NONI – Non Owner No Income.

A simple, innovative business purpose loan product available exclusively at theLender. NONI is the result of four years and over $5 billion in NonQM submission R&D. We’re here to help you add this incredible business line to your business.

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

Brokers
Download theNONI introduction flyer HERE
Download theNONI highlights flyer HERE

Borrowers
Download theNONI introduction flyer HERE
Download theNONI highlights flyer HERE

If you have more questions or need more information, contact me
Jayne Connell
732-718-3149
Jayne.Connell@thelender.com