No Ratio Loan

Very easy loan for buyer, simply need credit and funds for closing with reserves.

  • Loan Amount from $100,000 to $2M.

  • Minimum 20% Down Payment with 720+ Credit.

  • Minimum Credit 660 with 35% Down Payment.

  • Credit & Reserves Required:

    • 720+, as little as 20% Down Payment, 12-months Reserves

    • 680-719, 25% Down Payment, 9-months Reserves

    • 660-679, 35% Down Payment, 9-months Reserves

    • Over 1.5M, ratios change.

  • Purchase, Rate & Term, Cash Out Refi.

  • Home: Primary or Second Home only.

  • Types: Fixed Rate , FRM 7/6 and 10/6 ARM.

  • Property: SFR, PUD, Townhome, Condominium (Condos in Florida require a Full Condo Review), 2-4 Unit, Modular, Rural, Mixed Use and Log Homes.

  • No more than 10 Acres.

  • Seller Concession: 6% Maximum.

  • Gift Funds allowed.

  • Required Tradelines: Two (2) reporting for 12+ months or one (1) tradeline reporting for 24+ months, all with activity in the last 90 days.

  • Counseling required.