This guide is part of my statewide financing library — the plain-English rundown of how each loan type works for Kentucky buyers, from Lexington subdivisions to Gorge cabins and everything between. I’m your agent, not your lender: programs described here come from licensed third-party lenders, and I’ll gladly introduce you to ones who know Kentucky.

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What You Can Use It For

• Borrowers with strong portfolios but modest reportable income
• Business owners whose tax returns are legitimately optimized down
• Recent windfalls — a sale, inheritance, or settlement — before an income history exists
• Anyone whose DTI fails the formula while their balance sheet says otherwise

Why Borrowers Choose It

• No income documentation and no employment required — the two biggest paperwork walls, gone
• Qualification rests on what you can prove today: credit, assets, reserves
• Loan amounts up to $3 million
• Primary and secondary homes both eligible

Program Highlights

• No income documentation and no employment required
• Qualify with FICO score, assets, and reserves
• Primary or secondary homes only
• Minimum FICO 640
• Loan amounts from $100K to $3 million
• SFR, 2–4 units, condos, and PUDs

Highlights reflect lender program guidelines at the time of writing — programs change, and your terms depend on your full application.

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Who Uses This Locally

The classic local file: someone who sold a farm, a business, or Lexington property and holds real assets, but whose reportable income no longer looks like a W-2. Asset-based qualifying lets them buy the next place — often a Gorge cabin or a retirement home closer to family — without contorting their finances to satisfy a ratio.

Common Questions

Is this the same as the “stated income” loans from 2008?

No. Stated-income loans let borrowers claim income nobody verified. No-DTI loans verify everything they rely on — your credit and your assets are documented hard; the loan simply doesn’t rest on an income calculation at all.

What do reserves mean here?

Months of housing payments you hold in verifiable accounts after closing. Strong reserves are the backbone of this qualification, so expect the asset documentation to be thorough even though income docs are zero.

Self-employed with steady deposits? Bank statement loans may price better.

Equal Housing Lender. This is not a commitment to lend or extend credit. Programs, rates, terms, and conditions are subject to change without notice; all applicants are subject to credit and underwriting approval, and not all applicants will qualify. Program details shown reflect available lender guidelines at the time of writing and may differ at application. Consult your accountant about tax matters. The loan programs described on this page are offered by licensed third-party lenders, not by Marcos Gil. Marcos is a licensed Kentucky real estate agent — not a mortgage loan originator — and can introduce you to a licensed loan officer for any program here. Verify any lender or loan officer at NMLS Consumer Access: nmlsconsumeraccess.org.