No Income No asset loans. author: ryann Cairns. There are a growing number of lenders in the banking industry who are targeting and focusing on the non-traditional borrower. One of the products targeted to this market is the no income and no asset loan.
State income mortgages and no income loan programs are available but before you start counting your money, make sure that you qualify for. 3 Popular No Income Loan Programs: No Income No Assets: In this type of "no income loan" income and assets info was not requested by the lender nor offered by the applicant.
Security: Any tangible assets the borrower can put up as collateral can help their. High-risk loans made without reviewing the income of the applicant are.
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No income no asset loans (also called NINA loans) are for self employed people who do not or cannot disclose both income and assets. NINA loans are also for borrowers whose income and assets are typically not sufficient to qualify for a loan. In this case, the borrower will need to have good credit.
No Income / No asset (nina) mortgages are a type of loan where the borrower does not have to disclose their income and assets to the lender.. Stated Income Loans Los Angeles, California, Nationwide. – Even though the stated income loan is a SIVA loan (stared income verified assets), in some cases, qualifying criteria may be considered No Income/No Asset.(NINA).
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2017-10-13 · Nationwide Mortgage Loans offers reduced documentation home equity loans and 2nd mortgages with no income and no assets required for qualified borrowers.
No Income / No Asset Mortgage – NINA: A type of reduced documentation mortgage program in which no income and no assets are disclosed on the loan application, but employment is verified. NINA.