Min. FICO 599 Up to 80% CLTV

WVOE loan represents a unique category of mortgage solutions, distinct from conventional or government-backed financing options. A Written Verification of Employment (WVOE) is a form that a borrower’s current employer completes. It helps to verify specific details about their employment: dates of hire, compensation structure (salary, bonus, commissions), and year to date earnings. At A&D Mortgage, WVOE form can be used to confirm a borrower’s income.

The same is true for our 1099 Income Program. Instead of tax returns, A&D, your trusted mortgage lender, uses the actual wages from your 1099 form as qualifying income for your new home loan. Both the 1099 and WVOE loan is a way to qualify for a Non-QM mortgage.


FNMA Form 1005
3 month reserves
No tax returns required
Loan amounts up to $4 million
DTI 55% Max
Cash out available
Completed FNMA Form 1005 for 2-year history with the same employer
Temporary rate buydowns available
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What is a Written Verification of Employment (WVOE) Loan?

WVOE loans are mortgage programs considered alternative financing because they are neither Conventional nor government-issued loans. They are available through private lenders, but they are non-conforming to the Federal Housing Administration criteria. They only rely on the written verification of employment – thus the abbreviation WVOE loans.

If your client is a wage earner or has trouble meeting the requirements for Conventional mortgages, WVOE loans might work for them. There are regulations and criteria, but the process is much shorter and less stringent.

What is a Written Verification of Employment?

Verification of employment is a widespread practice in the loan application process that banks and lenders use to determine the job stability of the potential borrower. This verification ensures that borrowers have a stable job and a sufficient income and that they do not lie on their applications. There are written and verbal VOEs that all current and previous employers a borrower listed on an application should fill out.

Commonly, applicants must submit W-2 forms, pay stubs, and tax returns to apply for a loan. However, A&D relies only on their employment and credit history with WVOE loans. If your borrowers have proof that they have been working for the past two years in the same company and have a credit score not lower than 599 – they are suitable WVOE loan candidates.

Why use a WVOE Loan?

There are numerous reasons to get a WVOE loan including:

  • Foreign Nationals and Non-Permanent residents can be approved for WVOE loans.

  • WVOEs can work for foreign employers with no rate adjustment.

  • No tax return to use rental income, just a lease agreement is acceptable if it is reasonable.

  • No tax return or pay stub, they can just state their income.

  • The interest rate of WVOE loans can often be better than the Conventional loan rate.
  • The max loan amount of WVOE product or P&L product can exceed the county loan limit eligible for the conforming loan limit.

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