The NONI (no-nee) loan is a simple, innovative business purpose loan available from HomeFi. NONI stands for non-occupant, no-income. The loan is qualified based on the cash flow the property produces and not the borrower’s income. This is what’s known as the debt-service coverage ratio, or DSCR.

Program Highlights

  • No Income / No Reserves / No Employment on 1003
  • Gift Funds Allowed
  • $3,500,000 Max Loan Amount
  • 80% Max LTV
  • 620 Minimum FICO
  • Qualification DSCR (debt service coverage ratio) ≥ 1.0
  • DSCR ≤ 1.0 Option Available (Near NONI)
  • Close in an LLC
  • TRID Exempt

How to Qualify

Take your gross rents based off the lesser of market rents or lease agreement and divide it by the PITIA (principal, interest, taxes, insurance and association dues).

Request More Info

Call (850) 424-7277 or fill out the form below to request more info.

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