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Texas A6 Cash Out Refinance

As a CDFI, we validate income with a unique approach to qualifying ability to repay. Borrowers shouldn’t be judged based on what they made years ago. No tax returns or W2’s needed.
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This information is provided for the benefit of mortgage professionals and not intended for consumers or the general public.

Zillow 2022 rating: 4.9 of 5 stars
Inc. 5000 Fastest Growing Private Companies 2022
B&T Fast 50 Residential Volume & Number 2022

Program Details

Income verification

  • Self-employed: 12 Month CPA / Accountant prepared P&L
  • Salaried: Quontic VOE1 of current income only
  • No tax returns or W2s required.
  • Up to 50% DTI
  • No 4506 required

Asset verification

  • 1 month bank statement (covering at least 30 days)
  • 100% gifts allowed for closing costs

Program highlights

  • Cash-out refinance up to 80% LTV, cash-out funds
  • 1-4 units, condos, coops, PUDs
  • Primary homes allowed
  • Minimum 660 FICO
  • Loan amounts up to $3,000,000
  • 5/6m ARM3, 7/6m ARM3, 15 or 30 year fixed
  • Interest only option available on all loan terms except 15 year fixed
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Borrowers who love Texas A6

Self-employed

No traditional income verification

Commission-based workers

Inconsistent or difficult to document income

Retirees

No Significant W2 Income

Disclosure:

This information is provided for the benefit of mortgage professionals and not intended for consumers or the general public.

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. ©️ 2024 Quontic Bank. All rights reserved.

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

October 31, 2024
1 VOE stands for Verification of Employment
2 Debt-to-Income

3 Cash-out proceeds may be used and applied towards reserves for loans with LTV of 70% or less and FICO of 720 or greater.

Inc. 5000 is a registered trademark of Mansueto Ventures LLC. B&T is an abbreviation for Banker & Tradesman, which is a copyright of The Warren Group. Zillow is a registered trademark of Zillow, Inc.