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

  • Up to 80% LTV
  • $3,500,000 Max Loan Amount
  • $2,000,000 Max Cash Out
  • Gift Funds Allowed
  • Credit score as low as 620
  • 3 Credit Tiers 680+, 640-679, & 620-639
  • No Rate Adjustments for cash-out, units, IO (interest only), or condo
  • Qualification DSCR ≥ 1.0
  • No Limit on Number of Financed Properties
  • 3 Year Seasoning Foreclosure, Short Sale, Loan Modification, Deed in Lieu & Bankruptcy
  • Fixed, ARM & Interest Only Options
  • No Reserves

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