No income, verified assets (NIVA) Loans

Similar to any Non-QM mortgage program No income, verified assets (NIVA) mortgages are a type of loan where the borrower's assets are considered for collateral. Savings accounts, investment account statements, stocks, or a retirement account can be used for NIVA loans. If you have an unconventional income that can't be documented but have verified assets to make your monthly mortgage payments, you should get approved for a NIVA loan. NIVA mortgages are available for purchases, refinances and cash-out refinances.

Who can benefit from a no-income, verified assets (NIVA) loan?

• Retirees: If you have good amounts stored in investments and retirement accounts, you may benefit from a NIVA mortgage.
• People with inconsistent income: If you are an independent contractor, work on gigs, get paid in tips, or have your own business, a NIVA mortgage might be a good loan option for you.
• Investors: If you deal in shares and bonds, global commodities, or property, you may have an array of complex income streams. Often such income methods are hard to quantify and make it difficult to get a conventional loan. But with verified assets, NIVA might be the solution for you.

Highlights of our No income, verified assets (NIVA) loan program:

• NIVA loans help people get their dream house without showing proof of their earnings.
• The lender focuses on assets instead of your personal income.
• People with bad credit or non traditional incomes like gig workers, retirees or freelancers may qualify for these loans.
• 20% down payment
• UP TO 70 Financing
• 680 FICO score (minimum)
• Cash out reduce Financing by 5% (No Limit on cash out)
• Can be used for primary, second or vacation home
• Property types: 1-4 Unit, Condo, Coop

Our Non-QM NIVA loan program is meticulously designed to make the mortgage process smooth and provide a great alternative loan program for people who want to avail for a mortgage without proof of income. Premium Mortgage Demo can help you get the best deal as per your unique scenario.

Call us at 877 123 XXXX today or click the button below to request a free consultation with one of our mortgage advisors.

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