No income no asset loans (also called NINA loans) are for self employed people who do not or cannot disclose both income and assets. NINA loans are also for borrowers whose income and assets are typically not sufficient to qualify for a loan. In this case, the borrower will need to have good credit.
Asset Depletion Loans – Asset Based Mortgage If you have a lot of assets, but make little-to-no income, an asset depletion loan may be for you. Asset depletion loans are also known as "asset based mortgages" or "asset dissipation loans". Some people even refer to them as "no income, high asset loans".
Our perfect Commercial Hard Money Loan is designed for real estate investors seeking short-term financing. hard money loans offer flexible qualifying guidelines being that there’s no income documentation couple with being credit score friendly — only a 550+ FICO is needed.
Contents Online vendor directory Provide vital services Reverse mortgage lenders Nrmla vendor directory. imagine Independent mortgage bankers To date, 75 colleges have adopted no-loans policies and 1 college has adopted a significant reduction in loans for low income students. 2 of these colleges have completely ended their no.
They were based only on credit history, and sometimes assets.. Typical “no doc ” or “stated income” or “no income verification” loan guidelines.
Most lenders across the continental united states require that borrowers provide income documentation to qualify for a mortgage loan and do not offer no income verification mortgages no matter what the transaction is, whether it is a purchase or a refinance. We have the no income check program that does not require any income documentation at all.
No doc, stated income, bank statement, pleged assets, asset based, and other low or no proof of income loans in MN, WI.
This program is a no income, no asset required product for homeowners. The Agency NINA allows for LTVs (loan to value) of up to 80% and FICO scores as low as 620. 360 Mortgage has received approval to.
Anyway, the term “No Doc” is usually defined as no income, no asset, and no employment verification. Some silly loan officers refer to these types of loans as.