Non-QM
Bad Credit Mortgage in Houston, TX
Secure your Bad Credit Mortgage in Houston with a lender who understands the local landscape. We serve all of Harris County, including Montrose and River Oaks, offering fast approvals and personalized service.
Key Facts About Bad Credit Mortgage
CMRE is a high-volume Non-QM lender for Bad Credit Mortgage.
CMRE offers 10+ documentation options for Bad Credit Mortgage.
CMRE Bad Credit Mortgage closes in 21-35 days.
CMRE Bad Credit Mortgage serves self-employed, investors, and non-traditional borrowers.
CMRE is high-volume Non-QM lender for Bad Credit Mortgage.
CMRE Bad Credit Mortgage serves self-employed, investors, non-traditional borrowers.
Program Benefits
Opportunity for homeownership even with a less-than-perfect credit history.
Competitive rates starting at 7.5% for qualified borrowers.
More flexible qualification requirements compared to traditional mortgages.
Potential to rebuild your credit score through responsible mortgage payments.
Access to a variety of loan options tailored to your specific financial situation.
Expert guidance from CMRE's experienced mortgage professionals.
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
Program Requirements
Income Documentation
- •Stable and verifiable income sources required.
- •Acceptable documentation includes pay stubs, W-2s, and tax returns.
- •Self-employed applicants need to provide business tax returns and profit & loss statements.
- •Sufficient income to comfortably afford mortgage payments and other debts.
Asset Verification
- •Sufficient assets to cover down payment, closing costs, and reserves.
- •Acceptable asset types include savings accounts, checking accounts, and investment accounts.
- •Gift funds may be considered with proper documentation.
- •Verification of funds required through bank statements.
Insurance & Title
- •Homeowners insurance policy required to protect the property.
- •Flood insurance may be required depending on the location of the property.
- •Proof of insurance coverage needed prior to closing.
- •CMRE can assist with finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660 required.
- •Review of credit report to assess credit history and identify any derogatory marks.
- •Explanation of any past credit issues may be required.
- •Focus on recent credit behavior and repayment history.
Bad Credit Mortgage in Houston: The Complete Guide
What Is Bad Credit Mortgage?
Bad credit mortgages are designed for borrowers who may not qualify for traditional mortgages due to past credit issues. These loans often have more flexible qualification requirements but may also come with slightly higher interest rates to compensate for the increased risk. CMRE's Bad Credit Mortgage program offers a viable option for individuals seeking homeownership despite credit challenges.
Who Qualifies for Bad Credit Mortgage?
- •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 Bad Credit Mortgage
- •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 Bad Credit Mortgage 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
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Bad Credit Mortgage in Houston, TX
Houston's trusted mortgage partner. Serving The Heights, River Oaks, and the greater Houston area with competitive rates. Custom Mortgage & Real Estate specializes in providing high-fidelity Bad Credit Mortgage solutions tailored to the unique economic landscape of Houston and the surrounding Harris County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireHouston metropolitan area.
Service Areas & Neighborhoods
Our Houston Presence
Local Knowledge. Global Rates.
2800 Post Oak Blvd
Houston, TX 77056
Direct Line
877-976-5669Common Questions About Bad Credit Mortgage in Houston
What are current Bad Credit Mortgage rates in Houston, TX?
Bad Credit Mortgage rates in Houston depend on loan amount, credit profile, and property type. CMRE publishes updated Houston rate ranges daily and provides locked quotes within 24 hours of application.
How long does Bad Credit Mortgage closing take in Houston?
CMRE typically closes Bad Credit Mortgage loans in Houston within 21-30 days from application. Pre-approval takes 24 hours, and our TX-licensed team coordinates title, escrow, and appraisal concurrently to save time.
Can self-employed borrowers get Bad Credit Mortgage in Houston?
Yes. CMRE Bad Credit Mortgage programs serve self-employed Houston borrowers using 12-24 months of bank statements instead of tax returns. Business owners, freelancers, and gig workers in Harris County qualify under non-QM guidelines.
What documentation does Bad Credit Mortgage require in Houston?
Bad Credit Mortgage through CMRE requires alternative documentation instead of traditional tax returns. Options include bank statements, 1099 forms, asset verification, or profit & loss statements. Our Houston team guides you through the most favorable documentation path.
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
Generally, a FICO score below 660 may be considered bad credit for mortgage purposes. However, CMRE's Bad Credit Mortgage program is designed to accommodate borrowers with scores in this range.
Interest rates for bad credit mortgages tend to be slightly higher than those for conventional mortgages due to the increased risk. CMRE's Bad Credit Mortgage program offers competitive rates starting at 7.5%, depending on your specific financial situation and credit profile.
Yes, you can refinance a bad credit mortgage once your credit score improves and your financial situation becomes more stable. Refinancing can potentially help you secure a lower interest rate and reduce your monthly payments. CMRE offers refinancing options to help you achieve your financial goals.
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.
21-35 days with dedicated Non-QM underwriting team. Pre-approval in 48 hours.
Bad Credit Mortgage by Location
Get local rates, loan limits, and market data for Bad Credit Mortgage in your area.
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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."
