Commerce Home Mortgage is the Nation’s leader in Common Sense Underwriting.  Our Non-Traditional Prime Mortgage Program is a fast and Simple Mortgage Solution for borrowers unable to meet Ability to Repay income documentation required by other lenders. We focus on Owner Occupied and Second Home Financing for Borrowers with Unique/undocumented Income Profiles.  Commerce Home Mortgage is a regulated, non-bank, CDFI certified mortgage lender formed to empower underbanked homeowners and communities by providing access to prime capital. We are the ONLY CDFI certified lender in the nation that is also a licensed seller/servicer with FNMA, FHLMC & GNMA.

Streamline Alt-ATR program Highlights:

  • Owner Occupied and Second Homes – No Business Purpose requirement!
  • Streamline Eligible = income docs not required!
  • Purchase Loans up to 65% LTV
  • Cash-Out Refinance Loans up to 60% LTV
  • Interest-Only payment options for the first 5-10 Years
  • No Prepayment Penalty
  • Gifts Allowed for down payment & closing costs
  • Fast Closings – Close in 15 Days!


  • Eligible Properties:  Owner Occupied SFRs, 1-4 Units, Townhomes, PUDs, Condominiums, Tenants in Common, Second Home, Mixed-Use
  • Eligible Borrowers: U.S. Citizens, Permanent Resident Aliens (Green Card), Non-Permanent Resident Aliens
  • Maximum LTV – Purchase up to 65.00% LTV
  • Maximum LTV – Refinance up to 60.00% LTV
  • Maximum Loan Amount $2,500,000
  • 640 Min FICO
  • Subordinate Financing Not Allowed
  • Lien Position 1st Deed of Trust Liens Only


  • Irregular, volatile or alternative income, unemployed/underemployed OK!
  • Lack of income documentation or those recovering from a past event
    (i.e. employment issues due to health, divorce, foreclosure, short-sale, bankruptcy)
  • Retired on limited/fixed income but possess significant Down payment
  • Looking to buy before you sell current residence
  • Self Employed with large tax write-offs and/or newly Self-Employed (<2 years)
  • Self Employed (or salaried/commissioned) with excessive Debt-To-Income Ratios (DTI)
  • New to the Workforce
  • Investing in Real Estate (Multiple properties)

Streamline Alt-ATR: A New way to look at Mortgage qualifying 

 ‘Ability to Repay’ RequirementCHM Streamline Alt-ATR Other Lenders
Income DocumentationNot RequiredRequired
Income CalculatedNot RequiredRequired
Debt-to-Income CalculationNot RequiredRequired
Active EmploymentNot RequiredRequired
Employment HistoryNot RequiredRequired


Giving Credit to The American Dream

Commerce Home Mortgage is regulatory certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI), whose mission is to provide financial services to underserved borrowers and communities.  CFPB rules require mortgage lenders to adhere to the Ability to Repay (ATR) requirements. Commerce, exempt from the ATR requirements based on our certification as a CDFI, is uniquely positioned to develop mortgage products that addresses this significant segment of borrowers that are today left underbanked due to current regulatory restrictions.


Property Geographic Area Details
Loan Amounts
$100,000 to $2,500,000
Interest Rates
5.99% to 7.99%
Loan Terms
360 months to 360 months
Origination Fees
0% to 1%
Lien Position
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Residential

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Residential Owner-Occupied

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Non-Prime

Max Loan-to-Purchase Price


Borrower Must Have Property Under Contract


Will Provide Proof of Funds Letter


Will Consider Lending on Purchase from Auction


Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Family

Documents Fee


Escrow Fee

at market

Title Fee

at market

Credit Report Fee


Appraisal Fee

at market

Other Fee

Tax svc $69, Flood $12, Appraisal desk review $175

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Documents Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee

Details and Requirements

Typical Closing Time (Days)


Fastest Closing Time (Days)


Payment Structure
  • Interest Only
  • Amortized
Payment Structure Details

5-10 year Interest only, 30 yr term

Pre Payment Penalty


Will lend to a foreign national


No U.S. Credit, No U.S. Tax ID #, Passport Only
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage


