Non-QM
Bank Statement Loans
Tired of traditional income verification hurdles? CMRE's Bank Statement Loans offer a streamlined path to homeownership for self-employed individuals and entrepreneurs. Qualify using your bank statements instead of tax returns, and take advantage of rates starting at 7.5% to achieve your property goals.
Program Benefits
Simplified income verification for self-employed borrowers.
Qualify using bank statements instead of tax returns.
Ideal for entrepreneurs, freelancers, and business owners.
Competitive rates starting at 7.5%.
Flexible loan options to fit your unique financial situation.
Opportunity to purchase or refinance without traditional income documentation.
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 (1-4 Units)
Program Requirements
Income Documentation
- •Minimum of 12-24 months of bank statements required.
- •Consistent deposit history reflecting stable income.
- •Business and personal bank statements may be considered.
- •Income calculated based on average monthly deposits.
Asset Verification
- •Sufficient assets to cover down payment, closing costs, and reserves.
- •Verification of funds through bank statements or other acceptable documentation.
- •Gift funds may be permitted with proper documentation.
- •Liquid assets preferred for reserve requirements.
Insurance & Title
- •Homeowners insurance policy required.
- •Flood insurance may be required depending on property location.
- •Proof of insurance coverage prior to closing.
- •Coverage amount must meet lender requirements.
Property Requirements
- •Minimum FICO score of 660 required.
- •Review of credit history for derogatory marks.
- •Recent bankruptcies or foreclosures may require seasoning.
- •Good credit history demonstrates financial responsibility.
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
Interest rates for bank statement loans are typically higher than conventional loans due to the increased risk associated with non-traditional income verification. Rates can vary depending on factors such as credit score, loan-to-value ratio, and the specific lender. At CMRE, our bank statement loans start at 7.5%.
The down payment requirement for a bank statement loan can range from 10% to 20% or more, depending on the lender and the specific loan program. A larger down payment may result in a lower interest rate and more favorable loan terms.
Yes, bank statement loans can be used to purchase investment properties. This can be a valuable option for real estate investors who may not qualify for traditional financing due to their income structure.
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."
