Finance

A Texas mortgage loan officer asks a borrower for their most recent two years of tax returns. This is typically required for borrowers who are:

AW-2 salaried employees only
BSelf-employed or commission-based income earners✓ Correct
CFirst-time homebuyers
DVA loan applicants

Explanation

Lenders typically require two years of personal tax returns from self-employed borrowers and those earning commission income to verify income stability and calculate qualifying income, which may require reviewing both business and personal returns.

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