FHA
Loans - Documents Needed for FHA Loan
|
| The most important thing
to understand is that the loan approval process is 100% dependant
on your documentation. To insure a smooth transaction, it is imperative
that you have all of your documents gathered prior to you initial
loan application. Following is a list of all the documents you will
need. Please feel free print this screen and use this as a checklist.
Employment Information
- Most recent two years complete tax returns with
all schedules.
- Most recent two years W-2's, 1099's,
etc.
- Most recent pay stubs covering one
month period.
- If Applicable: Self-Employed will need
Three years Tax Returns and YTD Profit & Loss Statement.
Savings Information
- Most recent three months complete bank
statements for any and all accounts with all pages.
- Most recent statement from retirement, 401k,
mutual funds, money market, stocks, etc.
Credit Information
- Most recent statements from your bills,
indicating minimum payments and account numbers.
- Name, Address, and Phone number of your landlord,
or 12 months cancelled rent checks.
- If Applicable: Should you have no credit.
Copies or your most recent utility bills will be needed.
- If Applicable: Copy of complete Bankruptcy
and Discharge Papers.
- If Applicable: If you co-signed for a mortgage,
car, credit card, etc, need 12 months cancelled checks. front
and rear, indicating you are not making payments.
Personal Information
- Copy of Drivers License.
- Copy of Social Security Card.
- If Applicable: Copy of complete
Divorce, Palimony, Alimony Papers.
- If Applicable: Copy of Green Card or Work
Permit.
- If Applicable: If you own another home(s)
- see below
If a Refinance or you own Rental Property
- Copy of Note & Deed from current
loan.
- Copy of Property Tax Bill.
- Copy of Hazard (homeowners) Insurance Policy.
- Copy of Payment Coupon for current Mortgage.
- If Applicable: If property is multi-unit,
need Rental Agreements.
Additional documents may be needed upon review
of your file and on a case-by-case scenario. |
