Primary or Vacation Home Financing with no DTI Restriction

[Ramin Lavi]

Hi BiggerPockets community, 

An agent I met locally told me they found a buyer through BP and I thought what a great way to provide guidance and introduce our products to an active market.  If anybody has questions about financing primary or vacation homes utilizing our Community Mortgage which does not take into account any income/employment or debt you can reach out to me on here.  In short, you should expect the interest rate to be 2% higher than a conforming loan as long as you meet the following requirements:

1. Primary residence/2nd home with a minimum 20% down

2. 12 months reserves

3. Fico score 740+ (lower Ficos allowed with higher down payments)

4. Must take a 60 minute online homeownership course with us

This is a great product to help borrowers get financing when others say no and there is no pre-payment penalty. 

NMLS 1053717
Change Mortgage Beverly Hills