FHA Refinance

Borrower Documentation Needed

Clear Copies of Drivers License

Property Type (Check Guides)

Homeowners Agent Info

HOA Yearly Dues

Link needed

Asset Statements (60 Days, ALL Pages)

Joint Access LetterForm

Check for Large Deposits (see definitions)Form

Two Years W-2's (see findings)

30 Days of PaystubsIncome Calc

SSA/Pension/VA Awards Letter

Student Loan Payment Letters

Credit Inquiry LetterLink

BK Paperwork (if Applicable)Link

Sheriffs Deed (if Applicable)Link

Child Support

Child Support Order

Proof of Receipt (3 Months)

Kids Birth Certificates

Rental Properties

Leases

Total Rentals owned (Less than 3)

1038 Rental CalcCalculator

Current Mortgage Statement

If Borrower is Self Employed

Two Years Business Tax ReturnsCalculator

K1's and 1120 S Form

Balance Sheet/ YTD P&LForm

Six Months Bank Statements

NO NSF's on Statements

Definition of Large Deposit

Student Loan Payments

All FHA loans require Student Loan debt be calculated at the higher of a) 1%of loan amount OR b) the payment reporting on the credit bureau, whichever is higher

GuidelineLink

Loan RepaymentCalculator

Collections and Charge offs

Non-Medical Collections more than 2k need payment plan with 3 months of pay history OR 5% of balance a

If aggregate total of ALL Non-Payroll deposits equals more than 1% of the proposed loan amount, the total of all random bank deposits must be sourced or will be subtracted from available balance.

Letter of ExplanationForm

File Notes

EMAIL LOLink

GuidelineLink