Document Checklist and Instructions

For immediate results on your loan request it is important to provide a properly documented loan application with all necessary documentation for a smooth loan process. This checklist will help you gather your paperwork.

1. To qualify for an FHA loan, full income documentation is required. Therefore, you must provide: the most recent month's consecutive pay stubs. I.E. if you are paid weekly we will need 4 consecutive pay stubs, if paid every other week, we will need the last 2 pay stubs.  If you are self-employed, provide a signed copy the last 2 years personal tax returns including all schedules and a YTD profit and loss statement.
2. To qualify for an FHA loan there are no assets required, however, assets can be a big boost in obtaining a loan approval in cases when there is limited or not so perfect credit, and or higer loan-to-value loan amounts.  Liquid assets can be any of the following: checking and/or savings, retirement or mutual funds, notes receivables, or trust account. Verification of assets will be required.
3. If you own rental property, a recent rental agreement and in some cases personal tax returns may also be required.
4. For purchase loan transactions, a copy of the purchase agreement and a copy of the check placed into escrow as deposit will be required.
5. For refinance transactions, a copy of the most recent mortgage payment
   coupon(s) and a copy of your homeowners insurance policy will be required.

At closing the following documentation will be required:

• Appraisal Report
• Acceptable Title Report
• Hazard Insurance