Alt-Doc Loans Using Written Verification of Employment as Income

LENDERLINE® is currently offering an alternative documentation loan program which utilizes a written Verification Of Employment as income, under the following guidelines:

  • Property must be located in the State of California.
  • Wage earners only.
  • Income is stated and supported only by a written Verification of Employment.
  • No paycheck stubs.
  • No W-2s.
  • No tax returns.
  • No 4506-T.
  • Up to 70% loan-to-value (see underwriting guidelines).
  • Minimum 680 credit score.
  • $100,000 minimum loan amount.
  • $2,500,000 maximum loan amount for 1-unit PUD & SFR.
  • $1,500,000 maximum loan amount for condominiums and 2-4 units.
  • Primary residence, second home or investment properties.
  • Purchase, rate and term, or cash-out refinance.
  • SFR, PUDs, condos, townhouses, and 2-4 unit properties.
  • For sale by owner transactions are not allowed.
  • Maximum debt-to-income ratios are 38/43.
  • Reserves of either 6 or 12 months PITI required (see underwriting guidelines).
  • US citizens and US permanent residents allowed.
  • Gift funds allowed on certain transactions (see underwriting guidelines).
  • Reserves must come from borrower’s own funds on all transactions.
  • Impounding of property taxes and hazard insurance not allowed.
  • Available only as a 7/1 ARM, fully amortized, with a term of 30 years.
  • No prepayment penalty.

To download underwriting guidelines
for our alt-doc loan program using a written VOE as income:

To download a loan application
for our alt-doc VOE only for wage earner loan program:

LENDERLINE® is your VOE lender of choice. To apply for an alternative income verification loan, also known as a VOE loan or VOE mortgage, call us today.

We have a loan program for every borrower.

We offer the lowest mortgage interest rates in the nation. For today’s interest rates, call LENDERLINE® toll-free at 1-888-661-7888.

Questions? To receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.

    Edwin D.

    Los Angeles, CA