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IRS year taxes to show to afford a 205K for 2015, 16. Orlando

In order to buy a house that is 205K in Florida, What amount does my IRS tax returns should reflect after both years combined are added? I don't know the process on how things are calculated. I am a 1099 and can adjust my figures for this year.I am desperately trying to apply for an USDA loan, and the 2014 IRS tax returned was very little.Now with 2015 and 2016..things should look very good as I made above 45K both years and for 2016 I plan on not deducting much at all, as to have good numbers well above 40K.I need and excellent loan originator. Single Mom, needing a home!! scores 640ish, currently paying 1675 in rent..and should be able to have a home by now. Help!! by Lj3schaefer678 from Orlando, Florida. Dec 10th 2016 Reply


Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions

I have had clients make adjustments but it was impossible to accurately due so without doing a proper pre-approval process with required documentation.It is critical you address this with an experienced mortgage broker/banker covering Florida. I do have an associate who does so as I only cover CA, and I would be happy to refer them if you contact me via my profile.

Dec 12th 2016
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