For many creditworthy borrowers, traditional mortgage requirements can act as unnecessary obstacles. Business owners, retirees, gig workers, and others with strong financial profiles often find themselves locked out of home financing—not because of risk, but because of outdated documentation standards.

The Community Mortgage* program by Change Wholesale is designed to address this exact challenge. It’s an innovative lending solution that reintroduces common-sense underwriting to support a more inclusive borrower base.

Diving Deeper into the Community Mortgage Program

Change Wholesale’s Community Mortgage program is a streamlined lending solution that eliminates the need for income documentation and employment verification - offering a path forward for creditworthy borrowers who may not qualify under traditional guidelines. Instead of reviewing tax returns or pay stubs, this program bases approval on three core metrics: FICO score, liquid reserves, and loan-to-value—the share of the home’s price being financed.

Designed for primary residences, it allows up to 80% loan-to-value and supports loan amounts up to $2 million with as little as six months of reserves. For brokers and lenders, it opens doors to a broader base of clients—especially self-employed individuals, retirees, and high-net-worth borrowers with complex or unconventional financial profiles. With faster qualification and fewer documentation hurdles, Community Mortgage helps close more loans efficiently and responsibly.

The Role of Community Wholesale in Mortgage Innovation 

As the country’s leading non-QM (Non-Qualified Mortgage) lender, Change Wholesale created the Community Mortgage as part of its broader mission-driven effort to remove friction from the loan process for underserved borrowers.

What Is Change’s Community Mortgage Program? 

With more than $25 billion in funded loans, 75,000+ borrowers served, and a mission-driven focus on equity, Change Wholesale empowers brokers and borrowers with flexible, real-world lending solutions.

Programs like Community Mortgage exemplify this mission by helping qualified borrowers who may not fit conventional molds but who meet reasonable credit and equity standards.

Streamlined Process, Reliable Results

For brokers and borrowers alike, Change Wholesale Community Mortgage is refreshingly straightforward:

Three Core Qualifications

  • Loan-to-Value (LTV) must be ≤ 80%
  • FICO Score must be ≥ 680
  • Reserves must meet or exceed 6 months

When these criteria are met, borrowers are not required to provide income or employment documentation on the application. The result: faster underwriting and greater certainty in closing timelines.

How Community Mortgage Compares to Other Non-QM Options

The Community Mortgage stands alongside a broader portfolio of Non-QM products from Change Wholesale. Each product serves a distinct borrower need—but all share a mission of flexible, fair access.

Complementary Loan Options

  • Alt-Doc Loans: Bank statement and asset-based options for self-employed borrowers
  • Investor DSCR Loans: No personal income documentation required—ideal for real estate investors
  • Foreign National Loans: Flexible options for non-U.S. residents purchasing in the U.S.
  • Closed-End Second Mortgages: Access equity without refinancing your first mortgage

These products provide brokers with the tools to serve a wider range of clients—especially those underserved by agency lending.

Explore more options in our full suite of loan products.

Why This Program Matters

Housing affordability remains a national concern, and too often, access to credit is withheld from borrowers who pose low actual risk. Traditional underwriting continues to sideline capable homeowners simply due to outdated verification methods.

The Community Mortgage offers a data-driven, responsible solution that:

  • Enables qualified borrowers to access home financing
  • Allows brokers to deliver high-impact results for clients
  • Enhances lending equity in today’s evolving economy
  • Aligns with the mission of CDFIs and impact-driven lenders

Getting Started with Community Mortgage 

Whether you're a mortgage broker, borrower, or lender partner, the Community Mortgage program offers a clear path forward for closing more loans, faster—and reaching the clients others are forced to turn away.

Learn more about how this product fits within your pipeline by exploring the full guidelines at Change Wholesale.

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Frequently Asked Questions 

What is a Community Mortgage?

A Community Mortgage is a loan that doesn’t require income or employment documentation on the application, making it ideal for creditworthy borrowers with non-traditional income.

What are the Community Mortgage program requirements?

Borrowers must have a minimum 680 FICO score, up to 80% LTV, at least six months of reserves, and the property must be a primary residence.

How does Community Mortgage support underserved borrowers?

Community Mortgage removes barriers by eliminating outdated documentation standards, helping qualified borrowers gain access to responsible homeownership opportunities.

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*The Community Mortgage loan program is not available in DC, MD, ME, NV, PA, WA, or WV. CO: All loan transactions require fully executed CO LO Reasonable Inquiry Attestation and HUD Counseling Certification from the Colorado Housing Assistance Corporation. IL: Allowed provided payment is based on fully indexed rate. TX 50(a)(6) not permitted.

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