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The more
prepared you are with your documents when you
apply the faster NYMC can issue loan
commitments and speed your application through
processing. The following documents are
required when applying for FHA loans:
1. 2 years W2s - If self employed 2 years tax
returns
2. 1 month of paystubs
3. 2 months bank statements showing cash
available for down payment and closing costs.
4. Purchase contract if purchasing a home. Not
necessary if seeking a preliminary
prequalification. Contact Loan Officer for
details on how to get prequalifed.
5. If part of down payment is gifted,
appropriate gift letter. For FHA Gift
guidelines click
here.
If you are not applying for an FHA loan and
are using another loan program, contact one of
our FHA
specialists. They will go over what
documentation you need to show if you are
applying for a limited or reduced
documentation alternative program.
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