Ads
related to: loans with no income requirementsnationaldebtrelief.com has been visited by 10K+ users in the past month
A+ Accredited Business - Better Business Bureau
- How It Works
Customized Debt Relief Plans
Tailored to Your Needs.
- Apply In Minutes
You Could Become Debt Free
In As Little As 24-48 Months.
- How Does NDR Work?
Customized Debt Relief Plans
We Address Your Specific Needs
- Let's Talk
Give Us a Call to Get Started
Get Your Free Debt Assessment Today
- How It Works
fund.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
No income, no asset (NINA) [1] 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 .
“An FHA streamline is a unique loan program because there is no income qualification or appraisal needed,” says Brian Green, a mortgage lender and licensed loan officer in Sacramento, Calif ...
"It required no documentation of a borrower's income or assets and gave loans to borrowers who debt-to-income levels were far higher - 50% - than what was required by other lenders." [14] During 2005 68% of “option ARM” loans originated by Countrywide and Washington Mutual had low- or no-documentation requirements. [15]
This program provides mortgage loans for those earning less than 80% of the Area Median Income (AMI), and they require a minimum down payment of 3%. A Federal Housing Administration (FHA) loan.
For premium support please call: 800-290-4726 more ways to reach us
Stated income loans are still offered typically by small local banks. Qualification requirements are based on stable employment, good reserves, good FICO and no less than 40% equity position in the property. Stated income loan availability changes state to state, county to county.
Ads
related to: loans with no income requirementsnationaldebtrelief.com has been visited by 10K+ users in the past month
A+ Accredited Business - Better Business Bureau
fund.com has been visited by 100K+ users in the past month