NONI – Non Owner No Income Loans
What is a NONI Loan? The NONI is a simple, innovative business purpose loan program available at theLender. It is designed for business purposes for 1-4 unit commercial mortgage loans and is the result of four years and over $5 billion in NonQM submission research and development. We’re here to help you add this incredible product to your business line.

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 660 fico)
  • No Rate Or Pricing Adjustments
    on Cash Out with LTV ≤ 70%, Condo, Units
  • NOW AVAILABLE – 40 Year Fully Amortized Term

NONI Purchase & R/T

  • Going to 80% LTV on Purchase
  • Going to 75% LTV on R/T Transactions (min 660)
  • NONI Cash Out

  • Going to 75% LTV on Cash out Transactions (min 660)
  • Across the Board Expansion

  • Increased max loans amounts across the board (Max $3.5mm)
  • Now allowing 1x30x12
  • Short Term Rental – NOW only need 1 year experience
  • Business funds now OK with 25% ownership

theNONI Allows Foreign Nationals

  • Foreign National Matrix
  • Investment Properties only
  • 75% MAX LTV – Purchase
  • 65% MAX LTV – Rate and Term Refi
  • 65% MAX LTV – Cash out Refi
  • Up to $1,500,000 loan amounts
  • No Income, No Job, No US Credit Required
  • First Time Home Buyers Allowed, First Time Investors Allowed
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For Borrowers with FICO ≥ 680 and LTV ≤ 65%

  • NONI65 Matrix
  • No Min Tradeline requirements (MTG Only credit report with score allowed)
  • No STR experience required to use STR rental income
  • No Property ownership required (FTHB Allowed)
  • No Restrictions on Nursing/Assisted Living homes
  • No Reserves required
  • Credit Event Seasoning only 24 months
  • No Restrictions on Unleased Property
  • Housing lates up to 0x60x12
  • No restrictions on gift funds
  • Condotels allowed
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    If you have more questions or need more information regarding theNONI mortgage loan, please email us at: TeachMeToNONI@theLender.com