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No Income Verification Second Mortgage
Nationwide offers NIV second mortgages with low rates for borrowers who would rather not document their income. NIV stands for "No Income Verification." This is a very popular 2nd mortgage program for self-employed borrowers seeking cash out. Most lenders will require some equity on no income mortgages to mitigate the risks of default.
Get a quick quote from our experienced loan officers, who specialize in home equity transactions. If you are considering cashing in on the increased equity you have earned with the real estate appreciation, then it is well worth your time to speak with one of our home equity specialists.
By refinancing your current debt with a new second mortgage you could save a significant amount of cash over time. No income mortgage programs can be complicated, so discuss your eligibility with your loan officer before making plans. |
We have helped countless self-employed homeowners get cash out with a 2nd mortgage that requires "No Income Verification". |
Second Mortgage Program - NIV |
2nd Loan Purpose |
Debt Consolidation Home Improvement Cash Out |
Primary Residence, Owner Occupied
No Income Documentation
Single Family Residence 1-4 unit Condo unlimited stories |
Credit Score |
Maximum Loan
Amount |
CLTV |
DTI |
(720+) |
$100,000 |
100% |
50% |
$300,000 |
100% |
50% |
| $500,000 |
80% |
45% |
| $1,000,000 |
70% |
45% |
| (680-719) |
$100,000 |
100% |
55% |
| $300,000 |
100% |
50% |
| $500,000 |
80% |
45% |
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