan Programs

Quontic’s Community Development Loan program is perfect for self-employed, low-income, or other consumers who can’t provide standard income documentation (W-2’s, pay stub, tax returns, etc.).

A High DTI, up to 100%, family gifts, and future rental income/cash-flow are acceptable for non-owner-occupied income-producing properties. Flexible lending makes credit work for families who share housing with multiple generations or pool resources to achieve property ownership.

This flexible lending model honors the diverse communities Quontic serves.

Our Advisory Boards

Combining the knowledge and expertise to achieve our mission to bring
the dream of homeownership to the underrepresented.

Quontic’s Advisory Boards are a diverse group of financial and lending professionals that assist Quontic in allocating the resources necessary to aid the needs of underrepresented communities.

Quontic’s Executive Leadership team is committed to serving underserved communities and to further hold the bank accountable to its target markets. In order to facilitate same, the Bank has established two Community Development Advisory Boards (CDAB). The creation of the CDABs allows Quontic to engage formally with experts who are engaged in the development and delivery of financial products and services to underbanked and low-income target populations nationally (LITP), those in low-income investment areas in the New York metropolitan area (IA), and Black and Hispanic borrowers nationwide while supporting equitable access to affordable housing development and homeownership.

Paul Campbell

Executive VP Lending
Kwik Mortgage

David Clower

CIO & Founder 
Raza Development Fund (CDFI)

Tino Diaz

Managing Director
Americas Homeowner Alliance

Tino Diaz

Managing Director
Americas Homeowner Alliance

Victor Michael Flores

Managing Partner
Snowwater Investment Partners, LLC

Victor Michael Flores

Managing Partner
Snowwater Investment Partners, LLC

Derrick Griggs

CEO
NHSNYC (CDFI)

Joseph Holland

Writer, Attorney, Entrepreneur
and Ordained Minister

Marco Antonio Huaman

CEO
Sacsayhuaman Ventures

Evan Metalios

Director
Quality Services for the Autism Community

Pilar Moya-Mancera

Executive Director
Housing Help, Inc.

Pilar Moya-Mancera

Executive Director
Housing Help, Inc.

Saurabh Narain

CEO
National Community Investment Fund (CDFI)

Saurabh Narain

CEO
National Community Investment Fund (CDFI)

Dan Rowe

Director
Catholic Health Services of Long Island

Steve Thomas

Co-chair, National Advisory Council, National Housing Conference & Managing Director Mortgage Capital Markets, FHLB of Chicago

Mike Wirth

Director
Young Survival Coalition

Bryan Young

CEO
Home Lending Pal