Specific individuals do not receive paystubs to support the actual income they are receiving. Perhaps you’re a cash-based employee and cannot provide your actual income via conventional methods, such as pay stubs and W-2 income, and you don’t have sufficient income on your tax returns to qualify for a mortgage. Our Written Verification of Employment Only program is perfect for those individuals who benefit from this mortgage program. The WVOE-only mortgage program only requires the employer to fill out your actual income on the verification of employment form. We do not require paystubs, W-2s, or tax returns to support the written verification of employment income.
• 80% LTV for Purchase and Rate/Term
• 70% LTV for Cash Out
• WVOE completed by borrower’s Employer
• First Time Home Buyer Accepted
• Max loan $4,000,000
• FICO 620
• No W2, 4506C, Paystubs or Tax Returns
As you can see from the bullets above, this program exists and helps many people who are cash-based to qualify for a mortgage loan. Besides cash-based individuals, this WVOE is also ideal for other types of borrowers. We suggest you contact our office to see if we can qualify you using this alternative type of income.
