Quontic Bank Review 2026: DSCR Loan Terms for Investors

Who Quontic Bank is

Quontic Bank is an online bank with FDIC-insured savings and checking accounts. It also writes mortgages, including a DSCR loan for rental property investors. This Quontic Bank review covers that DSCR loan.

Quontic Bank is based at 31-05 Broadway in Astoria, Queens, New York. The Office of the Comptroller of the Currency (OCC) is its primary federal regulator, and its FDIC certificate number is 57807. FDIC data show $787.0 million in total assets and $693.9 million in deposits at June 30, 2026, down from $852.8 million in assets at March 31, 2026.

Quontic's About page says the bank began as a community bank in 2009 and became a certified Community Development Financial Institution (CDFI) in 2015. FDIC records list an establishment date of March 14, 2005. Co-founder George Lazaridis is CEO and Robert Russell is president. Two holding companies sit above the bank: Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., both in Astoria.

Getting a Quontic DSCR loan: direct or through a broker

You can go to Quontic yourself. The investor page at quontic.com runs a 60-second prequalification form that, per the page, involves no credit check. Quontic's DSCR page also points you to a mortgage specialist and a loan officer directory. Its About page says its loan specialists hold licenses in all 50 states.

Mortgage brokers reach the same product through Quontic Wholesale at quonticwholesale.com, which posts the DSCR program summary and a product guidelines PDF dated July 2026. The wholesale site says it is for mortgage professionals and "not intended for consumers or the general public." The numbers below come from those guidelines because Quontic's retail DSCR page carries an "accurate as of August 15, 2024" date.

Quontic's DSCR Standard and DSCR Plus

Quontic's July 2026 guidelines split the DSCR loan into two tiers for 1-4 unit rentals. They differ in how Quontic calculates the ratio and in what they accept.

Both tiers offer 5/6 and 7/6 ARMs tied to 30-day average SOFR, plus 15- and 30-year fixed loans. ARMs carry a 5.00% margin, a 6% first cap, 2% caps per adjustment and a 6% lifetime cap. The master guidelines list a 30-year fixed with 10 years of interest-only payments, then 20 years of amortization. They also say interest-only may not be open to every program, and the DSCR sections don't mention it, so ask whether it applies to your loan.

Neither tier asks for income documentation or a global cash flow test. DSCR Plus sets its 1.10x minimum on net operating income. It goes down to a 680 score and takes rural properties up to 5 acres.

Rules inside Quontic's DSCR guidelines

• Prepayment penalty. The master guidelines set a 3-year penalty on all investor loans: 3% of the balance in each of years one, two and three. They list no shorter or buy-down option.
• Recourse. Every program requires full personal recourse. Each owner with 25% or more of the borrowing entity signs a personal guarantee.
• Entities. LLCs, partnerships and corporations qualify if their only business is owning and managing real estate, with a maximum of 4 owners.
• First-time buyers. Both tiers accept first-time homebuyers, which Quontic defines as no ownership of U.S. residential property in the past 5 years. On DSCR Standard, the loan must close in an LLC or corporation if anyone on it is a first-time buyer or can't document owning a primary residence.
• Escrow. Quontic requires escrow for taxes and insurance. It allows a waiver only on loans outside the federal higher-priced mortgage loan definition.
• Credit events. DSCR loans need 3 years since a foreclosure, short sale or Chapter 7 bankruptcy, and no late mortgage payments in 12 months.
• Location limits. Investment loans in AK, DC, IL, KS, MI, MN, NJ, NM, PA and RI are ARM-only, with fixed rates open in IL and NJ to loans closed in a C-corp or S-corp. Baltimore City, MD and Hawaii lava zones 1 and 2 are ineligible. On DSCR Standard, Philadelphia loans lose 5 points of LTV.
• Borrowers. U.S. citizens, permanent residents and non-permanent residents with valid work authorization or a visa qualify. ITIN borrowers can't use either DSCR tier.

Short-term rentals don't appear in the DSCR guidelines or on the DSCR page. If your property is an Airbnb or VRBO, ask Quontic how it treats that rent before you order an appraisal.

Quontic's older retail pages list different numbers. The DSCR page, dated August 2024, lists a 680 minimum score, a 1.10x DSCR and 25% down. The investor prequalification chart on quontic.com lists a 660 minimum. Go by the guidelines in effect when you apply.

