Sisa Loans

No Ratio Loans A no ratio loan is a type of loan that does not require a borrower to present his or her debt to income ratio to a lender. A debt to income ratio shows the percentage of a person’s income that goes towards paying debts, monthly. No ratio loans are perfect for people who have a larger than normal amount of debt.

SISA loans are one loan in a category of products called Alt-A. SISA loans are also known as no income-no asset (NINA) loans and liar loans. Loosened lending requirements allowed the SISA loan to. This loan program is an adjustable rate mortgage with added flexibility of making one of several possible payments on your mortgage every month, in order to better manage your monthly cash flow..

Sisa Loans – La-canada-flintridge-la-crescenta-real-estate – – The second type of loan available to a person is a Stated Income Stated Asset or sisa loan. sisa loans usually fall under the Alt-A category and it may have a higher interest rate than traditional lenders.

Option ARM loans have four major types of payment options:.. Low doc, Stated Income, No Income\No Asset (NINA), stated income\stated assets (SISA).

The Halal Residential loan programs generally available in USA or Canada are. for No documentation (NINA or NINJA loans) or Stated income (SISA).

Steel Railing With Glass Designs For Balcony SISA loans are one loan in a category of products called Alt-A. SISA loans are also known as no income-no asset (NINA) loans and liar loans. Loosened lending requirements allowed the SISA loan to.

How Do You Qualify For A Mortgage Loan FHA loans are the easiest type of real estate mortgage loan to qualify for. The fha loan requirement guidelines for loan qualification are the most flexible of all mortgage loans that require less than 5% down payment. Basic FHA Loan Requirements for 2015. Two Years of steady employment, preferably with same employer.

About us. Fremont Bank is one of the oldest locally owned banks in the San Francisco Bay Area. It was founded in 1964 and is based in Fremont, California.

No documentation and SISA loans usually have a higher interest rate than a normal W2 loan. Again, this makes sense because these loans require little to no verification from the bank. However, they are still considered less risky for the bank than a subprime loan, which means that the interest rate can be lower for low documentation or SISA loan.