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Soft Money Loans

Welcome to Custom Mortgage and Real Estate! If you’re searching for flexible financing options tailored to your unique needs, soft money loans might be the perfect solution. Unlike traditional hard money loans, which rely heavily on collateral, soft money loans combine aspects of both conventional and hard money lending, offering you a blend of flexibility and favorable terms. This type of financing is ideal for real estate investors or borrowers who may not meet the stringent criteria of conventional loans but still want competitive rates and terms.

Contact Us below

HIGHLIGHTS

  • Program Type

    Residential

  • Maximum Loan Amount

    $2,000,000.00

  • Minimum Loan Amount

    $100,000.00

  • Interest Rate Range **

  • Maximum Loan To Value

    80%%

  • Minimum Credit Score

    640 Fico

  • Amortization Term

Max LTV:

80%

Eligible Properties:

or

Amortization Terms:

Max DTI:

Occupancy Types:

Minimum Loan Amount:

$100,000.00

Maximum Loan Amount:

$2,000,000.00

Minimum Mid Credit Score:

640 FICO

REQUIREMENTS

✓ Income:

✓ Assets:

Verification of down payment if purchase – 2 months of bank statements for reserves

✓ Insurance

12 months of hazard insurance coverage paid at closing

✓ Title – Title:

insurance paid at closing

✓ Identification:

Copy of Drivers License/ID/Passport

✓ Valuation Requirement:

Appraisal or BPO or AVM

Fill out Application

HOW OUR PROCESS WORKS

You begin with filling out our online application which usually takes about 15 minutes.

Submit Documents

Submit your loan documents by uploading them after your application such as ID, Bank Statements, Insurance and Income documents.  Once we have these, it usually takes 24-48 hours to get your loan pre approval.

Get Title and Escrow

Once your loan is pre approved, we can order your title and escrow documents to get your loan finalized.  This usually takes about 24 hours after your loan is pre approved.

Get Appraisal

Once we have your loan document, escrow and title documents received, we will order your appraisal which takes about one week to get back depending on your location.

Sign Loan Docs

Upon receipt of your appraisal, we will finalize your loan application and get the loan cleared to close after which is when we will complete the loan documents for you to sign.

Fund you loan!

Afer signed loan docs are received back from the escrow company, we will get your loan proceeds wired to the escrow to disperse to you and you will be done!  Congratulation from the whole CMRE family

At Custom Mortgage and Real Estate, we understand that every borrower is unique. Here’s why we’re your best choice for soft money loans:

  • Personalized Service: We work closely with you to create a loan package that meets your needs.
  • Expert Guidance: Our team has extensive experience in both hard and soft money lending.
  • Fast Processing: We ensure quick approvals and closings so you can focus on your investments.
  • Transparent Terms: We offer clear and straightforward loan terms with no hidden fees.

Testimonials

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. They're great at what they do and very dedicated, so they're an awesome pick for any real estate transaction you might need. Save yourself the headache and go with CMRE.

Rene M Testimonial

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. Furthermore, they gave us the best terms out there, making sure we got the most bang for our buck. If you're looking for a reliable mortgage partner, Custom Mortgage is the way to go!

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. Knowledgeable and responsive team; in a word, they made everything smooth and efficient. I would definitely recommend them to anyone everyone.

fereshte kb testimonial

Fereshteh B

My real estate agent referred me to Custom Mortgage and had nothing but great things to say about them; now I completely understand why. They set me up with a mortgage at an astounding rate of 1.875%, which really blew my mind. The whole process was super easy, with them always there to help me out with my questions. Their professionalism and commitment made it all so easy. You should check out Custom Mortgage if you need help with anything real estate related.

max val testimonial

Max V

OMG, as a real estate agent, I have partnered with a lot of lenders, and I can literally say that Custom Mortgage stands above the rest! They have always come through with the best options for my family, my clients, and me whenever we need mortgage loans. Their team knows what they are doing and will get back to you in record time to make it easy and smooth. I recommend Custom Mortgage to all my clients, friends, and family for their mortgage needs! They always find the best possible solution for our needs.

