A Return to Common Sense Underwriting
The No Income Mortgage is a return to common sense underwriting. Unique in the marketplace, this innovative product increases prime borrowers’ access to lending by eliminating complex underwriting rules and burdensome paperwork that make underwriters feel good but just aren’t necessary to prove creditworthiness.
Practically speaking, this approach strips away hoops that slow deals and increase costs for borrowers who already demonstrate solid repayment behavior. By leaning on verified credit history, asset verification, and real-world payment performance instead of reams of documents, lenders can approve qualified borrowers faster and with fewer false negatives — which is good for business and better for people who actually pay their bills.
That said, common-sense underwriting isn’t an excuse for sloppy risk management. It works when paired with robust fraud checks, clear borrower eligibility criteria, and sensible reserve requirements — the kind of guardrails that let innovation scale without blowing up the balance sheet. In short: smarter, simpler underwriting can widen access and lower friction, but only if lenders stay disciplined about the fundamentals.
No Income
Cut the paperwork, keep the discipline. By focusing on verified payment history, solid credit signals, and real asset checks instead of mountains of pay stubs and bank printouts, lenders can close good borrowers faster and with less friction. That means prime applicants — freelancers, small-business owners, or executives with complicated pay — get the benefit of speed and simplicity without lowering standards. Less paper, more coffee breaks for everyone involved.
For lenders, common-sense underwriting is an efficiency play, not a free-for-all. Streamlined criteria reduce processing cost and time-to-close, which improves margins and customer satisfaction — provided the lender invests in smarter verification tech (think automated bank data, behavioral signals, and up-to-date credit analytics). The product scales only when operational processes are tightened, not loosened.
But don’t get cute: simplicity must sit beside strong risk controls. Robust fraud detection, clear eligibility rules, adequate reserve and seasoning requirements, and periodic portfolio stress-testing are non-negotiable. When done right, this approach widens access for creditworthy borrowers while keeping losses in check — the exact opposite of throwing caution to the wind.
Bottom line: common-sense underwriting speeds up approvals and cuts costs for responsible borrowers, but it only works if lenders stay rigorous — think targeted verification, ongoing monitoring, and conservative reserves. Done right, it’s not a gimmick; it’s a smarter play that rewards real credit behavior and opens doors for qualified buyers who’d otherwise drown in paperwork.
No Income
The No Income Mortgage is a return to common sense underwriting. Unique in the marketplace, this innovative product increases prime borrowers’ access to lending by eliminating complex underwriting rules and burdensome paperwork that make underwriters feel good but just aren’t necessary to prove creditworthiness.
Owner-Occupied / No Ratio
Owner-occupied and no-ratio options let you go big: loans up to $2,000,000 are allowed, and borrowers with FICO scores as low as 660 can qualify. In short — this product opens doors for buyers who aren’t perfect credit unicorns but have enough history to show they pay their bills.
You can borrow up to 80% LTV, which keeps your down payment manageable while still leaving room for solid underwriting. Even better for cash-light buyers: there’s no DTI calculation on owner-occupied and second homes, so your debt-to-income math won’t torpedo an otherwise good file.
Gift funds are fully welcome — 100% gift funds allowed — making this a real option for buyers relying on family assistance to get across the finish line. And for first-time homebuyers, you don’t need a VOR on purchases (No VOR required on FTHB purchases), which removes another paper-chase hurdle.
Bottom line: this is a flexible, borrower-friendly product that balances accessibility with reasonable limits. It’s ideal if you’ve got decent credit but limited cash, or if family help is part of the plan — just make sure you understand the documentation the lender will still want and plan for appraisal and reserve expectations.
-Owner-Occupied / No Ratio
-Loan amounts up to $2M -FICOs as low as 660
-Up to 80% LTV allowed
-No DTI calc on O/O & 2nd homes
-100% gift funds allowed
-No VOR requires on FTHB Purchases
Get In Touch
Send a Email
Fill our the form or shoot us a email at Loans@HorizonLendingServices.com
