Affect of Tax Return for Home LoanI had a question. Base on my household income and debt ratio. We had a preapproved on home loan. But when I ask a agent of Welfargo about the 2 years of income tax. He averaged it and come up with answer that we can't approved for the loan. I really want to know what really important to do the home loan. and why income tax take over. My last year income tax about 40k and this year up to 71k. Any suggestion or any mortgage out there not really go into the income tax?December 02 2013 - Grand Prairie00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.