Community Mortgage
The Community Mortgage is a select participating-lender program for owner-occupied borrowers. Select participating owner-occupied programs may use alternative qualification methods. Final eligibility remains subject to the complete application, credit, assets, occupancy, property review and all applicable program and underwriting requirements.
Credit, liquid reserves and loan-to-value are reviewed, but meeting them does not by itself mean a borrower qualifies, and they are not the only factors reviewed.
This program was built for the borrower the traditional mortgage system consistently overlooks — the business owner whose write-offs reduce taxable income on paper, the retiree with a lifetime of savings but no active paycheck, the high-net-worth investor whose financial complexity makes a standard underwriter uncomfortable.
- Credit score and history — requirements and pricing vary by program.
- Liquid reserves — requirements vary by program.
- Loan-to-value and equity — limits vary by program and transaction.
- Tax returns of any kind
- W-2s or pay stubs
- Income stated on the application
- Employment verification
- DTI calculation
This program may have a higher interest rate, more points, or more fees than other mortgage products requiring income or employment documentation. Other documentation, eligibility, and underwriting requirements apply.
