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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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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

Income verification

  • Self-employed: 12 Month CPA / 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 75% LTV
  • Cash-out refinance up to 70% LTV, $500,00 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
Start an application

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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. © 2020 Quontic Bank. All rights reserved. 

Information is accurate as of the date listed below and may change without notice.

March 28, 2023

1 Verification of Employment

2 Adjustable-Rate Mortgage