Nationwide - February 7, 2025 (USANews.com) - Family Mortgage, powered by City Lending Inc., is making waves in the mortgage industry by focusing on a specialized market often underserved by traditional lenders: small business owners, self-employed individuals, and residents with limited U.S. residency status. Led by branch managers Dominic Alvarez and Ricardo Hernandez, the company is redefining how borrowers who fall outside the conventional banking system access mortgage financing.
The team at Family Mortgage understands the unique financial situations of small business owners and self-employed professionals. Instead of relying on traditional qualification metrics like tax returns, the company offers alternative financing solutions such as bank statement loans and Debt Service Coverage Ratio (DSCR) programs. These innovative approaches provide a lifeline to individuals who may have been turned down by other lenders, emphasizing solutions tailored to fit the borrower rather than forcing the borrower to fit into rigid lending criteria.
One example of Family Mortgage’s dedication to finding solutions is their recent success in helping a restaurant owner with two locations qualify for a home loan after six banks had declined their application. The owner’s financial situation, while solid, did not meet the traditional benchmarks for mortgage approval. By leveraging alternative programs, Family Mortgage helped the individual secure financing and achieve their dream of homeownership.
Similarly, the company has worked with families who have been denied home loans for years due to limited residency status. One family, after being rejected for five consecutive years, finally became homeowners through the team’s diligent efforts. Stories like these highlight Family Mortgage’s belief that everyone deserves a chance to call a place their own.
Another distinguishing feature of Family Mortgage is its bilingual team, fluent in both Spanish and English. This inclusive approach enables them to reach a broader client base and provide exceptional service to underserved communities. By eliminating language barriers, the company ensures that clients feel understood and supported throughout the lending process.
“Our mission is to help people achieve their dream of homeownership,” says Dominic Alvarez, one of the branch managers. “We believe in looking beyond traditional paperwork and seeing the potential in people’s unique financial situations. Everyone’s story is different, and our job is to find the right program for them.”
Ricardo Hernandez echoes this sentiment, emphasizing the importance of providing personalized solutions: “We do our best to make the loan fit the person, rather than forcing the person into a specific loan. That’s what sets us apart from other lenders.”
Family Mortgage’s commitment to flexibility and accessibility has made them a trusted resource for individuals who may feel overlooked by larger institutions. Their use of alternative lending strategies not only opens doors for their clients but also builds lasting relationships based on trust and results.
The company’s emphasis on inclusivity and creativity in lending reflects its broader vision of making homeownership accessible to everyone, regardless of their financial or residency status. With a deep understanding of their clients’ needs and a steadfast dedication to finding solutions, Family Mortgage is poised to continue breaking barriers in the mortgage industry.
