I just filed today and the IRS can give me a printout that I filed. Will that be sufficient to close the loan.
No. The lenders will require that the IRS provide an electronic transcript via a 4506 request received from the lender. If you have just filed, it can take from 2 weeks to 3 months, to get the IRS verification. This timeframe depends on the time of year you filed, the method you filed, and the complexity of your return. Lenders will not make exceptions on this policy.
Learn more: Employment / Income Related Questions
- What if I want to change jobs just before or during loan application?
- My job is good through the closing date and 1 week after closing, I have a new job. Is that OK?
- I haven’t filed my taxes for this year (or previous years). Can the lender use the last two years that I have filed?
- I just filed today and the IRS can give me a printout that I filed. Will that be sufficient to close the loan.