What is the No Job No Income？
An Ideal Product for Primary Residence without a Job!
Available in CA, IL and HI.
No Job No Income Program Highlights
3/6 ARM (5/6 ARM rate +0.125)
1) Max. Loan Amount $3.5M;
2) Max. LTV 65%;
3) Min. FICO 700;
4) No job and income needed;
5) No prepayment penalty.
Most recent 1 Months Bank Statement required.
12 Months P&I Reserve (must be deposited into AAA-designated TCD account prior to closing).
50% of Down Payment Can be Gifted (for primary homes)
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 |
