Commerce Mortgage Services, Inc.
Mixed Use
Home
Mortgage Programs
Apply for a Loan
In the News
Mortgage Calculator
Commercial Mortgages
About Us
Our Services
Contact Us
Personal Finance News

Small Mixed Use Program

 

Maximun Loan Amount:  $750,000

Maximun Loan Amount:  $650,000

Credit Grade

Minimum Credit Score

# of Units

Occupancy

Full Doc   LTV

12 Month Program**

Reduced Doc.  LTV

Stated Doc.   LTV

A1

600

2-4

Primary / Investment

70%/75% *

70%/75% *

65%/70% *

65%/70% *

A2

500

2-4

Primary / Investment

70%/75% *

70%/75% *

65%/70% *

65%/70% *

A3

500

2-4

Primary / Investment

70%/75% *

70%/75% *

65%/70% *

65%/70% *

 

 

 

 

 

 

 

 

Maximum Loan Amount on B Credit Grade is $350,000:

B

500

2-4

Primary / Investment

70%/75% *

70%/75% *

65%/70% *

65%/70% *

* Higher LTV requires a minimum Credit score of 640. (Restrictions Apply)
Examples of Acceptable Uses Includes:
Flower Shop            Food Store            Coin Laundry            Doctor Office            Restaurant   
Drug Store              Liquor Store           Day Care Center       Lawyer Office           Dentist Office   
Unacceptable Uses Includes: Auto repair, Dry Cleaning (On-site), Heavy Mfg., Comm'l, Ind., Gas Stations

email us with any questions.