I am looking to apply for a FHA loan and I'm not sure if I should apply now or wait till I file taxes?

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  • Bob
    Lv 6
    6 years ago
    Best Answer

    There may be an advantage to waiting if you have been self employed or have had rental income for only two years and you need to confirm your income with a second year of Federal tax returns. For most salaried or wage positions the lender won't require your 2013 returns until after April 15 when you are required to file.

  • 6 years ago

    Chances are they will want copies of your 2013 tax information as the year is at an end. In most cases FHA asks for several years of tax returns anyway but if you had more income this past year it would be to your benefit to wait until you have your 2013 taxes done.

  • 6 years ago

    Shouldn't make any difference, really, unless you have self employment income.

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