What Is a No-Ratio Loan?

Qualify on the asset — no DSCR calculation, no rent roll, no minimum ratio to hit. Built for properties that don't have established cash flow yet.

✔ No minimum DSCR
✔ No rent roll required
✔ 1–4 unit investment properties
✔ Lend in all 50 states

No-Ratio Loan Highlights

No-Ratio is a DSCR variant with no minimum ratio floor. No rent roll, no debt service coverage calculation — underwritten on the asset itself, not on whether the property currently cash-flows.

It's the right fit for a vacant property, a new acquisition without lease history, or any deal where the numbers don't pencil on a standard DSCR test but the deal still makes sense.

Get a Quote → Call (862) 293-2467
No minimum DSCR The property doesn't need to break even
Up to 75% LTV 75% purchase, 70% cash-out refi
Min. credit score 680 720 for a refinance
1–4 units Non-owner-occupied investment properties
$125K–$3M Loan amounts available
Reserves vary by size None required under $1.5M

No-Ratio Loan Requirements

Straightforward requirements built for deals that don't fit a standard DSCR test.

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No minimum DSCR required
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Minimum credit score: 680 purchase / 720 refinance
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Up to 75% LTV on purchase, up to 70% on cash-out refinance — varies by loan amount, see rate sheet.
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Reserves: none under $1.5M, 2 months PITIA $1.5M–$2.5M, 6 months above $2.5M
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Loan amounts: $125,000–$3,000,000
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Property types: 1–4 unit, non-owner-occupied
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Purchase · Rate & Term Refinance · Cash-Out Refinance
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Standard step-down prepayment penalty — state restrictions apply.

How to Get a No-Ratio Loan

No rent roll, no DSCR calculation — just the asset, your credit, and your reserves.

1
Tell us about the property Purchase or refinance, no rent history required.
2
We underwrite the asset No DSCR calculation, no rent roll needed.
3
You qualify on the deal Credit, reserves, and the property carry the file.
4
Close and move to your next deal Fund the property and keep building your portfolio.
Get a Quote →

Common Questions

What makes a No-Ratio loan different from a DSCR loan?
A DSCR loan still requires the property to hit a minimum debt service coverage ratio. A No-Ratio loan removes that floor entirely — there's no rent roll and no DSCR calculation. You're underwritten on the asset itself, not on whether it currently cash-flows.
Who is a No-Ratio loan for?
Investors buying a vacant property, a new acquisition without lease history, or any deal where the numbers don't pencil on a standard DSCR test but the deal still makes sense.
What credit score do I need?
Minimum 680 for a purchase, 720 for a refinance.
What's the max LTV?
Up to 75% LTV on a purchase and up to 70% on a cash-out refinance, varying by loan amount.
Are foreign nationals eligible?
No, not on the No-Ratio program. Foreign national borrowers should check out our Foreign National loan program instead.

Ready to Move Forward?

Get a quote on your investment property today. Qualify on the asset, close on your timeline — no DSCR calculation required.

Get a Quote Call (862) 293-2467