The Self-Employed Mortgage Qualification Checklist

Credit score of 640 or higher

Higher scores unlock better loan-to-value ratios and lower reserve requirements.

You're buying or refinancing a primary residence

Community Mortgage is built for the home you live in — not an investment property or second home.

Down payment funds available

Typically 20-35% of the purchase price, depending on your credit tier.

Reserve funds available after closing

6 to 9 months of your payment, sourced and seasoned for at least 30 days.

Loan amount between $100,000 and $2,500,000

Both the low and high end of the program's range.

The property is in an eligible state

Available in every state except DC, Maine, Maryland, Nevada, Pennsylvania, Washington, and West Virginia.

You're comfortable not stating income or employment on the application

That's the core of how this program works — qualification comes from credit, assets, and down payment instead.