Flexible Documentation Mortgages for Unique Borrowers
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A home loan without documentation hurdles
As a CDFI lender, Quontic provides income documentation relief to non-traditional borrowers in need of a home loan. Fortunately, only 3% of lenders are still allowed to provide low-doc or no-doc mortgages in an effort to serve those who have been economically excluded from homeownership. No W2 or tax return documentation is needed to qualify depending on your credit history and down payment capital. These one-of-a-kind loans are tailored to those with difficult-to-document income sources. entrepreneurs, real estate investors with complex income and so many others.
Conventional Mortgage Loan | Quontic Mortgage for Flexible Documentation | |
---|---|---|
Flexible Income | ||
Accountant-Prepared Profit & Loss | ||
100% gift funds accepted for down payments and closing costs, including on investment property loans | ||
Loan Amounts | Up to $726,200* | Up To $3,000,000** |
Minimum FICO Score Required | 620 | 660 |
Minimum Down Payment Required | As low as 3% | 20%*** |
Information in this chart is applicable to the purchase of a primary residence only and subject to additional requirements.
*The Federal Housing Agency based on single unit as of January 1, 2023.
**A loan up to $3,000,000 requires minimum 30% down payment and minimum FICO score of 740.
***20% Down payment required minimum 660 credit score and has a maximum $1.5 million loan amount.
Mission driven & federally certified
As a federally chartered digital bank and US Treasury designated Community Development Financial Institution (CDFI), Quontic Bank is one of only a few mortgage lenders that can offer home loans with flexible documentation requirements. Since 2009 our mission is to level the lending playing field by making mortgages more equitable for communities that need them.
Disclaimer:
All lending products are subject to approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. This does not represent an offer to enter into a loan agreement. Other requirements, restrictions & limitations apply. Information is accurate as of July 22, 2022.