FHA Guidelines: Smooth The Process With a Checklist

By having a careful look at FHA guidelines, you do not only save your time, but also make the process smooth. It’s good if you have a checklist to confirm that all the important requirements are duly fulfilled. Well, here’s list of required information that loan officer may need so keep it ready:

• Residential address (Past two years)
• Your Social Security numbers
• Names and addresses of your employer (past two years)
• Your current gross monthly salary
• Pertinent information for all checking and savings accounts
• Pertinent information for all open loans
• Complete details of all real estate you own
• Approximate value of all personal property
• If you’re a veteran, you’ll need certificate of Eligibility and DD-214 too
• Current check stubs and your W-2 forms (past two years)
• Personal tax returns (past two years), current income statement and business balance sheet for self-employed individuals

By following FHA guidelines, you won’t have much complications and whole of the process will go smooth too.

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