Will Consider Collateralizing Multiple Properties in One Loan


Will Consider Equity Joint Venture


Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Trust
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Credit Check Required


Minimum Credit Score Required


Appraisal Required for Residential Property


Broker Price Opinion (BPO) Accepted for Residential Property


Legal Disclaimer

Commerce Home Mortgage, LLC. is an equal opportunity lender, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150083; NMLS ID #1839. Main address: 3130 Crow Canyon Place, Suite 400, San Ramon, CA 94583. Offer of credit is subject to credit approval. To verify our state licenses, please visit

Additional Details

flood $12, Desk review $175,

Get In Touch

Commerce Home Mortgage pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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Commerce Home Mortgage was established in 1994. Our corporate headquarters is in San Ramon (San Francisco Bay Area), but we have branch offices in 8 other states: AZ, CO, FL, NM, OR, TX, UT, WA.

We’re friendly, experienced people who know the easiest paths to getting mortgages done. We pride ourselves in truly getting to know our customers and matching them with the right loan products to meet their needs. We know that home buying and refinancing can be a complex and emotional experience. That’s OK. We’ve guided tens of thousand of people through the process of home financing. We’re here for you – from the first question through close. Our name Commerce Home Mortgage spells out more clearly what we do. The blue door in the accompanying logo traditionally represents safety, security, trust, loyalty and stability. It’s also an invitation to come in, sit down and chat with us.

Commerce Home Mortgage Licensing

  • Federal Agency Approvals
  • FHA Direct Endorsement
  • VA Approved Lender
  • Fannie Mae Approved Seller/Servicer
  • Freddie Mac Approved Seller/Servicer
  • Ginnie Mae Approved

Commerce Home Mortgage, LLC. conducts business under the following business names:

  • Commerce Home Mortgage
  • Commerce Home Mortgage Wholesale
  • Redding Lender


State Licensing

State law disclosure regulations require the following licenses to be conspicuously disclosed. Copies of the licenses may be obtained from Commerce Home Mortgage at its Corporate Headquarters located at: Commerce Home Mortgage, LLC. 3130 Crow Canyon Place, Suite 400 San Ramon, CA 94583

NMLS Unique Identifier No. 1839
NMLS Consumer Access Site

ARIZONA – Arizona Mortgage Banker License No. 0925326

CALIFORNIA  – Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150083 and by the California Bureau of Real Estate, No. 01218426.

COLORADO – Mortgage Company Registration, Colorado Division of Real Estate, License No. 100514893.

FLORIDA – Licensed as a Mortgage Lender/Servicer by the Office of Financial Regulation No. MLD1338.

GEORGIA – Licensed as a Mortgage Lender by the Department of Banking and Finance No. 48010.

MARYLAND – Licensed as a Mortgage Lender by the Commissioner of Financial Regulation.

OREGON – Commerce Home Mortgage, LLC., License No. ML-4044.

TEXAS – No license No.

Consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan. Loan originator should complete and send a complaint form to the Texas Department of savings and mortgage lending. 2601 North Lamar, Suite 201, Austin Texas 78705. Complaint forms and instructions may be obtained from the department’s website at a toll-free consumer hotline is available at 1-877-276-5550.

The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at

UTAH – Commerce Home Mortgage, LLC. Utah-DFI Residential First Mortgage registry.

VIRGINIA – Licensed as a Mortgage Lender and Broker by the Virginia State Corporation Commission No. MC-6713.

WASHINGTON – Licensed by the Department of Financial Institutions under the Consumer Loan Act No. CL-1839.


CA DRE Lic. 01218426, NMLS ID 1839, DBO #4150083

Year Established



  • National Diversity Coalition - Partner
  • National Asian American Coalition - Partner

Office Locations

Commerce Home Mortgage
1990 N California Blvd. Ste 650, Walnut Creek, California 94596

Primary Capital Source
  • Other Private Lending Companies
  • Bank Credit Line
Alternative Capital Sources
  • Own Funds
  • Private Equity Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Residential Property


Total Number of Loans Funded to Date


Total Loan Volume Funded to Date


Our Team

Jeffrey R Simonich

VP Mortgage Banker/Branch Manager

NMLS ID - 1607231

Get In Touch

Commerce Home Mortgage pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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