Non-QM
WVOE Only Mortgages in Los Angeles, CA
Los Angeles homebuyers trust Custom Mortgage for their WVOE Only Mortgages 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 WVOE 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 WVOE Only Mortgages.
CMRE offers 10+ documentation options for WVOE Only Mortgages.
CMRE WVOE Only Mortgages closes in 21-35 days.
Program Benefits
Simplified Qualification: Qualify using only your WVOE, eliminating the need for extensive tax returns.
Competitive Rates: Access attractive interest rates, starting at 7.5%, designed for Non-QM borrowers.
Higher Loan Amounts: Secure the financing you need with loan options tailored to your unique financial situation.
Flexible Terms: Choose from a variety of loan terms to fit your budget and financial goals.
Purchase or Refinance: Utilize WVOE Only Mortgages for both purchasing a new home or refinancing your existing mortgage.
Ideal for Self-Employed: Perfect for entrepreneurs, freelancers, and small business owners with unconventional income documentation.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $2M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Verification of Employment (WVOE) required.
- •Minimum of 2 years of employment history.
- •Stable and consistent employment is crucial.
- •Income should be sufficient to cover mortgage payments and other debts.
Asset Verification
- •Sufficient assets to cover down payment, closing costs, and reserves.
- •Acceptable asset types include savings accounts, checking accounts, and investment accounts.
- •Verification of funds is required through bank statements and other documentation.
- •Gift funds may be considered with proper documentation.
Insurance & Title
- •Homeowners insurance is required to protect the property.
- •Flood insurance may be required depending on the property's location.
- •Mortgage insurance may be required depending on the loan-to-value ratio.
Property Requirements
- •Minimum FICO score of 660 required.
- •A history of responsible credit use is essential.
- •No recent bankruptcies or foreclosures.
- •Late payments and collections may impact eligibility.
WVOE Only Mortgages in Los Angeles: The Complete Guide
What Is WVOE Only Mortgages?
A WVOE Only Mortgage is a type of Non-Qualified Mortgage (Non-QM) that allows borrowers to qualify for a home loan using only a Verification of Employment (WVOE) form instead of traditional income documentation like tax returns and pay stubs. This is particularly beneficial for self-employed individuals, freelancers, and entrepreneurs who may have difficulty providing traditional income verification.
Who Qualifies for WVOE 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 WVOE 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 WVOE 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
Est. Monthly Payment in Los Angeles County
$4,221/mo
Based on $880,000 median · 20% down · P&I only
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Est. Monthly Payment in Los Angeles County
$5,726/mo
Based on $880,000 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Live Market Data: Los Angeles County
Source: Redfin · 2026-01-31Median Sale Price
$880,000
Median List Price
$958,000
Price / Sq Ft
$573.729
Days on Market
69
Active Listings
13,791
Homes Sold
2,897
Sale-to-List Ratio
99.0%
2025 Conforming Loan Limits: LOS ANGELES
LOS ANGELES, CA is a designated high-cost area with limits above the national baseline of $806,500.
1-Unit (SFR)
$1,209,750
2-Unit (Duplex)
$1,548,480
3-Unit (Triplex)
$1,871,483
4-Unit (Fourplex)
$2,326,349
Source: FHFA 2025 Conforming Loan Limits. Loans above these limits require jumbo financing.
DSCR Coverage — Los Angeles County, CA
HUD FY2025 Fair Market RentsHUD Fair Market Rents represent the estimated 40th percentile gross rent for standard units in Los Angeles County. At a 7.5% DSCR benchmark rate with a 1.0× coverage ratio, each bedroom type below supports the following maximum financing.
Studio
HUD Rent
$1,567/mo
Max Financing
$224,109
1 Bedroom
HUD Rent
$1,943/mo
Max Financing
$277,883
2 Bedroom
HUD Rent
$2,388/mo
Max Financing
$341,526
3 Bedroom
HUD Rent
$3,170/mo
Max Financing
$453,366
4 Bedroom
HUD Rent
$3,623/mo
Max Financing
$518,153
Max financing calculated at 1.0× DSCR, 30-year amortization, 7.5% annual rate. Actual DSCR qualification depends on property expenses, vacancy, and lender overlays. Contact CMRE for a property-specific DSCR analysis.
WVOE Only Mortgages 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 WVOE Only Mortgages 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.
Multi-family properties are in high demand; look into 2-4 unit conventional financing.
Service Areas & Neighborhoods
Our Los Angeles Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Recent CMRE Closings in California
Funded TransactionsConventional Cash-Out Refinance, Los Angeles CA
Los Angeles, CA
Hard Money JR LIEN, Willowbrook CA
Willowbrook, CA
Commercial Property Financing, Silicon Valley CA
Silicon Valley, CA
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
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Common Questions About WVOE Only Mortgages in Los Angeles
WVOE stands for Verification of Employment. It's a form completed by your employer that verifies your employment status, job title, and income. It serves as an alternative to traditional income documentation for mortgage approval.
The primary advantage is simplified qualification. You don't need to provide extensive tax returns or other income documents. This makes it easier for self-employed individuals and others with non-traditional income to get approved for a mortgage.
Interest rates for WVOE Only Mortgages typically start at 7.5%, but can vary depending on your credit score, loan-to-value ratio, and other factors. Contact us for a personalized rate quote.
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.
21-35 days with dedicated Non-QM underwriting team. Pre-approval in 48 hours.
The current national 30-year fixed rate is 6.00% (Freddie Mac PMMS). WVOE Only Mortgages rates in Los Angeles vary by loan amount, LTV, and credit profile — CMRE provides locked quotes within 24 hours of application.
CMRE typically closes WVOE Only Mortgages loans in Los Angeles within 21-30 days from application. The Los Angeles County market has seen home prices fall 0.6% year-over-year — buyers currently have more leverage, but rate locks still protect you from market moves. Our CA-licensed team coordinates title, escrow, and appraisal concurrently to minimize time-to-close.
Yes. CMRE WVOE Only Mortgages 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.
WVOE 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 Los Angeles team guides you through the most favorable documentation path.
WVOE Only Mortgages by Location
Get local rates, loan limits, and market data for WVOE Only Mortgages in your area.
CA
CO
GA
ID
IL
MI
NJ
NY
OH
OR
VA
WA
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."
