With a conventional loan, get a head start on homeownership over other buyers who have lesser qualifications. Whether you’re looking to purchase or refinance a primary residence, vacation home or rental property, a conventional loan could fit your needs.
The Conventional Choice
Conventional loans are optimal choices for both purchase and home refinancing. You may be able to qualify based on your income, debt, credit history and down payment. While each loan type has its pros and cons, Conventional loans continue to be one of the most popular options for first-time homebuyers, repeat buyers and individuals looking to refinance their existing mortgage.
Up to $548,250
Minimum FICO Score Required
Minimum Down Payment Required
As Low As 3%
Available in All 50 States
Recognized As A Top Mortgage Lender
Quontic’s loan officers 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.
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.
Getting pre-qualified for a mortgage helps you understand how much home you may be able to 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.
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.
“My Loan Officer and his team were absolutely the best! He offered a solution that was superior to what I had before and said he would deliver within my timeframe. From inception to closing it only took 18 business days!!! I would definitely choose Quontic Bank again.”
“The most amazing customer experience in 30 years! The focus on Customer Service isn’t just levels above the entire banking industry it’s unmatched anywhere! The loan offerings are exceptional. Quontic Bank is simply the best choice you’ll make for your banking needs.”
“Great experience working with our Loan Officer and his team. They were very professional and efficient on our mortgage application process and helped us close the mortgage very quickly. Also love the nice package they sent us that included all the relevant documents about the house. Highly recommended.”
“Our Loan Officer and his team at Quontic Bank were amazing to work with on our mortgage. As first time homeowners, they made the process so easy and seamless. Communication skills are A+++. Their efforts exceeded all of our expectations and we were able to close much sooner than we thought.”
“Our Loan Officer and his team were extremely professional, knowledgeable and very quick to assist. They made the refinancing experience seamless and painless. Thanks!!”
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 September 24, 2021 & is subject to change without notice.
*The Federal Housing Agency based on single unit as of Augus 23, 2021
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.