Non-Traditional Mortgages

Name: Non-Traditional Loans
Brand: Quontic

Meet the mortgage solution made for
non-traditional borrowers.

Quontic’s home loans provide potential homebuyers or current homeowners with access to unique mortgage solutions. These loans are best suited for those with good credit who may not show consistent income on paper, or have difficult to document income sources, despite having strong savings or access to gift funds.

Or, speak to a mortgage specialist.

Built for Borrowers Like You¹

Non-Traditional Mortgage Programs

A loan in a league of its own

Quontic’s non-traditional mortgage loans are a well-suited home financing option for those with good credit and a significant down payment but who require additional assistance due to paperwork gaps like a lack of W2s or tax returns. We simplify the mortgage process and assess the borrower’s full financial profile, not just stacks of statements.

	Conventional Loans¹	Lite Documentation Loans¹
Flexible income documentation required
100% gift funds accepted for down payments and closing costs on investment property loans
Loan amounts	Up to $766,550²	Up To $3,000,000*
Minimum FICO score required	620	660
Minimum down payment required	As low as 3%	20%**

Information in this chart is applicable to the purchase of a primary residence only and subject to additional requirements.

*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.

Mission driven & federally certified

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 offer these types of home loans. Our mission is to level the lending playing field by making mortgages more equitable for communities that need them. Learn more about our unique CDFI designation here.

"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!"

"Let me start 2022 by saying our family is finally in the house of our dreams! Our Loan Officer and his team navigated us through the mortgage process with knowledge, confidence and kindness that is difficult to find nowadays, especially in business. From that 1st 'after hours' phone call I made to the closing of the loan, he always listened, was patient and helped us in ways other banks could not. We certainly put him to the test, and truly appreciate what he and Quontic bank did for us!"

Frequently Asked Questions

What are gift funds?

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”.

Does Quontic accept gift funds?

Yes, Quontic accepts 100% Gift Funds for down payment and closing costs for our Community Development Loans for eligible applicants.

How much of a down payment do I need?

Depending on which loan program you qualify for, you can have as little as a 20% down payment to own a home.

Do I need to verify my income?

Depending on which loan program you qualify for, a statement of income may not be required.

Do I need tax returns to qualify?

No tax returns or W2s are needed to qualify for our Community Development Loans.

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.

Why is it important to get pre-qualified for a mortgage?

Getting pre-qualified for a mortgage helps you understand how much home you can 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.

What are the current mortgage rates?

Mortgage rates can change every day. For the most current rates, please provide your contact information and we’ll have a mortgage specialist contact you. https://www.quontic.com/mortgages/speak-to-mortgage-specialist/

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 September 3, 2024

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