New home financing option with unique income profiles
Find out more now...
Our Community Mortgage Program is the perfect solution for..
Buyers with no income documentation
Retired / Unemployed / Investors
Irregular bonus/ commissioned pay structure
Gig economy workers, freelancers, etc.
Multiple income sources and / or unemployed.
Excessive
debt-to-income
ratios
Streamline Community Mortgage Highlights
Streamline eligible = Income docs not required
Owner occupied, 2nd-home, single family, 1-4 units, condos
Loan amounts up to $2MM
Interest-only payment options
No prepayment penalty
| 'Ability to Repay' Requirement | Streamline Community Mortgage | Other Lenders |
|---|---|---|
| Income Documentation | Not Required | Required |
| Income Calculated | Not Required | Required |
| Debt Calculated | Not Required | Required |
| Active Employment | Not Required | Required |
| Employment History | Not Required | Required |
| Occupancy | Primary Residence & 2nd Home | Investment Only |
CHM Community Mortgage
Streamline Community MortgageA new way to look at mortgage qualifying
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Offer of credit is subject to credit approval. Credit and collateral are subject to approval. Terms and conditions apply.Commerce Home Mortgage, LLC, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150083; NMLS ID #1839. Main address: 3130 Crow Canyon Place, Suite 400, San Ramon, CA 94583. CHM is a registered trade name of Commerce Home Mortgage, LLC.For State specific licensing, www.commercehomemortgage.com/ compliance/licensing. To verify our state licenses, please visitwww.nmlsconsumeraccess.com. Commerce Home Mortgage is regulatory certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI), whose mission is to provide financial services to underserved borrowers and communities. CFPB rules require mortgage lenders to adhere to the Ability to Repay (ATR) requirements. Commerce, exempt from the ATR requirements based on our certification as a CDFI, is uniquely positioned to develop mortgage products that addresses this significant segment of borrowers that are today left underbanked due to current regulatory restrictions.