Fha Loans1

Flexible Borrowing Options to Help You Find Your Home, Sweet Home

Our FHA home loans1 are a first time homebuyers’ dream. This program requires only a modest 3.5% down payment and allows for not-so-perfect credit.

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Recognized For Quality Mortgage Lending

Our exceptional customer service, knowledgable loan officers, and fast clear to close times have earned us a near 5 star average on Zillow!

Uplifting Underserved Populations

As a CDFI, our mission is to be the bridge between underserved communities and their homeownership dreams. Our CDL program is perfect for the self-employed, low-income, or other customers with unique circumstances whose income documentation doesn’t tell the whole story.

What is an FHA Loan1?

A Federal Housing Administration (FHA) loan is a mortgage that is insured by the federal government.2 Quontic is an approved Federal Housing Administration lender in all 50 states. We are dedicated to providing FHA home loans to borrowers looking to achieve the dream of homeownership. With low down payments, the choice of fixed & adjustable rates, and gift allowances for closing costs, Quontic is helping our customers finance their home purchase with ease.

What is an FHA Loan1?

A Federal Housing Administration (FHA) loan is a mortgage that is insured by the federal government.2 Quontic is an approved Federal Housing Administration lender in all 50 states. We are dedicated to providing FHA home loans to borrowers looking to achieve the dream of homeownership. With low down payments, the choice of fixed & adjustable rates, and gift allowances for closing costs, Quontic is helping our customers finance their home purchase with ease.

How is an FHA Loan1Different From a Conventional Mortgage?

While both types of mortgages off a path to homeownership, the two loans are drastically different. To start, the credit score requirements of an FHA loan1 are lower than the FICO score range for a conventional loan. FHA loans1 allow a minimum down payment starting at 3.5%. Conventional loans typically have a 20% down payment, or borrowers pay private mortgage insurance (PMI) if the down payment is lower. FHA mortgage loans do require an Up Front Mortgage Insurance Premium and a mortgage insurance premium (MIP) to be paid by the borrower.

Why Quontic for FHA Loans?

We offer the attention and personalization of a community bank with a user-friendly digital process. With our fast clear to close times and team of experts in your corner, we’ll have you in your dream home in no time.

Our Loan Specialists Will Get You Home

Quontic’s loan officers have mortgage experience with multiple loan programs spanning decades. They are a diverse and multi-lingual salesforce that are licensed to lend in all 50 states.

Curious About the Homebuying Process?

Frequently Asked Questions

FHA loans are known to be a flexible lending option. Suitable for first-time buyers, FHA loans have looser qualifications than conventional loans.
FHA home loans are for any financially qualified borrower. Important factors include your credit history and FICO scores in order to secure the minimum down payment of 3.5%.
FHA loans and Conventional loans differ on down payment and the credit score requirements to qualify. Conventional loans typically require higher FICO scores and a 20% down payment.
FHA loans are extremely popular with first time homebuyers who may not have saved enough for a large down payment.

Potential homebuyers can get an FHA home loan with as little as a 3.5% down payment.

Serving The Underserved

A Commitment We Don't Take Lightly

Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic’s disruptive banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities.

Disclaimer:

1 Quontic Bank is not affiliated with or acting on behalf of or at the direction of Federal Housing Authority (FHA) or any government agency or government sponsored entity. 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 April 16, 2021 & is subject to change without notice.
2 FHA mortgage loans do require an Up Front Mortgage Insurance Premium and a mortgage insurance premium (MIP) to be paid by the borrower.