NO Income Required - Home Loans
Peoples Bank & Trust Company is proud to offer our customers a mortgage where income DOES NOT need to be verified. What makes this product even more unique is that you can purchase a primary or secondary home using this loan. Most products that offer a no income solution only allow for investment properties.
This is the only program we have available under these guidelines for a primary residence or second home, and you also have options when choosing the mortgage term. You can either choose an adjustable-rate mortgage (for a lower rate) or we also have a 30-year fixed product available as well.
Benefits:
- No Income documentation required
- Since No Income is required there are no Debt to Income limits
- Income does not need to be stated
- Credit underwritten based on LTV, FICO, and liquidity (cash/401k/IRA/Stocks etc.)
- Primary residence and second homes
- Loan amounts up to $3 million
- Loan to Value up to 80% for a purchase and rate-and-term refinance
- LTV up to 70% cash-out
- FICO beginning at 640
This program is ideal for:
- Self-Employed/Small Business Owner
- Recently Divorced
- Volatile or Irregular Income
- Retired
- Seasonal & Gig Workers
- Real Estate Investors
- Owners & Employees of Cash Businesses
- Newly Self-Employed
- Transitioning from Recent Health, Family, or Other Life Events
- Recent Immigration
- Disqualified Income
Give us a call today at 800-697-4371 to see if this program is a good fit for your situation.
