NIVA – NO INCOME / NO EMPLOYMENT NEEDED
Introducing another alternative financing program for those borrowers that do not meet conventional guidelines.
- UP TO 70 Financing – 700 FICO
- UP TO 65 Financing – 680 FICO
- Cash out reduce Financing by 5% (No Limit on cash out)
- PRIMARY HOME
- 1-4 Unit, Condo, Coop
- Up to 3,000,000
- 1 Month Recent Bank statement or Qualified Checking Account
(Remainder Downpayment, Closing costs, 6 months Reserves)
- Second or Vacation Home
- 60 LTV
In this particular no income program, both income and employment* are NOT required, perfect for those individuals that either don’t have employment or don’t have the income to qualify for a conventional loan. This loan is eligible for purchases, refinances and cash-out refinances as well.
* Due to Covid 19 income is not verified but employment is.