FHA Loan Documents Checklist
If you are applying or considering qualifying for an FHA loan, you will need to begin rummaging through that file folder of yours to gather the documents required by your FHA lender. Having these documents on hand can speed up the FHA loan process and make your life a whole lot easier along the way.
Documents you may need when applying for an FHA loan
- Income documentation: FHA does not offer a stated loan so your FHA lender will most certainly need any recent documentation supporting your income. You FHA lender may require 2 years of tax returns (W2's for the last 2 year if you are a wage earner or 1099's [all pages] if you are self employed) along with 1 month of consecutive, most recent pay stubs
- Assets:2 months of bank statements from your checking and savings account (all pages - even the blank ones!) - not always required but good to have on hand because your lender or broker may ask for this.
- Social security cards for all borrowers
- Valid photo identification for all borrowers (drivers license)
- The most recent mortgage statement(s) for the current mortgage(s) on the home (if any)
- Your home owners insurance policy number and agents contact information
- A fully executed contact of sale (if you are buying a home)
The documents listed above are just some preliminary documentation you may need during the pre-approval process for an FHA mortgage. The actual loan documents you will need to provide your FHA mortgage company will vary depending on your current situation.