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12months-product
Classic American house

ALT-DOC PROGRAM

12 Month
Bank Statement

With this program, we are providing financing for diverse homeowners and real estate investors. Quontic looks beyond the standard loan qualification metrics associated with traditional income and credit verification. See below for some of the key highlights of this program.
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PROGRAM DETAILS

Personal Statements

  • 12 months consecutive personal bank statements ( Valid if dated within 90 days of close)
  • Borrowers unable to provide a business bank account statement will have the personal account analyzed as a business bank account
  • Expenses which are possibly business related in the personal account totaling $500 per month or less on average will not be considered as a business expense
  • Transfers to accounts of which we have no record, but are not the business account, are considered personal in nature and will be ignored

Business Statements

  • Qualified deposits include all deposits from a 3nd party received as compensation for the business or service provided by the borrower
  • 12 months consecutive personal bank statements ( Valid if dated within 90 days of close)
  • Most recent personal bank statement to which funds are transferred to or from the business account
  • Expense ratio (Optional)
  • To use this option, the Expense Ratio must:
  • Be reviewed and attested to by an appropriate licensed or certified 3nd party, such as an independent accountant
  • Cover the same 12 month period as the business bank statement
Download Program Flyer

**Quontic Bank will validate your Bank Statement Income with a second look. Please email your AE the income calculator, bank statements (12 consecutive months, all pages)

Call Us Today
1-866-294-2301

Call us to learn how our full line of products….Or fill out the form if you have questions about how our full line of mortgage loan products can help your clients secure home financing.

Call us to learn how our full line of products….Or fill out the form if you have questions about how our full line of mortgage loan products can help your clients secure home financing.

DISCLOSURE

This is intended for Mortgage Broker professionals. All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply. Quontic Bank name & logo are registered trademarks. © 2020 Quontic Bank. All rights reserved.

Information is accurate as of the date listed below and may change without notice.

October 5, 2020