No Ratio | Self Employed Loan
Are you a borrower that has larger than normal amount of debt?
Are you self employed or in a field that it is hard to document your monthly or yearly income (write everything off each year, like the rest of us)?
Our No Ratio Loans allow self employed or commissioned based borrowers to qualify based on strictly your credit history.
No Ratio loans are best for investors, business owners, or commission based who are not able to disclose certain income to qualify their debt to income ratio. This program offers No DTI ratio ever! No Tax Returns, W2, or Pay Stubs!
No Ratio | Self Employed Loan Highlights:
- Verification of income or employment is NOT required!
- Up to 75% LTV (on Purchases & R/T Refinances)
- Cash-out refinance up to 65% LTV, unlimited cash-out funds
- 1-4 Units, condos, coops, PUDs
- Minimum 680 FICO
- ARM’s, 15 or 30 year fixed
- Interest only option available(except 15 year fixed)
- Cash-out proceeds may be used towards reserves
What you would need for submission
- 1 Month Bank Statement (business or personal)
- Copy of Business License (3 years)
- CPA Letter (stating you are 100% owner, you have been in business for 2 years and they have done your taxes for two years | Also list your current expense ratio and the CPA License Number)
- Purchase Contract (for purchase)
- Current Mortgage Statement (for refinance)
- Hazard Insurance Dec Page or New Quote for purchase
- Driver License (front and back)
Valor is FUNDING NO Ratio Loans for California residential properties. Most lenders have suspended their Non QM Loan Programs. Because of this Valor is slammed. We are Non QM Specialists! No tax returns!
Call me now for immediate attention to your scenario.
Check out more information on our programs below and send me all your scenarios!
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