Underwriting delay caused by tax transcripts?

Underwriting delay caused by tax transcripts?Underwriting delay caused by tax transcripts?
Ernestacoub asked 5 years ago

Hey everyone,


I have been pre-approved for a loan, and will likely be making an offer for a place on April 1st (fingers crossed I find something I like!). My accountant just filed my 2014 and 2015 tax returns. I had an extension for 2014, but never got them filed.  He was able to eFile both years.  The IRS website says it takes about 3 weeks for e-filed returns to appear in a transcript.  That would likely be a week after I make an offer (which is hopefully accepted). 


I’m going to ask my lender about potential delays, but for those who have experienced this process before, have IRS transcripts being delayed caused problems with closing or getting final approval?



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