Verification of Employment (VOE)
A document or direct lender contact that confirms your employment status, position, and income. For self-employed borrowers, a VOE is typically replaced by a combination of business license documentation, CPA letters, and tax return evidence that the business is actively operating.
How does this affect your loan? Estimate self-employed qualifying income with the
DTI calculator, or read the
self-employed mortgage guide.
Related terms
- VOD (Verification of Deposits) — Bank confirmation of account balances, used to verify down payment and reserve funds. Lenders may request VODs…
- Tax transcripts (IRS 4506-C) — The IRS form lenders use to request your tax transcripts directly from the IRS, verifying that the returns you…
- P&L statement (Profit and Loss) — A business income statement showing revenue minus expenses over a period. For mortgage purposes, a P&L must be…
- Business bank statements — 12–24 months of statements from a business checking or savings account, used as the primary income document fo…
- Expense factor / expense ratio — The percentage of bank deposits a lender treats as business expenses when calculating qualifying income on a b…
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Sources
Educational definition only — not financial, legal, or tax advice. Programs and limits change; verify current terms with a licensed professional.