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VOE Doc Type!

posted Jan 6, 2011, 1:47 PM by Massey Kouhssari   [ updated Jul 20, 2011, 10:52 PM ]
WHAT WE CAN DO FOR YOU
 24 HOURS TURN TIME
30 and 15 year Fix
Conforming, DU Refi Plus, and High Balance!
VOE Doc Type! 
No W2, No Taxes, No Paystubs
Fully Written VOE form w/Ytd in substitute for W2 & Pay stubs or Taxes
Up to $729,750*NEW
Wage Earner Only
Up to 80% LTV 95% CLTV / Max 45% DTI
Minimum 620 Fico
1-4 Units
Purchase, Rate and Term, Cash Out
Conforming, DU Refi Plus, and High Balance!*
N/O/O Also Available up to 80% LTV
*Contact me for detail, pricing and guidelines subject to change.“A VOE with YTD income may be substituted for the paystub or for the paystub and W2” “The VOE must contain the prior year’s earnings if it is a substitute for 

 Added VOE guideline and updated the 

LTV to 80% LTV / 105% CLTV/HCLTV

VOE add-on will be reduced to 1.00% for all VOE locks. Our rate sheets has been updated to reflect this change. 

Loans previously locked under the prior VOE pricing add-on will not be affected or changed.


Purchase today sell tomorrow

 less then 90Days?

No Problem

No Title Seasoning for Purchase or Rate & Term? 
Only have 6 month Title Seasoning for Cash Out?
 -- No Problem! --

 

 Effective Date:  Effective Submissions on or after 


1/6/2011.

*Contact me for detail, pricing and guidelines subject to change.
GUIDELINE HIGHLIGHTS
 
  • VOE up to 80% LTV with 620 FICO
  • Business Funds may be used for down paymen (OO Only)
  • No limit on number of financed properties on Owner-occupied
  • 5-10 financed properties allowed for investment / 2nd Home (Additional Eligibility & Reserve Requirement must be met)
  • Rental income allowed WITHOUT 2 year landlord Experience
  • Less than 90 days allowed on flipped properties. (if increase in value more than 25%, 2nd Appraisal is required)
  • Transfered Appraisal allowed (must be HVCC-Compliant)
  • Max. Seller Credit for High Balance same as Conforming loan(75.01-80 LTV=6%)
  • Licensed in the following States: California

VOE Loans

If you are a cash earner & have problems proving your income,

but are well able to pay for a mortgage & want to buy a home,

then this No-Doc/VOE program is for you.

Program Highlights

  1. Put down at least 30% of downpayment.
  2. Prove that you are currently employed.
  3. Your FICO is at least 620.
  4. Downpayment can be 100% as gifts.

Current interest rate for 30-year fixed VOE program is about 5.25% to 5.5% (subject to change without notice), depending on your downpayment amount, FICO scores, property types, loan amount, etc.  Please check out our current interest rates for more details on rates and related fees.  Don't hesitate to call us if you have any questions.

THIS PROGRAM IS CURRENTLY NOT OFFERRED BY ANY LENDERS AT THIS TIME DUE TO FANNIE MAE AUDIT.  IF YOU ARE INTERESTED IN THIS PROGRAM, APPLY FOR A QUICK REQUEST & WE WILL CONTACT YOU WHEN THE PROGRAM RESUMES.

WE HAVE A NEW PORTFOLIO PROGRAM THAT DOESN'T NEED JOB VERIFICATION NOR INCOME DOCUMENTATION NOR , WHICH CAN BE A TEMPORARY ALTERNATIVE FOR THE VOE PROGRAM. 

*Contact me for details, Pricing and Guidelines subject to change. 

1-877-410-6663
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