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12-Month Bank Statement

Owner-Occupied

Quontic’s Bank Statement Program is a part of our alternative income mortgage offering. As a CDFI, it’s our mission to provide mortgage loan access to people who don’t fit the mold, such as the self-employed. The Bank Statement program allows qualified applicants to qualify for a home loan using bank statements rather than W2’s or tax returns.

Download program flyer

The information on this page is provided for the benefit of mortgage professionals and not intended for consumers or the general public.

2 Hour Scenario Guarantee

Submit your borrower’s scenario between 9 a.m. and 4 p.m. EST
Monday – Friday and we’ll get back to you with options in two hours or less.

Submit a scenario
Submit your borrower’s scenario between 9 a.m. and 4 p.m. EST Monday-Friday and we’ll get back to you with options in two hours or less.
Submit a scenario

Program Details

The Quontic Bank Statement Program is for the self-employed borrower. No tax returns or W2’s required. Borrower can have up to 50% DTI1.

Income verification

  • Personal, business or draft account reflecting consecutive 12 month period
  • CPA, tax preparer, or enrolled agent’s letter confirming
    • Self employment
    • Business inception
    • Percentage of ownership

Asset verification

  • 1 month bank statement
  • 100% gift funds allowed for down payment & closing cost
  • Cash-out may be used towards reserves (70% LTV or less)

Borrower qualification

  • Minimum 660 FICO score (Minimum 680 for FTHBs)
  • Up to 50% DTI1

  • Available in all states except Hawaii and Missouri

Program highlights

  • Purchase & rate/term refinance up to 90% LTV
  • Cash-out refinance up to 80% LTV, Up to $1,000,000 cash-in-hand proceeds
  • 1-4 units, condos, PUDs2
  • Second homes allowed
  • Loan amounts up to $3,000,000
  • 5/6 ARM3, 7/6 ARM3, 15 Or 30 year fixed
  • Interest only option available on all loan terms except 15 year fixed
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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 18, 2023
1 Debt-to-Income
2 See Guidelines for property type and LTV limits
3 ARM stands for Adjustable-Rate Mortgage.