Government
FHA VOE Only in Milwaukee, WI
Looking for the best FHA VOE Only in Milwaukee, WI? Our local team specializes in helping Milwaukee residents secure competitive financing. Whether you're buying in Third Ward or Bay View, we have the expertise to guide you.
Key Facts About FHA VOE Only
CMRE FHA loans require a minimum down payment of 3.5%.
FHA loans from CMRE accept FICO scores as low as 580.
CMRE FHA mortgages include upfront and annual mortgage insurance premiums.
FHA loans at CMRE allow seller concessions up to 6% of the purchase price.
CMRE processes FHA loans for single-family homes, condos, and 2-4 unit properties.
CMRE is an approved government lender for FHA VOE Only.
CMRE offers VOE-only and P&L options for FHA VOE Only.
CMRE closes FHA VOE Only in 25-35 days.
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.
FHA VOE Only in Milwaukee: The Complete Guide
What Is FHA VOE Only?
The FHA VOE Only loan program is designed to simplify the mortgage application process by primarily relying on Verification of Employment (VOE) for income qualification. This can be beneficial for borrowers who have consistent employment but may have difficulty documenting income through traditional methods. Backed by the FHA, these loans offer competitive rates and flexible terms, making homeownership more accessible.
Eligibility for FHA VOE Only
- •Eligibility depends on the specific agency requirements (FHA/VA/USDA).
- •FHA: primary residence, meets HUD property standards, 580+ FICO (500 with 10% down).
- •VA: eligible military service or surviving spouse status, no down payment.
- •USDA: eligible rural area, income limits apply.
- •CMRE evaluates your situation and recommends FHA VOE Only or alternatives with lower total cost.
CMRE Specialty Programs for FHA VOE Only
- •VOE-Only FHA: qualify with employer verification only — no pay stubs or tax returns.
- •P&L FHA: CPA-prepared profit & loss for self-employed qualification.
- •FHA Streamline: refinance with no appraisal, no income verification.
- •VA IRRRL: streamline refinance for veterans with minimal documentation.
- •CMRE processes government loans faster than industry average.
Apply for FHA VOE Only with CMRE
- •Step 1: CMRE determines eligibility and provides rate estimate.
- •Step 2: Documentation varies by program (standard, VOE-only, or P&L).
- •Step 3: Pre-approval within 24 hours.
- •Step 4: Government appraisal and underwriting coordinated by CMRE.
- •Step 5: Closing in 25-35 days 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 →FHA VOE Only in Milwaukee, WI
Milwaukee mortgage lending. Conventional, FHA, and first-time buyer programs for Milwaukee County. Custom Mortgage & Real Estate specializes in providing high-fidelity FHA VOE Only solutions tailored to the unique economic landscape of Milwaukee and the surrounding Milwaukee County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireMilwaukee metropolitan area.
Service Areas & Neighborhoods
Our Milwaukee Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About FHA VOE Only in Milwaukee
What are current FHA VOE Only rates in Milwaukee, WI?
FHA VOE Only rates in Milwaukee depend on loan amount, credit profile, and property type. CMRE publishes updated Milwaukee rate ranges daily and provides locked quotes within 24 hours of application.
How long does FHA VOE Only closing take in Milwaukee?
CMRE typically closes FHA VOE Only loans in Milwaukee within 21-30 days from application. Pre-approval takes 24 hours, and our WI-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What are FHA/VA loan limits in Milwaukee County?
FHA and VA loan limits in Milwaukee County are set annually by HUD and the VA. CMRE's Milwaukee team can confirm your current county limit and help you maximize your purchasing power within WI guidelines.
Do I need to be a veteran for FHA VOE Only in Milwaukee?
VA loans require veteran status or active military service. For non-veterans in Milwaukee, CMRE offers FHA and USDA government-backed programs with similarly competitive rates and low down payment requirements.
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.
FHA: 580+ (500 with 10% down). VA: no official minimum (generally 580-620). CMRE evaluates each case.
Most government programs require owner-occupancy. VA allows multi-unit (up to 4) if you live in one.
FHA: $498,257-$1,209,750 by county. VA: no limit with full entitlement. Contact CMRE for your county.
Yes. CMRE's VOE-only and P&L specialty programs make government loans accessible to self-employed.
FHA VOE Only 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."
