NONI – Non Owner No Income.
A simple, innovative business purpose loan product available 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.
- As little as 2 months reserves (Use property cashflow to qualify)
- FICOS As Low As 640
- No Seasoning on cash out or rate and term
- No LTV Restrictions on 2-4 units
- LTV’s up to 80% (min 740 fico)
- No Rate Or Pricing Adjustments on Cash Out, Interest Only, Condo, Units