Tax Transcripts

Investors Policies with Tax Transcripts

Image
This will outline which investor requires tax transcripts, which one does not, as well as each investor's specific policy on tax transcripts.
Self Employed:  (>25% Ownership, Rental Income & Fixed Income) Tax Transcripts Are Required By All Investors
  • Wells Fargo: W-2 IRS Tax Transcripts Are Required
  • Penny Mac: No W-2 IRS Tax Transcripts required for W-2 borrowers.
  • Flagstar: No W-2 Transcript Required
  • Franklin American: W-2 Transcripts not required for W-2 borrowers with no Overtime or Bonus Income
  • Suntrust: On Fannie Mae Loans - No W-2 Transcripts required on W-2 borrowers. Jumbo will require transcripts.
  • UWM: No W-2 Transcript Required
  • New Rez: See Attached Doc For Their Full Policy
  • GMFS: No W-2 Transcripts Required
  • Caliber: Still Researchingi
  • AFR: No W-2 Tax Transcript Required
  • Carrington: No W-2 Tax Transcript Required
  • AmeriHome: Transcripts required for each tax year with qualifying income documentation
  • Planet Home: W-2, No Transcripts Required unless Required by DU or LPA

Processors: if you are ordering transcripts for Wells Fargo, only order W-2 if they are a W-2 Borrower.

  • Be sure to follow guidelines depending on the investor stated above!
  • Ordering all transcripts may cause trouble if the tax return or something has not been filed yet.
  • Again, Planet Home does NOT require transcripts unless required by DU!