Community Mortgage*
The Industry’s Most Innovative Product.
A Return to Common Sense Underwriting
The Community Mortgage is a return to common sense underwriting. Unique in the marketplace, this innovative product increases prime borrowers’ access to lending by eliminating complex underwriting rules and burdensome paperwork that make underwriters feel good but just aren’t necessary to prove creditworthiness.
America’s Largest Non-QM Lender
Program Highlights
- Employment not stated on the application
- Income not stated on the application
- Income documentation not required
- Loan amounts up to $2 million
- Cash-out can be used as reserves **
- Debt consolidation = rate/term
- LTV up to 75% purchase/rate-and-term
- FICO beginning at 680
- Reserves as low as 6 months
- Asset seasoning 30 days
- Primary residence only
*The Community Mortgage loan program is not available in DC, MD, ME, NV, PA, WA, or WV. CO: All loan transactions require fully executed CO LO Reasonable Inquiry Attestation and HUD Counseling Certification from the Colorado Housing Assistance Corporation. IL: Allowed provided payment is based on fully indexed rate. TX 50(a)(6) not permitted.
**Max LTV is ≤ 60% to use cash-out for reserves.
