W-2 Transcript Program Available for FHA & VA Only

4506 Transcript Policy

Mortgage One Solutions do not require full 1040 transcripts on FHA and VA for borrowers with straight salary or less than 25% commission income of total income. In lieu of this, we  will pull W-2 transcripts only.
Borrowers on Straight Salary - W2 Tax Transcripts Only

Borrowers with commission income of 25% or more of their total income - 1040 Tax Transcripts

Borrowers who are self employed or employed by a family member - 1040 Tax Transcripts
Note: Updated 4506-T form online defaulting to W2 transcripts for 2013 and 2012 only. If full transcripts are needed, it is the responsibility of the broker to ensure the correct boxes and tax years are input.