FHA loan applicants will be required to provide various pieces of information to the loan officer. These items include social security numbers, residence information, salaries, bank account numbers, estimated value of personal possissions, and other relevant information.
What does it take to be eligible to apply for an FHA home loan? FHA requirements include details about income, credit rating and other factors, but before a loan officer looks at any of that information, an applicant has to meet the basics.
Are you considering an FHA home loan? If so, be sure to examine the FHA's list of financial institutions sanctioned for violating FHA rules. Investigators found violations ranging from bad quality control all the way to falsifying documents used to issue FHA home loans.