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The One Program

Purchase a home with as little as 1% down
You may meet qualifications even if you have low-to-moderate income. Quontic’s One Program makes qualifying for a home simpler and more affordable. Qualified borrowers can purchase a home with as little as a 1% down payment, without having to pay private mortgage insurance (PMI).
Google rating: 4.5 of 5 stars
Bankrate rating: 5 of 5 stars
Zillow rating: 4.9 of 5 stars

Simpler Mortgages For Low and Moderate Income 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 lend to potential homeowners with limited down payment required.
Other
Lenders
The One
Program
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1% down payment required

X
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No mortgage insurance required

X
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Limited reserves required

X
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Non-traditional credit allowed

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No previous housing history required

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Information in this chart is applicable to the purchase of a primary residence only.

Sample Loan Scenario

Quontic
The One Program
Fannie Mae, Freddie Mac
HomeReady
Home Possible
FHA
FHA Loans
Note Rate
6.500%
6.625%
6.500%
Principle & Interest
$3,160.34
$3,201.55
$3,215.64
Monthly MI
$0.00
$329.17
$229.17
Total Monthly
$3,160.34
$3,530.72
$3,444.81
Increase in Monthly Payment vs. The One
N/A
$370.38
$284.47

Loan Assumptions

Single-family Purchase, Primary Residence, Best Efforts Lock-30 Day RCO, with escrows, based on 4/21/23 pricing.

Loan Amount: $500,000 ($508,750 FHA)
Term: 360 months
FICO: 700
LTV: 97%

Conv. BPMI: 0.79
FHA Upfront MIP Rate: 1.75%
MSA/County: Los Angeles

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

This program does not require any Mortgage Insurance.
Only 1% is required from the borrowers’ own funds for Down Payment.
Yes, Quontic accepts 100% Gift Funds for down payment and closing costs for our Community Development Loans for eligible applicants.
This program will go up to 97% Loan to Value.
No, you do not need to be a first time home buyer, and could have owned another home previously.

Disclaimer:

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 July 28, 2022 & is subject to change without notice.

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