Quontic Bank
31-05 Broadway, 4th floor, Astoria, NY 11106
https://quonticwholesale.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
17,928
Total loans closed with Loan Factory (past 12 months)
14,521
Lender overview
Basic information
Quontic Bank, ISAOA/ATIMA 3105 Broadway Astoria, NY 11106
N/A
Lock policies & Fees
Lock Policies
N/A
N/A
Lender's niche & Overlays
LITE DOC
Since we are CDFI certified, we do not have to collect the traditional income docs. (no W-2’s, paystubs or tax returns) we only ask one question: total gross income including all source.
income calculation for most recent year.
Allows the advantage of limited documentation to a sector of underserved borrowers who do not meet traditional eligibility requirements.
exp. cash tips, bonuses, over-time, royalties, commission, any and all forms of income source.
LITE DOC OOC/2ND HOME
LTVs > 75% are Limited to 1-Unit Properties (SFH, PUD, Condo, Coop)
• Second Homes: 2-4 Unit Properties are Ineligible.
• Non-Warrantable Projects: o Purchase & Rate/Term: Max 75% LTV o Cash-Out: Max 70% LTV
• ITIN Borrowers Overlays: o Max Loan Amount: $1,000,000 o LTVs > 75% Require Minimum 680 FICO o Cash-Out: Max 75% LTV o No Coops
Lender turn time
2
2
1
Review - Quontic Bank
0
0 reviews
5
4
3
2
1
Stars
Sort by
