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
Investor - Lite Doc
- 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 70% LTV; up to 50% DTI
- 100% Gifts allowed
- 1-4 Units, condos
CDL PROGRAM
Investor - DSCR (No Ratio)
- 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
Investor - DSCR (No Ratio)
- 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
Owner Occupied - Lite Doc
- 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
Owner Occupied - No Ratio
- 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
Owner Occupied - No Ratio
- 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
ALT-DOC PROGRAM
Asset Programs
- Asset depletion – DTI is calculated: Designed to supplement documented income which may be inadequate to qualify
- Asset Ready – No DTI: Designed for the high net worth borrower. Qualify with assets rather than income!
ALT-DOC PROGRAM
Profit & Loss Program
- Designed to offer an alternative to the bank statement program
- Profit and Loss covering previous 12 months - Valid if dated within 90 days of close: Reviewed by appropriate third party, such as an independent accountant
- Proof third party reviewer is licensed or certified.
- Evidence business has been in operation for 12 months or greater
ALT-DOC PROGRAM
Profit & Loss Program
- Designed to offer an alternative to the bank statement program
- Profit and Loss covering previous 12 months - Valid if dated within 90 days of close: Reviewed by appropriate third party, such as an independent accountant
- Proof third party reviewer is licensed or certified
- Evidence business has been in operation for 12 months or greater
ALT-DOC PROGRAM
12 Month Bank Statement
- Personal and/or business bank statements may be used
- Borrower must be self-employed for a minimum of 12 months
- Borrowers who receive a W2 as well as cash from tips, or other supplemental income, which are not documented on the W2 may be qualified using this program
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