Zillow Advice: Approval Process - Loan with 2011 low income.. http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ Zillow Advice | Zillow Real Estate I work for a National Lender ... http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ <p>I work for a National Lender and we just closed a case similar to yours. As stated below we may only need one years tax returns, or we were also able to use an average of 3 months of 2011 and a year to date CPL from your accountant. If you need more information please contact me through my profile.&nbsp;</p> Tue, 15 Oct 2013 19:24:00 GMT http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ 2013-10-15T19:24:00Z It all depends on the AUS ... http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ It all depends on the AUS (automated underwriting system) findings. In addition, as touched on below, it depends on the Investor that we sell the servicing to. I have investors who have overlays that require 2 years verifiable 1040s, but I have two investors without overlays and they follow the AUS to the T. Let us know if you need any assistance. <br/><br/>Best of Luck! Tue, 15 Oct 2013 02:38:00 GMT http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ 2013-10-15T02:38:00Z Agree with Justin.&nbsp; ... http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ Agree with Justin.&nbsp; Freddie Mac lender is the way to go.&nbsp; We can help in that regard if you would like to contact me through my profile Mon, 14 Oct 2013 13:35:00 GMT http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ 2013-10-14T13:35:00Z Agreed, with that kind of ... http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ <p class="MsoNormal">Agreed, with that kind of down payment you have a good chance of only needing to provide one year of tax returns.</p> Mon, 14 Oct 2013 13:09:00 GMT http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ 2013-10-14T13:09:00Z Look for a lender that can ... http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ Look for a lender that can underwrite direct to Freddie Mac findings. They commonly will ask for only one year of tax returns for self employed and if you qualify on the 2012 alone you should be in good shape with the large down payment. Make sure the lender does not have an "overlay" to require two years of returns when Freddie Mac only asks for the one year. Mon, 14 Oct 2013 04:24:00 GMT http://www.zillow.com/advice-thread/Loan-with-2011-low-income/515183/ 2013-10-14T04:24:00Z