Non-QM
NonQM Loans in Los Angeles, CA
Looking for the best NonQM Loans in Los Angeles, CA? Our local team specializes in helping Los Angeles residents secure competitive financing. Whether you're buying in Encino or Sherman Oaks, we have the expertise to guide you.
Key Facts About NonQM Loans
CMRE is a high-volume Non-QM lender offering 10+ alternative lending programs.
CMRE Non-QM loans range from $100,000 to $10,000,000.
CMRE VOE-only programs qualify borrowers with employer verification alone.
CMRE P&L programs qualify self-employed borrowers using profit and loss statements.
CMRE Non-QM recent credit event programs allow qualification 1 day after discharge.
CMRE offers both residential and commercial bank statement Non-QM programs.
CMRE Non-QM cross-collateral programs leverage existing property equity.
CMRE Non-QM foreign national programs serve non-US citizen borrowers.
Program Benefits
Bank statement loans: qualify using 12-24 months of deposits instead of tax returns (residential + commercial).
DSCR loans: qualify investment properties using rental income only — no personal income docs.
P&L program: self-employed borrowers qualify using CPA-prepared profit & loss statements.
VOE-only: W-2 employees qualify with employer verification alone — no pay stubs or tax returns.
Asset depletion: qualify using liquid investment assets divided over the loan term.
1099-only: qualify using 1-2 years of 1099 forms.
Foreign national and ITIN programs for non-US citizen borrowers.
Recent credit event programs: qualify as soon as 1 day after bankruptcy discharge or foreclosure.
Cross-collateral: leverage equity from existing properties to lower down payments.
Interest-only options available across multiple Non-QM programs.
No limit on number of financed properties for investor programs.
LLC/Corp/Trust vesting available for asset protection.
Program Highlights
Max LTV
90% (varies by program)
Min Credit Score
620 (varies by program)
Max DTI
50% (or N/A for DSCR)
Loan Amount Range
$100,000 - $10,000,000
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- 2-4 Units
- 5+ Unit Multifamily
- Mixed-Use
- Commercial
Program Requirements
Income Documentation
- •Varies by program — bank statements, P&L, VOE, 1099, or asset depletion.
- •No W-2s or tax returns required for most Non-QM programs.
- •Self-employment history of 1-2 years depending on program.
- •DSCR programs require no personal income documentation at all.
Asset Verification
- •Down payment 10%-25% depending on program and property type.
- •3-12 months reserves depending on program.
- •Gift funds accepted for primary residence programs.
- •Cross-collateral: existing equity can substitute for cash.
Insurance & Title
- •Homeowners or landlord insurance required.
- •Flood insurance if applicable.
- •Title insurance at closing.
Property Requirements
- •Minimum FICO varies: 620-700 depending on program.
- •Recent credit event programs: no minimum waiting period with 25%+ down.
- •Collections and judgments evaluated case-by-case.
- •12 months clean mortgage history preferred but not always required.
NonQM Loans in Los Angeles: The Complete Guide
What Is a Non-QM Loan?
Non-QM (Non-Qualified Mortgage) loans are residential and commercial mortgages that don't meet the Consumer Financial Protection Bureau's (CFPB) definition of a Qualified Mortgage. This doesn't mean they're risky or subprime — it means they use alternative methods to verify a borrower's ability to repay. Traditional QM loans require specific debt-to-income ratios, standard income documentation, and conformance to agency guidelines. Non-QM loans provide flexibility on all three: alternative income verification (bank statements, P&L, assets), higher DTI allowances, and programs for borrowers with unique situations (self-employed, investors, foreign nationals, recent credit events). The Non-QM market has grown to over $25 billion in annual origination volume as more borrowers seek flexible financing.
CMRE Non-QM Product Suite
- •Bank Statement (Residential): 12-24 months personal/business statements. Primary, second, investment. $100K-$3M.
- •Bank Statement (Commercial): 5+ unit, mixed-use, commercial. $250K-$5M. LLC/Corp vesting.
- •DSCR: Investment property qualification on rental income only. $100K-$5M. No personal income.
- •P&L Program: CPA-prepared profit & loss for self-employed FHA and conventional qualification.
- •VOE-Only: Employer verification only — no pay stubs or tax returns. For FHA and conventional.
- •Asset Depletion: Liquid assets / 360 months = qualifying income. For retirees and HNWI.
