Are PenFex loan requirements excessive? Asking for tax returns?

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socalpool
 
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Joined: Thu Dec 13, 2012 12:02 am
Location: socal

Are PenFex loan requirements excessive? Asking for tax returns?

Postby socalpool » Thu Dec 13, 2012 12:09 am

I have been conditionally approved from PenFed, but got this info in an email today:

However, before the loan proceeds (credit card) can be sent to you, PenFed must receive the following:

NEED SATISFACTORY VERIFICATION OF ALL INCOME LISTED PRIOR TO
FURTHER REVIEW. FOR SELF-EMPLOYED BORROWERS, THIS MUST CONSIST
OF LAST 2 YEARS TAX RETURNS WITH ALL SUPPORTING SCHEDULES.
ALL PENFED POLICIES AND TERMS APPLY.

Has anyone else supplied this info? There is quite a bit of info on the returns, including childrens SSN #'s, investment returns etc... I'm just concerned with the privacy of the info on the returns.


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