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.