Do you want to learn more about FHA LOANS?
REQUIRED DOCUMENTS FOR FHA LOANS
- Clear copy of your Driver’s License or Green Card if not US Citizen.
- Two or more current, consecutive pay stubs; to equal one full month of pay
- Last two years of W-2’s or 1099’s
- Last two years of complete tax returns with all schedules.
- Two current months of bank statements on all accounts, including pages intentionally left blank
*Each mortgage is unique and depending on your situation (bankruptcy, citizenship, etc), other documentation may be required. Please call for free consultation.
UNDERSTANDING FHA LOANS
Even the Federal Government wants to see you have an opportunity to become a homeowner, so they created Federal Housing Administration Loans (FHA Loans) to make sure your dream becomes reality. These loans have attractive interest rates and flexible qualification requirements designed to ease you out of renting and into home ownership. Some can even qualify with a credit score of just 580 and no personal cash in savings. FHA Loans encourage their applicants to get their down payments as a cash gift from family or use a state or local government down-payment assistance program. Even with these minimal qualifications many loan officers make mistakes in the home process like not properly reporting financial gifts or mishandling the government’s first time homebuyer paperwork resulting in the loan getting revoked. What you need is a good mortgage consultant who has experience with the FHA process, a track record of closing within 30 days and can make sure you get the loan with terms you can afford. We put a lot of emphasis on understanding every aspect of your finances to be sure we are fully prepared for any curve balls that might be thrown our way. This attention to detail is the reason why our biggest referral source for business has always been Realtors and that’s because – we make sure closings happen. Continuar leyendo: “Do you want to learn more about FHA LOANS?” →
Publicado el 28/1/2022 Categoría title max loans.
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