Do Quicken Loans require tax returns for loan processing?

Quicken Loans, like most lenders, generally requires tax returns for loan processing, especially when applying for a mortgage. Lenders use these documents to verify a borrower's income and financial health, which are critical components in determining the borrower's ability to repay the loan. They typically ask for the last two years of federal tax returns to confirm consistent income, particularly for self-employed individuals or those with irregular sources of earnings. However, specific documentation requirements can depend on the type of loan and the individual borrower's circumstances. Quicken Loans may have particular protocols and guidelines that dictate exactly when and how tax returns must be provided during the loan application process.