The WVOE ONLY (Written Verification of Employment Only) Program is designed for borrowers who prefer a streamlined documentation process. This program is ideal for those who wish to qualify for a mortgage without the need for pay stubs or tax returns.

Key Features

  • No Pay Stubs Required

  • No Tax Returns Required

  • Minimum FICO Score: 680

  • Maximum Loan-to-Value (LTV) 75%

Why choose our WVOE Only Program?

  • Streamlined Application Process

  • Accessibility for Self-Employed and Non-Traditional Earners

  • Competitive Loan Terms

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File size: 1.40 MB
Created: 10-31-2024
Updated: 10-31-2024
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PLEASE NOTE: We regularly update our program information to ensure accuracy. However, program details may change rapidly. For the most current and precise information, please contact us using the form on this page, via our Contact Us page, or by phone at (800) 919-1086

Program details

To apply for our WVOE ONLY program or to learn more about how this product can meet your mortgage needs with minimal paperwork, please contact our loan specialists. We are here to guide you through the application process and help you secure the financing that best fits your situation.

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Program details

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  • Eliminates the need for borrowers to submit recent pay stubs, simplifying the documentation process.

  • Applicants are not required to provide tax returns, making it easier for self-employed individuals and those with complex income structures.

  • Ensures applicants have a good credit history, enhancing loan security.

  • Offers a substantial borrowing amount while maintaining a buffer to protect against market fluctuations.

  • By requiring only written verification of employment, the WVOE ONLY program significantly reduces paperwork and expedites the loan approval process.

  • Particularly beneficial for self-employed individuals or those with non-traditional income who might find it challenging to provide standard income documentation.

  • Despite the minimal documentation requirement, the program offers competitive loan terms that can match the needs of a broad range of borrowers.

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WVOE Only Program FAQ

What does WVOE stand for in the WVOE ONLY program?

WVOE stands for Written Verification of Employment. It’s the primary document used in this program to verify the income of the applicant without needing pay stubs or tax returns.

The WVOE ONLY program is particularly suitable for self-employed individuals, freelancers, and others with non-traditional income sources who may find it challenging to provide standard income documentation like pay stubs and tax returns.

Applicants need a minimum FICO score of 680 to qualify for the WVOE ONLY program.

 

The program allows for a maximum LTV ratio of 75%, which means borrowers need to provide a down payment of at least 25% of the property’s purchase price or appraised value.

 

Yes, the WVOE ONLY program offers a streamlined application process with reduced documentation requirements, making it faster and easier for eligible borrowers to secure financing. This can be especially beneficial for those who may not meet the stricter documentation standards of traditional loan programs.

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