Mortgage Loans For Today's Dynamic Borrower
The information on this page is provided for the benefit of mortgage
professionals and not intended for consumers or the general public.
HELOAN
Lite Doc
- CLTVs up to 80% LTV
- 1-4 units, condos, PUDs
- Loan amounts up to $500,000 (minimum $100,000; $200,000 for Texas)
- 15 or 30 year fixed
- Owner-Occupied, Second Home, & Investment Properties
- Limited Title Policy Option Available
- No Appraisal Option (not applicable for HPML)
Lite Doc
Owner-occupied
Asset Utilization
Owner-occupied
ITIN
Owner-occupied
- Individual Tax Identification Number (ITIN) accepted
- Self-employed: 12-month CPA/accountant prepared P&L
- Salaried: Quontic VOE with current income ONLY
- No tax returns or W2s required
- Up to 80% LTV; up to 50% DTI1
- 100% gifts allowed for down payment and closing costs
- 1-4 Units, condos, and PUDs. Primary residence only.2
Lite Doc
Investor
- Self-employed: 12-month CPA/accountant prepared P&L
- Salaried: Quontic VOE with current income ONLY
- No tax returns or W2s required
- Subject property doesn’t need positive cash flow
- Up to 75% LTV; up to 50% DTI1
- 100% gifts allowed for down payment and closing costs
- 1-4 units, condos and PUDs
Asset Utilization
Investor
DSCR
Investor
- Qualify using subject property income ONLY
- Minimum 1.10x or higher DSCR
- No DTI1 or global calculated
- No tax returns or W2s required
- No statement of employment or income required
- 1-4 units, condos, and PUDs
Foreign National
Investor
-
Qualify with DSCR:
- Minimum 1.10x DSCR.
- No statement of employment or income required
- No credit or reference letters required
- Purchase & rate/term refinance up to 75% LTV
- 100% gifts allowed for down payment and closing costs
- 1-4 units, condos, and PUDs
HELOAN
Lite Doc
- CLTVs up to 80% LTV
- 1-4 units, condos, PUDs
- Loan amounts up to $500,000 (minimum $100,000; $200,000 for Texas)
- 15 or 30 year fixed
- Owner-Occupied, Second Home, & Investment Properties
- Limited Title Policy Option Available
- No Appraisal Option (not applicable for HPML)
ITIN
Investor
- Individual Tax Identification Number (ITIN) accepted
- Self-employed: 12-month PTIN or Accountant prepared P&L
- Salaried: Quontic VOE with current income ONLY
- No tax returns or W2s required
- Up to 75% LTV; up to 50% DTI1
- 100% gifts allowed for down payment and closing costs
- Subject property does not need positive cash flow
- Cannot own more than 5 properties
The benefits of working with
Quontic Wholesale
Fast scenario reviews
We’re committed to helping you find solutions for your clients… fast. Send us 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
Fast closings
Access to unique loans
As a U.S. Treasury designated Community Development Financial Institution (CDFI), Quontic provides access to home financing for those who may require down payment assistance and alternative income documentation to qualify.
Not sure if you are already an approved broker?
Call us at 1-888-738-9016 or email [email protected] to find out.
Disclosure:
This information is provided for the benefit of mortgage professionals and not intended for consumers or the general public.
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.
2 See guidelines for property type and LTV limits