No-Ratio Loans
The simplest qualification in Non-QM: no income disclosed, no DTI calculated. Your credit, your assets, and your equity do the talking.
A no-ratio loan is a Non-QM mortgage where no income is disclosed and no debt-to-income ratio is calculated. Qualification rests on the strength of your credit, your assets, and the equity in the deal — making it the simplest Non-QM path for borrowers whose income is difficult to document but whose balance sheet is strong.
Key Takeaways
- No income disclosed, no DTI calculated.
- Credit, assets, and equity carry the file.
- The simplest Non-QM qualification path.
- Lower leverage typically applies.
“Sometimes the cleanest file is the one that doesn't disclose income at all. No-ratio is for borrowers whose credit and assets speak for themselves.”
— Vision One Mortgage, Inc. · NMLS #7861
Have a live deal? Get a scenario solution fast.
Send us the numbers — price, rent, credit — and a NonQM Rates specialist will structure it, typically same business day.
Submit Your Deal ScenarioNo-Ratio at a glance
| Guideline | Sample Investor Guidelines |
|---|---|
| Max LTV | Up to 80% |
| Minimum Credit Score | 600 FICO |
| DTI Calculation | None — income need not be disclosed |
| Occupancy | Owner-occupied |
| Investor Version | No-Ratio DSCR — no minimum DSCR ratio on investment properties (lower leverage applies) |
Sample investor guidelines. investor matrices effective 08/05/2026. Subject to change — verified against current investor guidelines. Not an endorsement of any lender.
Reviewed by Vision One Mortgage, Inc. · NMLS #7861 · Last reviewed: October 2026
Borrowers who’d rather not talk about income
- Borrowers with complex, hard-to-document income streams
- Asset-rich borrowers who prefer not to disclose earnings
- Investors who want DSCR-style simplicity on rentals (No-Ratio DSCR)
- Anyone whose income paperwork would slow or sink a deal
How no-ratio works
- Nothing to state — no income figure is disclosed on the application
- No DTI math — qualification rests on credit, collateral, and reserves
- Up to 80% LTV — meaningful leverage without the paperwork
- Two tracks — owner-occupied no-ratio, and No-Ratio DSCR for investment properties
No-ratio guidelines are narrow and scenario-specific — reserve requirements and eligible properties vary. Check your eligibility or call 949-241-9489 for current details. NMLS #7861. Compare payment scenarios →
No-ratio vs. other Non-QM qualification paths
| No-Ratio | DSCR | Bank Statement | |
|---|---|---|---|
| Income documented | No — not disclosed | No — rent qualifies the property | Yes — deposits reviewed |
| DTI calculated | No | No | No |
| Best for | Borrowers who want income off the table entirely | Rental-property investors | Self-employed with strong bank deposits |
| Trade-off | Leverage is lower; guidelines are narrow and scenario-specific | The property must cash flow on its own | Deposits must be reviewed and sourced |
Sample comparison for illustration; guidelines vary by investor and are subject to change.
An illustrative no-ratio scenario
A consultant with substantial savings buys a $650,000 home in California with a $195,000 down payment — a $455,000 loan. She’d rather not disclose or document her income, so she qualifies on her credit, her reserves, and the property’s appraised value. At closing she signs standard mortgage documents — none of which require her to state an income figure. Illustrative example — not a quote or commitment to lend.
Who this is not for
- Borrowers who can easily document income and want the broadest program options and terms
- Buyers who need maximum leverage — no-ratio’s simpler qualification comes with lower loan-to-value
- Borrowers with limited reserves or thin credit files
- Anyone whose priority is the lowest available rate rather than the simplest paperwork
No-ratio FAQ
What does “no-ratio” actually mean?
It means the loan is underwritten without a qualifying income ratio — no housing ratio, no debt-to-income ratio. Income simply isn’t part of the qualification.
Do I still need good credit?
Yes — with no income in the file, credit and collateral carry the weight. Our sample guidelines show a 600 minimum FICO, with stronger terms for stronger credit.
Is there really no income documentation at all?
Correct for the owner-occupied no-ratio program — income need not be disclosed. Reserves and asset documentation still apply.
What about investment properties?
The No-Ratio DSCR variant covers investment properties with no minimum DSCR ratio — lower leverage applies compared to full-ratio DSCR.
Can no-ratio be used for a cash-out refinance?
It depends on the investor — refinance options are more limited than purchase, and eligibility hinges on reserves, credit, and the property. Send us your scenario and we’ll check current guidelines.
Why choose no-ratio over a bank statement loan?
Simplicity and privacy: if you qualify, nothing about your income enters the file. Bank statement loans can reach higher leverage but require deposits to be reviewed and sourced.
Keep reading
More on no-ratio and related Non-QM paths: No-ratio mortgage, explained · What is a DSCR loan? · What is a Non-QM loan?
No-ratio loans are available for properties in California, Texas, Arizona, Florida, and Georgia. Compare payment scenarios →
Your path from scenario to funded
No black box. Here is exactly how a deal moves with us — and what happens after you close.
Submit your scenario
Price, rent, credit, timeline. Get a straight answer on program fit — typically same business day.
Know your numbers
This page is step two. By the time you apply, you already understand the structure — no surprises.
Apply with a short checklist
A focused application built around the document checklist on this page. Nothing extra, nothing missing.
Close — then what’s next
Milestone updates through closing. After you fund, we watch for refinance windows and your next acquisition.
Plan your exit before you enter
Every investor loan needs an exit strategy. Here are the paths investors typically take from here — we help you pick the right one before you commit.
- Hold for cash flow
- Refinance when documentation allows
- Sell when the timing is right
Ready to run your numbers?
Every deal is different — submit your scenario and get a straight answer on program fit and structure, typically same business day.
Submit Your Deal ScenarioSee if no-ratio fits your deal
60 seconds. No obligation. NMLS #7861.
