No Ratio Loans

Due to the housing and credit crisis we are not offering residential loans at this time. We instead have decided to concentrate on helping our self employed clients with their commercial mortgage financing needs.

We are specializing in offering the SBA 504 loan as it has a number of significant benefits for the business owner and it is commercial financing that is actually available.

Some of the many benefits of the 504 program are:

• 90% loan to cost transactions
• incentives for use of Green or Renewable Energy
• the ability to finance a renovation or remodel of commercial property

Please click on the links above or to the left for more information or give us a call.

Thank You

The guidelines below no longer apply.

No ratio loans are actually "No Income Loans," since no income is actually disclosed on the loan application. No Ratio Loans are available for both "conforming" and JUMBO loan amounts. The income section of the application is left blank, but your employment and asset situation must be one that supports the ability to repay the mortgage and your credit must be impeccable.

No Ratio Loan minimum requirements:

• 700 middle FICO score
• 720 middle FICO score if newly self-employed or refinancing with cash out
• Documentation of seasoned assets including down payment, cash to close and 10% of loan amount in cash reserves
• Excellent credit and credit history
• 20% minimum down payment for a purchase
• Secondary financing acceptable - cannot be held by seller or builder
• Single family properties only
• Second homes are eligible
• Investment properties NOT eligible for financing
• Maximum amount of cash out $500,000 ($200,000 for a second home)

No Ratio Loan maximum loan to value and loan amounts: