We have big news with a new loan program to bring to you! After recording this episode, I received the full details of the loan. Please read below for updated information!
Community Mortgage was designed to fill the void and address the issues limiting prime, credit worthy borrowers’ access to credit through common sense underwriting. This exclusive mortgage product is unique in the marketplace. This exclusive mortgage product is unique in the marketplace.
- Primary Residence and Second Homes
- Credit Underwriting based on loan to value, fico score, and liquidity
- Income Documentation Not Required
- Income NOT STATED on application
- Debt to income ratio not calculated
- Asset Seasoning – 30 days
- Loan Amounts up to $3M
- Up to 80% loan to value
- Loan to value for cash out refinance up to 70%
- Fico Score beginning at 640
- Reserves needed – starting at 12 months based on loan size
For more information and to get a scenario customized to you, book your free phone consultation today, BOOK NOW
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Debbie Marcoux is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, IL-031.0058339, NC, NV-57237, MO, OR, TN-184373, TX, WA-MLO-237926