What documents are needed for an FHA Loan?

It is important to understand that the loan approval is 100% dependent on the documentation you provide. To insure a smooth transaction, it is crucial that you have all your documentation in order before the initial application of the loan.

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.