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If i buy an FHA loan do i have to file my taxes there at the end of the year?

by antsca_272_927 from Hoboken, New Jersey. Jul 2nd 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Your question is not clear but if I'm reading correctly.. You are asking if you need to have filed 2011 taxes to qualify for a mortgage. The answer is Yes.. You need to have filed a 2011 tax return OR filed a 2011 tax extension.. The lender will require your 2010 & 2011 W2's and or 1099's even if you have only filed for an extension.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jul 2nd 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

If your question is "I just took out a new FHA loan, do I have to show that address of my property financed with an FHA loan as my primary residence when I file my taxes?", the answer is yes. Because you signed (or will sign) and affidavit at the closing stipulating that the new property is your primary residence, then the Federal Tax Return you file should show the same address. FHA will find out if the IRS gets a different address off of your return. If you didn't (or don't) move into a home you bought with FHA financing, then you have bigger issues, like fraud. There are a couple of exceptions that may apply, but without more detail, it would be difficult to determine if they apply to you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Jul 2nd 2012
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Chris Mylin (chrism_408_673)
#57 ranked lender in Ohio - 32 contributions

You do not need to have filed your 2011 taxes as long as you filed an extension. You will however need a copy of the extension.

Jul 2nd 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

I am not clear on your question, are you asking if you need your 2011 tax return completed or if you purchase will you have to file your 2012 taxes with the adress of your new purchase?We are a Direct Endorsement Lender, the second largest privately held mortgage bank in NJ. Give me a call and i can clarify any questions you may Have.Peter Botros(nmls#639447)Omega Financial Services908-933-0253 office347-231-4444 cell

Jul 2nd 2012
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James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions

Regardless if you obtain FHA financing for the purpose of buying a home, you always need to file your federal taxes in order to qualify.

Jul 2nd 2012
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The question is if i buy a property with an FHA loan do i have to file my taxes at that address at the end of that year?

Jul 2nd 2012
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and if i buy a 2 fam home and rent out one apt and the other apt i live in has 3 extra bed rooms can i rent out those extra bedrooms to my friends?

Jul 2nd 2012
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