Friday, January 7, 2011

Kentucky FHA Requirements: Your Loan Checklist

Kentucky FHA Requirements: Your Loan Checklist


Prepare for a Smooth Application Process


Before you start the Kentucky FHA loan process, be prepared to provide some information to your loan officer. Have it ready now to save time later.



•Address to your place of residence (past two years)


•Social Security numbers


•Names and location of your employers (past two years)


•Gross monthly salary at your current job(s)


•Pertinent information for all checking and savings accounts


•Pertinent information for all open loans


•Complete information for other real estate you own


•Approximate value of all personal property


•Certificate of Eligibility and DD-214 (for veterans only)


•Current check stubs and your W-2 forms (past two years)


•Personal tax returns (past two years), current income statement and business balance sheet for self-employed individuals

In addition, you will need to pay for a credit report and appraisal of the property

Kentucky FHA Requirements: Your Loan Checklist