12 Month Bank Statement Loan

Looking for an alternative income mortgage offering? As a Community Development Financial Institution (CDFI), We may qualify you for a home loan using your last 12 bank statements rather than W2’s or tax returns.
Google rating: 4.5 of 5 stars
Bankrate rating: 5 of 5 stars
Zillow rating: 4.9 of 5 stars

Simpler Mortgages

As a federally chartered digital bank and US Treasury designated Community Development Financial Institution (CDFI), we’re one of only a few mortgage lenders that can accept alternative income documentation from borrowers who have strong credit and the substantial down payment to qualify. We assess the loan applicant’s full financial profile, not just W2s and tax returns.
Bank Statement

Little To No Income
Documentation Required


Maximum debt-to-income ratio


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


Minimum down payment required

As low as 3%

Adjustable Rate, Fixed Rate and
Interest Only Options Available


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

Consecutive 12 month period bank statements required for income verification
1 month bank statement required for proof of reserves and closing costs
Tax Preparer, CPA or enrolled agent income verification for self⁠-⁠employed

Borrowers Who Benefit

Borrowers Who Benefit

Quontic’s non-traditional loan programs benefit a wide variety of individuals who, based on their profession or life stage, don’t meet the documentation requirements to qualify for a traditional mortgage loan, despite having the means to afford one.

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

A bank statement loan is a type of loan that is secured by your bank statements. This means that the lender will review your bank statements to determine your income and expenses. This type of loan is often used by self-employed borrowers or borrowers who have difficulty providing traditional income documentation.
Some common requirements include good credit history, proof of income such as bank statements, and 20% or more down payment.
Some of the benefits of a bank statement loan include flexible lending criteria, quick approval and no collateral needed.

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.


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

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