No Income Verification Loans
Up to 90% Financing Available
No Need to Document Income!
Do you need financing but your income is difficult to substantiate?
Or you just don’t want to be bothered with all the customary
Foxx Capital Funding, Inc. has the answer for you! A No-Income
Up to 90% financing is available for no- income verification
mortgages (NIV).with interest rates that are only slightly
higher than normal mortgages.
Of course, the more information that can be documented, the
lower the interest rate.and the credit history and property
value become less critical.
There are three types of NIV loans:
You fill out a complete application, stating your employment
and income. Your employment will be verified but no documentation
or verification of income is required.
Bankers usually look for a minimum of two to three years
of self-employment history, or employment history in the same
Your ability to afford the loan is based on the income stated
on the application. The claimed income must be in line with
The actual loan approval is based on your credit history,
verified liquid assets, and the value of the property. Verified
assets should be consistent with the income claimed (for example,
six months of the stated income in savings, prior to the closing).
In addition, many banks look for six months of post-closing
reserves (based on the monthly carrying costs of the property).
Similar to the Stated Income program except that no income
information is provided or verified.
No employment or income information is provided or verified.
Approval is based on down payment, credit history, and property
value. Some programs still require asset documentation, while
others do not.