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.
Program Highlights
- As little as 0 months reserves (Use property cashflow to qualify)
- FICOS As Low As 620
- No Seasoning on cash out or rate and term
- No LTV Restrictions on 2-4 units
- LTV’s up to 80% (min 680 fico)
- No Rate Or Pricing Adjustments on Cash Out, Interest Only, Condo, Units
NONI Toolbox
- ACH Form
- Business Purpose Cash Out Letter
- Business Purpose Broker Package
- Business Purpose Loan Sign Up
- Business Purpose Matrix
- Business Purpose Submission Form
- Commercial Loan Application
- Disclosure Certification and Acknowledgement
- NONI Calculator
- NONI Checklist
- NONI Fact Sheet
- NONI Prequalification Checklist
- Personal Guaranty form – LLC ONLY
Download the whole NONI Submission Package
- HERE
- Business Purpose Cash Out Letter
CEMA Information
If you have more questions or need more information, please shoot us an email at TeachMeToNONI@theLender.com