No ratio loan (no employment no income on loan application!)

The dream of homeownership can feel out of reach for many, especially those whose financial picture doesn't fit neatly into the traditional mortgage box. Fluctuating income, gaps in documentation, or unique financial circumstances can create significant hurdles. But what if there was a mortgage solution designed for your unique situation?

That's where the Community Mortgage Program comes in. This innovative program offers a flexible path to homeownership, specifically designed to address the challenges faced by borrowers with less-than-traditional financial profiles.

Breaking Down the Barriers:

The Community Mortgage Program stands out by:

Simplifying Income Documentation: Unlike traditional loans that demand extensive financial history, this program doesn't require detailed income documentation. This means less paperwork and a smoother application process.
Accommodating Fluctuating Income: If your income varies from month to month, this program recognizes the realities of many modern work situations. This flexibility helps individuals who may be self-employed, freelancers, or in the gig economy.
High Loan Amounts: Secure financing of up to $2 million for your dream home.
Flexible LTV and Cash-out Options: Achieve up to 75% Loan-to-Value (LTV) for purchases and rate-and-term loans. Additionally, you can use cash-out as reserves, providing valuable flexibility for various expenses.
Minimal Reserves Required: Need less time saving for a down payment? The program only requires reserves as low as 6 months.
Lower FICO Score Threshold: A FICO score starting at 680 opens doors for borrowers who might be excluded from conventional loan programs.

Who is the Community Mortgage Program For?

This program is tailored for individuals who may have faced challenges with traditional mortgage applications due to:

Inconsistent income: Self-employed individuals, freelancers, or those with variable income sources.
Limited financial documentation: Borrowers who may not have extensive records or may have gaps in their financial history.
Desire for flexibility: Individuals who need a mortgage solution that adapts to their specific financial circumstances.

Important Considerations:

Geographic Restrictions: This program is not available in all states. Please refer to the program guidelines (see flyer) for a complete list of excluded areas.
State-Specific Requirements: Depending on your state, additional requirements may apply.

Take the Next Step:

If you've been struggling to qualify for a traditional mortgage, the Community Mortgage Program offers a fresh perspective. Contact Chris Heidt today to learn more about your eligibility and begin your journey towards homeownership:

Chris Heidt Mortgage Banker | NMLS# 38412 239.470.6310 chris.heidt@highlandmtg.com highlandmtg.com/chris-heidt