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.
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REFINANCE
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FHA Loan Requirements

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Before you start the loan process, you'll need to have some information at hand for all loan applicants:
  1. Social Security numbers
  2. Residence addresses for the past two years
  3. Names and addresses of your employers over past two years
  4. Your current gross monthly salary
  5. Names, addresses, account numbers and balances on all checking and savings accounts
  6. Names, addresses, account numbers, balances and monthly payments on all open loans
  7. Addresses and loan information of other real estate owne
  8. Estimated value of furniture and personal property
  9. Certificate of Eligibility and DD-214, (for veterans only)
  10. W2's for the past two years and current check stubs
  11. For self-employed individuals, you will need to provide
  12. personal tax returns for the past two years, current income statement and balance sheet for the business
In addition, you will need to pay for a credit report and appraisal of the property.



Home Equity Conversion Mortgages, or HECM for short, are designed to help qualified borrowers take out an FHA guaranteed loan against the equity built up in their property. 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. If you had Upfront Mortgage Insurance on FHA mortgages signed on or after December 8, 2004, you would not be entitled to a refund from the FHA on your Upfront Mortgage Insurance.



FHA Loan Rates
Refinance Averages
for 10/24/2014
15 Year Fixed
No Points
Low Interest
Best APR
OR
30 Year Fixed
No Points
Low Interest
Best APR
FHALoan is a private corporation, is not a government agency, and does not make loans.