WHAT IS A WVOE LOAN?
A Written Verification of Employment (WVOE) loan is a flexible loan option designed specifically for salaried borrowers who may not have traditional income documentation like tax returns. It allows for the use of employer-verified income instead of standard financial statements, making it an ideal solution for borrowers with limited documentation.
WVOE
LOAN OVERVIEW:
The Written Verification of Employment (WVOE) loan is designed for salaried borrowers who may not have traditional documentation like W-2s, paystubs, or tax returns readily available. Instead, income is verified through a written confirmation from the borrower’s current employer.
This streamlined approach is ideal for employees with consistent income who need a simplified path to loan approval. WVOE loans eliminate the need for complex income calculations, allowing for faster turn times and reduced documentation requirements — especially beneficial for borrowers with straightforward employment.
With options for up to 80% CLTV and a minimum FICO of 620, WVOE offers an efficient, flexible solution for buyers who qualify based on salary but don’t meet standard documentation thresholds.
PROGRAM BENEFITS
- No tax returns or bank statements required (up to 70% LTV)
- Income verified through a Written VOE — not paystubs or W-2s
- Ideal for salaried borrowers with clean employment history
- Allows up to 80% CLTV with simplified income documentation
- Only 3 months of reserves required for most scenarios
- Faster approval process with reduced paperwork
REQUIREMENTS
- No credit score or minimum FICO 620 depending on the lender
- Must be a salaried employee with stable employment
- Employer must complete a Written Verification of Employment (WVOE)
- Max 80% CLTV depending on credit tier and income
- Minimum of 3 months of reserves required
- Available for both purchase and refinance transactions
LOAN OPTIONS:
WVOE loans are a great fit for salaried borrowers who have consistent income and strong employment history but may not have access to W-2s, paystubs, or tax returns.
Instead of traditional income documentation, the lender verifies earnings through a Written Verification of Employment completed by the employer. This makes WVOE a streamlined option for borrowers who are otherwise qualified but face documentation challenges.
WVOE loans can be used for both purchase and refinance scenarios, offering flexibility and speed for those who meet the employment criteria but want to avoid unnecessary paperwork delays.
How Do You Qualify for a WVOE Loan?
Start by calling our team at (213) 810-2091 to see if a WVOE loan is a good fit for your situation.
You’ll need to be a salaried employee with a stable job history. Instead of W-2s or tax returns, your income is verified through a Written Verification of Employment completed by your employer.
If you’ve been turned away due to limited documentation, this could be the flexible solution you’ve been looking for.
HOW LOW WILL YOUR PAYMENT BE?