Program

WVOE Loans — Written Verification of Employment

Written VOE

When the employer can vouch for the income but the paperwork is thin, a written verification of employment carries the file. No paystubs, no W-2s — the employer's signed VOE establishes income.

Written VOENo PaystubsPrimary & Second HomesInvestment Properties

At a glance

Loan amounts
To $2M
Max LTV
80%
Min FICO
680
Occupancy
Primary, 2nd & Investment
Ideal for employees paid in cash, paid irregularly, or whose employers don't issue standard paystubs — as long as the employer will complete and sign the VOE.

What Is WVOE?

WVOE stands for written verification of employment. A WVOE loan is a Non-QM mortgage that documents a wage earner's income with a signed verification form from the employer instead of paystubs and W-2s.

Who Are WVOE Loans For?

Employees of family businesses who lack formal paystubs
Cash-paid workers whose employer will document earnings
Recently relocated borrowers starting a new position under contract
Borrowers with two years of employment history in the same field
“If your employer will put your income in writing, WVOE can provide another way to qualify — no paystubs required.”
How to pitch it to your borrower

How Does a WVOE Loan Work?

What the file needs — and how we get to a number.

01Written VOE

A standard form completed and signed by the employer covering position, start date, base pay, and the most recent two years of earnings.

02Verbal verification

Underwriting confirms the VOE directly with the employer at a verified business number before closing.

03Deposits

Two months of bank statements showing payroll deposits reasonably consistent with the VOE.

04Property

Primary and second homes through the Sunny suite.

WVOE Loan Requirements

Written VOE completed and signed by the employer (owner, HR, or payroll) covering position, start date, base pay, and two years of earnings
Verbal verification with the employer at an independently verified number before closing
Two months of bank statements showing payroll deposits consistent with the VOE
Borrower may not own the employer; minimum FICO per the matrix (680 minimum)
Primary and second homes through the Sunny suite; loan amounts to $2M

Requirements follow the current Sky TPO matrices and guidelines; see the matrix for each suite below.

Sky TPO WVOE Loan Programs

Each suite sets the occupancy, loan amounts, and matrix — pick the one that fits the property.

Sunny

Primary & Second Homes · Full/Alt-DocAlt doc WVOE — primary & second homes.
Alternative Documentation — Bank Statement, P&L, 1099, WVOE & Asset UtilizationMatrixGuidelines
ITIN — Full & Alternative DocumentationMatrixGuidelines

Breezy

Investment · DSCR & Full/Alt DocAlt doc WVOE for investment properties.
Alternative Documentation — Bank Statement, P&L, 1099, WVOE & Asset UtilizationMatrixGuidelines

Real-World WVOE Scenarios

Scenario 01

Paid in cash at a family restaurant

Five years with the business, no paystubs. The owner completes the VOE; deposits line up. 80% LTV on a primary residence.
Scenario 02

New job under contract

Relocating executive with an offer letter and a VOE from the new employer; closes 30 days before the start date.

Frequently Asked Questions About WVOE Loans

What is a WVOE loan?

A mortgage that documents income with a signed written verification of employment from the employer instead of paystubs and W-2s.

Who fills out the VOE?

The employer — an owner, HR, or payroll contact we can independently verify. Self-employed borrowers use Bank Statement or P&L instead.

Why bank statements if the VOE is the income doc?

Two months of deposits corroborate that the stated pay is actually being received.

Is there an ownership limit?

The borrower can't own the employer; family employment is fine when a non-borrower owner signs.

Have a WVOE scenario?

Price it in Sky Port in minutes or send it to the Scenario Desk.