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Home Equity Loans

Tap into your home’s equity to finance a major purchase or project. Unlike a HELOC, a home equity loan, or HELOAN, is a second mortgage that allows you to borrow a one-time, lump sum of money. Whether you’re a conventional borrower or someone with non-traditional income, Quontic has home equity loan options to fit your second mortgage needs.
Google rating: 4.5 of 5 stars
Bankrate rating: 5 of 5 stars
Zillow rating: 4.9 of 5 stars

Home Equity Loans for All

As a federally chartered digital bank and US Treasury designated Community Development Financial Institution (CDFI), we’re one of only a few mortgage lenders that can help meet the lending needs of both traditional, W2 and salaried borrowers and those with inconsistent or difficult-to-document income. We assess our home equity loan borrowers full financial profile, not just bank statements, W2s, and tax returns.
Full Doc
Home Equity Loan
Lite Doc
Home Equity Loan
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Accepts flexible income documentation

X
Check
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Eligible for Investment Properties

Check
X
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Eligible for Second Home Properties

Check
Check
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Loan Amounts

Up to $500,000
(minimum $100,000)
Up To $350,000
(minimum $100,000*)
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Reserves Required

No
Yes
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Minimum FICO score required

680
680
Not eligible for properties located in Texas & Tennessee
*Minimum loan amount for Texas is $200,000

Loans designed for non-traditional borrowers

Available for PUDS, 1-4 units, and condos

As a CDFI, we accept alternative income documentation to qualify, not just tax returns or W2s
Full documentation and Lite Documentation options available

Second mortgage highlights

Top uses for home equity loans

Benefits of a home equity loan

Recognized as a top mortgage lender

Quontic’s loan officers may help make the loan process simple and seamless. With mortgage experience across multiple loan programs spanning decades, they are a diverse and multi-lingual team ready to walk you through each step of the mortgage process. And with hundreds of 5 star reviews from our customers, you can trust you’ll get a customized experience that makes your purchase or refinance goals a reality.

Disclaimer:

1All 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 May 31, 2023 & is subject to change without notice.

2The Federal Housing Agency based on single unit as of May 31, 2023

Bankrate is a registered trademark of Bankrate, LLC. Google and the Google logo are registered trademarks of Google LLC. Zillow is a registered trademark of Zillow, Inc.