Highlights of The No Income No Employment Loan
- Primary Residence and Second Homes
- Credit Underwritten Based on LTV, FICO, and Liquidity
- Income Documentation Not Required
- Income Not Stated
- Debt-to-Income (DTI) Not Calculated
- Asset Seasoning 30 Days
- Only first page of a bank statement required for typical portfolio loans
- Loan Amounts Up to $3 Million
- Up to 80% LTV Purchase/Rate & Term
- FICO Beginning at 640
- Reserves from 3 Months
Ideal For
- Self-Employed/Small Business Owner
- Volatile or Irregular Income
- Retired
- Seasonal & Gig Workers
- Real Estate Investors
- Owners & Employees of Cash Businesses
- Newly Self-Employed
- Transitioning from Recent Health, Family,
or Other Life Events - Looking to Tap Trapped Home Equity
- Recent Immigration
- Disqualified Income