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Meet the little bank that’s helping immigrants achieve big American Dreams

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The Astoria neighborhood of Queens, New York, where Quontic Bank has its headquarters.

(Editor’s note: This article was originally published in March 2018. It was a recent award recipient in the National Association of Real Estate Editors annual competition.)

Wendy and David Alphonso had an all-too-familiar experience when they decided to become homeowners: The longtime Brooklyn residents couldn’t afford to buy in their own community.

And the Alphonsos weren’t really sure where to start to get advice on a mortgage. “Everyone just talked about Chase and banks like that,” said Wendy, a New York state auditor. But she contacted a nonprofit that helps first-time buyers become owners, and learned about a local lender called Quontic Bank.

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