No W2s Required: You don't need to provide your pay stubs, tax returns, or other documentation showing your earnings in order to qualify for this type of loan. In other words, you can get a no ratio loan if you have bad credit, no credit, or any other type of questionable financial history.
What Advantages Does the Format of a No Ratio Loan Offer Over Other Types of Investment Lending?
FIXED RATE TERMS with NO PROPERTY INCOME RATIOS
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3/1 ARM – NO Balloon
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5/1 ARM – NO Balloon
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10/1 ARM - NO Ballonn
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30 year fixed - Fully amortizing
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Interest Only option
EZ Qualifying Process – 3 week closing
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No W2s Required
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No tax returns Necessary
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No 4506s Ever
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620 credit minimum
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Past bankruptcy OK – Greater than 2 years
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Past foreclosure OK – Greater than 2 years
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LTVs up to 70% of the value today
Loan Purposes
These No Ratio income mortgages can be used for:
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Vacation rentals
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Single family properties (1-4 unit)
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New acquisitions
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Cash out refinances
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Multifamily properties
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Apartment buildings
How to Get Your Balance Sheet Ready for Your First Low-Down-Payment Real Estate Investment With No-Ratio Loans:
Start simple, know your market. Meanwhile, clean your personal credit the best you are able, start an LLC, start hunting properties, and then get ready to grow that automated income real estate portfolio you always dreamed of.
How to Apply for Blanket Loans & No Ratio Loans?
Rental Home Financing Investment Loans