Government
FHA VOE Only
Unlock the door to homeownership with the FHA VOE Only program from CMRE. This streamlined government-backed loan option simplifies the mortgage process, requiring only verification of employment for income qualification and offering rates starting at 6.25%. Ideal for borrowers with stable employment history, this program can help you achieve your dream of owning a home.
Program Benefits
Simplified income verification using only Verification of Employment (VOE).
Lower credit score requirements compared to conventional loans.
Competitive interest rates, starting at 6.25%, for qualified borrowers.
Backed by the Federal Housing Administration (FHA), offering added security.
Down payment options as low as 3.5% with a maximum LTV of 96.5%.
Potential for first-time homebuyers to enter the market more easily.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$50K - $1M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Stable employment history verified through a Verification of Employment (VOE).
- •Consistent income for a minimum period (typically 2 years).
- •Ability to demonstrate sufficient income to cover mortgage payments and other debts.
Asset Verification
- •Sufficient funds for the minimum required down payment.
- •Reserves to cover a few months of mortgage payments may be required.
- •Gift funds may be allowed with proper documentation.
Insurance & Title
- •Homeowners insurance is required to protect the property.
- •Mortgage insurance is required for the life of the loan.
- •Flood insurance may be required depending on the property's location.
Property Requirements
- •Minimum FICO score of 580.
- •A credit history demonstrating responsible financial behavior.
- •May require explanations for any past credit issues.
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 Verification of Employment (VOE) is a document provided by your employer that confirms your employment status, salary, and length of employment. It's a key component of the FHA VOE Only loan program, serving as the primary source of income verification.
The minimum FICO score for the FHA VOE Only program is 580. However, a higher credit score may qualify you for more favorable interest rates and loan terms.
Yes, mortgage insurance is required for all FHA loans, including the VOE Only option. This insurance protects the lender in case of default and helps to make homeownership more accessible for borrowers with lower down payments.
The maximum loan amount for an FHA VOE Only loan varies depending on the location of the property and FHA loan limits. Contact CMRE to determine the specific loan limits in your area.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
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."