- •1099-Only: 1-2 years of 1099 forms for independent contractors.
- •Foreign National / ITIN: Programs for non-US borrowers with valid passport and visa/ITIN.
- •Recent Credit Event: Qualify as soon as 1 day after BK/foreclosure with 25%+ down.
- •Cross-Collateral: Pledge equity from existing properties to reduce down payment.
Who Needs a Non-QM Loan?
- •Self-employed borrowers whose tax returns understate actual income.
- •Real estate investors with 10+ financed properties exceeding conventional limits.
- •Foreign nationals and ITIN holders purchasing US property.
- •Borrowers with recent bankruptcy, foreclosure, or short sale.
- •Retirees with substantial assets but limited traditional income.
- •Business owners who take minimal salary and reinvest profits.
- •Commission-based and 1099 workers with variable income.
- •High-net-worth individuals with complex income structures.
Non-QM vs. Conventional vs. FHA
- •Conventional/FHA: strict income docs, DTI limits, waiting periods after credit events. Lowest rates.
- •Non-QM: flexible docs, higher DTI, shorter credit event waiting periods. Rates 0.5%-2% higher.
- •For self-employed: Non-QM bank statement often qualifies for higher amounts than conventional tax return because actual cash flow exceeds reported taxable income.
- •CMRE runs both conventional and Non-QM scenarios to show borrowers their best option.
- •Many CMRE borrowers use conventional for their primary home and Non-QM (DSCR/bank statement) for investment properties.
How to Apply for a Non-QM Loan with CMRE
- •Step 1: Describe your situation — CMRE's team identifies the best Non-QM program for your scenario.
- •Step 2: Gather alternative documentation based on program: bank statements, P&L, 1099s, or asset statements.
- •Step 3: Pre-approval issued within 24-48 hours.
- •Step 4: Property identified — CMRE orders appraisal and begins processing.
- •Step 5: Underwriting by CMRE's dedicated Non-QM team — specialists who understand alternative documentation.
- •Step 6: Close in 21-35 days depending on program complexity.
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 →NonQM 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 NonQM 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 NonQM Loans in Los Angeles
What are current NonQM Loans rates in Los Angeles, CA?
NonQM 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 NonQM Loans closing take in Los Angeles?
CMRE typically closes NonQM 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.
Can self-employed borrowers get NonQM Loans in Los Angeles?
Yes. CMRE NonQM Loans programs serve self-employed Los Angeles borrowers using 12-24 months of bank statements instead of tax returns. Business owners, freelancers, and gig workers in Los Angeles County qualify under non-QM guidelines.
What documentation does NonQM Loans require in Los Angeles?
NonQM Loans through CMRE requires alternative documentation instead of traditional tax returns. Options include bank statements, 1099 forms, asset verification, or profit & loss statements. Our Los Angeles 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
Yes. Non-QM loans are fully regulated mortgage products that follow all federal and state lending laws. They simply use alternative income verification methods instead of traditional W-2/tax return documentation. The 'non-qualified' label refers to CFPB classification, not risk level.
CMRE offers bank statement (residential + commercial), DSCR, P&L, VOE-only, asset depletion, 1099-only, foreign national, ITIN, recent credit event, and cross-collateral programs.
Yes, typically 0.5%-2% higher depending on the program and borrower profile. The tradeoff is flexibility: Non-QM programs serve borrowers who cannot qualify for conventional financing at all.
Yes. CMRE's recent credit event program allows qualification as soon as 1 day after bankruptcy discharge with 25%+ down payment and a minimum FICO threshold.
Varies by program: bank statement 660+, DSCR 660+, recent credit event 620+, asset depletion 680+, foreign national 680+. CMRE evaluates the complete profile.
Yes. DSCR and bank statement programs are the most popular Non-QM products for investors. No limit on number of financed properties, and LLC/Corp vesting available.
Yes. CMRE finances non-US citizens with valid passport and visa/ITIN. Programs available for primary, second home, and investment properties. Min 25% down, 680 FICO or equivalent.
CMRE Non-QM programs range from $100,000 to $10,000,000 depending on the program. Bank statement residential up to $3M, commercial up to $5M, jumbo Non-QM up to $10M.
NonQM Loans by Location
Get local rates, loan limits, and market data for NonQM Loans in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
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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."
