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!