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Tag: 360 Mortgage Group

360 Mortgage Group Launches No Income No Asset Pilot Program
Real Estate News

360 Mortgage Group Launches No Income No Asset Pilot Program

  AUSTIN, TEXAS/ APRIL 16, 2019 (STL.News) Privately-owned mortgage banking firm, 360 Mortgage Group, LLC (“360 Mortgage”), announced its exclusive launch of the Agency NINA pilot program. This program is a no income, no asset required product for homeowners. The Agency NINA allows for LTVs (loan to value) of up to 80% and FICO scores as low as 620. 360 Mortgage has received approval to issue up to $1 billion of new production under this new pilot program. Once the $1 billion mark is met, the company will evaluate performance to determine if additional occupancy types will be permitted. This initial phase is designed for non-owner-occupied investment properties. The idea behind this product is to allow a more lenient option for investors to purchase, refinance or cash out of their p...