Alternative Income Home Loans
Simpler mortgages for alternative borrowers
Lite Documentation Loans
100% gift funds accepted for down payments and closing costs on investment property loans
Up to $548,250*
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.
***20% Down payment required minimum 660 credit score and has a maximum $1.5 million loan amount.
Types of borrowers with alternative income
Mortgage programs for borrowers with alternative income
Recognized as a top mortgage lender
Frequently Asked Questions
Depending on which loan program you qualify for, you can have as little as a 20% down payment to own a home.
Depending on which loan program you qualify for, a statement of income may not be required.
"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."
"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!"
“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.”
"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."
"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!"
1All lending products are subject to credit and collateral 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 July 19, 2023 & is subject to change without notice.
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