NONI – Non Owner No Income

Program Highlights

No Pricing Adjustments for cash-out, units, IO, or condo
Qualify your DSCR off of the Note rate! If Interest Only, ITIA is used!
No Income/No Reserves/No Employment on 1003
Gift Funds Allowed
3 Credit Tiers 680+ / 640-679 / & 620-639
$3,500,000 Max Loan Amount
$2,000,000 Max Cash Out
80% Max LTV
620 Minimum Credit Score
Qualification DSCR ≥ 1.0
Financed Properties No Limit on Number of Financed Properties
3 Year Seasoning Foreclosure, Short Sale, Loan Modification, Deed in Lieu & Bankruptcy
Terms: Fixed, ARM & Interest Only Options
Soft Prepay Available