CDL PROGRAM
Lite Doc
Investor |
We understand that as a real estate investor some deals are time-sensitive and paperwork can be hard to wrangle. With the Investor Lite Doc, the subject property doesn’t need to be cash flow positive. We offer loan amounts up to 3 million for 1-4 units, condos and PUD’s.
PROGRAM DETAILS
Income Verification
- Self-employed: 12 month borrower prepared P&L
- Salaried: Quontic VOE2 of current income only
- No tax returns or W2s required. Not a bank statement program.
- Subject property does not need positive cash flow
- Up to 50% DTI
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 70% LTV, unlimited cash-out funds
- 1-4 units, condos, PUDs
- Loan Amounts up to $3,000,000
Call Us Today
1-888-738-9016
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.
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 and Number of Financed Investment Properties.
2 Verification of employment
3 Adjustable-rate mortgage