DealDesk: Focus on Quontic Bank's Lite Doc Program

REC. Aug 02, 2023

At Quontic Wholesale, their bank's CDFI status allows them to validate income with a unique approach to qualifying the ability to repay. Their owner-occupied and investor Lite Doc programs offer versatility and flexibility, plus unique features that can help you get more of your home purchase or refinance borrowers qualified:

  • No tax returns or W2s are needed
  • 100% gift funds accepted for down payment and closing costs
  • 1 year of employment income allowed
  • Loan amounts up to $3,000,000
  • Up to 80% LTV and up to 50% DTI
  • Cash-out proceeds may be used toward reserves
  • First-time home buyers allowed
  • 1-4 units, condos, coops, PUDs, and includes second homes
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Deal Desk