Fannie Mae – Tax Return Requirements: Is the borrower required to submit their self-employed tax returns IF we are not using that income to qualify?

Answer: You may or may not still need tax returns, but the lender/underwriter can follow the instructions below, based on the borrower’s situation. See highlighted text below (info directly from Fannie Mae selling guide) to show you that a lender can ignore this when it is not their primary source of income: Reference: B3-3.2-01, Underwriting […]

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