FHA Loans
AN FHA LOAN IS A MORTGAGE LOAN THAT IS INSURED BY THE FEDERAL HOUSING ADMINISTRATION (FHA).
These loans offer low down payment and all gift options to help borrowers qualify for a home.
Benefits:
Smaller down payment required (as low as 3.5%)
Allows for gift funds to help with closing costs and/or down payment
Allows for seller credit toward recurring and non-recurring closing costs
Great for first-time home buyers
Competitive interest rates
Allows credit scores as low as 580
FHA Loan Checklist
WHEN YOU’RE APPLYING FOR AN FHA LOAN, THE FOLLOWING LIST OF DOCUMENTS WILL HELP EXPEDITE THE PROCESS. WE CAN HELP YOU UNDERSTAND ANY PART OF THE FHA LOAN PROCESS SO DON’T HESITATE TO CONTACT US WITH ANY QUESTIONS.
EMPLOYMENT INFO
Past two years’ completed tax returns.
Past two years’ W-2s, 1099s and any other necessary tax forms.
Most recent 30-day’s pay stubs.
SAVINGS INFO
Past two months’ full bank statements for all accounts.
Most recent statements from investment accounts (retirement, 410k, mutual funds, etc.).
PERSONAL INFO
Driver’s License or other official state identification.
Social Security Card.
Any Divorce, Palimony, Alimony documents.Green card or work-permit (if/as applicable).