Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Showing Tax Returns

  do you have to have tax returns to buy a home ? why not bank statements?
 
  Different mortgage programs have varying requirements, but you've picked a bad time to try for alternative documentation.  These days lenders are being very careful -- sort of locking the barn door after the horse is gone.  You can always ask a mortgage broker if there are lenders who don't insist on tax returns; there used to be.  I just don't know if they're still in business!
    Edith
Originally published on September 21, 2007
 
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