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 JPM, -0.82% 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.
