Tag Lending Group Blog: Expert Mortgage Solutions & Insights

20-25% Down on No Income, No Ratio [GA]

Written by Gemma Awao | Feb 16, 2024 5:35:23 PM

In the fast-paced world of real estate, time is of the essence. Every moment counts, and delays can jeopardize deals and leave clients feeling frustrated. That's why at Tag Lending Group, we're constantly striving to innovate and streamline our processes to ensure smooth and swift transactions for both realtors and their clients. We're thrilled to introduce our updated 14-day closing process, designed to enhance collaboration, transparency, and efficiency every step of the way.

Expanding Accessibility:

  • This initiative broadens financial support to a wider array of clients, offering loans of up to $2 million with a minimum FICO score of 660, ensuring inclusivity in the journey to homeownership.

Affordability Made Easy: 

  • By offering up to 80% Loan-to-Value (LTV), we make your down payment more manageable, providing flexibility and alleviating financial strain.

Simplified Approval Process: 

  • We streamline the process by eliminating DTI calculations for owner-occupied and second homes, turning homeownership aspirations into reality more swiftly.

Enhanced Financial Freedom

  • Borrowers now have the option to utilize 100% gift funds for their down payment, providing greater financial flexibility.
  • Requires only 20 - 25% Down Payment!

Perfect for First-Time Homebuyers:

  • No Verification of Rent (VOR) is necessary for first-time homebuyer purchases, smoothing the path to homeownership.