WVOE Loan Program

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

Why choose our WVOE?

Bank statements must reflect deposits from the employer supporting at least 75% of gross income
Bank statements not required up to 70% LTV
Gift funds allowed

Program details

Personal, business, or combined bank statements
Min. 3 months of reserves
Concierge Service for income calculation
Min. FICO 620 or no score
Up to 90% СLTV purchase / Up to 80% СLTV cash-out
Up to $4 million purchase / Up to $3 million cash-out
Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%
12/24 month bank statement; 100% deposits for personal, 50% standard expense ratio for business, can be lowered with a third-party prepared Business Expense Letter or P&L Statement
Up to 55% DTI on owner-occupied
Primary, second home, investment
25% of business ownership required
Gift funds allowed (can be used as reserves for purchase transactions)
Credit event: 12 months from bankruptcy or foreclosure
Eligible property types: SFR, townhomes, condo warrantable/non-warrantable, condotels, 2-4 units, PUD, short-term rentals, SFR rural, manufactured housing, leasehold
Eligible terms: 40- & 30-year fixed, 5/6 & 7/6 ARM terms
120 months of I/O period, 240/360 months of amortization, qualified at amortized PITIA payment after I/O period, IO product not allowed in IL
Eligible citizenship: U.S. citizens, Permanent Residents, Non-Permanent Residents, ITIN
Eligible borrowers: Individuals, LLCs/Corp without a hit