Condo Mortgage Solutions
Simpler mortgages for condo properties
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Conventional Loans | Lite Documentation Loans | |
---|---|---|
![]() Flexible Income Documentation Required | ![]() | ![]() |
![]() 100% Gift Funds Accepted For Down Payments, Closing Costs on investment property loans | ![]() | ![]() |
![]() Loan amounts | Up to $766,550* | 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.
*The Federal Housing Agency based on single unit as of September 3, 2024
**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.
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Loans designed
for condos
Mortgage Programs for Borrowers with Alternative Income
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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.
Frequently Asked Questions
What are gift funds?
Does Quontic accept gift funds?
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?
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
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