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A mortgage program for every client
Homeownership shouldn't depend on whether a big bank decides you're worth it. Ponce Bank Residential Lending offers traditional and non-traditional mortgage programs built to open doors, not close them.
We proudly serve the buyers other banks overlook. As a CDFI (Community Development Financial Institution) and one of the leading minority-owned banks in the country, we've spent over 60 years proving that everyone in our community deserves the opportunity of owning a home.
Conventional Loan
The most common mortgage option for the typical buyer. Available with a variety of terms and down payment options.
FHA Loan
Government-backed with low down payments and flexible credit requirements. A solid option if you're buying your first home with limited assets.
Jumbo Loan
For properties above conventional loan limits. If you're buying a higher-value home, this is where to start.
Non-QM Loan
For borrowers who don't fit traditional criteria - self-employed, freelancers, investors, or those with past credit challenges. No tax returns required. Alternative income documentation accepted.
Refinance
Already own a home? Refinancing can lower your monthly payment, reduce the term of your existing mortgage, lower your rate, consolidate debt, or pull cash from your equity.
Not sure which loan is right for you?
Why get your mortgage through Ponce Bank?
- Traditional and non-traditional loan programs - one place, options for everyone
- Residential lending in all 50 states for 1-4 family homes, condos, and co-ops
- Mortgage Loan Originators who live and work in your neighborhood with flexible schedules to fit your needs
- Multilingual support - we speak your language
- Non-QM (Non-traditional) options for the self-employed, investors, and non-traditional earners
- Free First-Time Homebuyer Webinars through the Ponce Bank Financial Mastery Series
- Down payment assistance programs available
- Ponce Bank has been lending in low-to-moderate income communities for over 60 years
How it Works
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Step 1 - Get pre-qualified
Talk to a Mortgage Loan Originator to find out how much you can borrow. Pre-qualification is free and gives you a clear budget before you start shopping.
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Step 2 - Shop with confidence
With a pre-qualification in hand, you know your price range. Your MLO stays available to answer questions as you search.
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Step 3 - Choose your loan
Found a home? Your MLO will match you to the program that fits your income, credit, and goals.
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Step 4 - Apply
Submit your application and required documents. We'll review everything and keep you updated throughout.
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Step 5 - Close and move in
Sign your loan documents and get the keys. You're home.
Who can apply?
Requirements vary by program. Here is what lenders generally look at - and many of our programs have more flexible standards than you'd expect:
- Credit score - some programs accept as low as 620
- Income and employment history - traditional pay stubs or alternative documentation for non-QM
- Down payment funds - as low as 0% for VA, 3% for some programs
- Property type: primary residence, second home, or investment property
- Debt-to-income ratio
Turned away by another lender? Don't stop there. We specialize in finding options for borrowers other banks overlook. Talk to one of our Mortgage Loan Originators.
We invest in local folks.
We invest in your neighborhoods.
- 60+ years serving the New York City Metro Area
- Rated #1 for lending in low-to-moderate income communities among CDFIs by the National Community Investment Fund
- More than 75% of our loans go to low-to-moderate income neighborhoods
- Around $0.80 of every dollar you deposit creates community financing
You may be eligible if you:
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Are a first-time homebuyer, purchasing a primary residence
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Meet household income guidelines
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