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.
The information on this page is provided for the benefit of mortgage professionals and not intended for consumers or the general public.
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.
Program Details
Income verification
- Self-employed: 12 month PTIN or Accountant prepared P&L
- Salaried: Quontic VOE1 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 and closing costs
- Cash-out proceeds may be used towards reserves
Program highlights
- Purchase & rate/term refinance up to 80% LTV
- Cash-out refinance up to 75% LTV, $1,500,000 cash-out funds
- 1-4 units, condos, PUDs
- Loan amounts up to $3,000,000
- Minimum 660 FICO
- 5/6 ARM2, 7/6 ARM2, 15 or 30 year fixed
- Subject properties located in the following States are limited to ARM products ONLY: AK, DC, IL*, KS, MI, NJ*, NM, RI, PA
- Interest only option available on all loan terms except 15 year fixed.
- Corporations and LLCs accepted
- First time home buyers eligible
* Fixed rate option available for IL & NJ for loans that are closed and vested in name of corp or LLC
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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. ©️ 2024 Quontic Bank. All rights reserved.
Information is accurate as of the date listed below and may change without notice.
1 Verification of Employment