12 Month Bank Statement Loan
Simpler Mortgages
Conventional Loans | Bank Statement Loans | |
---|---|---|
Little To No Income | ||
Maximum debt-to-income ratio | 45% | 50% |
100% Gift Funds Accepted For Down Payments, Closing Costs, Etc. | ||
Loan amounts | Up to $548,250 | Up To $3,000,000* |
Minimum FICO score required | 620 | 660 |
Minimum down payment required | As low as 3% | 10%** |
Adjustable Rate, Fixed Rate and | ||
Home purchase and refinance available, including cash-out refinance | ||
2nd home and multifamily properties allowed |
Information in this chart is applicable to the purchase of a primary residence only.
*A loan up to $3,000,000 requires minimum 30% down payment and minimum FICO score of 740.
**10% Down payment required minimum 700 credit score and has a maximum $1 million loan amount.
Available in all states except Hawaii and Missouri.
Bank Statement Loan Highlights
Borrowers Who Benefit
Borrowers Who Benefit
- Delivery & Ride Share Workers
- Seasonal, Event & Gig Workers
- Real Estate Investors
- Self Employed & Small Business Owners
- Commission-Based Sales Professionals
- Entertainers & Artists
- Retirees
- Freelancers, Contractors & Consultants
- Hospitality, Wellness & Service Industry Professionals
- Young Professionals
Recognized as a top mortgage lender
Quontic’s loan officers may help make the loan process simple and seamless. With mortgage experience across multiple loan programs spanning decades, they are a diverse and multi-lingual team ready to walk you through each step of the mortgage process. And with hundreds of 5 star reviews from our customers, you can trust you’ll get a customized experience that makes your purchase or refinance goals a reality.
Frequently Asked Questions
What is a bank statement loan?
What are the requirements for a bank statement loan?
What are the benefits of a bank statement loan?
How do I get a bank statement loan?
To get a bank statement loan, you will need to begin by requesting to speak with a Quontic mortgage specialist. You will then need to provide your bank statements for review to determine your eligibility for a loan.
Disclaimer:
1All lending products are subject to approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. This does not represent an offer to enter into a loan agreement. Other requirements, restrictions & limitations apply. Information is accurate as of May 31, 2023 & is subject to change without notice.
2The Federal Housing Agency based on single unit as of May 31, 2023