Reintroducing Quontic's CDL Line!

Bank Statement and Asset Depletion Programs!

Owner Occupied Lite Doc
Investor Lite Doc
Investor DSCR

CDL

Owner Occupied - Lite Doc

Self-Employed: 12-Month Borrower Prepared P&L
Salaried: Quontic VOE with Current Income ONLY
No Tax Returns or W2s required. Not a Bank Statement Program.
Up to 75% LTV; Up to 50% DTI
100% Gifts Allowed
1-4 Units, Condos, Coops. Includes Second Homes⁵

CDL

Investor - Lite Doc

Self-Employed: 12-Month Borrower-Prepared P&L
Salaried: Quontic VOE with Current Income ONLY
No Tax Returns or W2s required. Not a Bank Statement Program.
Subject Property Doesn’t Need Positive Cash Flow
Up to 70% LTV; Up to 50% DTI
100% Gifts Allowed
1-4 Units, Condos

CDL

Investor - DSCR (No Ratio)

Qualify Using Subject Property Income ONLY
Minimum 1.00x DSCR
No DTI or Global Calculated
No Tax Returns or W2s required. Not a Bank Statement Program.
No Statement of Employment or Income required
100% Gifts Allowed
1-4 Units & Condos

ALT-Doc

12 Month Bank Statement

Personal and/or business bank statements may be used.
Borrower must be self-employed for a minimum of 12 months.
Borrowers who receive a W2 as well as cash from tips, or other supplemental income, which are not documented on the W2 may be qualified using this program.

ALT-DOC

Profit & Loss Program

Designed to offer an alternative to the bank statement program.
Profit and Loss covering previous 12 months
Valid if dated within 90 days of close.
- Reviewed by appropriate third party, such as an independent accountant.
Proof third party reviewer is licensed or certified.
Evidence business has been in operation for 12 months or greater.

ALT-DOC

Asset Programs

Asset Depletion – DTI is calculated
- Designed to supplement documented income which may be inadequate to qualify.
Asset Ready – No DTI
- Designed for the high net worth borrower. Qualify with assets rather than income!

Streamline refinance

Owner Occupied

True No Doc Loan
No statement of employment or income required
Max LTV: 80% with 700 FICO (1-2 family homes only)
Loans ≤ $400,000: AVM⁴ and property inspection only
18 month 0x30 payment history on subject mortgage

Streamline Refinance

Investor

True No Doc Loan
No statement of employment or income required
Max LTV: 75% with 700 FICO
Loans ≤ $400,000: AVM⁴ and property inspection only
18 month 0x30 payment history on subject mortgage

NO RATIO

Owner Occupied

No Tax Returns Or W2s
No Statement of Income, Employment or DTI¹ Calculated
100% Gifts Acceptable
Up to 70% LTV
This is NOT a Bank Statement Program

Home loans for non-U.S.citizens

Foreign National

No U.S. credit required
Non-Warrantable Condos
55% to $3,000,000
1-4 unit, condo & co-op
Available in all 50 United States

Become an Approved Broker

Fill out the form below to get the process started.

Disclosure:
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. © 2020 Quontic Bank. All rights reserved.

Information is accurate as of the date listed below and may change without notice.

July 25, 2020

¹ Debt-To-Income

² Verification of employment

³ Principal, interest, taxes & insurance

⁴ Automated valuation model

⁵ See Guidelines for property type and LTV limits