Do not need tax transcripts (1040’s) for FHA & VA loans, if you are a W-2 employee.
FHA & VA loans no longer require a full tax transcript (4506-T) to be done if you are a W-2 employee. This does not apply if you a self employed or more than 25% of your income is commissioned income. This helps people buying or refinancing, where their tax returns show losses from unreimbursed employee expenses (form 2106) or they have […]