Written Verification of Employment

Min. Credit Score 620 Min. 20% Down Payment

The WVOE program is a special type of mortgage that works differently than regular loans. Instead of using tax returns, it verifies your income through a Written Verification of Employment (WVOE) form completed by your current employer. This option is great if you don't have traditional tax documents, have a complicated financial situation, or have trouble qualifying for standard loans.

Program features

Loan amounts up to $4 million
Debt-to-income (DTI) ratio up to 55%
Cash-out available
2-year history with the same employer required
No paystubs, tax returns, Request for Transcript of Tax Return, or W-2's required

Why choose our WVOE?

Flexible income support
No bank statements required with a minimum down payment of 30%
Gift funds allowed

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Program details

No bank statements required with a minimum down payment of 30%

Only 3 months of reserves required

No tax returns required

A two-year history with the same employer is required

Loan amounts up to $4 million

Owner-occupied, second home, and investment properties

Gift funds allowed

Cash-out available

1 year after the credit event allowed

Single-family residence, townhomes, condo warrantable/non-warrantable, condotels, 2-4 units, PUD, short-term rentals, rural single-family residence, manufactured housing, short-term rentals, leasehold

30- & 40-year fixed, 5/6 & 7/6 ARM

Available to non-permanent residents, ITIN

Ability to close in an LLC

Minimum borrower contribution is 20%

Written Verification of Employment FAQ

What is a WVOE (Written Verification of Employment) mortgage?

A WVOE loan is a mortgage program that is considered alternative financing because it is neither a Conventional nor a government-issued loan. These loans are available through private lenders, but they do not conform to Federal Housing Administration criteria. They rely solely on Written Verification of Employment – hence the acronym WVOE loans.

If you are a wage earner or have trouble meeting the requirements for Conventional mortgages, WVOE loans may work for you. There are rules and criteria, but the process is much shorter and less stringent.

What is Written Verification of Employment?

Verification of employment is a common practice in the loan application process that banks and lenders use to determine the job stability of the potential borrower. This verification ensures that you have a stable job and sufficient income and that you are not lying on your application. There are written and verbal VOEs that all current and former employers you list on your application should complete.

Typically, applicants must provide W-2 forms, pay stubs, and tax returns to apply for a loan. However, A&D only relies on your employment and credit history for WVOE loans. If you can show that you have worked for the same company for the past two years and have a credit score of at least 620 – you are a good candidate for a WVOE loan.

Why should I choose a WVOE loan?

There are many reasons to choose 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, only a lease agreement is acceptable if it is reasonable
– No tax return or pay stub, you can just state your income
– The interest rate on WVOE loans can often be better than the Conventional loan rate
– The maximum loan amount of the WVOE product or the P&L product may exceed the county loan limit eligible for the conforming loan limit

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Asset Utilization

Min. Credit Score 620 Min. 20% Down Payment

Assets to cover 60 months of payments
Only 3 months of reserves required
Loan amounts up to $4 million
Qualifying assets are 100% cash or money market, 100% from public securities, or 70% from retirement accounts

Conventional Standard

Min. Credit Score 620 Min. 3% Down Payment

Loan amounts up to $802,650
Debt-to-income (DTI) ratio up to 50%
Minimum 3% down payment
Owner-occupied, second home, and investment properties