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