What is a VOE Loan?
A VOE (Verification of Employment) Loan is a streamlined mortgage option for W-2 employees who want an easier approval process with minimal income documentation. Instead of tax returns or W-2 forms, income is verified through employment history and current job status.
Who is eligible for a VOE Loan?
- W-2 employees who have been employed for 2 or more years total (does not have to be the same job)
- Borrowers with a minimum 580 FICO score
- Buyers able to provide a 3.5% down payment
- Borrowers who may receive assistance, since 100% gift funds are allowed
What are the benefits of a VOE Loan?
- No 4506-C required
- No 1040s required
- No W-2s required
- Simple and fast verification process
- Accessible 3.5% down payment
- Flexible gift-fund options
Other Information for a VOE Loan?
- Great for borrowers who have stable employment history across multiple jobs
- Helpful for buyers who prefer not to provide tax documents
- All approvals depend on credit and lender guidelines
- Program terms may vary by lender
