Investor-dsrc-product
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CDL PROGRAM

Investor
DSCR (No Ratio)

A breakthrough in borrower qualification. State your employment and demonstrate ability to repay through good credit history and a low LTV. As a CDFI, we serve the underbanked and look beyond the basics of a borrower.

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PROGRAM DETAILS

Income Verification

  • Qualify using subject property income ONLY
  • Minimum 1.00x DSCR
  • No DTI3 or global calculated
  • No tax returns or W2s required. Not a bank statement program.
  • No statement of employment or income required

Asset Verification

  • 1 Month bank statement (covering at least 30 days)
  • 100% Gifts allowed for down payment, closing costs, reserves1
  • Cash-out proceeds may be used towards reserves

Other Program Highlights

  • Purchase & rate/term refinance up to 70% LTV
  • Cash-out refinance up to 60% LTV, unlimited cash-out funds
  • 1-4 units, condos, PUDs
  • Loan amounts up to $1,500,000
  • Minimum 700 FICO
  • 5/1 ARM2, 7/1 ARM2, 15 or 30 year fixed
  • Interest only option available on all loan terms except 15 year fixed.
  • Corporations and LLCs accepted
  • First time home buyers eligible
Download Program Flyer

Call Us Today
1-866-294-2301

Call us to learn how our full line of products….Or fill out the form if you have questions about how our full line of mortgage loan products can help your clients secure home financing.

Call us to learn how our full line of products….Or fill out the form if you have questions about how our full line of mortgage loan products can help your clients secure home financing.

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. © 2020 Quontic Bank. All rights reserved.

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

September 15, 2020

1 Reserve Requirements Subject to Loan Amount and Number of Financed Investment Properties.

2 Adjustable-rate mortgage

3 Debt-To-Income