Community Mortgage Program
The Community Mortgage Program offers financing for a Florida primary residence without income documentation. Employment and income are not stated on the application under the lender’s guidelines. Credit, assets, reserves and the property still require review—no income verification does not mean no documentation or automatic approval.
Get a Free Mortgage ConsultationNo income documentation required
Employment and income not stated on the application
Primary residence only
Loan amounts up to $2.5 million
Up to 80% loan-to-value (LTV) for purchases and rate-and-term refinances
Cash-out options available, subject to lender review
Discuss your primary-residence purchase or refinance with Quest Mortgage Services.
Complete the lender’s application under this program’s guidelines; employment and income are not stated.
Provide the non-income documents requested for credit, assets, reserves and property review.
Proceed through lender underwriting and closing if approved. Timing and terms depend on your transaction.
Eligibility
FICO beginning at 640, subject to other lender requirements
Assets seasoned for 30 days
Reserves as low as 6 months; actual requirements vary
Primary residence only—not an investment-property or second-home program
Purchase and rate-and-term LTV up to 80%; actual eligibility depends on lender review
Credit, assets, reserves and property must meet lender underwriting requirements
The Process
Review your goals and primary-residence transaction.
Submit the application and requested non-income documents.
The lender reviews credit, assets, reserves and the property.
If approved, review final terms and complete closing requirements.
FAQ
No. The Community Mortgage flyer states that income documentation is not required and employment and income are not stated on the application. Credit, assets, reserves and property still require review, and other documents may be required. Approval is not guaranteed.
The lender describes this program as an option for borrowers with fluctuating income histories or difficulty providing extensive earnings documentation. It is for primary residences only, and each borrower must meet the lender’s requirements.
The supplied Community Mortgage guidelines advertise FICO beginning at 640. Meeting that score alone does not establish eligibility; credit, assets, reserves and property requirements also apply.
No. The Community Mortgage Program is for primary residences only. Ask Quest about separate investor financing options for rental properties.
The flyer advertises loans up to $2.5 million and LTV up to 80% for purchase and rate-and-term refinancing. Cash-out options are available, but the flyer does not specify a cash-out LTV limit. These are program guidelines, not a promise that every borrower qualifies for the maximum.
The flyer lists 30-day asset seasoning and reserves as low as 6 months. Your required reserves and acceptable assets must be confirmed by the lender for your transaction.
Source: the supplied lender Community Mortgage Program flyer, reference 032326. View the lender’s original product PDF.
Advertised maximums and minimums are conditional program guidelines and may not be available together for every borrower. This information is not a loan commitment or guarantee of approval. All loans are subject to lender underwriting, property review, applicable requirements and program availability. Confirm current guidelines and your specific terms with Quest before applying.
The lender’s flyer states the program is not available in DC, MD, ME, NV, PA, WA, WV. Colorado: all loan transactions require a fully executed CO LO Reasonable Inquiry Attestation and HUD Counseling Certification from the Colorado Housing Assistance Corporation. Illinois: allowed provided payment is based on the fully indexed rate. Texas 50(a)(6) not permitted.
Quest Mortgage Services is a mortgage broker, not the lender. Company NMLS #2508429. Frank Herrera NMLS #227613. Equal Housing Opportunity.
Get In Touch
Have a question about buying, refinancing, or which program fits your situation? Reach out for a free consultation — Frank responds personally.
Phone
(305) 299-6995Office
3105 NW 107th Ave, Suite 400-H5, Miami, FL 33172