No Income No Asset Loans [NINA]

Can be first-time home-buyers! Loans up to $521,250.00,

Allowable 6% seller contributions of the purchase price or appraisal value.

Can be self-employed or W-2 employees or not want to verify his/her income,

95%(LTV) for owner-occupied, and 80%(LTV) for non-owner occupied.

The loan-to-value(LTV) is the appraisal price or the purchase price, whichever is less.

Property Types
Single Family dwellings - homes
Condominiums and Planned Unit Developments
Rural properties
No Verification includes any or all of the following.....
No verification of rent or mortgage payment
NoPITI reserves
No appraisal survey required
No termite inspection required
No escrow or impounds required
No reserve requirement or sometimes a 3 month seasoning requirement
No written verification of employment (VOE) required
No written verification of (4506) required - Verification of Tax Returns
No verification of income required during the loan process

Borrowers who will not qualify:
If they have a foreclosure or bankruptcy within the past 2 years, or if they do not meet the No income No Asset (NINA) guidelines.

Borrowers Debt Ratio:
The debt ratios with your housing expense cannot exceed 45%,
The loan is lower than a no-ratio loan, because the income field is left blank.