Non-QM
Rental Property Loan in Los Angeles, CA
Los Angeles homebuyers trust Custom Mortgage for their Rental Property Loan needs. With deep knowledge of the local market, from Beverly Hills to Encino, we provide tailored solutions with rates as low as 7.5%.
Key Facts About Rental Property Loan
CMRE is high-volume Non-QM lender for Rental Property Loan.
CMRE offers 10+ documentation options for Rental Property Loan.
CMRE Rental Property Loan closes in 21-35 days.
CMRE Rental Property Loan serves self-employed, investors, non-traditional borrowers.
CMRE provides expert guidance for Rental Property Loan borrowers. NMLS #1556995.
Program Benefits
Multiple documentation options for Rental Property Loan 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.
Rental Property Loan in Los Angeles: The Complete Guide
What Is Rental Property Loan?
Rental Property Loan 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 Rental Property Loan?
- •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 Rental Property Loan 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.
Rental Property Loan 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
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 →Rental Property Loan 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 Rental Property Loan 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 Rental Property Loan in Los Angeles
What are current Rental Property Loan rates in Los Angeles, CA?
Rental Property Loan 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 Rental Property Loan closing take in Los Angeles?
CMRE typically closes Rental Property Loan 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 Rental Property Loan in Los Angeles?
Yes. CMRE Rental Property Loan 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 Rental Property Loan require in Los Angeles?
Rental Property Loan 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
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.
Rental Property Loan by Location
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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."
