NONI – Non Owner No Income

What is a NONI Loan? The NONI is a simple, innovative business purpose loan program available at Hometown Equity Mortgage. It is designed for business purposes for 1-4 unit commercial mortgage loans and is the result of four years and over $5 billion in NonQM submission research and development. We’re here to help you add this incredible product to your business line.

Program Highlights

  • As little as 0 months reserves (Use property
    cashflow to qualify)
  • FICOS As Low As 620
  • No LTV Restrictions on 2-4 units
  • 40 Year Fully Amortized Term
  • Rural Properties – Allowed max 2 acres
  • 100% gift funds allowed if borrower can verify they have 5% of their own funds
  • Recently listed properties allowed with min prepay of 1 yr.
  • Use Highest mid score for any borrower on the loan for both qualifying and pricing
  • Living Rent Free Allowed if you are an Experience Investor
  • Use actual rents received with 2 months documentation dated prior to application date
  • STR’s allowed up to 75% LTV

Foreign Nationals

  • Foreign National Matrix
  • Investment Properties only
  • 75% MAX LTV – Purchase
  • 65% MAX LTV – Rate and Term Refi
  • 65% MAX LTV – Cash out Refi
  • Up to $1,500,000 loan amounts
  • No Income, No Job, No US Credit Required
  • First Time Home Buyers Allowed, First Time
    Investors Allowed
  • Only 1 credit/bank reference required
  • Assets held in Foreign Account allowed for reserves*

                           *See guidelines for restrictions

NONI Purchase & R/T

  • Going to 80% LTV on Purchase (min 700)
  • Going to 75% LTV on Purchase (min 660+)
  • Going to 75% LTV on R/T Transactions (min 660+)

NONI Cash Out

  • Going to 75% LTV on Cash Out Transactions (min 700)
  • Going to 70% LTV on Cash Out Transactions (min 660+)


  • NONI65 Matrix
  • No Min Tradeline requirements (MTG Only credit report with score allowed) No STR experience required to use STR rental income
  • No Restrictions on Nursing/Assisted Living homes
  • No Reserves required
  • Credit Event Seasoning only 24 months
  • No Restrictions on Unleased Property
  • Housing lates up to 0x60x12
  • No restrictions on gift funds
  • Condotels allowed