Nina-loan dictionary definition | nina-loan defined – nina-loan definition: noun (plural nina loans) 1. (finance) A mortgage loan to a borrower with no verified or stated income or assets. 2. A mortgage loan to a borrower with no income or assets. Origin From a coding system for classifying loans to be se.
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SIVA program – MortgageDepot.com – Our SIVA (stated income verified assets) program is designed for High Net Worth Highly Qualified borrowers, with 700 minimum credit score, Owner Occupied, and Second Home only. The program is designed for self-employed borrowers only and it is a Jumbo loan program. Minimum loan amount is $417,001 and we go up to $2 million dollars.
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NINA loan – Wiktionary – The NINA loan is the basis for the apocryphal "NINJA" loan that is often used as an example of excesses in the boom-era mortgage market. NINJA supposedly stood for "no-income, no job, no assets," but no such loan ever existed. Also, the NINA code, which did exist, did not signify a loan to a borrower with no income.
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No Income-No Assets Home Equity Loan (NINA) – No Income-No Assets Home Equity Loan (NINA) nationwide mortgage loans offers reduced documentation home equity loans and 2nd mortgages with no income and no assets required for qualified borrowers. Self-employed borrowers, independent contractors and many sales persons need a reduced.
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