Home Loans For
If you’re self-employed as a business owner, contractor, freelancer, or gig worker, qualifying for a mortgage no longer has to be just a dream. Quontic offers Community Development Loans1 for the enterprising and entrepreneurial community. Whether you have inconsistent or difficult to document income, we may be able to help you make the complicated process of purchasing or refinancing a home simple and seamless. We focus on helping you finance your home, so you can focus on growing your business.
Simpler Mortgages For Self-Employed Borrowers
As a federally chartered digital bank and US Treasury designated Community Development Financial Institution (CDFI), we’re one of only a few mortgage lenders that can accept alternative income documentation from borrowers who have strong credit and the substantial down payment to qualify. We assess the loan applicant’s full financial profile, not just bank statements, W2s and tax returns.
Community Development Loans
Little To No Income
Self-prepared Profit & Loss Statements
100% Gift Funds Accepted For
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.
*A loan amount up to $3,000,000 requires 30% down payment and a FICO score of 700.
**20% down payment requires a minimum 720 credit score and has a maximum $1.5 million loan amount.
A Home Loan To Match Your Mindset
As a CDFI, we accept alternative income documentation to qualify, not just tax returns or W2s
A 12 month self-prepared profit and loss statement allowed for self-employed borrowers
Corporations and LLCs are accepted for investment properties
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
The first step is to get pre-qualified. Tell us more about you in 60 seconds or less so we can connect you with a Quontic mortgage specialist. https://www.quontic.com/cdl-mortgage-prequalify/
Gift funds are monetary gifts a borrower receives from generous relatives to use towards the down payment and/or, possibly, other costs associated with purchasing a home. Funds received from grants or financial assistance companies cannot be used as gift funds. To learn more about gift funds, check out our guide “Using Gift Funds For A Down Payment”.
Yes, Quontic accepts 100% Gift Funds for down payment, closing costs, and reserves for eligible applicants.
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.
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.
2The Federal Housing Agency based on single unit as of January 1, 2022
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