No income, no asset (NINA) is a term used in the united states mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage. A loan issued under such circumstances may be referred to as a NINA loan or NINJA loan.
Investor Loan – No Doc – brokermortgages.com – No Income-No-Assets-No Employment. Closings average 10 to 15 business days from application. Loan amounts down to $125,000 and up to $300,000, all No Doc and greater than $300,000 on a case by case basis.
NO RATIO LOANS No ratio loans don’t require you to declare what your income is, so you don’t have to show pay stubs, W-2s or tax returns. Because the lender doesn’t know what your income is, the debt-to-income ratio can’t be calculated. However, you still have to list assets so that the lender knows the loan can be repaid.
Security: Any tangible assets the borrower can put up as collateral can help their. high-risk loans made without reviewing the income of the applicant are.
Alternative-Income Verification Loans Today’s stated income loans actually require that your income be verified, however there are flexible options in how this verification takes place. Participating stated income lenders often allow either 12 or 24 months of bank statements to be used instead of tax returns.
This loan program fills a growing demand of credit worthy borrowers who are self-employed, have non-traditional incomes, have assets and no income, or have had difficulty qualifying for a traditional.
Getting a personal loan without income: is it possible? Getting a personal loan without income proof is possible and this is your "how to get a loan with no income" guide. There are lenders that will consider your application from you even If you do not have income at this moment, or if you are in a "need cash now no job" situation.
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No Income / No asset (nina) mortgages are a type of loan where the borrower does not have to disclose their income and assets to the lender.. stated income Loans Los Angeles, California, Nationwide. – Even though the stated income loan is a SIVA loan (stared income verified assets), in some cases, qualifying criteria may be considered No Income/No Asset.(NINA).
I’m pleased to report we delivered another quarter of strong performance, generating GAAP net income of $0.58. on our residential bridge loan portfolio as a result of $68 million of payoff and no.