Who are No Ratio Loans built for?
For those who are unable to provide extensive earnings documentation
For those whose income history fluctuates unpredictably
Have a strong credit history
Can make a higher down payment (often 20–30%) and show adequate reserves
Why No Ratio Loans Might Be Right for You
What Is a No Ratio Loan?
Not every qualified borrower fits inside a box. For self-employed individuals, retirees, or anyone with complex financials, No Ratio Loans remove the usual roadblocks by focusing on credit, assets, and down payment — not income.
A No Ratio Loan allows you to qualify for a mortgage without verifying income or calculating a debt-to-income (DTI) ratio. Instead of traditional underwriting, your approval is based on your creditworthiness and available assets. These loans are best suited for primary residences or second homes, and offer flexibility for those with unconventional or fluctuating income sources.
Key Features of No Ratio Loans
No employment or income verification required
No DTI calculation
Designed for primary and second homes (not investment properties)
Available for purchases, rate-and-term, and cash-out refinances
Ideal for borrowers with high assets or strong credit
No Ratio Loans in practice
Jane is a senior who is going to move with her sister in the next 2 years. She needs to do some dental work, has a lot of consumer debt and has to get her home ready for sale. She is considering a reverse mortgage because equity and age are the main criteria for that qualification. Income plays no role. The issue is that she cannot get the funds that she needs from a reverse mortgage. There is no way to do a traditional loan as she doesn’t show enough income (she just has social security). Instead, she chose a no ratio (no income) cash out on her primary. She went to 75% of her home value (double what she could get from a reverse mortgage). She was able to pay off her consumer debt, take care of her health, do all the repairs needed to get top dollar on her sale and lastly have enough funds put aside to make mortgage payments for the next 2 years.
Lou has a new job offer in California. He will move from Maryland to California. He puts a non-refundable 75,000-dollar deposit on a new construction home. As the time gets close for the move, he finds out that the offer for employment is no longer available to him. He is completely shocked by this turn of events. He is confident he is going to get another job. He desperately wants to protect his earnest money. He will be able to get financing. The loan type will be a no ratio (no income information) loan. The only requirements: a proper credit score, a proper down payment and reserves. The income section of the loan application is left blank. The home was purchased…on time.
Here’s How to Get Started
- Explore Your Options: Talk with us to see if a No Ratio Loan fits your situation.
- Connect with a Loan Officer: Get guidance tailored to your financial profile.
- Get Preapproved: Begin your journey with clarity and confidence.
Just a Minute Could Unlock Your Options
Answer a few quick questions and see if you might qualify for a No Ratio Loan. No commitment.
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