No Income Loan
No income loans are a great permanent loan alternative for investors who either can’t qualify for a conventional loan or do not want to reveal their tax returns. These loans offer long amortizations and are made for residential investment properties only.
Property Types:
Residential
Markets:
Texas
Loan Amounts:
$100K+
Term
Up to 40 years
Amortization:
Up to 40 years
Rate:
TBD
Fees:
TBD
LTV:
Up to 75%
LTC:
Up to 75%
Qualifying:
No tax returns required
Recourse:
Yes
Prepay penalty:
TBD
CLTV:
Up to 75%
Escrows:
None
Credit Score:
650
FAQs
Is this loan program available for primary residences and investment properties?
No, this loan program is only available for investment properties.
Do I have to be employed to qualify for this loan?
No
What items are necessary to qualify for this loan?
Application, ID, and 2 Months Bank Statements.
FAQs
Is this loan program available for primary residences and investment properties?
No, this loan program is only available for investment properties.
Do I have to be employed to qualify for this loan?
No
What items are necessary to qualify for this loan?
Application, ID, and 2 Months Bank Statements.
