I wanted to share my experience with Mike and his team at Change Wholesale. Mike always makes himself available to answer calls, whether it’s a scenario question at the beginning or getting involved to help move a transaction through the process towards closing. The customer service provided is second to none. I really appreciate Mike and his team at Change.

Joel W. | Academy Mortgage Corporation

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

I was introduced to Change Wholesale (and the Community Mortgage loan product) about a year ago, and what an amazing year it has been since. Not only is Michael Leusner extremely helpful and accessible, but the operations team continuously exceeds the expectations of my clients. The products that they offer provide a new and innovative set of tools for me to help my borrowers.

Mike K. | UMortgage

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

The biggest compliment we can give to Mike is that he is responsive throughout the entire process. So much of your success as a broker, especially with non-QM, depends on the quality and responsiveness of your AE. We have been fortunate to have Mike who always gets back to you (either good or bad news). You even end up on line 1 from time to time!

Greg B. | FBC Mortgage

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

Hassan | Foreign National Borrower

Change Wholesale has taken the non-QM market to the next level. From the products to the website to the operations, all is effortless.

Jeni P. | FBC Mortgage

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

Working with Change has set a new bar for me. The issue is no other investor seems to get there. Now I’m spoiled. Wow! Some of these companies are absolute jokes. Thank you!

Juan | UMortgage