QM Community Loan Overview
QM Community Loan is a product tailored especially for home buyers with low credit scores and minimal down payments. It welcomes first-time home buyers without any income limits.
Click here for QM Community Loan Property Eligibility Sheet for property Location Requirement.
FNMA DU Refi: Price adjustments follow Agency loan with incentive up to $4,500.
Incentive Price 2% with max cap $4,500.
Rate: CLICK HERE
This program is retail only.
QM Community Loan Highlights
All FICO<V Adjustment Waived!
No High Balance/Purchase/Refi/Cash Out/Attached Condo/2-4 Units Adjustments!
*$4,500 CREDIT For Eligible Properties:
Don't miss this unparalleled opportunity
NO AGENCY ADJUSTMENTS:
Say goodbye to standard Agency LTV/FICO adjustments. It's all waived under this program!
CASH-OUT ADJUSTMENT WAIVED:
Assist your clients in getting more from their refinancing
NO HIGH BALANCE ADJUSTMENT:
Your clients can now avail bigger loans without the standard adjustments
NO CONDO/2-4 UNITS ADJUSTMENT:
Enjoy this additional concessions
OPEN TO ALL:
This isn't just for first-time homebuyers! Expand your client base with this attractive offer
NO HOMEOWNER EDUCATION / NO INCOME RESTRICTIONS:
Make the process smoother and faster
FOR PRIMARY RESIDENCE:
Available for purchase, R/T Refi and cash out
Available in: AZ, CA, FL, IL, MD, MI, NV, TX and more...
* Incentive price 2% of loan amount or Max. $4,500, whichever is less.
Why Choose QM Community Loan?
Equal Interest Rates for Varied Credit Scores
Whether your Fico credit score is 620 or 760, enjoy the same interest rate. So, even if your credit score isn't perfect, you're not confined to a high-interest rate loan. We offer equal opportunities irrespective of credit scores.
Uniform Interest Rates for Different LTVs
Whether your LTV is 95% or 50%, you can benefit from the same interest rate. A smaller down payment won't hinder your dreams of property ownership.
High or low, we don't discriminate based on income. We won't limit your application based on your income level. Our primary goal is to help you achieve your dreams.