Non-QM
1-Year Income NonQM in San Diego, CA
San Diego homebuyers trust Custom Mortgage for their 1-Year Income NonQM needs. With deep knowledge of the local market, from North Park to La Jolla, we provide tailored solutions with rates as low as 7.5%.
Key Facts About 1-Year Income NonQM
CMRE bank statement loans use 12 or 24 months of deposits instead of tax returns.
Bank statement loans from CMRE serve self-employed borrowers and business owners.
CMRE bank statement programs accept personal or business account statements.
Bank statement loans at CMRE offer loan amounts up to $5 million.
CMRE bank statement rates are competitive with traditional full-documentation programs.
CMRE is a high-volume Non-QM lender for 1-Year Income NonQM.
CMRE offers 10+ documentation options for 1-Year Income NonQM.
CMRE 1-Year Income NonQM closes in 21-35 days.
Program Benefits
Qualify with only one year of income documentation.
Ideal for self-employed individuals and entrepreneurs.
Competitive rates starting at 7.5% for qualified borrowers.
More flexible underwriting guidelines than traditional mortgages.
Perfect for borrowers with unique income situations.
Loan amounts available to fit a variety of property needs.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- Multi-Family (up to 4 units)
Program Requirements
Income Documentation
- •One year of self-employment or business income documentation.
- •Verification of income stability.
- •Acceptable sources of income include self-employment, business revenue, and investment income.
- •Income must be sufficient to cover mortgage payments and other debts.
Asset Verification
- •Sufficient assets to cover down payment and closing costs.
- •Verification of asset liquidity.
- •Acceptable assets include savings accounts, investment accounts, and retirement funds.
- •Gift funds may be considered with proper documentation.
Insurance & Title
- •Homeowners insurance required.
- •Flood insurance may be required depending on the property location.
- •Proof of insurance coverage must be provided prior to closing.
- •CMRE can assist you in finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660.
- •Review of credit history for past delinquencies or derogatory marks.
- •Demonstrated history of responsible credit management.
- •Consideration of compensating factors for borrowers with limited credit history.
1-Year Income NonQM in San Diego: The Complete Guide
What Is 1-Year Income NonQM?
The 1-Year Income NonQM loan is designed for borrowers who may not meet the strict requirements of traditional mortgages. This program allows you to qualify using only one year of income documentation, making it an excellent option for self-employed individuals, entrepreneurs, and those with fluctuating income. Unlike traditional loans that require two or more years of income history, this program offers a more streamlined path to homeownership. At CMRE, we understand that income verification can be a hurdle, and this program aims to simplify the process.
Who Qualifies for 1-Year Income NonQM?
- •Self-employed borrowers with strong cash flow but complex tax returns.
- •Real estate investors qualifying on rental income (DSCR) rather than personal income.
- •Foreign nationals and ITIN holders purchasing US property.
- •Borrowers with recent bankruptcy, foreclosure, or short sale.
- •Retirees and high-net-worth individuals qualifying on assets.
- •Commission-based, 1099, and gig economy workers.
CMRE Documentation Options for 1-Year Income NonQM
- •Bank Statement: 12-24 months personal or business (residential + commercial).
- •P&L: CPA-prepared profit & loss for FHA and conventional.
- •VOE-Only: employer verification — no pay stubs, no tax returns.
- •DSCR: property rental income — zero personal income documentation.
- •Asset Depletion: liquid assets / 360 months = qualifying income.
- •Cross-collateral: leverage existing property equity.
Apply for 1-Year Income NonQM with CMRE
- •Step 1: Describe your situation — CMRE identifies the best program.
- •Step 2: Gather program-specific docs (bank statements, P&L, 1099s, etc.).
- •Step 3: Pre-approval within 24-48 hours.
- •Step 4: Appraisal and processing.
- •Step 5: Close in 21-35 days with CMRE's dedicated Non-QM team.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
Est. Monthly Payment in San Diego County
$4,313/mo
Based on $899,250 median · 20% down · P&I only
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Est. Monthly Payment in San Diego County
$5,851/mo
Based on $899,250 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Live Market Data: San Diego County
Source: Redfin · 2026-01-31Median Sale Price
$899,250
Median List Price
$899,000
Price / Sq Ft
$567.026
Days on Market
46
Active Listings
4,189
Homes Sold
1,414
Sale-to-List Ratio
98.7%
2025 Conforming Loan Limits: SAN DIEGO
SAN DIEGO, CA is a designated high-cost area with limits above the national baseline of $806,500.
