Valued Member
Posts: 44
Registered: ‎08-21-2012

Question on how FHA lender will consider last 2 year returns

[ Edited ]

I was questioning lenders l would ook at my last two years tax returns (self-employed)  when my 2011 tax returns were $19850 after deductions and 2012 will be projected to be $48-50k after deductions  I do know that they average the last two years but will they question the big increase?  Thanks in advance

Starting Score: 660
Current Score: Gardening Mode! as of 8/25
Goal Score: 725+

Take the FICO Fitness Challenge

Gardening .....

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+