you will also need to have the tax transcript for that year pulled direct from the IRS before you can use those taxes. Make sure you file electronically and long before April 15 th.
aft that you could be waiting literally for weeks to get report back from the IRS.
See my blog re 4506 T.
It all depends on your fico scores, debt to income ratio and how much you want to invest into the down payment and closing costs. You may qualify with a minimum 580 fico score and from as low as half percent down payment program. Do you have down payment and closing costs? You may qualify with a minimum 700 fico score for conventional 3% down or minimum 620 fico score for 5% down conventional with NO Mortgage insurance (Lender paid MI). You may consider FHA from a minimum 580 fico score and 3.5% down or as low as half percent down up to 417k and minimum 600 fico score up to $729,750 loan amount.
I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. Here are some links to study and consider that I offer.
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