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No Ratio Mortgage Program

Welcome to our No Ratio mortgage program page, where Bennett Capital Partners is committed to helping people throughout Florida achieve their dream of homeownership. As a fully licensed Residential and Commercial mortgage brokerage company headquartered in Miami, we have been serving the state for over 24 years. Our experienced team understands the unique needs of the Florida market and has a deep understanding of the lending industry.

Our No Ratio mortgage program is unique in that it offers a solution for borrowers who may not have traditional income documentation. This program requires no income verification and no employment verification, making it an ideal solution for self-employed individuals, small business owners, and those with non-traditional income streams. This is one of the best features of our no doc loan program, as it opens up financing options for those who may have been turned down by traditional lenders.

Instead of verifying income through traditional means, we evaluate creditworthiness based on other factors, such as liquidity, FICO score, and loan-to-value (LTV) ratios. This allows us to provide financing options for a wider range of borrowers who may not fit the criteria for traditional mortgages. Our No Ratio mortgage program is designed to be flexible and accommodating, with different income documentation requirements and credit score minimums to meet the unique needs of each borrower. 

At Bennett Capital Partners, we pride ourselves on providing exceptional service and personalized attention to every client. Our team has experience working with borrowers from all across the state, and we are committed to providing the same exceptional service to all of our clients, no matter where they are located. We understand that obtaining a mortgage can be a stressful and confusing process, but we're here to make it as easy and painless as possible for our clients throughout Florida.

 

Contact us today to learn more about our No Ratio mortgage program and how we can help you achieve your goals of homeownership in Florida.

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No Ratio Mortgages FAQ's
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Is the No Ratio mortgage program only for self-employed borrowers or small business owners?

Can I refinance my existing mortgage with the No Ratio mortgage program?

Bank Statment Program Use Cases 

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No Ratio Mortgage Programs

 

The No Ratio Mortgage program is an excellent alternative to traditional mortgage options for income-producing properties. Below, we've outlined the program details, low down payment requirements, and key advantages of the No Ratio Mortgage program.

 

Key Features of the No Ratio Program:

  No Employment: One of the key features of our No Ratio mortgage program is that no employment is required for qualification. This means that borrowers do not have to provide proof of employment on their application, making it an ideal solution for self-employed individuals or those with irregular income streams. Instead, we evaluate creditworthiness based on other factors such as liquidity, FICO score, and loan-to-value ratios.

 No Income Verification:  Our No Ratio Mortgage program doesn't require borrowers to provide income documentation, such as tax returns, W-2s, 1099s, or P&Ls. This makes it an ideal solution for those with non-traditional income streams or those who may have been turned down by traditional lenders.

  Flexible financing options: Our No Ratio Mortgage program offers various mortgage options, including fixed-rate, adjustable-rate, and interest-only loans, catering to different financial needs and preferences.

  Condominiums: Warrantable and Non-Warrantable condo projects are allowed. We are Condo Mortgage specialists here at Bennett Capital Partners and will work with you every step of the way giving you expert guidance. 

  Fast and easy processing: Our experienced team will work with you every step of the way to ensure a smooth and efficient mortgage process, providing personalized attention and exceptional service to every client.

 Renovation financing: Some No-Ratio programs allow borrowers to include renovation costs in their loan amount, enabling them to make necessary repairs and improvements to their new home.

 Loan Amounts: This program is eligible for borrowers seeing loan amounts from $100,000 to Jumbo loan amounts of $10,000,000+ Case by case

 Low FICO Scores: Borrowers with credit scores as low as 640 may still qualify for the No Ratio Mortgage program, providing them with an excellent alternative to traditional mortgage options.

To be eligible for the No Ratio Mortgage program, applicants must meet the following criteria:

  Owner-occupancy requirement: It must be an income producing property. It cannot be the borrower's primary residence. 

  Minimum credit score: Applicants must have a minimum credit score of 640 to qualify for the program.

  Down payment: A minimum of 25% down payment is required for the No Ratio Mortgage program.

