Deon Ward

Becausehe 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 atwo-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 hadjust sold, we were able to help him realize his dream of homeownership with aCommunity Mortgage.

Jian | Recently Self-Employed Consultant

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Hassan is not paid in U.S. dollars and is employed by a foreign company. Foreign sourceincome is disqualified by other lenders, even for legal U.S. residents. As aForeign National, Hassan does not file U.S. tax returns, so his incomedocumentation wouldn’t suffice for a traditional mortgage lender. Hassan’s 770prime credit score, 48% LTV on the new home purchase, and proven history ofpaying his mortgage as agreed meant we could qualify Hassan with a Community Mortgage, while eliminating the hassle and closing delays he experienced withhis previous lender.

Hassan | Foreign National Borrower

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Because Cierra recently went back to work after a six-month hiatus, she wasn’t able toshow the two consecutive years of employment history required to qualify for atraditional mortgage. 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 herdaughter’s new home.

Cierra | Recent Inheritance & Gap Employment History

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As a realestate professional, Juan can generate tax losses from items such asaccelerated depreciation and other tax incentives; thus, his taxable income hasbeen negative in recent periods and/or below his GAAP income. Due to histax-efficient business, he has not been able to get a traditional bank loan andhad taken out a 10% hard money loan to acquire his new house. With a 50% downpayment, ability to pay the 10% interest rate on the hard money loan, andhistory of successful homeownership, Juan and Mondie received a CommunityMortgage loan that enabled them to upgrade their home while reducing theiroverall interest expense.

Juan& Mondi | Looking to Tap Trapped Home Equity

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Withvolatile income from her business, Luz couldn’t provide the incomedocumentation necessary to qualify for a traditional mortgage. Her monthly andannual income volatility was exacerbated by the fact that her business is an"all-cash" business; her taxable income did not necessarily reflecther cash flow and ability to make monthly mortgage payments. With almost fouryears of reserves after close, a 30% down payment, and a prime credit score of763, this savvy business owner qualified for a Community Mortgage to buy hernew home.

Luz | Small-Business Owner with Irregular Income

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