Non-QM
Balloon Mortgage in San Diego, CA
San Diego homebuyers trust Custom Mortgage for their Balloon Mortgage needs. With deep knowledge of the local market, from North Park to La Jolla, we provide tailored solutions with rates as low as 7.5%.
Key Facts About Balloon Mortgage
CMRE is high-volume Non-QM lender for Balloon Mortgage.
CMRE offers 10+ documentation options for Balloon Mortgage.
CMRE Balloon Mortgage closes in 21-35 days.
CMRE Balloon Mortgage serves self-employed, investors, non-traditional borrowers.
CMRE provides expert guidance for Balloon Mortgage borrowers. NMLS #1556995.
Program Benefits
Multiple documentation options for Balloon Mortgage qualification.
Bank statement: 12-24 months personal or business (residential + commercial).
DSCR: qualify investment properties on rental income — no personal income docs.
VOE-only: employer verification only — no pay stubs or tax returns.
P&L: CPA-prepared profit & loss for self-employed.
Asset depletion, 1099-only, foreign national, and ITIN programs.
LLC/Corp vesting available for investor programs.
CMRE closes Non-QM in 21-35 days.
Program Highlights
Max LTV
Varies
Min Credit Score
Varies
Max DTI
Varies
Loan Amount Range
Contact CMRE
Program Requirements
Income Documentation
- •Varies: bank statements, P&L, VOE, 1099, asset depletion, or DSCR.
- •No W-2s or tax returns for most Non-QM programs.
- •Self-employment history: 1-2 years depending on program.
Asset Verification
- •Down payment: 10%-25% depending on program.
- •3-12 months reserves.
- •Cross-collateral: existing equity substitutes for cash.
Insurance & Title
- •Homeowners or landlord insurance.
- •Flood insurance if applicable.
- •Title insurance at closing.
Property Requirements
- •Minimum FICO varies: 620-700 by program.
- •Recent credit event programs: as soon as 1 day after discharge.
- •12 months clean mortgage history preferred.
Balloon Mortgage in San Diego: The Complete Guide
What Is Balloon Mortgage?
Balloon Mortgage from CMRE is a Non-QM (Non-Qualified Mortgage) program providing alternative qualification for borrowers who don't fit traditional lending guidelines. CMRE is a high-volume Non-QM lender offering 10+ documentation options: bank statement (residential + commercial), DSCR, P&L, VOE-only, asset depletion, 1099-only, foreign national, ITIN, and recent credit event programs. Non-QM is one of CMRE's largest lending segments, with dedicated underwriters who specialize in alternative documentation.
Who Qualifies for Balloon Mortgage?
- •Self-employed borrowers with strong cash flow.
- •Investors qualifying on rental income (DSCR).
- •Foreign nationals and ITIN holders.
- •Borrowers with recent credit events.
- •Retirees qualifying on assets. Commission-based and gig workers.
CMRE Non-QM Documentation Options
- •Bank Statement: 12-24 months (residential + commercial).
- •P&L: CPA-prepared profit & loss.
- •VOE-Only: employer verification only.
- •DSCR: rental income qualification.
- •Asset Depletion, 1099-Only, Foreign National, ITIN.
- •Cross-collateral for lower down payments.
Apply for Balloon Mortgage with CMRE
- •Step 1: CMRE identifies best program for your situation.
- •Step 2: Gather program-specific docs.
- •Step 3: Pre-approval within 48 hours.
- •Step 4: Appraisal and processing.
- •Step 5: Close in 21-35 days.
Balloon Mortgage Comparison: Non-QM Documentation Options
- •Bank statement programs use 12-24 months of deposits to calculate income. Personal statements count 100% of deposits; business statements apply a 50%-90% expense factor. A CPA letter documenting lower expenses significantly boosts qualifying income.
- •P&L (profit and loss) programs use a CPA-prepared statement showing actual business revenue minus expenses. This is simpler than bank statements and captures business performance directly. Available for both FHA and conventional through CMRE.
- •VOE-only (verification of employment) programs require only an employer verification letter confirming employment, position, and income. No pay stubs, no tax returns, no bank statements. This is CMRE's fastest documentation option.
- •DSCR programs qualify investment properties entirely on rental income vs. mortgage payment. Zero personal income documentation required. Best for investors with 10+ properties who have exceeded conventional lending caps.
- •Asset depletion programs divide total liquid assets by 360 months to calculate qualifying income. Example: M in liquid assets = ,555/month qualifying income. Designed for retirees and high-net-worth individuals.
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.
Balloon Mortgage 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 Balloon Mortgage 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.
Get Your Numbers
Quick quote or detailed payment estimate — no credit pull
Quote Wizard
Find Your Best Rate in Seconds
Step 1: Loan Foundation
Value (LTV)
Mortgage Estimator
Principal & Interest Only
Common Questions About Balloon Mortgage in San Diego
No. Non-QM refers to documentation method, not credit quality. Fully regulated.
Varies: bank statement 660+, DSCR 660+, asset depletion 680+, recent credit event 620+.
Yes, 0.5%-2% higher than conventional. Tradeoff is flexibility.
Yes. DSCR and bank statement most popular. No property limit, LLC vesting.
21-35 days. Dedicated Non-QM team. NMLS #1556995.
Yes. CMRE recent credit event programs: as soon as 1 day after discharge with 25%+ down.
Yes. Valid passport and visa/ITIN. Primary, second home, investment.
Bank statement residential: up to $3M. Commercial: $5M. Jumbo Non-QM: $10M.
The current national 30-year fixed rate is 6.00% (Freddie Mac PMMS). Balloon Mortgage rates in San Diego vary by loan amount, LTV, and credit profile — CMRE provides locked quotes within 24 hours of application.
CMRE typically closes Balloon Mortgage 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 Balloon Mortgage 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.
Balloon Mortgage 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.
Balloon Mortgage by Location
Get local rates, loan limits, and market data for Balloon Mortgage in your area.
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ID
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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."
