No Ratio Loan

This program is essentially a variation of the No Income Verification loan. Unlike the "stated income" program, however, the applicant indicates no income amount in the application; the lender's underwriter ignores all income qualification questions. Such programs place the greatest underwriting weight on the applicant's credit and lowered LTV. For more information, see the "No Income Verification" or "No Documentation Programs" articles in the "Loan Programs" section.

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