cecilia C testimonial

Cecelia Q

Our Partners

  • What is a soft money loan? A soft money loan blends elements of conventional and hard money loans, offering flexibility in terms and qualification.
  • How does a soft money loan differ from a hard money loan? Soft money loans typically have lower interest rates and more flexible terms compared to hard money loans.
  • What properties are eligible? Investment and commercial properties are eligible for soft money loans.
  • What credit score do I need? A minimum credit score of 620 is generally required.
  • How quickly can I get approved? Approval times vary, but many loans are approved within a week.
  • What is the maximum LTV? The maximum loan-to-value ratio is 80%.
  • Can I use a soft money loan for a fix-and-flip? Yes, these loans are ideal for fix-and-flip projects.
  • Are there any fees associated with soft money loans? Yes, there may be origination fees, appraisal fees, and other standard loan costs.
  • Do you offer any special promotions? We are currently offering an appraisal fee credit at closing.
  • Can I refinance with a soft money loan? Yes, refinancing options are available.

Soft Money Loans Lending Territories

STATES

CITIES

COUNTIES

ALBirminghamJefferson
ALHuntsvilleMadison
ALMobileMobile
ALMontgomeryMontgomery
ALTuscaloosaTuscaloosa
AKAnchorageAnchorage Borough
AKFairbanksFairbanks North Star
AZChandlerMaricopa
AZGilbertMaricopa
AZGlendaleMaricopa
AZMesaMaricopa
AZPeoriaMaricopa
AZPhoenixMaricopa
AZScottsdaleMaricopa
AZSurpriseMaricopa
AZTempeMaricopa
AZTucsonPima
AZYumaYuma
ARFort SmithSebastian
ARLittle RockPulaski
CAAgoura HillsLos Angeles
CAAnaheimOrange County
CAAntiochContra Costa
CABakersfieldKern
CABerkeleyAlameda County
CABeverly HillsLos Angeles
CABurbankLos Angeles
CACalabasasLos Angeles
CACarlsbadSan Diego
CACarsonLos Angeles
CAChicoButte
CAChula VistaSan Diego
CAClovisFresno
CAConcordContra Costa
CACoronaRiverside
CACoronadoSan Diego
CACosta MesaOrange County
CACupertino Santa Clara
CADaly CitySan Mateo
CADana PointOrange
CADowneyLos Angeles
CAEl CajonSan Diego
CAEl MonteLos Angeles
CAElk GroveSacramento
CAEscondidoSan Diego
CAFairfieldSolano
CAFontanaSan Bernardino
CAFremontAlameda
CAFresnoFresno
CAFosterSan Mateo
CAFullertonOrange
CAGarden GroveOrange
CAGlendaleLos Angeles
CAHaywardAlameda
CAHillsboroughSan Mateo
CAHuntington BeachOrange
CAInglewoodLos Angeles
CAIrvineOrange
CALagunaOrange
CALa Habra HeightsLos Angeles
CALancasterLos Angeles
CALong BeachLos Angeles
CALos Altos HillsSanta Clara
CALos AngelesLos Angeles
CAMalibuLos Angeles
CAMarina Del ReyLos Angeles
CAMillbraeSan Mateo
CAMission ViejoOrange
CAModestoStranislaus
CAMoreno ValleyRiverside
CAMurrietaRiverside
CANewportOrange
