Hard Money
Auction Loans
Unlock the potential of real estate auctions with CMRE's Auction Loans. Designed for speed and flexibility, our hard money auction loans provide the financing you need to bid with confidence and close quickly. Starting at 9.875%, these loans offer a streamlined process and competitive terms to help you seize lucrative opportunities.
Program Benefits
Fast funding for quick auction closings.
Competitive rates, starting at 9.875%, for optimal profitability.
Flexible terms tailored to your specific investment strategy.
Ideal for fix-and-flip projects, renovations, and investment properties acquired at auction.
Simplified application process with minimal red tape.
Access to capital for properties that may not qualify for traditional financing.
Program Highlights
Max LTV
70%
Min Credit Score
600
Max DTI
55%
Loan Amount Range
$50K - $5M
Amortization Options
Eligible Properties
- Single Family
- Multi-Family
- Condo
- Townhouse
- Commercial
Program Requirements
Income Documentation
- •Demonstrated ability to repay the loan based on current income or project profitability.
- •Verification of income sources through pay stubs, tax returns, or bank statements.
- •Clear and stable income history.
Asset Verification
- •Sufficient liquid assets to cover down payment, closing costs, and any required reserves.
- •Verification of asset ownership through bank statements or investment account statements.
- •Acceptable asset types include cash, stocks, bonds, and other readily convertible assets.
Insurance & Title
- •Property insurance coverage to protect against damage or loss.
- •Liability insurance to cover potential accidents or injuries on the property.
- •Flood insurance, if the property is located in a designated flood zone.
Property Requirements
- •Minimum FICO score of 600.
- •Review of credit history to assess risk and repayment ability.
- •Consideration of past bankruptcies, foreclosures, or other adverse credit events.
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
Frequently Asked Questions
Auction loans are designed for speed, with typical closing timeframes ranging from 7 to 14 days.
Yes, many of our auction loans can be used to finance renovations and repairs, allowing you to increase the value of the property.
Hard money loans offer speed, flexibility, and accessibility for properties that may not qualify for traditional financing, making them ideal for auction purchases.
Yes, CMRE provides educational resources and personalized support to help first-time auction buyers navigate the process with confidence.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
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."
