Lower Rates & Faster Turn Times (2)

Quontic’s Community Development Loans: now with lower rates & faster turn times

October 18, 2021
by Chris Teague
Sept. 20, 2020
Last updated: May 13, 2024

The information on this page is provided for the benefit of mortgage professionals and not intended for consumers or the general public.

Wholesale brokers – listen up! Are you looking for an Investor loan at the same base price as an Owner-Occupied loan? In need of a lower rate to close a tough-to-qualify borrower? Quontic has you covered. 

Due to the great success of our most recent Lite-Doc rate reduction promotion, as of October 11, 2021 we’ve decided to reduce our base rates permanently; that’s right, we’re now offering .50% off base rates for all Owner-Occupied loans. What’s more, we’ve now aligned our Investor base rates with our Owner-Occupied, lowering our Investor rates by a total of .625% than previously listed. On top of that, we lowered the Cash-Out adjustments, lowered the Second Home adjustments, lowered the Interest-Only adjustments, lowered the Foreign National adjustment AND lowered select LTV/FICO adjustments.

In addition to our new rate reductions, we have so much to offer. As a Community Development Financial Institution (CDFI), we’re flexible when it comes to income and employment verification, we accept 100% gift funds for down payments, closing costs & reserves for all loan types and transactions, and offer quick turn times through Quontic’s Fast Track. If approved and eligible, your loan is pushed to the front of the line for disclosures, initial approval, condition review, CTC review, and closing. 

On the Fast Track, loans are closing at rapid speeds, with review turn times as fast as 24 hours. This dynamic new update to our Wholesale Division will help elevate our network of approved brokers and give them the speed they need to close loans and keep their pipeline flowing. Even if you’re not quite ready to submit a loan, don’t worry! We have the test lap you need to get your loan on the Fast Track. With the Quontic Qualifier, you can price a loan instantaneously and receive underwriting results at the same time. 

With our one-of-a-kind unique loan products and competitive rates, along with our team of experienced Wholesale Account Executives, brokers can rest assured that their tough-to-qualify files will become clear to close through Quontic. At Quontic, we’re not just a lender. We’re a mission-driven digital bank. As one of the fastest growing wholesale lenders in the country, we make it easy for you to provide homeownership opportunities to those who deserve it most. 

If you’re already in our approved broker network, get started by submitting a loan. If you want to join our dynamic Wholesale division, sign up to become an approved broker today.

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