CANorwalkLos Angeles
CAOaklandAlameda
CAOceansideSan Diego
CAOrindaContra Costa
CAOntarioSan Bernardino
CAOrangeOrange
CAOxnardVentura
CAPalmdaleLos Angeles
CAPasadenaLos Angeles
CAPomonaLos Angeles
CARancho CucamongaSan Bernardino
CAPalos Verdes EstatesLos Angeles
CARancho Palos VerdesLos Angeles
CARialtoSan Bernardino
CARichmondContra Costa
CARiversideRiverside
CARolling Hills EstatesLos Angeles
CARosevillePlacer
CASacramentoSacramento
CASalinasMonterey
CASan BernardinoSan Bernardino
CASan DiegoSan Diego
CASan FranciscoSan Francisco
CASan JoseSanta Clara
CASan MateoSan Mateo
CASanta AnaOrange
CASanta BarbaraSanta Barbara
CASanta ClaraSanta Clara
CASanta ClaritaLos Angeles
CASanta CruzSanta Cruz
CASanta MariaSanta Barbara
CASan MarinoLos Angeles
CASanta MonicaLos Angeles
CASanta RosaSonoma
CASausalitoMarin
CASherman OaksLos Angeles
CASimi ValleyVentura
CASolana BeachSolano
CASouth GateLos Angeles
CAStocktonSan Joaquin
CASunnyvaleSanta Clara
CATemeculaRiverside
CAThousand OaksVentura
CATorranceLos Angeles
CAVacavilleSolano
CAVallejoSolano
CAVenturaVentura
CAVictorvilleSan Bernardino
CAVisaliaTulare County
CAVistaSan Diego
CAWest CovinaLos Angeles
CAWestlake VillageLos Angeles
CAWestminsterOrange
CAWoodsideSan Mateo
COArvadaJefferson
COAuroraDouglas
COBoulderBoulder
COCentennialArapahoe
COColorado SpringsEl Paso
CODenverArapahoe
COFort CollinsLarimer
COGreeleyWeld
COLakewoodJefferson
COLongmontBoulder
COPuebloPueblo
COThorntonAdams
COWestminsterAdams
CTBridgeportFairfield
CTHartfordHartford
CTNew HavenNew Haven
CTStamfordFairfield
CTWaterburyNew Haven
DEDewey BeachSussex
DEDoverKent
DENewarkNew Castle
DEMiddletonNew Castle
DENorth StarNew Castle
DERehoboth BeachSussex
DEWilmingtonNew Castle
FLBoca RatonPalm Beach
FLCape CoralLee
FLClearwaterPinellas
FLCoral SpringsBroward
FLDavieBroward
FLFort LauderdaleBroward
FLGainesvilleAlachua
FLHialeahMiami-Dade
FLHollywoodBroward
FLJacksonvilleDuval
FLLakelandPolk
FLMiami BeachMiami-Dade
FLMiami GardensMiami-Dade
FLMiamiMiami-Dade
FLMiramarBroward
FLOcalaMarion
FLOrlandoOrange
FLPalm BayBrevard
FLPalm BeachPalm Beach
FLPembroke PinesBroward
FLPincrestMiami-Dade
FLPlantationBroward
FLPompano BeachBroward
FLPort Saint LucieSaint Lucie
FLSaint PetersburgPinellas
FLSunriseBroward
FLTallahasseeLeon
FLTampaHillsborough
FLWest Palm BeachPalm Beach
GAAthens-ClarkeClarke
GAAtlantaFulton
GAAugustaAugusta-Richmond
GAColumbusMuscogee
GARoswellFulton
GASandy SpringsFulton
GASavannahChatham
HIHonoluluHonolulu
IDBoiseAda
ILAuroraKane
ILChicagoCook
ILElginKane
ILJolietKendall
ILNapervilleDuPage
ILPeoriaPeoria
ILRockfordWinnebago
ILSpringfieldSangamon
ILWaukeganLake
INFort WayneAllen
INIndianapolisMarion
IACedar RapidsLinn
IADavenportPolk
