VOE only loan is a type of mortgage loan that requires minimal financial documentation from the borrower. The only one step in the underwriting process of this loan type is the verification of employment where all of verification is handled directly with the employer. The mortgage lender needs to check that you are employed and have been with your employer for a minimum of two years to ensure they are taking into consideration all of your income sources.
With a VOE only loan, you do not need W-2s, pay stubs or tax returns. All what you need is a written verification-of-employment letter from your employer. If you have any questions regarding this loan program, please feel free to contact our UFM team for specifics.