FHA Loans - Documents Needed for FHA Loan
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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.
Now that you know the documents that will be needed, learn about how your income will affect your loan qualifications by clicking Here.
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I specialize in Kentucky First Time Homebuyers FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 1300 Kentucky families buy their first home or refinance their current mortgage for a lower payment; Kentucky First time buyers we still how available down payment assistance with KHC. Free Mortgage applications/ same day approvals. Web site is not endorsed by the FHA, VA, USDA govt agency. Text/call 502-905-3708 kentuckyloan@gmail.com NMLS 57916 NMLS 1738461
Showing posts with label FHA Loans - Documents Needed for FHA Loan. Show all posts
Showing posts with label FHA Loans - Documents Needed for FHA Loan. Show all posts
FHA Loans - Documents Needed for FHA Loan
I have helped over 1300 Kentucky families buy or refinance their home over the last 20 years. Realizing that this is one of the biggest, most important financial transactions a family makes during their lifetime, I always feel honored and respected when I am chosen to originate their personal home loan. You can count on me to deliver on what I say, and I will always give you honest, up-front personal attention you deserve during the loan process.
I have several advantages over the large banks in town. First, I can search and negotiate for your loan options through several different mortgage companies across the country to get you the best deal locally. Where most banks will offer offer you their one set of loan products. I have access to over 10 different mortgage companies to broker your loan through to get you the best pricing and loan products that may not fit into the bank's program due to credit, income, or other underwriting issues.
You will not get lost in the shuffle like most borrowers do at the mega banks; you're just not a number at our company, you are a person and we will treat you like one throughout the entire process.
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