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

QB SERIES 2

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.

QB SERIES 2

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.

QB SERIES 2

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 2, 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