No Ratio / No Income Refinance – Florida Lender
A No Ratio / No Income Refinance eliminates traditional income verification, allowing borrowers to qualify without tax documents or DTI calculations. Instead, lenders focus on credit history, assets, and available equity—making it an excellent option for self-employed individuals, investors, retirees, or borrowers with non-traditional income sources.
This refinance option is especially useful for those wanting lower monthly payments, better terms, or cash-out access without the rigid documentation required by conventional loans. The streamlined process offers speed, privacy, and flexibility for borrowers who otherwise face challenges with standard refinancing guidelines.
At Select Home Loans, we help Florida homeowners secure no-ratio refinances quickly and confidently, ensuring the loan structure fits your financial goals.
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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.
