Documentation is crucial when applying for FHA loans. You will need to provide documents that prove income, savings and credit information. If you already own a property, you will need to provide related documentation for that, as well.
Here is a list of the documents you should bring copies of with you when you apply for an FHA loan.
- Two years of complete tax returns
- Two years of W-2, 1099's, or other income statements
- Most recent month of pay stubs
- Self-employed individuals will need three years of tax returns and a year-to-date profit/loss statement
- Most recent three months of bank, retirement, stocks, and/or mutual fund statements (all accounts and all pages)
- Credit information (most recent statements)
- Individuals without credit will need recent copies of utility bills
- Contact information of your landlord
- Bankruptcy and discharge papers (if applicable)
- Cosign information (proof that you are not responsible for payments on a loan you cosigned)
- Driver's license
- Social security card
- Green card or work permit (if applicable)
If you are refinancing or own another property, you will need copies of:
While these are the documents that you will need in general, more documents may be requested depending on your specific situation.
- Note & deed from current loan
- Property tax bill.
- Hazard (homeowners) Insurance Policy.
- Payment coupon for current mortgage.
- If property is multi-unit bring Rental Agreements.