ASSET-BASED QUALIFICATION
No Ratio / No DTI Mortgage
Retiree or high-net-worth borrower with assets but no W2, income documentation that would take three weeks to untangle either way. Castor's no ratio mortgage loan on Prime PLUS calculates no income and no DTI, provided eligible assets cover the note, minimum reserves and 12 months of total payments.
What Is a No Ratio / No DTI Mortgage?
Castor Financial's No Ratio / No DTI mortgage loan documents no income and calculates no debt-to-income ratio, built for retirees and high-net-worth borrowers with assets but no income. Eligible assets must cover 100% of the mortgage note, the minimum reserve requirement, and 12 months of total payments. Minimum FICO is 660, maximum LTV is 80%, and loan amounts reach $3.5 million on any occupancy type.
Why Brokers
Choose Castor
For No Ratio Loans
No Income Calculation
PRIME PLUS
Not reduced documentation. No documentation. There is no income figure and no DTI ratio in the file, which removes the entire category of problems that stem from calculating a self-employed borrower's earnings.
Any Occupancy Type
PRIME PLUS
Primary, second home and investment properties are all eligible rather than the program being restricted to owner-occupied.
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Minimal Requirements
PRIME PLUS
Eligible assets must cover 100% of the mortgage note, the minimum reserve requirement, and 12 months of total payments. That is the whole underwrite.
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Loan Amounts to $3.5 million
PRIME PLUS
No ratio does not mean small. The program carries the same $3.5 million ceiling as the rest of Prime PLUS.
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Title | Max Loan Amount | Min FICO | Max LTV | Occupancy |
|---|---|---|---|---|
Prime Plus | $3,500,000 | 660 | 80% | Primary, Second, Investment |