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2018 W-2 and Tax Return/Transcript Requirements

2018 W2 Requirements

Effective for new applications on or after February 22, 2019, W2s for salaried income for 2018 will be required on all loan files. Refer to individual product profiles for any specific requirements that may apply.

 

2018 Tax Returns/transcripts requirements

Applications or loans funding on or after April 16, 2019 that require tax returns for income qualification per applicable product guidelines, will require 2018 filed returns unless the borrower has filed an extension (IRS Form 4868). For self-employed when an extension has been filed, an unaudited year-to-date Profit and Loss Statement will also be required.

Effective for new applications on or after February 22, 2019 and funding prior to April 16, 2019, 2018 tax returns must be used if a borrower has filed prior to closing.

 

tax return, w-2 and Transcript Requirements

The following table located in the NewRez Underwriting Policies and Procedures has been updated to align. Non-Agency: Refer to individual product profiles for any specific or additional requirements that may apply.

 

w-2 transcript requirements

The following table describes which tax-related documentation is required depending on the application date of the mortgage loan when such documentation is required per applicable program guidelines. Refer to individual product profiles for any specific requirements that may apply.