Non-QM
Post-Bankruptcy Mortgage
Navigating the mortgage process after bankruptcy can be challenging. CMRE's Post-Bankruptcy Mortgage program offers a path to homeownership with flexible qualification criteria and competitive rates starting at 7.5%. Get back on track and achieve your dreams of owning a home.
Program Benefits
Regain your financial footing and achieve homeownership sooner than you thought possible.
Competitive interest rates starting at 7.5% help you save money over the life of the loan.
Flexible underwriting guidelines designed to accommodate borrowers with past credit challenges.
Rebuild your credit history with consistent mortgage payments.
Work with experienced loan officers who understand the complexities of post-bankruptcy financing.
Benefit from a streamlined application process designed for efficiency.
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
- 2-4 Unit Properties
Program Requirements
Income Documentation
- •Stable and verifiable income for the past 24 months.
- •Demonstrate the ability to manage debt responsibly.
- •Provide documentation to support all income sources.
- •Income must be sufficient to cover mortgage payments and other debts.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Assets must be sourced and verifiable.
- •May require a larger down payment than traditional mortgages.
- •Savings accounts, investment accounts, and other assets will be considered.
Insurance & Title
- •Hazard insurance to protect the property from damage.
- •Mortgage insurance may be required depending on the loan-to-value ratio.
- •Flood insurance may be required if the property is located in a flood zone.
- •Proof of insurance is required at closing.
Property Requirements
- •Minimum FICO score of 660.
- •Discharge of bankruptcy must be at least 2 years prior to application.
- •No new significant derogatory credit events since the bankruptcy discharge.
- •Demonstrate responsible credit behavior after bankruptcy.
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
Typically, you must wait at least 2 years after the discharge of your bankruptcy to apply for a mortgage. Some lenders may require a longer waiting period depending on the type of bankruptcy and your overall credit profile.
Yes, post-bankruptcy mortgages typically have higher interest rates than traditional mortgages due to the increased risk perceived by lenders. However, CMRE aims to provide competitive rates starting at 7.5%.
The maximum LTV for a post-bankruptcy mortgage is typically 80%, meaning you will need to make a down payment of at least 20% of the home's purchase price.
Our Post-Bankruptcy Mortgage program is available for a variety of property types including Single Family Residences, Condos, Townhouses, and 2-4 unit properties.
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."
