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No Ratio Loan FAQs     

Frequently Asked Questions

Do I need a job to get this loan?

No. This is a "No Employment Verification" loan. While we ensure you have the financial means to handle the loan via your assets and credit, we do not call an employer or check paystubs.

Is this the same as a DSCR loan?

No. A DSCR loan is for investment properties and uses the property's rent to qualify. The No Ratio Loan is for the home you live in (Primary) or your vacation home (Second Home). It qualifies you based on your credit and assets, not the home's rent.

What are "Reserves"?

Reserves are liquid funds (savings, stocks, 401k) that remain in your account after the loan closes. Most No Ratio programs require 6 to 12 months of mortgage payments held in reserve to ensure stability.

Can I close in an LLC?

While many of our investor products allow LLC closings, No Ratio loans for primary residences are typically closed in your personal name to comply with consumer protection laws.