Home Purchase Loans

Purchasing a home shouldn’t be complicated, confusing, or one-size-fits-all. With Quontic, you get a simplified process where borrowing decisions are based on your ability to repay your loan and not limited by traditional documentation requirements. You can take pride in partnering with a US Treasury, CDFI designated bank that is changing the mortgage lending landscape of communities across the country. From our unique and nontraditional Community Development Loans to Conventional Loans and everything in between, rest assured that you’ll get a customized process with a team of experienced, diverse and dedicated specialists ready to make your home ownership dreams a reality.

Member FDIC Equal Housing Lender

Community Development Loans1

Our lives aren’t one size fits all, your mortgage shouldn’t be either.

With a Community Development Loan, inconsistent or difficult to document income may not hold you back – you may be able to qualify to purchase a home based on your good credit, substantial savings and alternative income documentation.

Making home ownership more equitable and accessible:

  • Flexible documentation requirements
  • Your down payment, closing costs, and reserves can be 100% gifted
  • Loan amounts up to $3,000,000.

Conventional Loans1

Find mortgage flexibility with great advantages for qualified borrowers.

Our competitive rates and top-tier service make Quontic the right choice for your conventional loan financing.

Traditional loans through a non-traditional lender:

  • A mortgage made for all types of properties.
  • Higher credit score needed compared to an FHA loan
  • Private Mortgage Insurance (PMI) required for down payments less than 20%

FHA Loans1,2

Finance your dream home with less cash upfront.

With an FHA loan from Quontic, take advantage of low down payments, the choice of fixed & adjustable rates, and gift allowances for closing costs.

The loan you need, at a price you can afford:

  • Low down payments starting at 3.5%
  • Your choice of fixed & adjustable rates
  • A loan that’s more flexible to obtain vs. a conventional loan

VA Loans1,2

You’ve served our country, we’re helping you home.

Veterans, Reservists and Active military applicants can achieve the dream of homeownership through Quontic’s VA program offering 100% financing for eligible applicants.

  • Qualified applicants don’t need a down payment
  • Relaxed credit requirements vs. a conventional loan

Frequently Asked Questions

Many experts recommend that your housing costs — including mortgage, taxes and insurance — should be no more than 28% of your monthly income. However, this rule of thumb may not work for everyone. To figure out how much you can afford to spend on a home, consider your household income, monthly debts and the amount you plan to use for a down payment.

Private Mortgage Insurance, or PMI, is an added insurance policy for homeowners who have a down payment that is less than 20%. PMI protects the lender if the borrower is unable to pay their mortgage. This insurance is not forever. It will either end automatically when a mortgage’s principal balance reaches 78% of the original appraised value of the home or the borrower can ask the lender for a new appraisal to validate that they have built at least 20% equity in their home.

Getting pre-qualified for a mortgage helps you understand how much home you can afford and shows that you are a serious buyer. It also helps you find a lender that can work with you to select the right home loan with an interest rate that fits your needs.

Mortgage rates can change every day. For the most current rates, please provide your contact information and we’ll have a mortgage specialist contact you. https://www.quontic.com/mortgages/speak-to-mortgage-specialist/

At Quontic, you’re more than just a loan application. We value all our customers’ diverse situations and embrace them with specialized mortgages made to fit their needs. Plus, in addition to being registered to lend in all 50 states, we offer a diverse and multi-lingual sales team, an experienced Mortgage Specialist at every step and convenient and helpful customer service.


1 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 September 24, 2021 & is subject to change without notice. Ask for details.

2 Quontic Bank is not affiliated with or acting on behalf of or at the direction of FHA, VA or the Federal Government.