Introducing Quontic’s Bank Statement and Asset Depletion Programs!

  • 24 or 12 month bank statement options available
  • P&L product available
  • Asset Depletion

QB SERIES 1

12 & 24 Month Bank Statement

  • Personal statements – 100% of business-related deposits (must be 25% owner)
  • Business Statements – Borrowers must have a minimum of 50% ownership in business.
QB SERIES 1

Asset Depletion Program

  • Personal Accounts – 100%
  • Stocks & Bonds- 70% of remaining value
  • Retirement Assets may only be used if borrower is retirement age (at least 59 ½ )
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
LITE DOC

Owner Occupied

  • Self-Employed: 12-Month Borrower Prepared P&L
  • Salaried: Quontic VOE2 of Current Income Only
  • Up To 80% LTV; Debt-to-Income to 50%, PITI3 reduction for 2-4 units.
  • 100% Gifts Acceptable
  • This is NOT a Bank Statement Program
No Ratio (DSCR)

Investor Owned

  • No Tax Returns or W2s
  • No Income Stated or DTI1 Calculated
  • No Debt-Income Calculation or Limit
  • Qualify Using Subject Property Income Only
  • Minimum 1.00 DSCR
  • 1-4 Units, Condos & Mixed Use
Lite Doc

Investor Owned

  • Self-Employed: 12 month Borrower Prepared P&L
  • Salaried: Quontic VOE2 of Current Income Only
  • No Tax Returns or W2s
  • Subject Property Doesn’t Need Positive Cash Flow
  • Up To 75% LTV; Debt-to-Income to 50%, PITI3 reduction for 2-4 units.
  • 1-4 Units, Condos & Mixed Use
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

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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.

May 11, 2020

1 Debt-To-Income

2 Verification of employment

3 Principal, interest, taxes & insurance

4 Automated valuation model