Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 129
Registered: ‎02-14-2012
0 Kudos

Tax Returns/Owed Taxes and Mortgage

My questions are do I need two years full tax returns or one year?  My convern is my 2011 tax returns have a owed amount that I am paying on now but my 2012 I will recieve a refund.  Most likely will go to the unpaid 2011 portion.  I have been told in some cases I only need my last two years W2 and most recent tax returns.  


What is the best opiton for me given this situation.  I don't want this to hold anything up 

Frequent Contributor
Posts: 305
Registered: ‎07-05-2011
0 Kudos

Re: Tax Returns/Owed Taxes and Mortgage

I applied the begging of the year March 2012, that being said MB requested 2009,2010,2011 W2's and tax returns.  Most Lenders only require two years only.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Posts: 91
Registered: ‎04-09-2012
0 Kudos

Re: Tax Returns/Owed Taxes and Mortgage

When we closed we were required to provide 2 years of W2's and 2 years Tax Returns The Lender will request the transcripts to make sure your stated income was reported.  It should not matter much if you owed and are making payments on 2011 as long as you are not in caivers, you should be good to go.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.