Non-QM
Bad Credit Mortgage
Dreaming of homeownership but worried about your credit history? CMRE's Bad Credit Mortgage program offers a path to securing a home loan even with past credit challenges. With rates starting at 7.5%, this Non-QM loan provides flexible options and a chance to rebuild your financial future while owning your dream home.
Program Benefits
Opportunity for homeownership even with a less-than-perfect credit history.
Competitive rates starting at 7.5% for qualified borrowers.
More flexible qualification requirements compared to traditional mortgages.
Potential to rebuild your credit score through responsible mortgage payments.
Access to a variety of loan options tailored to your specific financial situation.
Expert guidance from CMRE's experienced mortgage professionals.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $2M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Stable and verifiable income sources required.
- •Acceptable documentation includes pay stubs, W-2s, and tax returns.
- •Self-employed applicants need to provide business tax returns and profit & loss statements.
- •Sufficient income to comfortably afford mortgage payments and other debts.
Asset Verification
- •Sufficient assets to cover down payment, closing costs, and reserves.
- •Acceptable asset types include savings accounts, checking accounts, and investment accounts.
- •Gift funds may be considered with proper documentation.
- •Verification of funds required through bank statements.
Insurance & Title
- •Homeowners insurance policy required to protect the property.
- •Flood insurance may be required depending on the location of the property.
- •Proof of insurance coverage needed prior to closing.
- •CMRE can assist with finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660 required.
- •Review of credit report to assess credit history and identify any derogatory marks.
- •Explanation of any past credit issues may be required.
- •Focus on recent credit behavior and repayment history.
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
Generally, a FICO score below 660 may be considered bad credit for mortgage purposes. However, CMRE's Bad Credit Mortgage program is designed to accommodate borrowers with scores in this range.
Interest rates for bad credit mortgages tend to be slightly higher than those for conventional mortgages due to the increased risk. CMRE's Bad Credit Mortgage program offers competitive rates starting at 7.5%, depending on your specific financial situation and credit profile.
Yes, you can refinance a bad credit mortgage once your credit score improves and your financial situation becomes more stable. Refinancing can potentially help you secure a lower interest rate and reduce your monthly payments. CMRE offers refinancing options to help you achieve your financial goals.
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."
