Non-QM
Stated Income Loans in San Diego, CA
Secure your Stated Income Loans in San Diego with a lender who understands the local landscape. We serve all of San Diego County, including Gaslamp Quarter and North Park, offering fast approvals and personalized service.
Key Facts About Stated Income Loans
CMRE bank statement loans use 12 or 24 months of deposits instead of tax returns.
Bank statement loans from CMRE serve self-employed borrowers and business owners.
CMRE bank statement programs accept personal or business account statements.
Bank statement loans at CMRE offer loan amounts up to $5 million.
CMRE bank statement rates are competitive with traditional full-documentation programs.
CMRE is a high-volume Non-QM lender for Stated Income Loans.
CMRE offers 10+ documentation options for Stated Income Loans.
CMRE Stated Income Loans closes in 21-35 days.
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.
Stated Income Loans in San Diego: The Complete Guide
What Is Stated Income Loans?
Stated Income Loans, also known as Alternative Income Verification loans, offer a unique lending solution for borrowers who may not qualify for traditional mortgages due to unconventional income documentation. Instead of relying on W-2s and pay stubs, these loans consider the borrower's stated income and the potential of their business to repay the loan. This makes them a popular choice for self-employed individuals, entrepreneurs, and business owners who have difficulty providing standard income verification.
Who Qualifies for Stated Income Loans?
- •Self-employed borrowers with strong cash flow but complex tax returns.
- •Real estate investors qualifying on rental income (DSCR) rather than personal income.
- •Foreign nationals and ITIN holders purchasing US property.
- •Borrowers with recent bankruptcy, foreclosure, or short sale.
- •Retirees and high-net-worth individuals qualifying on assets.
- •Commission-based, 1099, and gig economy workers.
CMRE Documentation Options for Stated Income Loans
- •Bank Statement: 12-24 months personal or business (residential + commercial).
- •P&L: CPA-prepared profit & loss for FHA and conventional.
- •VOE-Only: employer verification — no pay stubs, no tax returns.
- •DSCR: property rental income — zero personal income documentation.
- •Asset Depletion: liquid assets / 360 months = qualifying income.
- •Cross-collateral: leverage existing property equity.
Apply for Stated Income Loans with CMRE
- •Step 1: Describe your situation — CMRE identifies the best program.
- •Step 2: Gather program-specific docs (bank statements, P&L, 1099s, etc.).
- •Step 3: Pre-approval within 24-48 hours.
- •Step 4: Appraisal and processing.
- •Step 5: Close in 21-35 days with CMRE's dedicated Non-QM team.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
Est. Monthly Payment in San Diego County
$4,313/mo
Based on $899,250 median · 20% down · P&I only
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Est. Monthly Payment in San Diego County
$5,851/mo
Based on $899,250 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Live Market Data: San Diego County
Source: Redfin · 2026-01-31Median Sale Price
$899,250
Median List Price
$899,000
Price / Sq Ft
$567.026
Days on Market
46
Active Listings
4,189
Homes Sold
1,414
Sale-to-List Ratio
98.7%
2025 Conforming Loan Limits: SAN DIEGO
SAN DIEGO, CA is a designated high-cost area with limits above the national baseline of $806,500.
1-Unit (SFR)
$1,006,250
2-Unit (Duplex)
$1,288,000
3-Unit (Triplex)
$1,556,668
4-Unit (Fourplex)
$1,935,018
Source: FHFA 2025 Conforming Loan Limits. Loans above these limits require jumbo financing.
DSCR Coverage — San Diego County, CA
HUD FY2025 Fair Market RentsHUD Fair Market Rents represent the estimated 40th percentile gross rent for standard units in San Diego County. At a 7.5% DSCR benchmark rate with a 1.0× coverage ratio, each bedroom type below supports the following maximum financing.
Studio
HUD Rent
$1,751/mo
Max Financing
$250,424
1 Bedroom
HUD Rent
$2,024/mo
Max Financing
$289,468
2 Bedroom
HUD Rent
$2,549/mo
Max Financing
$364,552
3 Bedroom
HUD Rent
$3,553/mo
Max Financing
$508,142
4 Bedroom
HUD Rent
$4,074/mo
Max Financing
$582,654
Max financing calculated at 1.0× DSCR, 30-year amortization, 7.5% annual rate. Actual DSCR qualification depends on property expenses, vacancy, and lender overlays. Contact CMRE for a property-specific DSCR analysis.
Stated Income Loans in San Diego, CA
Premier mortgage lending services in San Diego. We specialize in VA loans for our military community and jumbo loans for coastal properties. Custom Mortgage & Real Estate specializes in providing high-fidelity Stated Income Loans solutions tailored to the unique economic landscape of San Diego and the surrounding San Diego County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireSan Diego metropolitan area.
Military presence is significant; VA loans are the gold standard for SD territory.
Service Areas & Neighborhoods
Our San Diego Presence
Local Knowledge. Global Rates.
8880 Rio San Diego Dr
San Diego, CA 92108
Direct Line
877-976-5669Recent CMRE Closings in California
Funded TransactionsConventional Cash-Out Refinance, Los Angeles CA
Los Angeles, CA
Hard Money JR LIEN, Willowbrook CA
Willowbrook, CA
Commercial Property Financing, Silicon Valley CA
Silicon Valley, CA
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
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Common Questions About Stated Income Loans in San Diego
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.
No. Non-QM refers to documentation method, not credit quality. Fully regulated and compliant.
Varies: bank statement 660+, DSCR 660+, asset depletion 680+, recent credit event 620+.
Yes, 0.5%-2% higher than conventional. Tradeoff is flexibility for non-traditional qualification.
Yes. DSCR and bank statement are most popular for investors. No property count limit, LLC vesting available.
The current national 30-year fixed rate is 6.00% (Freddie Mac PMMS). Stated Income Loans rates in San Diego vary by loan amount, LTV, and credit profile — CMRE provides locked quotes within 24 hours of application.
CMRE typically closes Stated Income Loans loans in San Diego within 21-30 days from application. The San Diego County market has seen home prices rise 0.8% year-over-year — having a fully underwritten approval before you write an offer is critical in this competitive environment. Our CA-licensed team coordinates title, escrow, and appraisal concurrently to minimize time-to-close.
Yes. CMRE Stated Income Loans programs serve self-employed San Diego borrowers using 12-24 months of bank statements instead of tax returns. Business owners, freelancers, and gig workers in San Diego County qualify under non-QM guidelines.
Stated Income Loans through CMRE requires alternative documentation instead of traditional tax returns. Options include bank statements, 1099 forms, asset verification, or profit & loss statements. Our San Diego team guides you through the most favorable documentation path.
Stated Income Loans by Location
Get local rates, loan limits, and market data for Stated Income Loans in your area.
CA
CO
GA
ID
IL
MI
NJ
NY
OH
OR
VA
WA
View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →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."
