NINA stands for No Income, No Assets and means that a borrower can qualify for a loan without present documentation of either income or assets.

Sometimes NINA is reffered to as a NO DOC type of loan. However some NINA programs will still verify employment. A true NO DOC loan will not verify employment.

NINA (No Income No Asset) type loans are good for many different situations. If you are recently self-employed and are unable to get a traditional mortgage loan because you don't have a 2 year history of being self-employed you may qualify for a NINA loan and not have to state where you work, what you do, how much you make, or how much money you have "stashed away" anywhere. If you receive income from other sources that you would rather not disclose or they may not be acceptable to an underwriter you may want to apply for a NINA loan. This way you do not have to disclose any income or asset information that you don't want to. Consult a mortgage professional to see if you would qualify for this type of mortgage financing.