IADes MoinesPolk
KSOverland ParkJohnson
KSWichitaSedgwick
KYLexingtonFayette
KYLouisvilleJefferson
LABaton RougeMarshall
LANew OrleansOrleans Parish
LAShreveportCaddo Parish
MEPortlandCumberland
MDBaltimoreBaltimore
MABostonSuffolk
MABrocktonPlymouth
MACambridgeMiddlesex
MAFall RiverBristol
MALowellMiddlesex
MALynnEssex
MANew BedfordBristol
MAQuincyNorfolk
MASpringfieldHampton
MAWorcesterWorcester
MIAnn ArborWashtenaw
MIDearbornWayne
MIDetroitWayne
MIFlintGenesee
MIGrand RapidsKent
MILansingIngham
MILivoniaWayne
MISterling HeightsMacomb
MIWarrenMacomb
MNMinneapolisHennepin
MNSaint PaulRamsey
MSJacksonHinds
MOKansas CityWyandotte
MOSpringfieldGreene
MOSaint LouisSaint Louis
MTBozemanGallatin
NELincolnLancaster
NEOmahaDouglas
NVHendersonClark
NVLas VegasClark
NVNorth Las VegasClark
NVRenoWashoe
NHManchesterHillsborough
NJElizabethUnion
NJJersey CityHudson
NJNewarkEssex
NJPatersonPassaic
NMAlbuquerqueBernalillo
NYAlbanyAlbany
NYBuffaloErie
NYNew YorkNew York
NYRochesterMonroe
NYYonkersWestchester
NCCaryChatham
NCCharlotteMecklenburg
NCDurhamDurham
NCFayettevilleCumberland
NCGreensboroGuilford
NCHigh PointGuilford
NCRaleighWake
NCWilmingtonNew Hanover
NCWinston-SalemForsyth
NDWillistonWilliams
OHAkronSummit
OHCincinnatiHamilton
OHClevelandCuyahoga
OHColumbusFranklin
OHDaytonMontgomery
OHToledoLucas
OKBroken ArrowTulsa
OKNormanCleveland
OKOklahoma CityOklamhoma
OKTulsaTulsa
ORBeavertonWashington
OREugeneLane
ORGreshamMultnomah
ORHillsboroWashington
ORPortlandMultnomah
ORSalemMarion
PAAllentownLehigh
PAErieErie
PAPhiladelphiaCentre
PAPittsburghAllenheny
RIProvidenceProvidence
SCCharlestonCharleston
SCNorth CharlestonBerkleley
SDSioux FallsMinnehaha
TNKnoxvilleKnox
TNMemphisShelby
TNMurfreesboroRutherford
TNNashvilleDavidson
TXAllenCollin
TXAmarilloPotter
TXArlingtonTarrant
TXAustinTravis
TXCarrolltonDallas
TXCorpus ChristiNueces
TXDallasDallas
TXDentonDenton
TXEl PasoEl Paso
TXFort WorthTarrant
TXFriscoCollin
TXGarlandDallas
TXGrand PrairieDallas
TXHoustonHarris
TXIrvingDallas
TXLaredoWebb
TXMcKinneyCollin
TXMesquiteDallas
TXPlanoCollin
TXRichardsonDallas
TXSan AntonioBexar
UTSalt Lake CitySalt Lake
VTBurlingtonAlamance
VAAlexandriaFairfax
VAChesapeakeChesapeake
VAHamptonElizabeth City
VANewport NewsWarwick
VANorfolkNorfolk
VAPortsmouthPortsmouth
VARichmondChesterfield
VARoanokeRoanoke
VAVirginia BeachVirgina Beach
WABellevueKing
WAEverettSnohomish
WAFederal WayKing
WAKentKing
WARentonKing
WASeattleKing
WASpokane ValleySpokane
WASpokaneSpokane
WATacomaPierce
WAVancouverClark
WAWashington, D.C.Washington
WAYakimaFerguson
WVCharlestonKanawha
WIGreen BayBrown
WIKenoshaKenosha
WIMadisonDane
WIMilwaukeeMilwaukee
WYGilletteCampbell

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