NONI – Non Owner No Income

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

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