Residential
Foreclosure/REO Loans in Los Angeles, CA
Los Angeles homebuyers trust Custom Mortgage for their Foreclosure/REO Loans needs. With deep knowledge of the local market, from Beverly Hills to Encino, we provide tailored solutions with rates as low as 6.875%.
Key Facts About Foreclosure/REO Loans
CMRE Foreclosure/REO Loans offers competitive rates for qualified borrowers.
CMRE processes Foreclosure/REO Loans in 21-30 days from application.
CMRE offers cross-collateral options for Foreclosure/REO Loans.
CMRE Foreclosure/REO Loans accepts alternative income documentation for self-employed.
CMRE processes Foreclosure/REO Loans in 21-30 days.
CMRE Foreclosure/REO Loans accepts alternative income documentation.
CMRE Foreclosure/REO Loans available for primary, second home, and investment.
Program Benefits
Potential for significant savings by purchasing properties below market value.
Competitive interest rates starting at 6.875% to help you manage your monthly payments.
Flexible loan terms to suit your individual financial needs.
Opportunity to acquire properties with unique characteristics and potential for appreciation.
Expert guidance from CMRE's experienced loan officers throughout the foreclosure/REO purchasing process.
Simplified application process to make your home buying experience as smooth as possible.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
55%
Loan Amount Range
$50,000 - $2,000,000
Amortization Options
Eligible Properties
- Single Family
- Townhouse
- Condo
- Multi-Family (up to 4 units)
Program Requirements
Income Documentation
- •Stable and verifiable income history.
- •Debt-to-income ratio that meets program guidelines.
- •Proof of consistent employment or self-employment.
- •Sufficient income to cover mortgage payments, property taxes, and insurance.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Verification of funds through bank statements and other documentation.
- •Reserves to cover several months of mortgage payments.
- •Acceptable asset types include savings, checking, and investment accounts.
Insurance & Title
- •Homeowners insurance policy to protect against property damage.
- •Flood insurance if the property is located in a flood zone.
- •Title insurance to protect against ownership disputes.
- •Proof of insurance coverage prior to closing.
Property Requirements
- •Minimum FICO score of 620.
- •Review of credit history to assess creditworthiness.
- •Explanation for any past credit issues or delinquencies.
- •Demonstrated ability to manage debt responsibly.
Foreclosure/REO Loans in Los Angeles: The Complete Guide
What Is Foreclosure/REO Loans?
Foreclosure properties are homes that lenders have repossessed due to the borrower's failure to make mortgage payments. REO (Real Estate Owned) properties are those that have gone through the foreclosure process and are now owned by the lender. Purchasing these properties can offer opportunities for significant savings, but it's crucial to understand the risks and navigate the process carefully. Factors such as property condition, potential liens, and legal complexities should be thoroughly investigated before making an offer.
Who Qualifies for Foreclosure/REO Loans?
- •Income documentation varies: W-2, 1-Year Tax Return (Freddie Mac), bank statement, VOE-only, or P&L options available through CMRE.
- •Credit requirements depend on specific Foreclosure/REO Loans guidelines — CMRE evaluates your full profile.
- •Down payment assistance programs can be combined with Foreclosure/REO Loans for eligible borrowers.
- •Cross-collateral options: leverage existing property equity to reduce your down payment.
Foreclosure/REO Loans vs. Other Options
- •CMRE compares Foreclosure/REO Loans against FHA, VA, and other residential programs to find lowest total cost.
- •Factors: credit score, down payment, self-employment status, property type, ownership period.
- •For self-employed: CMRE's VOE-only and P&L programs may provide better qualification.
- •CMRE runs multiple scenarios and recommends the program with best long-term value.
Apply for Foreclosure/REO Loans with CMRE
- •Step 1: Pre-qualification online, by phone, or via Instant Advisor.
- •Step 2: Pre-approval with documentation — issued within 24 hours.
- •Step 3: Property search — CMRE coordinates with your agent.
- •Step 4: Processing and underwriting in 14-21 days.
- •Step 5: Closing in 21-30 days total from application.
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 →Foreclosure/REO Loans in Los Angeles, CA
Get competitive mortgage rates in Los Angeles from a local lender who understands the Southern California market. Custom Mortgage & Real Estate specializes in providing high-fidelity Foreclosure/REO Loans solutions tailored to the unique economic landscape of Los Angeles and the surrounding Los Angeles County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireLos Angeles metropolitan area.
Service Areas & Neighborhoods
Our Los Angeles Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About Foreclosure/REO Loans in Los Angeles
What are current Foreclosure/REO Loans rates in Los Angeles, CA?
Foreclosure/REO Loans rates in Los Angeles depend on loan amount, credit profile, and property type. CMRE publishes updated Los Angeles rate ranges daily and provides locked quotes within 24 hours of application.
How long does Foreclosure/REO Loans closing take in Los Angeles?
CMRE typically closes Foreclosure/REO Loans loans in Los Angeles within 21-30 days from application. Pre-approval takes 24 hours, and our CA-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What Los Angeles neighborhoods qualify for Foreclosure/REO Loans?
All residential neighborhoods in Los Angeles and Los Angeles County qualify for Foreclosure/REO Loans through CMRE. Single-family homes, condos, townhomes, and 2-4 unit properties are eligible. Our local team can advise on specific HOA or condo project approval requirements.
Does CMRE offer first-time buyer programs in Los Angeles?
Yes. CMRE offers first-time homebuyer programs in Los Angeles including down payment assistance, 3% down conventional, and FHA 3.5% options. CA residents may also qualify for state-specific grants and bond programs.
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 foreclosure is the legal process by which a lender takes possession of a property due to the borrower's failure to make mortgage payments. An REO (Real Estate Owned) property is a property that has gone through the foreclosure process and is now owned by the lender.
The primary advantage is the potential for significant savings, as these properties are often priced below market value. They can also offer opportunities to acquire properties with unique characteristics or in desirable locations.
Potential risks include the property's condition (which may require repairs), the presence of liens or encumbrances, and the possibility of competition from other buyers. It's essential to conduct thorough research and due diligence before making an offer.
The minimum FICO score required for a CMRE Foreclosure/REO Loan is 620.
Requirements vary. CMRE offers options as low as 3% for qualified borrowers and cross-collateral options that use existing property equity.
Yes. CMRE offers 1-Year Tax Return (Freddie Mac), bank statement, P&L, and VOE-only programs for self-employed.
CMRE typically closes in 21-30 days. Pre-approval within 24 hours.
Depends on program. CMRE also offers DSCR and bank statement investment-specific programs.
Foreclosure/REO Loans by Location
Get local rates, loan limits, and market data for Foreclosure/REO 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."
