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DSCR

Mixed-Use & Multi-Family

Crafted for investors seeking a seamless way to finance mixed-use properties. This program offers flexible terms, eliminates the need for personal income documentation, and prioritizes property cash flow. It’s an efficient, hassle-free solution to help investors capitalize on opportunities in the growing mixed-use property market.
Download program flyer
View guidelines

The information on this page is provided for the benefit of mortgage professionals and not intended for consumers or the general public.

2 Hour Scenario Guarantee

Submit your borrower’s scenario between 9 a.m. and 4 p.m. EST
Monday – Friday and we’ll get back to you with options in two hours or less.

Submit a scenario
Submit your borrower’s scenario between 9 a.m. and 4 p.m. EST Monday-Friday and we’ll get back to you with options in two hours or less.
Submit a scenario

Program Details

Qualification

  • Qualify using subject property income ONLY
  • Minimum 1.00x DSCR
  • No DTI1 or global calculated
  • No tax returns or W2s required. Not a bank statement program.
  • No statement/verification of income or employment required

Asset verification

  • 1 month bank statement (covering at least 30 days)
  • Cash-out proceeds may be used towards reserves2
  • Gift Funds:
    • Gifts are permitted provided that the borrower contributes at least 10% of their own funds to the transaction
    • Gifts may NOT be used to meet the reserve requirements. Reserves must come from borrower-sourced funds.

Program highlights

  • Purchase & rate/term refinance up to 75% LTV
  • Cash-out Max Proceeds $1,000,000
  • Residential Multi-Family: 5-10 Units | Mixed-Use: 2-8 Units
  • Loan amounts $250k - $3,000,000
    • Loan amounts under $400k: Reduce LTV by 5%
  • Minimum 660 FICO
  • Flexible title vesting: LLC or Corporation, as long as there's a Natural Person involved
  • State Restrictions:
    • Arm Products ONLY: AK, DC, IL, KS, MD, MI, MN, MS, NH, NJ, NM, RI
    • HI: Lava Zones 1 & 2 Ineligible
    • FL: Exclude Non-Permanent Resident Aliens from China
  • Interest-Only and ARM options available
  • Borrower Eligibility:
    • All borrowers must maintain a primary residence. Evidence of primary occupancy is required.
    • First-Time Homebuyers: Ineligible
    • First-Time Investors:
      • Multifamily 5-10 Units: Eligible with a 0x30x24 housing history or when the primary residence is owned free and clear.
      • Mixed-Use 2-8 Units: Not Eligible. Borrower must have a history of owning and managing commercial or residential real estate for at least 1 year in the last 3 years.

Send us your mixed-use or multi-family loan scenario using the form below.

Not an approved broker? Sign up now

Disclosure:

This is intended for Mortgage Broker professionals. 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. ©️ 2024 Quontic Bank. All rights reserved.

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

January 29, 2025

1 Debt-to-income

2 Reserve requirements subject to loan amount
3 Adjustable-Rate Mortgage
4 Properties located in HI lava zones 1 & 2 are not eligible