Good news for buyers .. In light of the shenanigans taking place within our government, one local lender has temporarily revised their policies to help reduce the number of inconvenienced consumers out there. And as of right now, they will fund loans with the following:
4506T IRS Tax Transcripts
The IRS will not issue tax return transcripts. For the short-term, we will temporarily cease the requirement for the tax transcripts. However, we will still require the following information:
a. 4506T still must be executed by all borrowers
b. Proof of payment or refund will be required for the most current year of tax
returns that are in the file.
Direct Social Security Number Verification (if required)
Direct SSN verification may not be available. If direct social security number verification is required we will except a copy of the borrowers social security card along with one of the following forms of ID:
a. Copy of Driver’s License
b. Copy of Passport
c. Copy of Military ID
For more information on how you can still purchase a home now contact me to discuss your goals and let me help turn you dreams into reality. Other restrictions may apply depending on individual circumstances.
Diane Allan is Realtor in Utah serving the Wasatch Front area with over 22 years experience in Real Estate, Construction, and related fields.
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