No Ratio Mortgage Program

No Ratio is a mortgage program that does not calculate any rental income that the property is producing. The property can be vacant with no rental income, and We can still offer the No Ratio mortgage program. There will be no rental income ratios to calculate. This is an ideal program for properties that are vacant or have little rental income to qualify for the DSCR loan, which requires a debt coverage ratio.

• No Income = No Ratio
• Max Loan Amount $5MM
• 1-4 Family Properties And Condos Permitted
• 80% LTV For Purchase
• 65% LTV For Rate/Term
• 60% LTV Cash Out
• Minimum 660 FICO
• Investment Properties Only
• Gift Funds Allowed For Down Payment
• No Limit On Financed Properties
• No Minimum Tradelines With 3 FICO Scores (All 3 Bureaus)

The No Ratio mortgage program is a great alternative program to the DSCR loan program, which does not require any ratios to qualify. We offer this program for purchase, refinances, and home equity loans. Contact us to speak with a loan expert who can give you qualifying loan options.