WVOE only loans.
6 cakes take WVOE only.
Every cake with a published matrix for this income type, largest loan first. Open one for its limits and matrix.
- Sponge Cake
620+ · 80% LTV · to $3M
- Bundt Cake
660+ · 80% LTV · to $3M
- Cheese Cake
680+ · 80% LTV · to $3M
- Coffee Cake Lite
680+ · 80% LTV · to $3M
- Sponge Cake Lite
620+ · 80% LTV · to $1.5M
- Pound Cake Lite
700+ · 80% LTV · to $1.5M
- Cup Cake
620+ · 80% LTV · to $1M
What the file needs.
Income as the employer states it on FNMA Form 1005. Bonus, commission, and overtime count when most income is base pay.
- Two years with the same employer, verified by HR, payroll, or a company officer
- FNMA Form 1005
- Primary residence only
- No paystubs, tax returns, W-2s, or 4506-C
- A verbal verification of employment within 3 days of closing
From the Non-QM guidelines, version 5.0, section 6.6. The guidelines and matrix govern every file.
Read the guidelines (PDF, opens in a new tab)Check a scenario.
Move the score, LTV, and loan amount. The cakes that take it line up.
6 counting their Lite and Investor versions
One change away
Limits from the published matrices. The guidelines govern every file.
Other ways to document income
Have one of these files?
Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.
Already approved? Log in to TPO Connect (opens in a new tab)
