Using 2016 Taxes for Home Loan Qualifying

This time of year is unique in lending. People want to use their 2016 income (self-employed and commissioned borrowers) for qualifying. 
But we cannot get those tax transcripts yet as the IRS has not processed the returns.

What to do?

At Loan Simple, Inc..... We can take YOUR COPY of filed tax returns that are stamped by your local IRS office.

What we need:

- Evidence that no 2016 tax returns are available. We will handle that
- Your Signed Tax Returns that are officially stamped as received by the IRS.
- Proof that you electronically filed or evidence of a refund check or payment made to the IRS

Who does this benefit?
This will help the person who made very little in 2014 but made more money in 2015 & 2016. As we will be averaging 2yrs of income for self-employed and commission income borrowers.