No income verification loans are also known as:

  • No Tax Return Home Loans
  • Limited Proof of Income Loans
  • No Ratio Loans

With a No Income Verification Loan, your debt-to-income (DTI) ratio will not be calculated, and no income or verification of employment will be used.  This loan is perfect if you have a high DTI or a hard time showing income. The other positive attribute of this type of loan is that Gift Money is allowed.


Qualifications of no income verification loans:

  • An above average credit score (minimum of a 680 Fico score)
  • 75%-80% LTV for purchase and rate-and-term refinances
  • 65%-70% LTV for cash out loans
Rateplicity Mortgage Corporation - home loans