  Asset seasoning: The borrower must have assets that have been seasoned for at least 30 days.

Our No Ratio Mortgage program offers a unique opportunity for self-employed and small business owners in Miami to achieve their dream of homeownership. Non QM Loan requirements allow for this program without traditional income documentation.

 

With flexible financing options, low down payment requirements, and no income verification, the No Ratio Mortgage program is an affordable and accessible option for many. It's the perfect option for real estate investors seeking flexibility in the mortgage process without the need for extensive income documentation.

 

Contact our team of mortgage experts today to learn more about the No Ratio Mortgage program and take the first step towards your dream of homeownership.

Discover helpful tips and tricks on mortgages by reading our blog posts:

 

DSCR Loans Explained: Understanding Debt Service Coverage Ratio Loans Read our comprehensive guide on DSCR loans and how you can make your next investment purchase today. 

Exploring The Best DSCR Loan Rates: Your Guide For 2023 To learn more about Home mortgages for those with bad credit. 

10 Year Interest Only Mortgage: For Refinances, Purchases, and Investors to learn how you can benefit from this innovative program. 

Mastering Your Debt-to-Income Ratio: A Key to Mortgage Approval Success to learn more about how your debt-to-income ratio plays a critical role in the mortgage approval process. 

A comprehensive guide to getting a mortgage when you're self-employed To learn more about how you, as a self-employed borrower, can get a mortgage and understand which programs do not require tax returns for qualification. 

How To Get The Best Mortgage Rates In Florida to learn what you need to do to get the best mortgage rates. 

No Ratio Mortgages FAQ's

What is a No Ratio mortgage, and how does it differ from a traditional mortgage?

 

A No Ratio mortgage is a type of mortgage that differs from a traditional mortgage in that it does not require income documentation or employment verification. This makes it an excellent alternative for self-employed and small business owners in Miami who may not have traditional income documentation or may have irregular income streams. The No Ratio mortgage program is also suitable for borrowers with lower credit scores down to 640.

 

What are the minimum credit score requirements for the no Ratio mortgage program?

 

The minimum credit score requirement for the No Ratio mortgage program is 640.

 

If you would like to know your credit score, you can contact Bennett Capital Partners. You can either call us 1-800-457-9057 or click on this link Apply Now to go to my online application where we can do a pre-approval and pull a copy of the borrower's credit report. Our experienced team will work with you to find the best financing options for your unique situation. Contact us today to learn more about the No Ratio mortgage program and how we can help you achieve your goals.

 

 

How much down payment is required for the No Ratio mortgage program?

 

The No Ratio mortgage program offers flexibility when it comes to down payment requirements. Borrowers can qualify with a minimum down payment of 25%. Additionally, the program allows borrowers to season their assets for only 30 days, meaning that the lender will only look at the last month's bank statement. This can be advantageous for borrowers as large deposits made over 30 days and less than 60 days will not need to be verified.

Is the No Ratio mortgage program only for self-employed borrowers or small business owners?

 

No, the No Ratio mortgage program is not only for self-employed borrowers or small business owners. It is a unique solution for all borrowers. It is best for borrowers with non-traditional income sources and those who have difficulty qualifying for a traditional mortgage on an income-producing property. 

Can I refinance my existing mortgage with the No Ratio mortgage program?

 

Yes, you can refinance your existing mortgage with the No Ratio mortgage program. In fact, refinancing with a No Ratio mortgage can be an excellent way to lower your monthly payments or access equity in your home without the need for traditional income documentation.

Can I get a No Ratio loan for a Non-Warrantable Condo?

 

Yes, you can get a mortgage for a Non-Warrantable Condo through our No Ratio Mortgage program. Our program is designed to accommodate properties that do not meet standard lending criteria, offering you the opportunity to invest in unique properties.

What Our Clients Say

Five Stars

Alex S. 

Philip was highly recommended to me and he did not disappoint. He was incredibly helpful and honest throughout the entire process, getting us the best program that matched our needs. We really didn't think we had a chance and luckily Philip …
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