What is ACC Mortgage?
ACC Mortgage operates as a specialized financial institution with a distinct focus on non-qualified mortgage (non-QM) products. As a Community Development Financial Institution (CDFI) certified entity, the company provides critical access to credit for borrowers who may not meet the rigid criteria of conventional banking institutions. Their portfolio includes innovative offerings such as ITIN mortgage programs, asset depletion loans, and bank statement programs designed for self-employed individuals and foreign nationals. Operating across more than 20 states, the firm distinguishes itself through a commitment to flexible underwriting and a mission-driven approach to homeownership and financial stability.
How much funding has ACC Mortgage raised?
ACC Mortgage has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in ACC Mortgage
PPP
Public-Private Partnership
What's next for ACC Mortgage?
With the recent infusion of capital, ACC Mortgage is positioned to scale its operational capacity and enhance its proprietary lending technology. The strategic focus will likely center on broadening the availability of its Second Chance Program and optimizing the efficiency of its 12-24 Month Bank Statement underwriting process. As the firm navigates the complexities of the current interest rate environment, this late-stage financing provides the necessary runway to maintain its competitive edge in the non-QM space, ensuring that it can continue to serve its core client base while potentially exploring new geographic markets for its specialized lending services.
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