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2-Year VOE Loan
A 2-Year VOE (Verification of Employment) Loan is an FHA loan option designed for gig workers, freelancers, and W-2 employees who can verify at least two years of stable employment. This program is ideal for borrowers with limited credit history but a consistent work track record, offering flexible credit requirements and a low down payment of just 3.5%. Instead of relying on tax returns, lenders use employer-provided income verification, making it easier for self-employed and non-traditional workers to qualify. If you’re looking for a mortgage with easier income documentation and low upfront costs, a 2-Year VOE Loan could be the perfect fit.
A Reliable Home Loan You Can Trust.
Simplified Verification Process
No need for tax returns or bank statements, just employer confirmation.
Ideal for Salaried Employees, Gig Workers, and Freelancers
Works well for individuals with a steady work history in the same field.
Flexible Qualification Criteria
Focuses on employment consistency rather than extensive income proof.
Quick and Efficient Approval
Streamlined process compared to traditional loan applications.
Loan Guidelines
If your details are near these guidelines, we encourage you to apply or reach out. Even if you don’t qualify for a 30-year fixed-rate mortgage, we may have other options available.
The Home
Purchase a new home or refinance your current mortgage.
Credit Profile
A credit score above 620 is typically required.
Debt-to-Income
Your debt-to-income ratio (DTI) should be under 50%.
Closing Costs
Along with your down payment, you’ll need sufficient funds to cover closing costs.
Explore Your Potential
Our calculators help you understand and visualize your options
Mortgage Calculator
Planning to buy a home? Calculate your estimated monthly payments, including taxes and insurance.
Refinance Calculator
Considering refinancing your mortgage? Find out how much you could save.
Frequently Asked Questions
Have questions? We’ve got answers! Explore our FAQ section to find helpful information about loans, refinancing, and more. If you don’t see what you’re looking for, feel free to contact us—we’re here to help!
Who are 2-Year VOE Loans best for?
2-Year VOE (Verification of Employment) Loans are ideal for borrowers with a steady work history of at least two years who may not have traditional income documentation but can verify consistent employment through their employer.
How do 2-Year VOE Loans work?
Instead of relying on pay stubs or tax returns, lenders require verification from your employer that confirms your employment history for the past two years. This type of loan is particularly useful for salaried employees, gig workers, freelancers or those transitioning between similar roles in their field.
What are the pros and cons of a 2-Year VOE Loan?
Pros:
- Simplifies the income verification process.
- Suitable for borrowers without detailed financial documentation.
- Recognizes stability through consistent employment.
Cons:
- Requires strict verification from employers.
- May not work for self-employed individuals.
- Higher rates or additional scrutiny if employment gaps exist.
Can I qualify for a 2-Year VOE Loan with job gaps?
Lenders may consider gaps in employment if you can demonstrate consistent work within the same industry or provide additional documentation showing financial stability.