DealDesk: Focus on Quontic Bank's Lite Doc Program

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