Written Verification of Employment (WVOE)
Written Verification of Employment (WVOE)
Best for: W2 Employees
| Best For | W2 Employees |
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $150,000 |
| Min FICO | 680 |
| Max LTV | 80% |
| Max DTI | 50% (42% FTHB) |
| Short-Term Rental | N |
| Interest Only | Y |
| Fixed Rate | Y |
| Adjustable Rate | Y |
| Subordinate Financing | N |
| Occupancy | Primary |
| Property Types (1 ADU permitted for SFR) | SFR / PUD 2–4 Unit Warrantable Condo Non-Warrantable Condo Condotel Co-Op Modular |
| Transaction Types | Purchase Rate-Term Refi Cash-Out Refi |
WVOE — No Pay Stubs, No Tax Returns Required
AMS's Written Verification of Employment (WVOE) program is designed for salaried W2 employees who have the income to qualify for a mortgage but want to avoid the documentation burden of a traditional full-doc process. Instead of submitting pay stubs, W2s, and tax returns, qualification is supported by a written employment verification letter confirming the borrower's position, base salary, and employment status.
This is one of the most documentation-efficient programs for employed borrowers — ideal for clients who are salaried, stable, and simply looking for a cleaner process.
Documentation Requirements
Qualification requires a written verification of employment (WVOE) completed by the borrower's employer, confirming base salary, employment dates, and position. No pay stubs, W2s, or tax returns are required.
Important Program Restrictions
The WVOE program has specific eligibility boundaries that distinguish it from broader Non-QM programs:
• Wage earners only — self-employed borrowers are not eligible
• Base salary income only — commission income and rental income cannot be included
• Family-owned or related-party employment is not eligible
• Gift funds are not permitted
• Primary residence only — second homes and investment properties are not eligible
Who This Program Is For
The WVOE program is ideal for:
• Salaried employees who prefer a streamlined documentation process
• Borrowers who have recently changed jobs but maintain consistent base salary income
• Clients who want to avoid submitting full tax returns for primary residence purchases or refinances
Key Program Highlights
No pay stubs, W2s, or tax returns required. Qualification based on base salary verified by employer. Up to 80% LTV. DTI up to 50%. Primary residence only. Interest-only options available.
Additional guidelines and overlays may apply. Contact your AMS Account Executive for complete program details.