Conventional Loans
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.
 Loan Amounts | Up to $766,550 |
 Minimum FICO Score Required | 620 |
 Minimum Down Payment Required | As Low As 3% |
 Flexible Terms |  |
 Competitive Rates | |
 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
How much home can I afford?
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.
What is Private Mortgage Insurance (PMI)?
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.
Why is it important to get pre-qualified for a mortgage?
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.
Why should I get my mortgage through Quontic Bank?
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.
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 August 15, 2024 & is subject to change without notice.
*The Federal Housing Agency based on single unit as of August 15, 2024
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