Mortgage Loans for Today's Dynamic Borrower
As a CDFI, Quontic can offer loans other banks cannot. We don’t require a stack of bank statements or multiple years of self-employment documentation. Instead, we rely on other more objective factors, such as credit score and equity contribution. It’s an easier process, has a higher level of approvals, and is priced within reach, so that everyone has access to an affordable mortgage, even during uncertain fiscal times.
We give difficult loan applications the chance they deserve. Take a look at our non-QM loan products.
CDL PROGRAM
Lite Doc
Owner-Occupied |
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Owner-Occupied |
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- Self-employed: 12-month borrower-prepared P&L
- Salaried: Quontic VOE with current income ONLY
- No tax returns or W2s required. Not a bank statement program
- Up to 75% LTV; up to 50% DTI
- 100% Gifts allowed
- 1-4 Units, condos, coops. Includes second homes2
CDL PROGRAM
No Ratio
Owner-Occupied |
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- No statement of income, no DTI1 calculated
- No tax returns, W2s, or pay stubs required
- Loan amounts up to $2,500,000
- Up to 60% LTV
- 100% Gifts Acceptable
CDL PROGRAM
No Ratio
Owner-Occupied |
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- No statement of income, no DTI1 calculated
- No tax returns, W2s, or pay stubs required
- Loan amounts up to $3,000,000
- Up to 75% LTV
- 100% Gifts acceptable
CDL PROGRAM
Lite Doc
Investor |
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Investor |
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- Self-employed: 12-month borrower-prepared P&L
- Salaried: Quontic VOE with current income ONLY
- No tax returns or W2s required. Not a bank statement program
- Subject property doesn’t need positive cash flow
- Up to 75% LTV; up to 50% DTI
- 100% Gifts allowed
- 1-4 Units, condos
CDL PROGRAM
DSCR (No Ratio)
Investor |
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- Qualify using subject property income ONLY
- Minimum 1.00x DSCR
- No DTI or global calculated
- No tax returns or W2s required. (Not a bank statement program)
- No statement of employment or income required
- 100% Gifts allowed
- 1-4 Units & condos
CDL PROGRAM
DSCR (No Ratio)
Investor |
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- Qualify using subject property income ONLY
- Minimum 1.00x DSCR
- No DTI or global calculated
- No tax returns or W2s required. (Not a bank statement program)
- No statement of employment or income required
- 100% Gifts allowed
- 1-4 Units & condos
CDL Program
Foreign National
- Self-Employed: Letter from CPA/Accountant or Auditor stating last 2 years’ and YTD Income.
- Salaried: Letter from Employer stating current annual compensation.
- No credit or reference letters required
- Subject property doesn’t need positive cash flow
- Up to 70% LTV; up to 50% DTI1
- 100% Gifts allowed
- 1-4 Units, condos
ALT-DOC PROGRAM
Conforming
Owner-Occupied |
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Owner-Occupied |
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- Qualifying using Full-Doc, Profit & Loss, 12-Month Bank Statements, or Asset Depletion
- Up to 85% LTV; up to 55% DTI with Compensating Factors
- Loan Amounts up to $1,000,000
- No Minimum Reserve Requirements for LTVs up to 80%
- 100% Gifts Allowed up to 80% LTV
- Owner-Occupied SFH, Condo/PUD only. Includes second homes2
Near Miss
Owner-Occupied |
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- Qualifying using Full-Doc, Profit & Loss, 12-Month Bank Statements, or Asset Depletion
- Up to 80% LTV; up to 55% DTI with Compensating Factors
- Loan Amounts up to $650,000
- No Minimum Reserve Requirements
- FICOs as low as 640 or True No Scores. No Minimum Tradeline Requirements
- 100% Gifts Allowed
- Owner-Occupied 1-4 Family, Condo/PUD. Includes Second Homes.
ALT-DOC PROGRAM
Near Miss
Owner-Occupied |
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- Qualifying using Full-Doc, Profit & Loss, 12-Month Bank Statements, or Asset Depletion
- Up to 80% LTV; up to 55% DTI with Compensating Factors
- Loan Amounts up to $650,000
- No Minimum Reserve Requirements
- FICOs as low as 640 or True No Scores. No Minimum Tradeline Requirements
- 100% Gifts Allowed
- Owner-Occupied 1-4 Family, Condo/PUD. Includes Second Homes.
ALT-DOC PROGRAM
Near Miss
Investor |
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Investor |
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- Qualifying using Full-Doc, Profit & Loss, 12-Month Bank Statements, or Asset Depletion
- Up to 70% LTV; up to 55% DTI with Compensating Factors
- Loan Amounts up to $650,000
- No Minimum Reserve Requirements
- FICOs as low as 640 or True No Scores. No Minimum Tradeline Requirements
- 100% Gifts Allowed
- Owner-Occupied 1-4 Family, Condo/PUD
Broker Benefits
Broker Benefits
Access to Unique Loans
We know that borrowers aren’t ‘one size fits all’ so our loan solutions are adaptive to people’s circumstances.
A Simple Process
As a CDFI, we evaluate borrowers differently, and that often means less paperwork.
Quick Turn Times
We’ve removed the red tape to make sure we close loans faster than competitors.
Become an Approved Broker.
DISCLOSURE
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 Debt-To-Income
2 See Guidelines for property type and LTV limits