No Employment No Income Program

The Community Mortgage is a specialized loan program designed for prime borrowers who require a simplified, common-sense approach to underwriting. By removing traditional documentation barriers, this program focuses on a holistic view of the borrower’s financial strength.

Core Program Features and Benefits

• Streamlined Documentation: The application does not require employment or income to be stated, and traditional income documentation is not required.

• High Loan Limits: Borrowers can access loan amounts up to $2.5 million.

• Flexible Equity Use: Cash-out proceeds from the loan can be used to meet reserve requirements.

• Favorable Refinancing: Debt consolidation is treated as a rate/term refinance rather than a cash-out transaction.

• Competitive Leverage: Borrowers can achieve a Loan-to-Value (LTV) up to 80% for both purchases and rate-and-term refinances.

• Accessible Credit Standards: Qualification begins with FICO scores as low as 640.

• Lower Liquidity Barriers: Reserve requirements are as low as 6 months, with asset seasoning required for only 30 days.

• Occupancy Focus: This program is exclusively available for primary residences.

This approach is specifically engineered to eliminate the “burdensome paperwork” that often prevents creditworthy individuals - such as business owners or those with complex asset structures - from securing traditional financing.