Quontic Bank

Mortgagee Clause: For all other products Quontic Bank Its Successors and/or Assigns PO Box 961254 Fort Worth, TX 76161 For all HELOAN products: Quontic Bank a Federal Savings Bank, ISAOA PO Box 461470 San Antonio, TX 78246

Quontic Bank ISAOA/ATIMA One Rockefeller Plaza 9th Floor New York, NY 10020

Effective 02/01/2024, for all DTI-qualified loans, Rate Lock may now be requested as early as of time of application (previously once loan was issued a Conditional Approval). For DSCR-qualified loans, Collateral Review must be cleared prior to the Rate Lock Request.

Initial Lock Period is 30 days. Rate lock extensions are available for up to 15 days. The rate lock extension request must be made prior to the current lock expiration date. Extension fees as follows:

5 Days - 0.125
10 Days - 0.250
15 Days - 0.375


Please note all rate locks are subject to (but not limited to) satisfactory appraisal, project warrantability/eligibility (if applicable), and final underwriting. If loan terms change after the loan has already been locked, the loan will be subject to repricing and relock.

Any loans where the lock has expired will be subject to worst-case pricing, meaning:

If pricing is worse today, the loan will be re-locked according to today’s rate sheets for 15 days (new lock).
If pricing is better today, the loan will be extended at the prior rate for an additional 15 days at no charge.
If borrower/broker wishes to relock their loan under the new rates, they may only do so 15 days after latest lock date has expired (i.e., “going back to market”).

Please note all rate locks are subject to (but not limited to) satisfactory appraisal, project warrantability/eligibility (if applicable), and final underwriting. If loan terms change after the loan has already been locked, the loan will be subject to repricing and relock.