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DSCR

Investor

A breakthrough in borrower qualification. Demonstrate ability to repay with a DSCR of 1.10x or higher, good credit history, and a significant down payment. As a CDFI, we serve the underbanked and look beyond the basics of a borrower.

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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 1.10x or higher 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
  • 100% Gift funds allowed for down payment and closing costs

Program highlights

  • Purchase & rate/term refinance up to 75% LTV
  • Cash-out refinance max $500,000 cash in hand
  • 1-4 units, condos and PUDS
  • Loan amounts up to $2M
  • Minimum 680 FICO
  • 5/6 ARM3, 7/6 ARM3, 15 or 30 year fixed
  • Subject properties located in the following States4 are limited to ARM3 products ONLY: AK, DC, IL*, KS, MI, NJ*, NM, RI, PA
  • Qualify with interest only payment
  • Corporations and LLCs accepted
  • First time homebuyers eligible

* Fixed rate option available for IL & NJ for loans that are closed in name of Corp or LLC

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States That Require A License To Close A DSCR Loan

*Restrictions may apply, please contact your Account Executive for more info

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.

October 1, 2024

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