Mortgage Rates are Down!
No Income/No Ratio Loan
A No Income/No Ratio Loan is a mortgage option that does not require traditional income verification or debt-to-income (DTI) calculations. Instead, lenders evaluate the borrower’s assets, savings, or home equity to determine loan eligibility. This loan is ideal for high-net-worth individuals, retirees, and self-employed borrowers who have significant financial reserves but may not show consistent taxable income. With flexible qualification requirements and no need for extensive income documentation, this program offers a streamlined path to home financing. If you have strong assets and need a mortgage without income verification, a No Income/No Ratio Loan could be the perfect solution.
A Reliable Home Loan You Can Trust.
No Income Verification Needed
Eliminates the need to provide pay stubs, tax returns, or bank statements.
Flexible for Unique Financial Situations
Perfect for borrowers with unconventional income or significant assets.
Ideal for Primary and Second Home Properties
Attractive to buyers who prioritize property value, assets and credit over income documentation.
Streamlined Approval Process
Simplified application without DTI ratio calculations.
Loan Guidelines
If your details are near these guidelines, we encourage you to apply or reach out. Even if you don’t qualify for a 30-year fixed-rate mortgage, we may have other options available.
The Home
Purchase a new home or refinance your current mortgage.
Credit Profile
A credit score above 620 is typically required.
Debt-to-Income
Your debt-to-income ratio (DTI) should be under 50%.
Closing Costs
Along with your down payment, you’ll need sufficient funds to cover closing costs.
Explore Your Potential
Our calculators help you understand and visualize your options
Mortgage Calculator
Planning to buy a home? Calculate your estimated monthly payments, including taxes and insurance.
Refinance Calculator
Considering refinancing your mortgage? Find out how much you could save.
Frequently Asked Questions
Have questions? We’ve got answers! Explore our FAQ section to find helpful information about loans, refinancing, and more. If you don’t see what you’re looking for, feel free to contact us—we’re here to help!
Who are No Income/No Ratio Loans best for?
No Income/No Ratio Loans are best for borrowers with significant assets or strong credit who want to avoid disclosing income details or debt-to-income (DTI) ratios, such as real estate investors or retirees.
How do No Income/No Ratio Loans work?
These loans do not require traditional income verification or a DTI ratio calculation. Instead, lenders focus on the borrower’s creditworthiness, assets, and the value of the property being financed. They are often used for specific circumstances like primary homes, second homes or unique financial situations.
What are the pros and cons of a No Income/No Ratio Loan?
Pros:
- No need to disclose or verify income or DTI ratios.
- Streamlined application process for eligible borrowers.
- Ideal for borrowers with strong assets or credit but unconventional income.
Cons:
- Higher interest rates compared to traditional loans.
- Often requires a larger down payment or higher property equity.
- Limited availability with fewer lenders offering these products.
Can I qualify for a No Income/No Ratio Loan with less-than-perfect credit?
Good credit is typically essential, as lenders rely heavily on creditworthiness in the absence of income or DTI verification.