NINA Loans – Stated Income – NINA loans are making a comeback and are now available through certain lenders. NINA stands for No Income No Asset verification and the NINA loan has been popular with small business owners before the lending industry went through its most recent financial crisis.
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Do You Qualify for a Nina Loan? – Financial Web – finweb.com – The term NINA loan stands for "no income, no asset" loan. This is a type of loan that is given without verification of income or asset verification. Here are a few things to consider about whether you qualify for a NINA loan.
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NINA Loan – Mortgagefit – Actually nina loan is for those who don’t have proper job status are involved in some temporary job. They also don’t have income proof and asset details for loan approval. But anyway, they are capable of paying loan installments. Some special lenders approve these loans, but in case of no income no asset loan, interest rate is comparatively high.
What is a NINJA loan? – loans.org – A ninja loan is a subprime mortgage loan offered to borrowers without proof of income, employment, or assets. The word ninja is a nickname for a loan product available during the subprime market of the early 2000’s. Ninja loans are another name for NINA which stands for no income, no assets, and was coined in a book by Charles Morris.