Updated almost 5 years ago on .
TheNONI is the best investor/non-owner loan in America.
TheNONI is the best investor/non-owner loan in America. If you have any borrowers looking to refinance or purchase a rental property please make me your first call!
NONI—why is it the best non-owner loan in America (now with no TRID)
Non-owner. No income.
No DTI.
No reserves required
Par rate at 5.75% on a 5/1 ARM with a 680 FICO. No adds for units, cash-out , condo or IO
100% Gift funds allowed. This is huge.
We can close in 7-10 days
No income docs required at all
30 year fixed, 5/1 and 5/1 IO
FICOS as low as 620
1X30X12 allowed
No maximum # of finance properties
No impounds required
No limit on the # of loans to the same borrower
Cash proceeds up to $2m
Unlimited Financed properties allowed
Vacant Subject properties allow on refinances with a good LOE.
Most aggressive DSCR computation in industry---on an ARM qualify at start payment. On IO qualify on the IO payment. Most others use fully amortized payment
NO TRID rules
Www.muevoinvestments.com