4506-T What is it...

A 4506-T is a form that the borrower must sign so that we the broker or the lender can go and request a copy of the tax transcripts which shows exactly how the borrower has filed their past 2 years tax returns. This is basically a precaution that the lenders are taking to avoid mortgage fraud. EVERY LOAN is required to have one of these or the lenders will not underwrite nor approve the loan without it! Tax returns for the past 2 most recent years is also a MUST on all loans. When you bring us these documents please make sure they have not been altered in any way because the lender WILL know, and the person who altered them will be in a LOT of trouble. So I hate to say this but if changing your income on your tax returns was a thought that crossed your mind, DON"T DO IT!

Daily Rates

Conventional 30 Yr. Fixed Rate: 4.875%*

FHA 30 Yr. Fixed Rate: 5.00%**

USDA (100%) 30 Yr. Fixed Rate: 5.250%***

*Based on a 150K sale price with 10% down and an APR of 5.931%

**Based on a 150K sale price with 3.5% down and an APR of 6.105%

***Based on a 150K sale price and 153K loan amount and an APR of 5.649%