WVOE-Only Mortgage
WVOE-Only Mortgage
Qualify for a home loan with just a Written Verification of Employment — no tax returns required.
If your income isn’t easily documented through tax returns or pay stubs, a WVOE-only mortgage lets you qualify based on an official verification directly from your employer. It’s a simplified path for full-time workers who have steady jobs but non-traditional or hard-to-document income.
What Is a WVOE-Only Mortgage?
A WVOE-only mortgage is a type of non-QM (non-qualified mortgage) loan that allows borrowers to qualify using a Written Verification of Employment from their employer — without needing to submit W-2s, pay stubs, or tax returns.
Lenders use the WVOE form to verify your position, salary, and job stability directly with your HR department or employer.
This type of loan is ideal for borrowers with consistent salaried income but complicated or unavailable documentation.
Who Should Use a WVOE-Only Mortgage?
WVOE loans are ideal for:
- Full-time employees who receive salary but have minimal tax return visibility
- Borrowers with large unreimbursed expenses affecting reported income
- Individuals paid in cash or who receive part of their income off the books
- Workers in industries where income isn’t well reflected on W-2s or tax filings
- Anyone recently starting a full-time role with verifiable employment
If your employer can confirm your income in writing, you may qualify — even without traditional documents.
Key Benefits of WVOE-Only Mortgages
- No tax returns, W-2s, or pay stubs required
- Simple verification through employer HR department
- Ideal for employees with write-offs or irregular filings
- Faster qualification for salaried workers
- Available for primary residences, second homes, and sometimes investment properties
- Can help you qualify when conventional loans deny due to income visibility
WVOE-Only Loan Requirements
- Full-Time Employment – You must be a current full-time employee (usually ≥30 hours/week)
- FWVOE Form – Completed and signed by your employer’s HR or payroll department
- Minimum Credit Score – Typically 620+, though this varies by lenderMinimum credit score (varies by lender, often 620+)
- Stable Work History – Generally 2 years in the same job or industry preferred
- Down Payment – Minimum 10–20%, depending on lender and property type
- Debt-to-Income Ratio (DTI) – Based on verified income from WVOE, usually up to 50% allowed
- Property Appraisal – Standard appraisal required to verify property value
All loans are subject to underwriting guidelines and lender discretion.
FAQ
WVOE stands for Written Verification of Employment — a formal document completed by your employer to confirm your job details and salary.
Correct. With a WVOE-only mortgage, lenders rely solely on your employer’s verified income statement rather than personal financial documents like tax returns or W-2s.
Your HR department, payroll manager, or employer must complete and sign the WVOE form provided by the lender.
Any full-time, verifiable employment can work — including teachers, nurses, factory workers, restaurant staff, and more.
Some lenders allow WVOE mortgages for second homes or investment properties, but terms may vary.
Once the WVOE is returned, underwriting can move faster since fewer documents are needed. Closings are often quicker than full-doc loans.
