Carrington Wholesale Lending

USDA Products – 4506-T Tax Transcripts

January 8, 2018rashtonBulletins, Bulletins

Effective December 21, 2017 the USDA suspended its requirements with regard to obtaining IRS Form 4506-T tax transcripts for all adult members of the household.

It is no longer necessary to complete or process an IRS 4506-T for the borrower(s) or for any other adult member in the household prior to funding. Verification of adjusted annual household income continues to be required and documentation must be retained in the loan file.

The following is still required at closing for each borrower:


  • 4506-T document in the closing package must be signed for each borrower whose income is used to qualify (regardless of income type).

4506-T document in the closing package must be signed for the business tax return transcript(s) when business returns are used for qualification.

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