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Updated over 7 years ago,
Mortgage Options for 1 Year Tax Return?
I was pre-approved for a mortgage with Fannie Mae (automated underwriting), however, there is one disqualifying factor that came up.
I am self-employed, but the business structure was formed only 8 months ago. Also, I only have my 2016 tax return filed, not 2015. I can get a CPA letter stating that the business has been in existence for longer than 2 years, but I was told that I would still need to provide transcripts for 2015 and 2016.
Does anyone know any ways to work around this or any other options? Thanks.