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Are there any lenders who offer FHA (or similar low or no down payment programs with w2's only and no tax returns in California?

by dinocasting947 from Hesperia, California. Feb 18th 2014 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

The short answer is YES.. but the long answer is "your probably not going to get a loan".. most, if not all lenders will require tax returns even if the conforming guidelines say they are not needed.. and as others have said, once the 4506T is executed, if they see that you have not filed, then it becomes a huge issue.. if you have filed, they will see everything, and if you have write offs that bring your AGI down, it could result in a loan denial for insufficient income.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 19th 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Yes!

Feb 19th 2014
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Jamie Lynne (nationwidelenderforyou)
#141 ranked lender in Texas - 576 contributions

We offer a program where you do not have to show tax returns. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Feb 19th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,944 contributions

Unless you are self employed, or have rental property, you generally do not need to show tax returns. With that said, 99% of lender will request a copy of your tax transcripts from the IRS during the underwriting process. What is the fear with tax returns?

Feb 19th 2014
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Dan Marchiando (dan@yourbestinterest.net)
#471 ranked lender in California - 29 contributions

Hi Dino,There are certainly lenders who will accept paystubs and 1 or 2 years of W-2s as proof of income for wage earners. However, ALL institutional lenders now obtain authorization from each borrower, using an IRS form 4506T, so that the lender can obtain a transcript of the borrowers' tax returns. If you have rental income or losses, or a side business on a Schedule C, or unreimbursed employment expenses, or you haven't filed returns in past years, the lender will discover this in their underwriting, and they will then consider these issues in their underwriting and computation of debt ratios. If there is nothing like this in your tax returns to trip you up, then you should be okay. If I can help you in any way, please don't hesitate to reach out to me through my profile.Sincerely, Dan Marchiando, a mortgage broker for all of California.

Feb 19th 2014
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

Absolutely. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Feb 19th 2014
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Dr. Shab Kavandi (skavandi)
#469 ranked lender in California - 53 contributions

YES for further detailed info please do call me at 1714 639 6694best,Shab

Feb 19th 2014
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

Yes there are lenders out there that take W-2's only along with W-2 4506T transcripts as well

Feb 20th 2014
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