Home Equity Loans
Home Equity Loans for All
Full Doc Home Equity Loan | Lite Doc Home Equity Loan | |
---|---|---|
Accepts flexible income documentation | ||
Eligible for Investment Properties | ||
Eligible for Second Home Properties | ||
Loan Amounts | Up to $500,000 (minimum $100,000) | Up To $350,000 (minimum $100,000*) |
Reserves Required | No | Yes |
Minimum FICO score required | 680 | 680 |
Not eligible for properties located in Texas & Tennessee | *Minimum loan amount for Texas is $200,000 |
Loans designed for non-traditional borrowers
Available for PUDS, 1-4 units, and condos
Second mortgage highlights
- Full Documentation and Lite Documentation options available
- 15 or 30 year fixed terms
- Up to 50% DTI for primary residences
- No impact to your current mortgage rate
Top uses for home equity loans
- Finance large purchases
- Put a down payment on a second home
- Finance home improvements
- Pay for higher education costs
- Consolidate debt
Benefits of a home equity loan
- Interest rates are fixed instead of variable
- Access to funds comes quickly
- Funds can be used for a wide variety of reasons
- Loan amounts are higher than a typical Personal Loan
- Interest rates are lower than most credit cards
Recognized as a top mortgage lender
Quontic’s loan officers may 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.
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.
2The Federal Housing Agency based on single unit as of August 15, 2024