QNB Housing Opportunity Program
QNB's mortgage & home improvement program for individuals with low-to-moderate income*
QNB is here to help
Our Housing Opportunity Program is designed to help low-to-moderate income individuals with flexible financing options to purchase or repair a home. Different from other conventional loans, the program offers more lenient credit and income guidelines, plus no down payment and no origination fee on home purchases and no closing costs on home equity loans.
Request a Call
Our loan officers are experts in helping individuals get the funds they need to buy or renovate a home. To get started, request a callback using the button below.
Household Eligibility
- Household income must be 80% or less of the area median income*
- Credit score of 600 or greater
- Debt-to-income ratio of 48% maximum
- The property must be borrower's primary residence
- Consumer credit counseling may be required through an approved agency
Mortgage Program Features
- No origination fee
- No down payment required
- 100% financing based on appraised value or purchase price, whichever is less
- 30-year fixed1Â or 30-year adjustable-rate2Â mortgage terms
- Maximum loan amount of $350,000
- QNB interest rates available upon request
- Escrow of taxes and insurance
- Two months mortgage payments in reserve savings
- Closing costs may come from your savings or documented gifted or grant funds
Home Equity Loan Program Features
- No closing costs
- Borrow up to 85% of your home's equity
- 3 to 10 year fixed rate terms3
- Minimum loan amount of $5,000
- Maximum loan amount of $25,000
- Receive a 0.25% discount on posted home equity term loan rates
- Loan proceeds must be used for home renovations or repairs
Getting Started
Our loan officers are here to help homebuyers and homeowners. To learn more, contact us today!
Brian Adzema
AVP/Mortgage Loan Officer
Team Member since 2016
NMLS #1224755
Denise Landis
AVP/Retail Loan Officer
Team Member since 1982
NMLS #801277
Maria Friendshuh
AVP/Mortgage Loan Officer
Team Member since 2022
NMLS #481432
*Bucks and Montgomery County low-to-moderate annual income threshold is $91,760. Lehigh and Northampton County threshold is $78,640. Median income source: HUD Median Family Income Documentation System information is available at https://www.huduser.gov. Program not affiliated with any of the government/state agencies.
- 30-year fixed interest rate: The monthly payment per $100,000 borrowed at an interest rate of 6.750%, Annual Percentage Rate (APR) of 6.862% for 360 months would be $648.60. Payment example does not include taxes and insurance, total payments will be higher. APR is fixed and will not change for the life of the loan. No balloon payments required.
- 30-year adjustable-rate mortgage (ARM) loans are variable rate loans with an initial fixed-rate period for the first 5, 7, or 10 years. Rates and payments may increase during the life of the loan. For example: For a $100,000 loan amount with a 30-year term at an interest rate of 6.250%, APR of 6.462%, would result in an initial estimated monthly payment of $615.72 for the first 10 years, and for years 11-30 monthly payments would be $621.87 (based on the current Index plus Margin). After the 10-year initial period, the variable interest rate and payment will adjust every year and equal the total of the current CMT 1-Year Treasury index (4.17% as of January 9, 2025) plus a margin of 2.25%; rounded to the nearest 0.125%. The maximum periodic change in the interest rate is 2.00% with a maximum rate increase of 5.00% above the initial interest rate. Payment example does not include taxes and insurance, total payments will be higher.
- Payment Example: The monthly payment per $10,000 borrowed at an interest rate of 6.250%, Annual Percentage Rate (APR) of 6.250%, for 60 months would be $194.49. Payment example does not include taxes and insurance, total payments will be higher.
Mortgage satisfaction fee applies at loan payoff. Property insurance is, and flood insurance may be, required. This program may be discontinued at QNB’s discretion. All loans are subject to credit approval.
QNB NMLS #781724
