what is a nina loan

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Nina-loan dictionary definition | nina-loan defined – nina-loan definition: Noun (plural NINA loans) 1. (finance) A mortgage loan to a borrower with no verified or stated income or assets. 2. A mortgage loan to a borrower with no income or assets. Origin From a coding system for classifying loans to be se.

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No Income / No Asset (NINA) mortgages are a type of loan where the borrower does not have to disclose their income and assets to the lender.

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Definition: Acronym for No Income No Assets. Loans made without any supporting documentation for income or assets. Also see No docs.

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nina-loan definition: Noun (plural NINA loans) 1. (finance) A mortgage loan to a borrower with no verified or stated income or assets. 2. A mortgage loan to a borrower with no income or assets. Origin From a coding system for classifying loans to be se.

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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.

home loan without w2 Bankrate notes that no income verification loans may also be called stated income loans. A traditional home loan may not be available to self-employed or commission-based salary individuals because a traditional home loan is based on credit worthiness and at least two years of tax returns.

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