When a borrower works for a family-owned business, FHA will require the borrower’s personal tax returns to ensure that the borrower is not an owner of the business.

Related Question: FHA – Employed by Family Member: Why does FHA require personal tax returns for a W2 employee of a family-owned business? Answer: Personal tax returns will verify that the borrower is not an owner of the family-owned business. The 2016 and 2017 taxes will be required. The qualifying income will be calculated per the […]

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