Non-QM
P&L Only Mortgages
Unlock your homeownership dreams with CMRE's P&L Only Mortgages. Designed for self-employed individuals and entrepreneurs, this program simplifies the qualification process by focusing on your business's profit and loss statement. Get competitive rates starting at 7.5% and flexible terms tailored to your unique financial situation.
Program Benefits
Streamlined qualification process using your business's Profit & Loss statement.
Ideal for self-employed borrowers and entrepreneurs with complex income situations.
Competitive interest rates starting at 7.5% for qualified borrowers.
Higher loan amounts available compared to traditional mortgage programs.
Flexible loan terms to fit your specific financial needs.
Avoid the complexities of traditional income verification methods.
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
- •Demonstrate consistent profitability through your business's P&L statements.
- •Provide a minimum of two years of business financial history.
- •Clearly show sufficient income to cover the mortgage payments and other debts.
- •Business must be in good standing and actively operating.
Asset Verification
- •Sufficient assets to cover the down payment, closing costs, and reserves.
- •Demonstrate a history of sound financial management.
- •Acceptable asset types include savings, checking, and investment accounts.
- •Gift funds may be considered with proper documentation.
Insurance & Title
- •Homeowners insurance policy to protect the property.
- •Flood insurance may be required depending on the property's location.
- •Proof of insurance coverage is required at closing.
- •CMRE can assist in finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660 or higher.
- •A credit history demonstrating responsible financial behavior.
- •Limited number of past delinquencies or derogatory marks.
- •Explanation for any significant credit issues may be required.
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
A P&L Only Mortgage is a type of loan that uses your business's profit and loss statement to verify income instead of traditional methods like W-2s and pay stubs. It's designed for self-employed individuals and business owners.
The main benefit is a simplified qualification process, especially for those with complex income situations. It allows you to qualify for a mortgage based on your business's financial performance.
At CMRE, we require a minimum FICO score of 660 for our P&L Only Mortgage program.
The maximum Loan-to-Value (LTV) for our P&L Only Mortgage program is 80%.
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."
