Go Bigger with NONI58
for 5-8 Unit Investment Residential Properties and 2-8 Unit Mixed-Use Investment Properties
NONI58 (5-8 Unit) Highlights
- Loan amounts up to $2MM
- 700 minimum FICO
- LTV’s up to max 75%
- Cash in hand up to $1MM
- As low as 36 months seasoning on BK/FC/SS/DIL
- Qualify off ITIA payment when I/O is selected
- No tradeline requirements for Borrowers with all 3 credit scores reporting on credit
- 6 months reserves
- Only 30 day asset verification required.
- 0 x 30 x 12 Housing History
NONI58 (2-8 Unit Mixed-Use) Highlights
- Loan amounts up to $2MM
- 700 minimum FICO
- Purchases to 75% LTV
- Minimum loan amount of $400k
- 2-8 units allowed
- Experienced investors only
- Cash-out to 65%
- Cash in hand to $1.0M
- General Purpose Commercial or Narrative appraisal required
- Borrower can be the business occupant
NONI58+ (5-8 Units) Highlights
- 5-8 Unit Residential
- Loan Amount up to $3MM
- 720 minimum FICO
- Minimum Loan Amount of $250K
- Max 75% LTV on Purchase and R/T
- Max 70% LTV on Cashout
- Min DSCR 1.00
- 0x30x24 housing /mortgage history
- 24 month credit event seasoning required
- Foreign Nationals Allowed
- No vacation/ short term rentals allowed
- No rural properties
- 2 acres maximum
- Gift Funds allowed
