FHA Loan Application Checklist

Posted on January 2, 2009
Filed Under FHA Home Loans, Home Loans | 3 Comments

To get your FHA loan application off to the right start you will need to following documentation.  This will help your lender expedite the loan approval process.

FHA purchase loans:

Employment:

Most recent 2 years tax returns with all schedules

Most recent 2 years w-2’s, 1099’s and other

Most recent paystubs for past 30 days

Self-Employed – 3 Years tax returns with all schedules & YTD P&L

Savings:

Most recent 3 months bank statements – all pages

Most recent statements of: 401K, stocks, bonds, mutual funds, money market accounts, etc…

Credit:

Most recent statement of bills including monthly payment amount and current balance

If renting: copy of lease agreement or name and phone number of landlord or rental agency and copy of cancelled checks front and back side.

If No Credit Established:  Copy of montly bills and evidence of payments over 12 months.  Utility bills, phone bills, etc…

If prior or current Bankrupty:  Complete bankruptcy filing including discharge papers.

If Co-Signing for a car or other type of consumer loan:  copy of checks front and back showing you did not make the payments.

Personal Information:

Copy of Drivers License

Copy of Social Security Card

If applies: copy of divorce decree, palimony or alimony papers

If applies: copy of green card or work permit

If applies: if you own another home – see next section

Refinancing or Own Rental Home(s)

Copy of note and deed of trust

Copy of payment coupon

Copy of Hazard Insurance Policy

Copy of Propery Tax Bill

Rental agreements if the property is a multi unit building

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3 Responses to “FHA Loan Application Checklist”

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