Non-QM
P&L Only Mortgages in Portland, OR
Secure your P&L Only Mortgages in Portland with a lender who understands the local landscape. We serve all of Multnomah County, including Alberta Arts and Hawthorne, offering fast approvals and personalized service.
Key Facts About P&L Only Mortgages
CMRE bank statement loans use 12 or 24 months of deposits instead of tax returns.
Bank statement loans from CMRE serve self-employed borrowers and business owners.
CMRE bank statement programs accept personal or business account statements.
Bank statement loans at CMRE offer loan amounts up to $5 million.
CMRE bank statement rates are competitive with traditional full-documentation programs.
CMRE is a high-volume Non-QM lender for P&L Only Mortgages.
CMRE offers 10+ documentation options for P&L Only Mortgages.
CMRE P&L Only Mortgages closes in 21-35 days.
Program Benefits
Streamlined qualification process using your business's Profit & Loss statement.
Ideal for self-employed borrowers and entrepreneurs with complex income situations.
Competitive interest rates starting at 7.5% for qualified borrowers.
Higher loan amounts available compared to traditional mortgage programs.
Flexible loan terms to fit your specific financial needs.
Avoid the complexities of traditional income verification methods.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- Multi-Family (1-4 Units)
Program Requirements
Income Documentation
- •Demonstrate consistent profitability through your business's P&L statements.
- •Provide a minimum of two years of business financial history.
- •Clearly show sufficient income to cover the mortgage payments and other debts.
- •Business must be in good standing and actively operating.
Asset Verification
- •Sufficient assets to cover the down payment, closing costs, and reserves.
- •Demonstrate a history of sound financial management.
- •Acceptable asset types include savings, checking, and investment accounts.
- •Gift funds may be considered with proper documentation.
Insurance & Title
- •Homeowners insurance policy to protect the property.
- •Flood insurance may be required depending on the property's location.
- •Proof of insurance coverage is required at closing.
- •CMRE can assist in finding suitable insurance options.
Property Requirements
- •Minimum FICO score of 660 or higher.
- •A credit history demonstrating responsible financial behavior.
- •Limited number of past delinquencies or derogatory marks.
- •Explanation for any significant credit issues may be required.
P&L Only Mortgages in Portland: The Complete Guide
What Is P&L Only Mortgages?
P&L Only Mortgages are a specialized loan program designed for self-employed individuals and business owners who may not qualify for traditional mortgages due to complex income documentation requirements. Instead of relying on W-2s and pay stubs, these mortgages primarily use the business's Profit and Loss (P&L) statement to assess the borrower's ability to repay the loan. This approach offers a more flexible and streamlined path to homeownership for entrepreneurs and freelancers.
Who Qualifies for P&L Only Mortgages?
- •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 P&L Only Mortgages
- •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 P&L Only Mortgages 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 →P&L Only Mortgages in Portland, OR
Portland mortgage lending for Multnomah County. First-time buyer and conventional programs. Custom Mortgage & Real Estate specializes in providing high-fidelity P&L Only Mortgages solutions tailored to the unique economic landscape of Portland and the surrounding Multnomah County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entirePortland metropolitan area.
Service Areas & Neighborhoods
Our Portland Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About P&L Only Mortgages in Portland
What are current P&L Only Mortgages rates in Portland, OR?
P&L Only Mortgages rates in Portland depend on loan amount, credit profile, and property type. CMRE publishes updated Portland rate ranges daily and provides locked quotes within 24 hours of application.
How long does P&L Only Mortgages closing take in Portland?
CMRE typically closes P&L Only Mortgages loans in Portland within 21-30 days from application. Pre-approval takes 24 hours, and our OR-licensed team coordinates title, escrow, and appraisal concurrently to save time.
Can self-employed borrowers get P&L Only Mortgages in Portland?
Yes. CMRE P&L Only Mortgages programs serve self-employed Portland borrowers using 12-24 months of bank statements instead of tax returns. Business owners, freelancers, and gig workers in Multnomah County qualify under non-QM guidelines.
What documentation does P&L Only Mortgages require in Portland?
P&L Only Mortgages through CMRE requires alternative documentation instead of traditional tax returns. Options include bank statements, 1099 forms, asset verification, or profit & loss statements. Our Portland 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
A P&L Only Mortgage is a type of loan that uses your business's profit and loss statement to verify income instead of traditional methods like W-2s and pay stubs. It's designed for self-employed individuals and business owners.
The main benefit is a simplified qualification process, especially for those with complex income situations. It allows you to qualify for a mortgage based on your business's financial performance.
At CMRE, we require a minimum FICO score of 660 for our P&L Only Mortgage program.
The maximum Loan-to-Value (LTV) for our P&L Only Mortgage program is 80%.
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.
P&L Only Mortgages by Location
Get local rates, loan limits, and market data for P&L Only Mortgages 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."