Mixed-use, 5-10 units and foreign nationals

Quontic runs a separate DSCR loan for mixed-use and multifamily buildings. Its product page lists multifamily properties with 5 to 10 units and mixed-use properties with 2 to 8 units. First-time investors can finance the 5-10 unit buildings with a clean 24-month housing history or a primary home owned free and clear. Mixed-use needs at least one year of owning and managing real estate within the past three years. The page publishes no credit, LTV or loan size for this product, and the wholesale site handles it by scenario request.

Foreign nationals have their own Foreign National DSCR Plus loan. It requires a 1.10x DSCR and allows up to 75% LTV on purchases to $1.5 million and 70% to $2 million. Properties in AK, DC, KS, MI, MN, NM, PA and RI are ineligible for it.

Quontic DSCR rates and costs

Quontic publishes no DSCR rates or fees for consumers. The wholesale site has a broker rates page, and the retail site sends you through prequalification and a loan officer, so you get a quote after you share the property and your credit. Any quote carries the 3-year prepayment penalty from the guidelines, at 3% in each year.

Quontic Bank's regulatory record

Quontic spent several years under formal regulatory orders, all now closed.

• 2018: The OCC entered a formal agreement with the bank. Banking Dive reports the agreement cited unsafe or unsound practices in board oversight and funds management.
• October 5, 2022: The OCC issued a consent order (AA-ENF-2022-25). Banking Dive reports the OCC said the bank had not fixed concerns from the 2018 agreement and that the order required a total capital ratio of at least 13% and a leverage ratio above 9%. Quontic's press release says the order covered governance, risk management, compliance and operational infrastructure.
• July 5, 2023: The Federal Reserve entered a written agreement with Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp.
• June 30, 2026: The OCC terminated the 2022 consent order, per Quontic's July 16, 2026 press release.
• September 2, 2026: The Federal Reserve terminated the 2023 written agreement, per its September 4, 2026 release.

The sources we read describe governance, capital and funds-management issues. None of them mention fair lending or mortgage servicing.

Quontic Bank reviews on other sites

Quontic's review profiles cover the whole bank, deposit accounts included, so they say little about DSCR loans in particular. We read the figures below on Nov. 3, 2026.

• Trustpilot: 4.1 out of 5 from about 690 reviews, per search results showing Quontic's Trustpilot profile. Fortune's November 2025 review of the bank reported 4.0 stars from over 600 Trustpilot reviews, with praise for staff by name and negative reviews focused on denied account applications.
• BBB: A+ grade, not BBB-accredited, with 19 complaints in the past 3 years, according to BestGuide's reading of BBB data in May 2026.

Who Quontic's DSCR loan fits

Quontic's published terms line up with these borrowers:

• An investor buying or refinancing a 1-4 unit rental, condo or PUD between $150,000 and $2 million.
• A first-time homebuyer buying a rental, who on DSCR Standard closes in an LLC or corporation.
• A borrower whose rent covers the full payment at 1.00x and who has a 700 score.
• An owner of a 5-10 unit building or a 2-8 unit mixed-use property, through the separate product.

The program leaves out loans under $150,000, co-ops, ITIN borrowers, Baltimore City properties and non-recourse loans. It sets no published terms for short-term rentals, and its guidelines list no prepayment option shorter than 3 years.

Quontic DSCR loan FAQ

Is Quontic Bank a real bank?

Quontic Bank is an OCC-chartered bank in Astoria, New York, insured by the FDIC (certificate 57807), with $787.0 million in assets at June 30, 2026. Its NMLS ID is 403503.

Does Quontic Bank offer DSCR loans?

Yes. Quontic offers DSCR Standard and DSCR Plus loans on 1-4 unit rentals from $150,000 to $2 million, plus a separate DSCR loan for 5-10 unit and mixed-use buildings.

What credit score does Quontic need for a DSCR loan?

Its July 2026 guidelines set 700 for DSCR Standard. DSCR Plus accepts 680 at up to 70% LTV on a purchase or 65% on a cash-out.

Does Quontic charge a prepayment penalty on DSCR loans?

Yes. Its guidelines set a 3-year penalty on investor loans, at 3% in each of the three years.

Can I get a Quontic DSCR loan through a mortgage broker?

Yes. Brokers submit through Quontic Wholesale. You can also apply direct through quontic.com.