What is the No Job No Income？
An Ideal Product for Primary Residence without a Job!
Available in CA and HI.
Expected turn time: 45 days around, all conditions must be uploaded at one time.
No Job No Income Program Highlights
3/6 ARM (or 5/6 ARM)
♦ No job and income needed
♦ All Occupancy Eligible
♦ Typically 12 Months P&I Reserves are Required (may vary by loan scenario)
♦ Max. 50% Down Payment Can be Gifted for All Purchase Transactions
♦ SFR, PUD, Condo and 2-4 Units
P&I Reserve Requirement
Foreign National or Cash-Out: 24 mos
All Others: 12 mos
| Loan Amount | P&I Reserve Requirement | TCD Term | |
| Foreign National | up to $3.5MM | 24 months | 25 months |
| Non-permanent Resident | 24 months | 25 months | |
| Cash-Out | 24 months | 25 months | |
| All Others | 12 months | 13 months |
