Texas A6 Cash Out Refinance
As a community focused bank, 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.
This information is provided for the benefit of mortgage professionals and not intended for consumers or the general public.
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
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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.
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.