A mortgage made for gig workers
Home loans for gig workers
Quontic offers Community Development Loans for workers who earn income through freelancing, contract work and gig apps like Uber, Instacart and Fiverr. We simplify the process even if you have inconsistent or difficult-to-document income. The requirements to get a mortgage as a gig worker are flexible, with a minimum FICO credit score of just 640 and the option to use gift funds to cover up to 100% of the down payment and closing costs.
Simpler mortgages for gig workers
Community Development Loans
100% gift funds accepted for down payments and closing costs on investment property loans
Up to $726,200*
Up To $3,000,000**
Minimum FICO score required
Minimum down payment required
As low as 3%
Information in this chart is applicable to the purchase of a primary residence only.
*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 for qualified applicants.
***20% Down payment required minimum 660 credit score and has a maximum $1.5 million loan amount.
A home loan to match your mindset
12 Month CPA / Tax Prepared P&L accepted
As a CDFI, we accept alternative income documentation to qualify, not just tax returns or W2s
Recognized as a top mortgage lender
Frequently Asked Questions
How do I get started with a Community Development loan?
What are gift funds?
Does Quontic accept gift funds?
Why should I get my mortgage through Quontic Bank?
Why is it important to get pre-qualified for a mortgage?
Mortgage insights for gig workers
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 December 9, 2022 & is subject to change without notice.