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Is my lender jerking me around?

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mystikal
Member

Is my lender jerking me around?

I'm a self employed first time home buyer i just filed my taxes to have the 2yrs taxed i need to quailfy for a loan as soon as i filed my loan officer sent me a email saying once the taxes are filed we must wait 6wks so that they can be posted to the IRS transcript system. Is this true or should i be looking for another lender?

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Revelate
Moderator Emeritus

Re: Is my lender jerking me around?


@mystikal wrote:

I'm a self employed first time home buyer i just filed my taxes to have the 2yrs taxed i need to quailfy for a loan as soon as i filed my loan officer sent me a email saying once the taxes are filed we must wait 6wks so that they can be posted to the IRS transcript system. Is this true or should i be looking for another lender?


That's not a crazy answer: I don't know what the usual time windows are but the IRS does not process tax returns in anywhere close to real time.  If they were to file a 4506-T right now for your 2014 taxes the IRS would likely ignore it at best.  

 

Can't be done on 2012/2013 returns?




        
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mystikal
Member

Re: Is my lender jerking me around?

Can't be do with 2012/2013 I worte off to many thing and did not show much of a income in 2012. Thanks for your help i will just wait it out

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