Investor-product-image

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.

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This information is provided for the benefit of Mortgage Professionals and not intended for Consumers or the general public.

PROGRAM DETAILS

Income Verification

  • Self-employed: 12 Month CPA / Accountant 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
  • Minimum 660 FICO
  • 5/6 ARM3, 7/6 ARM3, 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
1-888-738-9016

Call us today to learn how our full line of products can change your pipeline forever. Have questions? Simply fill out this form and one of our experienced Account Executives will reach out to you soon.

Call us today to learn how our full line of products can change your pipeline forever. Have questions? Simply fill out this form and one of our experienced Account Executives will reach out to you soon.

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.

April 4, 2022

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

2 Verification of employment

3 Adjustable-rate mortgage