FHA VOE Only Loan: Qualify on What Your Employer Verifies

What is a WVOE only loan?

WVOE stands for written verification of employment: a form your employer completes, usually through an approved third-party service, confirming your job, your start date and what you are paid, including any overtime, bonuses, tips or commission. A WVOE only or VOE only loan uses that verification as the main proof of income instead of a stack of pay stubs, W-2s and tax returns.

Why your pay stubs may undersell you

A standard loan looks backward. It averages your past W-2s and pay stubs, and anything that varies, like tips, overtime, commission or bonuses, is often averaged down or set aside. If you were promoted or got a raise this year, last year’s tax return still shows the old number.

With our FHA VOE only program, your employer confirms your income directly through an approved third-party written verification of employment. That verification can reflect your current pay, including tips, bonuses and a recent promotion, so the loan is sized on what you earn today.

It is still an FHA loan: the same low down payment, the same flexible credit, and FHA mortgage insurance, with less documentation on the way to approval.

FHA VOE only requirements in Florida

• Purchase only. This program is for buying a home, not refinancing one you own.
• You live in the home. It must be your primary residence.
• Your employer takes part. Income is confirmed through an approved third-party VOE service, so your employer must be reachable through one.
• Automated approval. The file needs an approval from FHA’s automated underwriting system; it cannot be approved by hand.
• Not for renovation or assistance loans. It does not combine with an FHA 203(k) renovation loan or a down payment assistance program. If you need those, our standard FHA loan can.
• FHA rules still apply, including FHA loan limits and mortgage insurance.