Your Guide to FHA Loan Requirements
October 21st, 2008The Federal Housing Administration offers assisted mortgage loans to qualified borrowers through various lenders. As part of the program, the mortgage lenders must meet certain guidelines but are generally free to establish their own underwriting terms.
Before you start the FHA loan process, be prepared to provide some information to your loan officer. Have it ready now to save time later.Things like your adress residence (past two years) Social Security numbers, 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. Read the rest of this entry »