Why Choose a No-Ratio / No-Income Loan in Florida
No-Ratio and No-Income loans are designed for borrowers who don’t fit into traditional lending guidelines—such as self-employed individuals, real estate investors, or those with variable income streams. Instead of using tax returns or income statements, lenders focus on credit, assets, and overall financial stability.
These loans provide a flexible alternative for qualified borrowers who maintain strong credit but prefer privacy or simplicity in the mortgage process. Whether you’re purchasing or refinancing, a No-Ratio loan offers a clear path to homeownership without the burden of full income verification.
At Select Home Loans, we make the process transparent and efficient—helping Florida borrowers secure financing on their own terms.
Apply Now
No-ratio and no-income loans are Non-QM programs that don't calculate or document the borrower's income at all. Approval is based primarily on credit, assets, the property, and loan-to-value. They're rare and require strong overall files, but they exist for borrowers whose situations don't fit traditional documentation.
Common use cases include foreign-national borrowers, complex multi-entity business structures, recently retired borrowers waiting on tax-return updates, and high-net-worth borrowers who simply prefer not to document income. Loan-to-value is typically more conservative than other programs, and rates run higher to compensate for the reduced documentation.
We assess no-ratio and no-income scenarios on a case-by-case basis. If income documentation is even a small obstacle, this category of products may be the answer.
Both skip income documentation. No-ratio loans don't calculate a debt-to-income ratio at all. No-income programs don't even ask about income — they qualify purely on credit, assets, property, and LTV.
These are strong-borrower programs — typically 700+ minimum, with pricing reflecting the score profile.
Generally 25–35% down; investment property and second homes only on most programs.
Some programs allow primary residence; many are second-home and investment only.
About the same as a conventional loan — 21–30 days. The reduced documentation actually speeds underwriting in some cases.
