Non-QM
Stated Income Loans
Stated Income Loans from CMRE offer a streamlined path to homeownership or investment property acquisition for self-employed individuals and entrepreneurs. With a minimum FICO score of 660 and rates starting at 7.5%, these loans prioritize your business's potential over traditional income verification. Unlock your real estate dreams with the flexibility and efficiency of a Stated Income Loan.
Program Benefits
Simplified Qualification: Qualify based on your business's financial potential, not just personal income.
Ideal for Self-Employed: Perfect for entrepreneurs and freelancers with complex income streams.
Faster Closing Times: Experience a quicker approval process compared to traditional mortgages.
Competitive Rates: Access competitive interest rates, starting at 7.5%, designed for your unique financial situation.
Increased Purchasing Power: Maximize your borrowing potential with our flexible lending criteria.
Investment Opportunities: Expand your real estate portfolio with ease, utilizing Stated Income Loans for investment properties.
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
- Multi-Family (1-4 Units)
Program Requirements
Income Documentation
- •Demonstrate sufficient cash flow from your business to cover mortgage payments.
- •Provide documentation to support business operations and revenue generation.
- •A minimum of two years of business operation is typically required.
- •Provide a strong business plan outlining future growth and stability.
Asset Verification
- •Sufficient assets to cover down payment, closing costs, and reserves.
- •Verification of asset ownership and liquidity.
- •Acceptable asset types include savings accounts, investment accounts, and real estate holdings.
- •May require higher down payment depending on loan to value.
Insurance & Title
- •Homeowner's insurance policy to protect the property.
- •Flood insurance if the property is located in a flood zone.
- •Title insurance to protect against title defects.
- •Proof of insurance is required at closing.
Property Requirements
- •Minimum FICO score of 660.
- •Review of credit history to assess creditworthiness.
- •Demonstrate a history of responsible credit management.
- •May require a higher down payment for lower credit scores.
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 Stated Income Loan is a type of mortgage where the lender verifies your ability to repay the loan based on your stated income and other financial factors, rather than requiring traditional income documentation like W-2s and pay stubs. This type of loan is commonly used by self-employed individuals and business owners.
The main benefit is the simplified qualification process, especially for those with complex or fluctuating income. Stated Income Loans can also lead to faster closing times and increased purchasing power.
Interest rates for Stated Income Loans are typically higher than traditional mortgages due to the increased risk for the lender. Rates can vary depending on your credit score, loan amount, and other factors, but generally start around 7.5%.
While you won't need to provide W-2s or pay stubs, you will still need to provide documentation to support your business, such as business licenses, tax returns, bank statements, and a business plan.
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."
