Welcome to the Home of the Community Mortgage
Welcome to the Home of the Community Mortgage
As a mortgage broker who has worked with several wholesale lenders, I can confidently say that Change Wholesale and their team, specifically Chris Mobasser, has been exceptional to work with.
From the initial application process to the closing, Change has been extremely efficient, responsive, and professional. Chris has been extremely knowledgeable about products and has always been available to answer any questions. His attention to detail and willingness to go above and beyond for our clients has made him a valuable partner for our business.
I would highly recommend Change to any mortgage broker looking for a reliable and professional partner in the industry. Chris has been an instrumental part of our success in working with Change, and we look forward to continuing our partnership in the future.
Fabian Ojeda, Owner/Realtor at Virtual Lending
With volatile income from her business, Luz couldn’t provide the income documentation necessary to qualify for a traditional mortgage. Her monthly and annual income volatility was exacerbated by the fact that her business is an “all-cash” business; her taxable income did not necessarily reflect her cash flow and ability to make monthly mortgage payments. With almost four years of reserves after close, a 30% down payment, and a prime credit score of 763, this savvy business owner qualified for a Community Mortgage to buy her new home.
Luz | Small-Business Owner with Irregular Income
Change Wholesale is undeniably the best wholesale lender that I’ve worked with.
Chris Mobasser & his team (Sarah Martinez & Chris Heston), have created such a solid foundation for what it means to work in the broker world. They have outstanding communication, they get the job done, and are true to their word. I am grateful to have connected with them as they have allowed me to grow my business in a market where many struggle. I wholeheartedly recommend them as your go to lender moving forward.
Brandon T. | West Cap
As a real estate professional, Juan can generate tax losses from items such as accelerated depreciation and other tax incentives; thus, his taxable income has been negative in recent periods and/or below his GAAP income. Due to his tax-efficient business, he has not been able to get a traditional bank loan and had taken out a 10% hard money loan to acquire his new house. With a 50% down payment, ability to pay the 10% interest rate on the hard money loan, and history of successful homeownership, Juan and Mondie received a Community Mortgage loan that enabled them to upgrade their home while reducing their overall interest expense.
Juan & Mondi | Looking to Tap Trapped Home Equity
Chris and his team have been very helpful in guiding us in navigating the available products and guidelines at Change.
They are always quick to respond via email or phone call and can answer anything we throw their way.
Having access to programs that do not exist with our lenders is very helpful for us to continue to help our customers who otherwise would not be eligible for traditional products.
We are excited to continue to work and grow with them for years to come!
John M. | Moretgage
A renter for 10 years, Jian had recently sold his established business and was kept on as a consultant with significant compensation. He was ready to fulfill his dream of buying a home with more than 30% down to put toward the purchase. Due to the fact that he was recently self-employed as a consultant – to his own former business – Jian was not able to qualify with traditional lenders due to his lack of a two-year history in his new job. Because of Jian’s prime credit score of 753, 30% down payment, and his lucrative consulting role with the business he had just sold, we were able to help him realize his dream of homeownership with a Community Mortgage.
Jian | Recently Self-employed Consultant
I have been working with Chris Mobasser and his account manager, Sarah Martinez, for over four years, and it has been nothing but excellent customer service and support. I have closed over 100 loans under their Community Mortgage program. This program has helped me to close files that were impossible anywhere else. Their customer service is not only great, but their rates are also satisfactory.
Gita V. | Precise Loan Processing
Because Cierra recently went back to work after a six-month hiatus, she wasn’t able to show the two consecutive years of employment history required to qualify for a traditional mortgage, according to the Ability to Repay (ATR) rules under Dodd Frank. With Cierra’s 58 months of reserves after closing, a 30% down payment for the new home, her prime credit score of 762, and her new job, we were able to provide Cierra with a Community Mortgage loan for her and her daughter’s new home.
Cierra | Recent Inheritance & Gap Employment History
Thank you very much for your services. Change is my favorite to work with.
Ryan L. | Truss Financial
Change Wholesale has a range of products as diverse as your borrowers to help you serve more people than your competitors. As a CDFI, we create our own portfolio of products and guidelines that are exempt from complex underwriting rules and regulatory restrictions. Instead, we make smart credit decisions and use leading-edge technology to increase the number of loans you can close.
Less hassle. More closings. That’s the Change Wholesale advantage.
Submit a Loan
Price Out a Scenario
Bank Statement Desk
Training Videos & Guides
How-to: Upload a Loan
This video demonstrates how to upload a new loan.
How-to: Lock a Loan
This video demonstrates how to lock a loan.
How-to: Request a Lock Extension
This video demonstrates how to request a lock extension.
How-to: Order an Appraisal
This video demonstrates how to order an appraisal.
How-to: Submit a COC
This video demonstrates how to submit a COC.
How-to: Request a CD
This video demonstrates how to request a CD.
How-to: Request Adverse Action
This video demonstrates how to request adverse action.
How-to: Use Quick Pricer
This video demonstrates how to use the quick pricer.
Marketing Tools & Resources
Change In the Media
Market Thoughts & Industry News
Take advantage of all Change Wholesale has to offer.