4506t Transcripts: The changes below are effective immediately and apply to all Agency and Government* loans that have not closed.
- *USDA loans will still require full transcripts.
- For loans where Tax Transcripts are not able to be obtained, the following alternatives are acceptable in lieu of.
- Option A
- Signed Personal Tax Returns and
- Electronic filing receipt from the IRS indicating the Declaration Number (DCN), with confirmation that the AGI matches the tax return and
- Copy of cancelled check(s) matching the amount due to the IRS or Bank Statement showing amount clearing borrower(s) account or
- Evidence of Refund matching tax return in borrower(s) bank account or print out from “Where’s My Refund” website
- Option B
- Borrower obtained IRS Transcripts directly from the IRS and
- Copy of cancelled check(s) matching the amount due to the IRS or Bank Statement showing amount clearing borrower(s) account or
- Evidence of Refund matching tax return in borrower(s) bank account or print our from “Where’s My Refund” website
Should you have any additional questions, please contact your manager.
