417K is Fanniemae max loan amount before a jumbo loan. Most states cant even go above 203K for FHA but is different from state to state.As for tax returns... You should always give your W2's before your tax returns. Using your tax returns will lower income. The underwriters deduct whatever you deduct from your income.montana wrote:if you get in to 720, the rates will drop on you. better service and overall better loan products selection. But if homes in your area are withing FHA limit of $417,000, then all you need is 2 year taxes. No need for FICO, though they will chack the credit ( the loan broker ) but more as a formality. You are already approved with taxes up to that limit.