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USDA 4506-T Revision

Effective immediately for USDA loans, the 4506-T results will no longer be required for all adult household members and will only be required for borrower(s) with the following income types:

  • Self-employed
  • Commission greater than 25%
  • Rental income documented on Schedule E
  • Employed by family
  • Fixed income types such as disability, social security, retirement, child support, alimony, etc., when the 1040s are obtained in lieu of alternative documentation such as award letters, 1099s, bank statements, etc.
The Government Overlay document has been updated to reflect this change.

If you have any questions, please contact your sales relationship manager.

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