A PWM control circuit for a voltage regulator including a compensation network, a ramp generator providing a ramp voltage, an offset adjust circuit and a comparator circuit. The compensation network senses the output voltage, receives a reference voltage, and outputs a compensation voltage. The offset adjust circuit adjusts a selected one of the ramp voltage and the compensation voltage based on the reference voltage. The comparator circuit compares the compensation voltage with the ramp voltage and provides a PWM signal for controlling the output voltage. The offset adjust circuit may generate an offset voltage based on the reference voltage and a gain G of the voltage regulator. The offset adjust circuit may subtract the offset voltage from either the ramp voltage or the compensation voltage to provide an adjusted voltage to the comparator circuit.