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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.

See if you pre-qualify
Or, speak to a mortgage specialist.
Google rating: 4.5 of 5 stars
Top Mortgage Lenders Scotsman Guide
Zillow rating: 4.9 of 5 stars

Home Equity Loans for All

As a federally chartered digital bank and a community focused bank, 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

Accepts flexible income documentation

X
Check

Eligible for Investment Properties

Check
Check

Eligible for Second Home Properties

Check
Check

Loan Amounts

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

Reserves Required

No
Yes

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

We accept alternative income documentation to qualify, not just tax returns or W2s

Full documentation and Lite Documentation options available

Second mortgage highlights

  • Full Documentation and Lite Documentation options available
  • 15 or 30 year fixed terms
  • Up to 50% DTI for primary residences
  • No impact to your current mortgage rate

Top uses for home equity loans

  • Finance large purchases
  • Put a down payment on a second home
  • Finance home improvements
  • Pay for higher education costs
  • Consolidate debt

Benefits of a home equity loan

  • Interest rates are fixed instead of variable
  • Access to funds comes quickly
  • Funds can be used for a wide variety of reasons
  • Loan amounts are higher than a typical Personal Loan
  • Interest rates are lower than most credit cards

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.

Speak to a mortgage specialist
"The loan team at Quontic Bank was fantastic! They helped me and my family to buy our first house. As immigrants, we have experienced many difficulties and obstacles, but they walked us through the best path and today we can say we own our own house. Highly recommended bank. Thank you."
- Paola R.
"My loan officer and his team looked after me from A-Z. I was extremely glad as a person with non-US sourced income to be able to buy my dream apartment in NYC – without Quontic’s focus on niche borrowers like me, I quite simply would not have been able to purchase my new West Village home. Thank you, Quontic!"
- Bryce G.
"Despite having a substantial down payment and excellent credit score, I was turned down by other institutions because I did not meet their income requirements, so I called Quontic Bank. They specialize in loans that are made for investors or buyers who cannot meet conventional mortgage requirements. Thank you. Quontic."
- James C.
"I had a great experience with my loan officer. Everyone was responsive, thorough, and professional. They were able to provide a loan based on my specific needs, which was not possible through other lenders. Highly recommend and will be coming back again in the future."
- James L.
"Excellent! I can’t believe it, I got my new home on time, 30-years fixed rate and no income check! I live in California, no matter they are in NY, all process we are doing by phone and email. They are professional. They know what documents need and help you to reach it. Thank so much to them!"
- Ng Kyle C.
"Let me start 2022 by saying our family is finally in the house of our dreams! Our Loan Officer and his team navigated us through the mortgage process with knowledge, confidence and kindness that is difficult to find nowadays, especially in business. From that 1st 'after hours' phone call I made to the closing of the loan, he always listened, was patient and helped us in ways other banks could not. We certainly put him to the test, and truly appreciate what he and Quontic bank did for us!"
Glenn & Brett K.

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 August 15, 2024 & is subject to change without notice.

2The Federal Housing Agency based on single unit as of August 15, 2024

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