1-Unit (SFR)
$1,006,250
2-Unit (Duplex)
$1,288,000
3-Unit (Triplex)
$1,556,668
4-Unit (Fourplex)
$1,935,018
Source: FHFA 2025 Conforming Loan Limits. Loans above these limits require jumbo financing.
DSCR Coverage — San Diego County, CA
HUD FY2025 Fair Market RentsHUD Fair Market Rents represent the estimated 40th percentile gross rent for standard units in San Diego County. At a 7.5% DSCR benchmark rate with a 1.0× coverage ratio, each bedroom type below supports the following maximum financing.
Studio
HUD Rent
$1,751/mo
Max Financing
$250,424
1 Bedroom
HUD Rent
$2,024/mo
Max Financing
$289,468
2 Bedroom
HUD Rent
$2,549/mo
Max Financing
$364,552
3 Bedroom
HUD Rent
$3,553/mo
Max Financing
$508,142
4 Bedroom
HUD Rent
$4,074/mo
Max Financing
$582,654
Max financing calculated at 1.0× DSCR, 30-year amortization, 7.5% annual rate. Actual DSCR qualification depends on property expenses, vacancy, and lender overlays. Contact CMRE for a property-specific DSCR analysis.
1-Year Income NonQM in San Diego, CA
Premier mortgage lending services in San Diego. We specialize in VA loans for our military community and jumbo loans for coastal properties. Custom Mortgage & Real Estate specializes in providing high-fidelity 1-Year Income NonQM solutions tailored to the unique economic landscape of San Diego and the surrounding San Diego County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireSan Diego metropolitan area.
Military presence is significant; VA loans are the gold standard for SD territory.
Service Areas & Neighborhoods
Our San Diego Presence
Local Knowledge. Global Rates.
8880 Rio San Diego Dr
San Diego, CA 92108
Direct Line
877-976-5669Recent CMRE Closings in California
Funded TransactionsConventional Cash-Out Refinance, Los Angeles CA
Los Angeles, CA
Hard Money JR LIEN, Willowbrook CA
Willowbrook, CA
Commercial Property Financing, Silicon Valley CA
Silicon Valley, CA
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Common Questions About 1-Year Income NonQM in San Diego
A NonQM (Non-Qualified Mortgage) loan is a type of mortgage that doesn't meet the strict requirements of a Qualified Mortgage (QM). This allows lenders to offer more flexible loan options to borrowers who may not qualify for traditional mortgages due to factors such as income verification, debt-to-income ratio, or credit history.
Interest rates for NonQM loans are typically higher than those for traditional mortgages, reflecting the increased risk associated with these loans. Rates for the 1-Year Income NonQM loan program start at 7.5%, but the actual rate you receive will depend on your credit score, loan amount, and other factors.
Yes, you can refinance your existing mortgage into a 1-Year Income NonQM loan if you meet the eligibility requirements. This can be a good option if you're self-employed or have difficulty documenting your income through traditional methods.
The maximum loan amount for a 1-Year Income NonQM loan can vary depending on the lender and the specific loan program. At CMRE, we offer loan amounts ranging from $100,000 to $3,000,000 for this program.
No. Non-QM refers to documentation method, not credit quality. Fully regulated and compliant.
Varies: bank statement 660+, DSCR 660+, asset depletion 680+, recent credit event 620+.
Yes, 0.5%-2% higher than conventional. Tradeoff is flexibility for non-traditional qualification.
Yes. DSCR and bank statement are most popular for investors. No property count limit, LLC vesting available.
The current national 30-year fixed rate is 6.00% (Freddie Mac PMMS). 1-Year Income NonQM rates in San Diego vary by loan amount, LTV, and credit profile — CMRE provides locked quotes within 24 hours of application.
CMRE typically closes 1-Year Income NonQM loans in San Diego within 21-30 days from application. The San Diego County market has seen home prices rise 0.8% year-over-year — having a fully underwritten approval before you write an offer is critical in this competitive environment. Our CA-licensed team coordinates title, escrow, and appraisal concurrently to minimize time-to-close.
Yes. CMRE 1-Year Income NonQM programs serve self-employed San Diego borrowers using 12-24 months of bank statements instead of tax returns. Business owners, freelancers, and gig workers in San Diego County qualify under non-QM guidelines.
1-Year Income NonQM through CMRE requires alternative documentation instead of traditional tax returns. Options include bank statements, 1099 forms, asset verification, or profit & loss statements. Our San Diego team guides you through the most favorable documentation path.
1-Year Income NonQM by Location
Get local rates, loan limits, and market data for 1-Year Income NonQM in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
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Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
