No Income No Asset No Ratio Investor
LENDERLINE® is currently offering no income, no employment, no asset, no ratio loans under the following guidelines:
- Residential properties must be located in the State of California.
- Call for expanded footprint for commercial and multifamily properties.
- Borrower may be an individual, LLC, LLP, corporation or trust.
- Income not stated or verified.
- Assets may be stated or verified.
- No 1040.
- No Schedule E.
- No 4506-T.
- Up to 75% loan-to-value.
- Seasoning of down payment optional (maximum 70% LTV).
- Impounding of property taxes/insurance optional (maximum 70% LTV).
- Gift funds allowed (maximum 70% LTV).
- $100,000 minimum loan amount.
- $2,000,000 maximum loan amount.
- Purchase, rate and term, or cash out refinance.
- Investment only. No owner-occupancy or second homes.
- Residential SFR, PUDs, condos, townhouses & 2-4 units.
- Commercial 5+ unit multifamily, mixed use, office & retail.
- No DSCR calculated on any residential 1-4 unit collateral.
- 1.25 DSCR on 5+ unit multifamily, mixed use, office & retail.
- Provide leases only on residential collateral.
- Provide rent roll and leases on commercial collateral.
To download underwriting guidelines
for our no income, no employment, no asset, no ratio loan program:
To download a loan application
for our our no income, no employment, no asset, no ratio loan program:
LENDERLINE® is your no income, no employment, no asset, no ratio lender of choice. No doc home loans, also known as no documentation loans or low income loans, are our specialty.
Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.