WVOE

Written Verification of Employment Loan

A Written Verification of Employment (FNMA Form 1005) can be utilized when the only source of earnings is wages / salary. FNMA Form 1005 must be fully completed by Human Resources, Payroll Department, or an Officer of the Company.

Written Verification of Employment (WVOE)

Program Overview

The WVOE program allows wage earners to qualify using a Written Verification of Employment (FNMA Form 1005) as the income documentation, instead of traditional paystubs, W-2s, or tax returns.

The FNMA Form 1005 must be:

  • Fully completed by Human Resources, Payroll, or an Officer of the company.
  • Sent and received directly from the employer, with verification of delivery and receipt included in the loan file.

Core Eligibility

  • Wage earners only (no self-employed or 1099 income)
  • 2 years employment history in the same industry
  • 1 year continuous employment with current employer
  • Primary residence only
  • Max LTV/CLTV: 70%
  • Min. FICO: 700
Full/Alt Doc Gold
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