Property Ownership
What is a 'no income, no asset' (NINA) loan and why is it no longer widely available in Nevada?
AA loan for buyers with no income
BA loan requiring no documentation of income or assets; these were banned or severely restricted post-2008 financial crisis due to contributing to mortgage fraud✓ Correct
CA state-subsidized loan for low-income Nevada buyers
DA VA loan requiring no income verification
Explanation
NINA loans required no verification of income or assets — lenders simply trusted borrowers' stated figures. They were widely abused during Nevada's pre-2008 housing boom, contributing to the mortgage crisis.
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