Cornerstone First Mortgage
Company NMLS #173855
Phone: 216-777-4330
Loan Products
Finding the right mortgage isn’t about choosing a rate. It’s about choosing a loan structure that fits your income, goals, and long-term plans. We work with homebuyers, homeowners, self-employed borrowers, and real estate investors across Cleveland and Northeast Ohio, offering a full range of conventional, government-backed, non-QM, and investment loan options.
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Whether you’re buying your first home, refinancing, expanding a rental portfolio, or qualifying with alternative income, our role is to help you understand your options and guide you through a loan strategy that makes sense without pushing a one-size-fits-all solution.
Conventional Loans
What it is: A traditional mortgage with a stable interest rate and consistent monthly payments for the life of the loan.
Why borrowers choose it: Predictability and long-term payment stability.
General qualification factors: Borrowers credit profile, income stability, down payment amount, and overall debt-to-income ratio.
Fixed-Rate Mortgages
Adjustable-Rate Mortgages (ARM)
What it is: A loan with a lower initial interest rate that adjusts after a fixed introductory period.
Why borrowers choose it: Often useful for buyers who expect to sell or refinance before the adjustment period.
General qualification factors: Credit strength, income documentation, and comfort with future payment changes.
Low Down Payment Conventional Options
What it is: Conventional loan programs that allow qualified buyers to purchase with reduced upfront cash.
Why borrowers choose it: Flexibility for buyers with solid income but limited savings.
General qualification factors: Credit profile, income, and private mortgage insurance requirements.
Government-Backed Loans
What it is: A government-insured loan designed to help borrowers qualify with more flexible credit guidelines.
Why borrowers choose it: More lenient qualification standards compared to many conventional loans.
General qualification factors: Primary residence use, mortgage insurance, and income verification.
FHA - Federal Housing Authority Loans
VA - Veterans Affairs Loans
What it is: A loan program available to eligible veterans, active-duty service members, and qualifying spouses.
Why borrowers choose it: Often no down payment and no monthly mortgage insurance.
General qualification factors: VA eligibility, income stability, and residual income guidelines.
USDA - United States Department of Agriculture Loans
What it is: A government-backed loan for qualifying properties in eligible rural and suburban areas.
Why borrowers choose it: Zero down payment option for eligible buyers.
General qualification factors: Property location, household income limits, and primary residence use.
Non-QM & Alternative Income Loans
What it is: Qualification based on personal or business bank statements instead of tax returns.
Why borrowers choose it: Ideal for self-employed borrowers whose tax filings don’t reflect true income.
General qualification factors: Consistent deposits, business history, and reserves.
Bank Statement Loans
1099-Only Loans
What it is: Loan programs designed for independent contractors paid via 1099 income.
Why borrowers choose it: Simplified qualification without W-2s.
General qualification factors: Income consistency and contract history.
Asset Depletion Loans
What it is: Loans that use liquid assets to calculate qualifying income.
Why borrowers choose it: Common for retirees or high-net-worth borrowers.
General qualification factors: Asset type, liquidity, and loan structure.
Investment Property Loans
What it is: Investment loans based on property cash flow rather than personal income.
Why borrowers choose it: Streamlined approval for rental properties and portfolio growth.
General qualification factors: Rental income, expenses, and coverage ratios.
DSCR Loans
Fix & Flip Loans
What it is: Short-term financing for purchasing and renovating investment properties.
Why borrowers choose it: Designed for renovation and resale strategies.
General qualification factors: Income consistency and contract history.
Equity & Specialty Loans
What it is: A revolving line of credit secured by home equity.
Why borrowers choose it: Flexible access to funds for renovations or investments.
General qualification factors: Available equity, credit profile, and income.
HELOC - Home Equity Line of Credit
Cash-Out Refinance
What it is: A refinance that converts home equity into cash.
Why borrowers choose it: Often used for debt consolidation or major expenses.
General qualification factors: Property value, loan-to-value limits, and income documentation.
Physician & Medical Professional Loans
What it is: Loan programs designed specifically for medical professionals.
Why borrowers choose it: Flexible down payment and loan structure options.
General qualification factors: Employment contract, profession type, and credit profile.
Loan programs are subject to guidelines, availability, and qualification. Not all borrowers will qualify. Terms and requirements may vary. Equal Housing Lender.
Who These Loans Are For
First-Time Homebuyers
Buyers who want education, clarity, and guidance on conventional, FHA, or low-down-payment options.
Self-Employed &
Commission-Based Borrowers
Real Estate Investors
High-Income Professionals
Business owners, contractors, and entrepreneurs who may benefit from alternative income loan programs.
Investors purchasing, refinancing, or scaling rental and fix-and-flip portfolios.
Borrowers with strong earning potential using jumbo or specialty loan programs.
Serving Cleveland
Proudly serving Cleveland and the surrounding Northeast Ohio communities with local insight, responsive service, and loan solutions tailored to the realities of our market.
Serving Strongsville
Based in Strongsville and deeply connected to the Southwest Cleveland suburbs, we work closely with local buyers, builders, and real estate professionals to help deals move smoothly from application to closing.
Serving 49 States
Licensed in 49 states, we help clients across the country secure financing for primary homes, second homes, and investment properties, combining local-level care with nationwide reach. New York Coming Soon!!
Page last updated: January 2026