The following paperwork maybe requested from lender before closing.
- 30 days pay stubs (If applicable)
- Copy of last 2 years W'2s or tax returns with all pages and schedules (if applicable)
- Copies of award letters for additional sources of income for things like social security, pension.(if applicable)
- Two months asset statements for checking, savings, stocks, 401k, etc. All pages (if applicable)
- Copy of your valid ID
- Copy of sales contract
- Copy of down payment check
- 30 days pay stubs (If applicable)
- Copy of last 2 years W'2s or tax returns with all pages and schedules (if applicable)
- Copies of award letters for additional sources of income for things like social security, pension.(if applicable)
- Two months asset statements for checking, savings, stocks, 401k, etc. All pages (if applicable)
- Copy of your valid ID
- Copy of sales contract
- Copy of down payment check
 |  |
Documentation Required For FHA Loans
Best Mortgage Available. com
| Home | About US | Today's Rates | Purchase | Refinance | Home Equity Loan | Application Process |
| Loan Programs | FHA Loan | VA Loan | Reverse Mortgage | Construction / Lot Loan | Commercial Loan |
Copyright © 2006 Best Mortgage Available.com. All Rights Reserved
The Short Refinance Program - this program encourages lenders to forgive 10% or more of the existing mortgage
so that loans can be refinanced at a lower interest rate. This would help both the lenders and the home owners.
Lenders would be able to remove troubled loans from their books and also allow homeowners to lower their
payments.
- To qualify the total principal of the new first loan and any existing second loan(s) must not exceed 115 percent of
the property's value.
- The minimum credit score must be at least 500.
- FHA estimates that this programs will help anywhere from 500,000 to 1.5 million borrowers.
so that loans can be refinanced at a lower interest rate. This would help both the lenders and the home owners.
Lenders would be able to remove troubled loans from their books and also allow homeowners to lower their
payments.
- To qualify the total principal of the new first loan and any existing second loan(s) must not exceed 115 percent of
the property's value.
- The minimum credit score must be at least 500.
- FHA estimates that this programs will help anywhere from 500,000 to 1.5 million borrowers.
FHA Secure Refinance program: For homeowners that are facing a rate hike to their adjustable mortgage FHA
offers a chance to refinance in a government backed fixed rate loan. This unique FHA program which has no
minimum credit score requirement was developed to help homeowners with some equity in their home and who
have kept up with their mortgage payments Late payments after your adjustable loan modified may be overlooked if
your payments were made on time before the rate increase. So far over 100,000 home owners have been helped
under this program alone. Since this program is an FHA product all applications will benefit from the easier lending
guidelines and competitive interest rates.
offers a chance to refinance in a government backed fixed rate loan. This unique FHA program which has no
minimum credit score requirement was developed to help homeowners with some equity in their home and who
have kept up with their mortgage payments Late payments after your adjustable loan modified may be overlooked if
your payments were made on time before the rate increase. So far over 100,000 home owners have been helped
under this program alone. Since this program is an FHA product all applications will benefit from the easier lending
guidelines and competitive interest rates.
Are you facing a Rate Hike?
- Required Documentation will be specific to your loan application
- Required Documentation will be specific to your loan application
Do you owe more then your home is worth? We can help!
Very Limited paperwork is required.
- Copies of current mortgage statement, home owners insurance info, copy of Owners Title Policy to receive a credit
towards the new policy, survey, deed, and lease agreement if applicable.
You will not need the following paperwork
-No pay stubs
-No W-2 forms or tax returns
-No income or employment verification
-No Cash Out
-No termite report
-No appraisal is required unless the closing costs are wrapped into the loan
- Copies of current mortgage statement, home owners insurance info, copy of Owners Title Policy to receive a credit
towards the new policy, survey, deed, and lease agreement if applicable.
You will not need the following paperwork
-No pay stubs
-No W-2 forms or tax returns
-No income or employment verification
-No Cash Out
-No termite report
-No appraisal is required unless the closing costs are wrapped into the loan
2. "Streamlined FHA" refinance - No Cash Out is allowed so you may only refinance the existing mortgage
and closing costs.
and closing costs.
Traditional FHA Refinance programs: The difference is if you wish you receive cash back at closing
1. A Traditional FHA refinance allows for cash-out.
The following paperwork maybe requested before closing.
- 30 days pay stubs(If applicable)
- Copy of last 2 years W'2s or tax returns with all pages and schedules
- Copies of award letters for additional sources of income for things like social security, pension.(if applicable)
- Two months asset statements for checking, savings, stocks, 401k, etc. All pages (if applicable)
- Copy of valid I.D
- Copies of current mortgage statement, home owners insurance info, Owners Title Policy to receive a credit towards
the new policy, survey, deed, and lease agreements for investment properties if applicable.
The following paperwork maybe requested before closing.
- 30 days pay stubs(If applicable)
- Copy of last 2 years W'2s or tax returns with all pages and schedules
- Copies of award letters for additional sources of income for things like social security, pension.(if applicable)
- Two months asset statements for checking, savings, stocks, 401k, etc. All pages (if applicable)
- Copy of valid I.D
- Copies of current mortgage statement, home owners insurance info, Owners Title Policy to receive a credit towards
the new policy, survey, deed, and lease agreements for investment properties if applicable.
Purchase Application:
Bailout Plan's For Struggling Households: