No Ratio vs Stated Income

Please note - This program is no longer available due to the collapse of the mortgage market. Please contact our office at 801-884-8769 to check on future program availability or alternatives.

No Ratio Loans are available for who wish to qualify for a mortgage without any true income requirements. On the application you would not state your income at all, but may be required to verify your assets.

Stated Income documentation programs are available to borrowers who have trouble documenting their adjusted gross income, but unlike No Ratio programs, the stated income still must be used to "qualify" for the loan.

Sometime problems arise when the stated income may not make sense for the person particular field of employment. By using a No Ratio Loan that problem can be solved.