Qualify using Fannie Mae Form 1005 instead of a tax-return income calc. WVOE loans for W-2 employees with 2+ years at the same employer.
WVOE Loans | Written Verification of Employment | 2MG
Qualify using Fannie Mae Form 1005 instead of a tax-return income calc. WVOE loans for W-2 employees with 2+ years at the same employer.
WVOE Loans
What Is a WVOE Loan?
How the WVOE Program Works
What Income Can Be Used?
Salary and base pay
No supplemental income
Additional Documentation
WVOE Program Requirements
Housing History Requirement
Important Limitations
WVOE Questions
Could a WVOE Loan Be Right for You?
Qualify using your employment — with less income documentation. A Written Verification of Employment (Fannie Mae Form 1005) documents salary or base pay instead of a traditional tax-return income calc.
The Written Verification of Employment (WVOE) program is a Non-QM path for eligible borrowers to document employment income without leaning on traditional income paperwork. Qualifying borrowers may use a completed Written Verification of Employment from their employer.
This is a strong option for W-2 employees with stable, long-term employment and straightforward salary or base-pay income — especially when a conventional tax-return file is heavier than it needs to be.
Guidelines vary by investor, credit, and loan amount. This overview is educational — every file is reviewed against current product rules.
How income is documented
Employer completes
Fannie Mae Form 1005
sent directly to / received from employer
VVOE within 10 days of closing
HR, Payroll, or a company officer must complete the form. Equifax / The Work Number may also be acceptable.
A Written Verification of Employment is completed by the borrower's employer and verifies employment and income. To qualify:
The program is designed for borrowers with straightforward employment income. If additional income is needed to qualify, this program may not be the right fit.
Eligible income
Qualifying income is salary and base pay from employment — the amount the employer verifies on Form 1005.
Cannot be used
Supplemental income sources are not permitted on this program.
If the Written Verification of Employment is completed by hand, one additional supporting document is required. An internet search of the employer is also required to document and support the existence of the business.