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 documentation second mortgage because gathering the paper-work that underwriters require would be a nightmare.

Many of these types of homeowners have grown accustomed to no income verified home financing because it streamlines the loan process for them at a competitive rate of interest.

Stated income Home equity loans have become very popular for people who commission driven borrowers whose income can vary significantly from month to month. Credit scores become the most important factor for underwriting these types of loans.

Typically the interest rates are slightly higher than standard full documentation home loans. Bankers and lenders argue that "Stated-Income - Stated Asset loans carry a higher risk factor and justify the higher interest rate and fees."

3 Types of Reduced Doc Equity Loans:

State Income/ Verified Asset home equity loans

No Income / No Asset Home equity line or loan

No Income Verified - Bank Statement second mortgages


Speak with a loan officer live

 

Preferred Loan Type
Property Type
Property Value
Credit Rating

More Featured Home Equity Loan Programs:
Loan Behind Neg Am | Compare Home Equity Loans | Poor Credit | Non-Prime | Loans After Bankruptcy | Manufactured Home Loans | Cash Out Home Equity Loans | Fixed Rate Home Equity Loans | Mobile Home Equity | Bad Credit Home Equity | Loan Programs | Home Lines of Credit | Equity Loans for Debt Consolidation | Home Equity Loans for First time Homebuyers | Cash Out Home Equity loans for Investing | No Income-No Asset Home Equity Loan | Home Equity Credit Lines

Premium Equity Loan Products:
125 Home Equity Loans | Home Improvement | Home Equity Refinance | Prime Credit Lines | Fast Cash Home Equity Loans | Stated Income Home Equity Loans | Low Closing Cost | Discount Home Equity Loans | Low Interest | Debt Consolidation Home Equity Loans
Mortgage Pages with Bad Credit Options:
Bad Credit Mortgage | Bad Credit Refinance | Home Refinancing with Bad Credit | Mortgage Refinance for Bad Credit | Poor Credit Home Loans | Bad Credit Home Equity Loans | Home Equity Line with Bad Credit | Home Loan for Bad Credit
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2012 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans.
All rights reserved.