Federal Tax Returns/Tax Transcripts - Update #20-14

04/13/2020

Program Update #20-14 dated 4/13/20

NIFA requires Participating Lenders to obtain the most recent three-year signed federal tax returns or IRS tax transcripts.  This requirement applies to all occupying borrowers and non-borrowing spouses.

For non-borrowing occupants who are self-employed, NIFA only requires the most recent signed federal tax return or IRS tax transcript and a YTD profit and loss statement.

Please do not hesitate to let us know if you have any questions.  Thank you!