No Ratio, No Income, No Employment, No Reserves Primary/2nd Home Purchase or Refinance is a loan product that allows a borrower to purchase or refinance a residence based off equity. No employment, no income, and no debt to income (DTI) ratio, no credit, and no reserves for qualification purposes. A borrower’s debt-to-income ratio can disqualify a persons ability for conventional financing when the income doesn’t qualify for the lenders DTI ratio percentage. This loan can circumvent these issues.
How to qualify for No Income Loan Primary Purchase or Refinance transaction?
Qualifying for a No Ratio, No Income, No Employment, No Reserves loan in California, Arizona, or Florida is strictly based on equity. 55% or lower loan to value will qualify you for this loan.
No Income Loan Primary Purchase or Refinance Transaction Highlights
- No minimum FICO (no FICO required)
- Primary and Second Homes Only
- No Ratio, No Income, No Employment, No Reserves
- Up to 55% CLTV, Purchase or Refinance
- Up to $1.5M
- 100% gift funds allowed. First Time Home Buyer allowed
- One day out of bankruptcy eligible
- Mortgage lates allowed. Must be <90 days late at time of closing
- U.S. Citizen, Perm Res Alien, Non-Perm Res Alien, Foreign National (2nd home), ITIN borrowers eligible
Who is ideal for a No Ratio Loan?
- Anyone
- Self Employed
- 1099 Contractors
- Cash Based Business Owners
- Influencers, Artists, or Vloggers
Other Amazing Products Adam Lawrence at Valor Lending Group Can Offer:
- Hard Money Loans (20% down rate/term or purchase, 75% cashout, and minimal documentation)
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to 2MM / 15% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
Contact Adam Lawrence today to discuss your unique financing needs and explore the right loan solution for your specific scenario.
858-344-0323
ALAWRENCE@VALORLENDING.COM
Whether you’re purchasing, refinancing, investing, or financing a unique property, let’s find the right loan solution for you.
