CDL PROGRAM
DSCR (No Ratio)
Investor |
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.
Not a broker? sign up now >
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.
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 75% LTV
- Cash-out refinance up to 65% LTV, unlimited cash-out funds
- 1-4 units, condos, PUDs
- Loan amounts up to $3,000,000
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.
1 Reserve Requirements Subject to Loan Amount.
2 Adjustable-rate mortgage
3 Debt-To-Income