Revised Income Tax Return Affidavit Who should complete this affidavit:
- First-time homebuyers who were not legally required to file a tax return in any of the previous three tax years must have this affidavit in their loan file.
- The IRS requirement to file tax returns depends on gross income or other special situations. Borrowers may be claimed as dependents but may still be required to file a tax return based on income.
To be eligible for our mortgage loan programs, borrowers must either file tax returns if legally required, or complete the Income Tax Return Affidavit showing they do not need to file a return.