LOANS WITHOUT INCOME OR EMPLOYMENT VERIFICATIONIt doesn't get more groundbreaking than this. Under this program, your debt-to-income ratio won't be calculated. And you don't even have to state your income or verify your employment. CURIOUS TO LEARN MORE? CALL +1 321-239-2781
SERIOUSLY. NO DTI CALCULATED. AND NO VERIFICATION OF YOUR INCOME OR YOUR EMPLOYMENT IS REQUIRED.
This could be the key to purchasing or refinancing your primary residence or second home.
Perfect if you have a high debt-to-income ratio (DTI). Under this program, there are no DTI requirements. Hence, why this program is also referred to as the “No Ratio” program.
Perfect if you have a hard time showing income. You don’t have to state your income.
**NEW FEATURE ALERT**: Beginning in March 2021, this program added a new feature. Not only is there no requirement to state your income, but now, you also don’t even have to verify your employment. (Previously, under this program, the lender had required a written verification of your employment from your employer, or a CPA letter if self-employed. Those requirements no longer exist.)
Perfect if you have good credit history. Like all things in life, there are tradeoffs. To take advantage of this program, you need above-average credit history (minimum 680 FICO). And, while the maximum loan-to-values are somewhat conservative (75% LTV for purchases and rate-and-term refinances; 65% LTV for cash-out refinances), gift funds are allowed for any down payment, closing costs, and reserves.
Want to take advantage of this exciting program?
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