WVOE
Available on Prime and Super Prime
The WVOE program is a unique category of mortgage solutions that differs from Conventional or Government financing options. This program verifies income through a Written Employer Verification (WVOE) form completed by a borrower's current employer, rather than relying on tax returns. The program provides innovative solutions for borrowers who lack traditional tax returns or W-2s, have complex financial profiles, or have difficulty qualifying for Conventional mortgages.
Program features- Loan amounts up to $4 million
- DTI up to 55%
- Cash out available
- Completed FNMA Form 1005 for a 2-year history with the same employer
- Paystubs, tax returns, 4506-C, or W-2's not required
- Bank statements must reflect deposits from the employer supporting at least 65% of gross income
- Bank statements not required up to 70% LTV
- Gift funds allowed
Download program PDF
DownloadStruggling with a loan scenario? Push the button and get a solution in 30 minutes!
Program request
Write to us, we will contact you within 30 minutes.
Program details
Fast turnaround times
As fast as
24 hr
Disclosure
As fast as
24 hr
Underwriting
As fast as
48 hr
Closing
WVOE FAQ
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.