Loan Services

Samaritan Mortgage Group

A Division of Canopy Mortgage, LLC

We understand that securing a mortgage is a significant financial decision, and our dedicated team is here to guide you every step of the way. Whether you’re a first-time homebuyer or a seasoned investor, our commitment to providing personalized solutions ensures that you’ll find the perfect loan option to suit your needs. With a wide range of mortgage products, competitive rates, and a reputation for excellence in customer service, Samaritan Mortgage Group is your trusted partner in achieving your homeownership dreams. Our experienced professionals are ready to assist you in navigating the complex world of mortgage financing, ensuring a seamless and stress-free experience. Let us help you secure your future with the right loan services tailored to your unique circumstances.

DSCR: Debt Service Coverage Ratio

Looks at the income generated by the property
No employment required
No income required
Investment property only
DSCR = Net operating income/Debt service
As low as 0.8

Foreign National

Only for citizens from outside the US
Borrower may not live or work in the US
It’s a DSCR of 1:1 ratio
Funds must be seasoned for at least 60 days (30 days out of 60 the funds must be in an FDIC-insured bank)
Foreign credit is preferred but not required
Investment property only
70% max LTV
Short-term rentals allowed

Community Mortgage

No income required
Qualify based on credit and savings
680 credit minimum
20%-25% down payment required
12-15 months of reserves required
Primary and second homes only
Gifts allowed

Bank Statement

12 months statements
90% max LTV
Self-employed and 1099 borrowers
Personal or business statements
W2 employees

ITIN

Qualify WVOE, 12-month Bank Statement or DSCR
2-year income history
80% max LTV
No reserves required

1099

2-year 1099s & 2 months Bank Statement
80% max LTV
No FTHB

Qualified Mortgage Products

Veteran Administration Loan
Federal Housing Administration Loan
Conventional Loan