ALTERNATIVE DOCUMENTATION
WVOE Only Mortgage Loan
Salaried borrower, two years with the same employer, and returns they cannot or will not produce. On Prime, Castor's WVOE mortgage program uses a written verification of employment as the income file. Primary residence only, and no gift funds.
What Is a WVOE Only Mortgage?
Castor Financial's WVOE mortgage program qualifies salaried borrowers on a written verification of employment alone, with no tax returns and no bank statements required. Minimum FICO is 680 and loan amounts reach $3 million. The program is limited to primary residences and gift funds are not allowed.
Why Brokers
Choose Castor
For WVOE Only Loans
The WVOE is the Whole File
PRIME
No tax returns and no bank statements. One verification form from the employer carries the income side of the underwrite.
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Loan Amounts to $3 million
PRIME
WVOE is not treated as a small-balance workaround here. It carries the full Prime ceiling.
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80% LTV at 720+ FICO
PRIME
A 720 FICO borrower reaches 80% on purchase and rate/term. Below 720 the cap is 75%, and cash-out refinances hold at 70% across the board.
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Cash-out and Interest-only Options
PRIME
WVOE borrowers can take cash-out to 70% LTV regardless of FICO tier, and the loan products include a 10 year interest-only option.
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Program Name | Max Loan Amount | Min FICO | Max LTV | Occupancy |
|---|---|---|---|---|
Prime | $3,000,000 | 680 | 80% at 720+ FICO / 75% below | Primary residence only |