Non-Traditional / Portfolio Products
When you’re ready to buy a home but don’t meet conventional documentation requirements for a mortgage, Commerce Home Mortgage can help. We’ve developed mortgage options tailored to the needs of unique buyers.
Community Mortgage Program
Many homebuyers face obstacles with qualifying during the underwriting process. If your income history fluctuates or you’re unable to provide the lengthy earnings history required, qualifying for a conventional loan becomes a challenge. That’s why we created an alternative to traditional, more rigid loans. Our unique Community Mortgage program makes it possible for you to qualify for the financing you need, even if your income documentation is limited. This program is ideal for many kinds of borrowers, from retired people to self-employed workers to those new to the workforce. Community Mortgage is also a great option for owners or employees of cash businesses.
If you want to invest in a property without using traditional debt-to-income qualifying requirements, our Investor Program offers unique qualifying options as well as rates closer to Prime. As a borrower, you can use your property’s rental income cash flow or choose lower loan-to-value ratios as alternatives to conventional limitations.
Have a lack of income or credit documentation impeding your home buying plans? If so, our Alt-Doc Program provides an alternative. This unique loan option enables flexible qualifying methods such as asset depletion and/or bank statement submissions to qualify.
Prime Plus Program
When buying or refinancing a home, it’s possible the cost could fall just outside conventional financing guidelines. Our exclusive Prime Plus Program goes one step beyond traditional loans by offering additional, flexible options to help finance your dream home.