No ratio loans and NINA Loans

No Ratio loans and NINA loans do not require income to be stated on the application nor is it verified. The No Ratio loan does not take into consideration your debt-to-income ratios. This type of loan is perfect for someone that has high debt ratios or.

Even though incomes are not disclosed by the homeowner or verified by the lender, the source of income, the homeowner's employment, is still verified.

No Ratio Loans are actually much easier to process for everyone involved in the transaction because there is less paperwork. You have no income documentation/verification along with no asset documentation/verification.

This is also great for investors that have good income but ratios are offset due to "negative rent" on other investment properties.

A no ratio loan typically carries a higher interest rate and a lower maximum loan to value, due to the fact that your income is not a factor in the loan qualification process.

No ratio loans mean higher risk to lenders and investors. This risk is offset by charging a higher interest rate and allowing a lower loan to value limt.

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