No Income Loans

It is important to remember that today's no income loans are much different than the NINJA loans from the "Pre-Recession" era of mortgage lending. Today as a mortgage advisor we are required to show a potential borrower's ability to repay the mortgage whether it is through the traditional W-2/tax method or with other Non-Conforming methods including the "No Income Loan".

There are two main different types of "No Income Loans". The first is for Primary (owner occupied) or Second Home residences, I will be discussing this loan type below. The other would be a DSCR Loan which is for Investment Properties, you can learn more about this loan type here.

1. Verify LTV (Loan To Value)
2. Verify FICO (Credit Score)
3. Verify Reserves (Assets)

• Income Documentation NOT REQUIRED
• Income NOT STATED
• DTI (Debt To Income Ratio) NOT CALCULATED
• Credit Underwritten based on LTV, FICO and liquidity
• Primary Residence & Second Homes Only
• Assets Seasoned 30 Days

No Income loans are ideal for those with plenty of liquid assets but a limited income history. This includes those that are retired, gig workers and business owners. Call now to discuss any questions you may have. 

Product availability varies by state. Call now to find out the availability in your area. Serving Las Vegas, Los Angeles, Orange County and more...