What documents are needed to apply for an FHA loan?

Your loan approval depends 100% on the documentation that you provide at the time of application. You will need to give accurate information on:

Employment

• Complete income tax returns for past two years
• W-2 & 1099 statements for past two years
• Paycheck stubs for past two months
• Self-employed income tax returns and YTD Profit & Loss statements for past three years for self-employed borrowers

Savings

• Complete bank statements for all accounts for past three months
• Recent account statements for retirement, 401k, Mutual Funds, Money Market, Stocks, etc.

Credit

• Recent bills and statements indicating account numbers and minimum payments
• Landlord's name, address, telephone number, or 12 months cancelled rent checks
• Recent utility bills to supplement thin credit
• Bankruptcy and discharge papers if applicable
• 12 months cancelled checks written by someone you co-signed for to get a mortgage, car, or credit card, this indicates that you are not the one making the payments.

Personal

• Drivers license
• Social Security card
• Any divorce, palimony or alimony or child support papers
• Green Card or work permit if applicable
• Any homeownership papers

Refinancing or Own Rental Property

• Note and deed from any current Loan
• Property tax bill
• Hazard homeowners insurance policy
• A payment coupon for current mortgage
• Rental agreements for a multi-unit property